Daiwa Securities Group Inc. increased its stake in shares of UDR, Inc. (NYSE:UDR) by 6.8% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 12,830,822 shares of the real estate investment trust’s stock after purchasing an additional 811,970 shares during the quarter. UDR comprises about 4.3% of Daiwa Securities Group Inc.’s portfolio, making the stock its biggest position. Daiwa Securities Group Inc.’s holdings in UDR were worth $518,750,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other institutional investors and hedge funds also recently added to or reduced their stakes in UDR. Piedmont Investment Advisors LLC bought a new position in UDR in the second quarter valued at approximately $118,000. Point72 Hong Kong Ltd boosted its stake in UDR by 1,406.2% in the second quarter. Point72 Hong Kong Ltd now owns 3,886 shares of the real estate investment trust’s stock valued at $146,000 after acquiring an additional 3,628 shares during the last quarter. Lourd Capital LLC bought a new position in UDR in the third quarter valued at approximately $217,000. CAPROCK Group Inc. bought a new position in UDR in the third quarter valued at approximately $219,000. Finally, Qube Research & Technologies Ltd boosted its stake in UDR by 1,900.0% in the second quarter. Qube Research & Technologies Ltd now owns 6,280 shares of the real estate investment trust’s stock valued at $236,000 after acquiring an additional 5,966 shares during the last quarter. 95.35% of the stock is currently owned by institutional investors and hedge funds.
In related news, CEO Thomas W. Toomey sold 40,000 shares of the firm’s stock in a transaction on Friday, August 17th. The shares were sold at an average price of $39.80, for a total transaction of $1,592,000.00. Following the sale, the chief executive officer now directly owns 1,768,753 shares in the company, valued at $70,396,369.40. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, SVP Harry G. Alcock sold 10,000 shares of the firm’s stock in a transaction on Thursday, September 13th. The stock was sold at an average price of $40.45, for a total transaction of $404,500.00. Following the sale, the senior vice president now owns 126,123 shares in the company, valued at $5,101,675.35. The disclosure for this sale can be found here. Over the last three months, insiders have sold 104,773 shares of company stock worth $4,157,729. Insiders own 3.16% of the company’s stock.
Shares of NYSE UDR opened at $38.92 on Friday. The firm has a market cap of $10.45 billion, a PE ratio of 20.81, a PEG ratio of 3.27 and a beta of 0.32. UDR, Inc. has a twelve month low of $32.88 and a twelve month high of $41.13. The company has a current ratio of 5.97, a quick ratio of 6.03 and a debt-to-equity ratio of 1.49.
UDR (NYSE:UDR) last announced its quarterly earnings results on Monday, October 29th. The real estate investment trust reported $0.07 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.07. The company had revenue of $266.10 million for the quarter, compared to analysts’ expectations of $258.90 million. UDR had a net margin of 18.43% and a return on equity of 7.09%. The business’s quarterly revenue was up 6.0% compared to the same quarter last year. During the same period last year, the firm posted $0.06 earnings per share. As a group, equities analysts anticipate that UDR, Inc. will post 1.95 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Wednesday, October 31st. Stockholders of record on Wednesday, October 10th were given a dividend of $0.3323 per share. This represents a $1.33 dividend on an annualized basis and a dividend yield of 3.41%. This is a boost from UDR’s previous quarterly dividend of $0.32. The ex-dividend date was Tuesday, October 9th. UDR’s dividend payout ratio (DPR) is currently 68.98%.
A number of equities analysts have issued reports on UDR shares. Stifel Nicolaus raised their price objective on shares of UDR from $40.00 to $43.00 and gave the company a “buy” rating in a research note on Tuesday, September 25th. Robert W. Baird reaffirmed a “buy” rating and issued a $40.00 price objective on shares of UDR in a research note on Thursday, August 16th. Zacks Investment Research raised shares of UDR from a “hold” rating to a “buy” rating and set a $41.00 price objective on the stock in a research note on Wednesday, July 25th. ValuEngine raised shares of UDR from a “hold” rating to a “buy” rating in a research note on Wednesday, October 24th. Finally, Barclays reaffirmed a “hold” rating and issued a $39.00 price objective on shares of UDR in a research note on Sunday, October 14th. Two equities research analysts have rated the stock with a sell rating, nine have given a hold rating and six have issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average target price of $39.57.
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 properties in targeted U.S.
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