Nationwide Fund Advisors trimmed its stake in UDR, Inc. (NYSE:UDR) by 13.4% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 75,307 shares of the real estate investment trust’s stock after selling 11,640 shares during the period. Nationwide Fund Advisors’ holdings in UDR were worth $2,864,000 at the end of the most recent reporting period.
Separately, Quantitative Investment Management LLC boosted its position in UDR by 429.7% during the second quarter. Quantitative Investment Management LLC now owns 151,500 shares of the real estate investment trust’s stock valued at $5,903,000 after acquiring an additional 122,900 shares during the last quarter. 96.52% of the stock is owned by institutional investors and hedge funds.
UDR, Inc. (UDR) traded down $0.33 during trading hours on Thursday, reaching $36.08. 1,477,778 shares of the company’s stock traded hands, compared to its average volume of 1,447,860. The company has a debt-to-equity ratio of 1.31, a quick ratio of 5.45 and a current ratio of 5.45. The stock has a market cap of $9,670.00, a price-to-earnings ratio of 116.39, a price-to-earnings-growth ratio of 3.21 and a beta of 0.39. UDR, Inc. has a 52-week low of $34.41 and a 52-week high of $40.71.
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 31st. Shareholders of record on Wednesday, January 10th will be paid a $0.31 dividend. The ex-dividend date of this dividend is Tuesday, January 9th. This represents a $1.24 annualized dividend and a yield of 3.44%. UDR’s dividend payout ratio (DPR) is 400.00%.
In other UDR news, CEO Thomas W. Toomey sold 20,000 shares of the stock in a transaction dated Friday, December 15th. The shares were sold at an average price of $39.20, for a total value of $784,000.00. Following the completion of the sale, the chief executive officer now owns 1,127,925 shares in the company, valued at approximately $44,214,660. The transaction was disclosed in a document filed with the SEC, which is available at this link. Company insiders own 3.07% of the company’s stock.
A number of brokerages have commented on UDR. BMO Capital Markets reaffirmed a “hold” rating and set a $40.00 price target on shares of UDR in a research report on Tuesday. Robert W. Baird reissued a “buy” rating and set a $40.00 price objective on shares of UDR in a research report on Tuesday. Zacks Investment Research cut shares of UDR from a “hold” rating to a “sell” rating in a research report on Saturday, January 6th. Evercore ISI raised shares of UDR from an “underperform” rating to an “in-line” rating in a research report on Monday, December 11th. Finally, SunTrust Banks cut shares of UDR from a “buy” rating to a “hold” rating and set a $41.00 price objective on the stock. in a research report on Wednesday, November 29th. Two analysts have rated the stock with a sell rating, eleven have assigned a hold rating and four have given a buy rating to the company’s stock. UDR has a consensus rating of “Hold” and a consensus price target of $40.23.
COPYRIGHT VIOLATION NOTICE: This article was originally published by Dispatch Tribunal and is the sole property of of Dispatch Tribunal. If you are viewing this article on another domain, it was stolen and reposted in violation of international copyright and trademark laws. The original version of this article can be accessed at https://www.dispatchtribunal.com/2018/01/11/nationwide-fund-advisors-has-2-86-million-position-in-udr-inc-udr.html.
UDR, Inc is a self-administered real estate investment trust. The Company owns, operates, acquires, renovates, develops, redevelops, disposes of and manages multifamily apartment communities generally located in various markets across the United States. The Company’s segments are Same-Store Communities and Non-Mature Communities/Other.
Receive News & Ratings for UDR Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for UDR and related companies with MarketBeat.com's FREE daily email newsletter.