Goldman Sachs Group Inc. grew its stake in UDR, Inc. (NYSE:UDR) by 6.1% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 2,109,900 shares of the real estate investment trust’s stock after acquiring an additional 120,903 shares during the period. Goldman Sachs Group Inc. owned about 0.79% of UDR worth $81,273,000 as of its most recent filing with the SEC.
Several other institutional investors also recently added to or reduced their stakes in the company. Bbva Compass Bancshares Inc. acquired a new position in shares of UDR in the fourth quarter valued at approximately $227,000. Fox Run Management L.L.C. grew its holdings in UDR by 51.8% during the 4th quarter. Fox Run Management L.L.C. now owns 8,500 shares of the real estate investment trust’s stock worth $327,000 after acquiring an additional 2,900 shares in the last quarter. WESCAP Management Group Inc. grew its holdings in UDR by 55.1% during the 3rd quarter. WESCAP Management Group Inc. now owns 10,949 shares of the real estate investment trust’s stock worth $416,000 after acquiring an additional 3,890 shares in the last quarter. Exane Derivatives acquired a new position in UDR during the 4th quarter worth approximately $432,000. Finally, Dean Capital Investments Management LLC acquired a new position in UDR during the 4th quarter worth approximately $478,000. 97.69% of the stock is currently owned by institutional investors and hedge funds.
Several research analysts have commented on UDR shares. Bank of America upgraded shares of UDR from a “neutral” rating to a “buy” rating and set a $40.00 price target for the company in a report on Friday, March 9th. Zacks Investment Research downgraded shares of UDR from a “hold” rating to a “sell” rating in a research report on Saturday, January 6th. SunTrust Banks set a $39.00 price objective on shares of UDR and gave the stock a “hold” rating in a research report on Monday, January 22nd. Robert W. Baird reiterated a “buy” rating and issued a $40.00 price target on shares of UDR in a research report on Tuesday, January 9th. Finally, Evercore ISI upgraded shares of UDR from an “underperform” rating to an “in-line” rating in a research report on Monday, December 11th. Thirteen research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus price target of $38.71.
In other UDR news, VP Warren L. Troupe sold 30,000 shares of the firm’s stock in a transaction dated Friday, March 16th. The shares were sold at an average price of $35.91, for a total transaction of $1,077,300.00. Following the sale, the vice president now directly owns 528,378 shares of the company’s stock, valued at approximately $18,974,053.98. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Thomas W. Toomey sold 13,000 shares of the stock in a transaction dated Wednesday, March 28th. The stock was sold at an average price of $35.50, for a total transaction of $461,500.00. Following the transaction, the chief executive officer now owns 1,149,390 shares in the company, valued at $40,803,345. The disclosure for this sale can be found here. Over the last three months, insiders sold 63,000 shares of company stock worth $2,256,800. 3.07% of the stock is owned by corporate insiders.
Shares of NYSE:UDR remained flat at $$35.71 on Friday. 1,316,627 shares of the stock were exchanged, compared to its average volume of 1,543,417. The company has a debt-to-equity ratio of 1.32, a quick ratio of 4.93 and a current ratio of 4.93. UDR, Inc. has a fifty-two week low of $32.88 and a fifty-two week high of $40.71. The firm has a market cap of $9,661.80, a PE ratio of 19.27, a PEG ratio of 3.34 and a beta of 0.36.
UDR (NYSE:UDR) last posted its quarterly earnings results on Tuesday, February 6th. The real estate investment trust reported $0.48 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.48. The business had revenue of $250.12 million for the quarter, compared to analysts’ expectations of $250.37 million. UDR had a net margin of 12.21% and a return on equity of 4.53%. The business’s revenue for the quarter was up 4.2% on a year-over-year basis. During the same period in the prior year, the company posted $0.46 EPS. analysts forecast that UDR, Inc. will post 1.93 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, April 30th. Investors of record on Monday, April 9th will be paid a $0.3225 dividend. This represents a $1.29 dividend on an annualized basis and a yield of 3.61%. This is a boost from UDR’s previous quarterly dividend of $0.31. The ex-dividend date of this dividend is Friday, April 6th. UDR’s dividend payout ratio is presently 66.31%.
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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.
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