Tredje AP fonden Sells 24,988 Shares of UDR, Inc. (NYSE:UDR)

Tredje AP fonden trimmed its stake in shares of UDR, Inc. (NYSE:UDR) by 50.0% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 24,988 shares of the real estate investment trust’s stock after selling 24,988 shares during the quarter. Tredje AP fonden’s holdings in UDR were worth $1,085,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Victory Capital Management Inc. increased its stake in UDR by 1.6% in the 3rd quarter. Victory Capital Management Inc. now owns 97,190 shares of the real estate investment trust’s stock worth $4,407,000 after acquiring an additional 1,537 shares during the last quarter. KBC Group NV increased its stake in UDR by 658.5% in the 3rd quarter. KBC Group NV now owns 308,312 shares of the real estate investment trust’s stock worth $13,979,000 after acquiring an additional 267,662 shares during the last quarter. Metis Global Partners LLC increased its stake in UDR by 20.7% in the 3rd quarter. Metis Global Partners LLC now owns 40,713 shares of the real estate investment trust’s stock worth $1,846,000 after acquiring an additional 6,976 shares during the last quarter. CIBC Asset Management Inc increased its stake in UDR by 7.5% in the 3rd quarter. CIBC Asset Management Inc now owns 44,637 shares of the real estate investment trust’s stock worth $2,024,000 after acquiring an additional 3,110 shares during the last quarter. Finally, Empowered Funds LLC increased its stake in UDR by 7.1% in the 3rd quarter. Empowered Funds LLC now owns 5,246 shares of the real estate investment trust’s stock worth $238,000 after acquiring an additional 350 shares during the last quarter. 97.84% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other news, CEO Thomas W. Toomey sold 25,000 shares of the stock in a transaction that occurred on Thursday, February 20th. The stock was sold at an average price of $42.75, for a total value of $1,068,750.00. Following the completion of the transaction, the chief executive officer now owns 824,716 shares of the company’s stock, valued at approximately $35,256,609. This represents a 2.94 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 3.73% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have weighed in on UDR shares. Zelman & Associates restated a “neutral” rating on shares of UDR in a research note on Thursday, February 13th. Wells Fargo & Company cut their price objective on UDR from $48.00 to $45.00 and set an “overweight” rating for the company in a report on Friday, January 24th. Evercore ISI upped their price objective on UDR from $43.00 to $45.00 and gave the stock an “in-line” rating in a report on Monday, February 10th. Mizuho cut their price objective on UDR from $47.00 to $45.00 and set a “neutral” rating for the company in a report on Monday, January 6th. Finally, Barclays cut their price objective on UDR from $50.00 to $48.00 and set an “overweight” rating for the company in a report on Friday, January 24th. One analyst has rated the stock with a sell rating, eleven have assigned a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $46.12.

UDR Trading Up 1.7 %

NYSE UDR opened at $43.27 on Friday. UDR, Inc. has a fifty-two week low of $35.14 and a fifty-two week high of $47.55. The company has a debt-to-equity ratio of 1.71, a quick ratio of 5.91 and a current ratio of 5.61. The stock has a 50 day simple moving average of $42.49 and a two-hundred day simple moving average of $43.80. The stock has a market cap of $14.33 billion, a P/E ratio of 173.10, a price-to-earnings-growth ratio of 8.67 and a beta of 0.88.

UDR (NYSE:UDR) last released its quarterly earnings data on Wednesday, February 5th. The real estate investment trust reported $0.63 earnings per share for the quarter, topping the consensus estimate of $0.10 by $0.53. UDR had a return on equity of 2.65% and a net margin of 5.36%. On average, analysts forecast that UDR, Inc. will post 2.51 earnings per share for the current year.

UDR Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 30th. Shareholders of record on Thursday, April 10th will be issued a $0.43 dividend. The ex-dividend date is Thursday, April 10th. This represents a $1.72 annualized dividend and a yield of 3.97%. This is a boost from UDR’s previous quarterly dividend of $0.43. UDR’s dividend payout ratio (DPR) is 680.00%.

UDR Company Profile

UDR, Inc (NYSE: UDR), an S&P 500 company, is a leading multifamily real estate investment trust with a demonstrated performance history of delivering superior and dependable returns by successfully managing, buying, selling, developing and redeveloping attractive real estate communities in targeted U.S.