Two Sigma Investments LP cut its holdings in shares of UDR, Inc. (NYSE:UDR) by 93.2% during the fourth quarter, HoldingsChannel.com reports. The firm owned 13,801 shares of the real estate investment trust’s stock after selling 190,282 shares during the quarter. Two Sigma Investments LP’s holdings in UDR were worth $532,000 at the end of the most recent quarter.
Other institutional investors have also added to or reduced their stakes in the company. Public Employees Retirement Association of Colorado raised its position in shares of UDR by 3.2% in the 4th quarter. Public Employees Retirement Association of Colorado now owns 53,940 shares of the real estate investment trust’s stock valued at $2,078,000 after acquiring an additional 1,690 shares during the period. California Public Employees Retirement System raised its position in shares of UDR by 0.3% in the 4th quarter. California Public Employees Retirement System now owns 653,942 shares of the real estate investment trust’s stock valued at $25,190,000 after acquiring an additional 2,012 shares during the period. ING Groep NV raised its position in shares of UDR by 10.0% in the 4th quarter. ING Groep NV now owns 25,441 shares of the real estate investment trust’s stock valued at $980,000 after acquiring an additional 2,317 shares during the period. LMR Partners LLP raised its position in shares of UDR by 18.8% in the 4th quarter. LMR Partners LLP now owns 14,730 shares of the real estate investment trust’s stock valued at $567,000 after acquiring an additional 2,329 shares during the period. Finally, Nomura Asset Management Co. Ltd. raised its position in shares of UDR by 1.1% in the 4th quarter. Nomura Asset Management Co. Ltd. now owns 227,089 shares of the real estate investment trust’s stock valued at $8,747,000 after acquiring an additional 2,570 shares during the period. Institutional investors own 97.69% of the company’s stock.
In related news, VP Warren L. Troupe sold 30,000 shares of the stock in a transaction that occurred on Friday, March 16th. The stock was sold at an average price of $35.91, for a total transaction of $1,077,300.00. Following the completion of 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 document filed with the SEC, which is available through the SEC website. Also, CEO Thomas W. Toomey sold 13,000 shares of the stock in a transaction that occurred on Wednesday, March 28th. The stock was sold at an average price of $35.50, for a total value of $461,500.00. Following the sale, the chief executive officer now directly owns 1,149,390 shares of the company’s stock, valued at $40,803,345. The disclosure for this sale can be found here. Over the last three months, insiders have sold 63,000 shares of company stock valued at $2,256,800. 3.07% of the stock is owned by company insiders.
NYSE UDR opened at $35.50 on Friday. UDR, Inc. has a 52-week low of $32.88 and a 52-week high of $40.71. The company has a debt-to-equity ratio of 1.32, a current ratio of 4.93 and a quick ratio of 4.93. The company has a market cap of $9,586.72, a P/E ratio of 18.98, a price-to-earnings-growth ratio of 3.31 and a beta of 0.36.
UDR (NYSE:UDR) last posted its earnings results on Tuesday, February 6th. The real estate investment trust reported $0.48 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.48. UDR had a return on equity of 4.53% and a net margin of 12.21%. The business had revenue of $250.12 million during the quarter, compared to analysts’ expectations of $250.37 million. During the same period in the prior year, the business earned $0.46 EPS. UDR’s revenue for the quarter was up 4.2% compared to the same quarter last year. sell-side analysts expect that UDR, Inc. will post 1.93 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Monday, April 30th. Investors of record on Monday, April 9th will be paid a dividend of $0.3225 per share. This represents a $1.29 dividend on an annualized basis and a yield of 3.63%. 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 68.98%.
A number of analysts recently weighed in on UDR shares. Zacks Investment Research downgraded shares of UDR from a “hold” rating to a “sell” rating in a research report on Saturday, January 6th. 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. BMO Capital Markets reiterated a “hold” rating and issued a $40.00 price target on shares of UDR in a research report on Tuesday, January 9th. Stifel Nicolaus reiterated a “hold” rating and issued a $38.00 price target on shares of UDR in a research report on Friday, January 19th. Finally, SunTrust Banks set a $39.00 price target on shares of UDR and gave the company a “hold” rating in a research report on Monday, January 22nd. Thirteen investment analysts have rated the stock with a hold rating and four have given a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus target price of $38.71.
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UDR Company Profile
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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