Meeder Asset Management Inc. Acquires 152,535 Shares of UDR, Inc. (UDR)

Meeder Asset Management Inc. boosted its holdings in shares of UDR, Inc. (NYSE:UDR) by 686.3% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 174,761 shares of the real estate investment trust’s stock after purchasing an additional 152,535 shares during the quarter. Meeder Asset Management Inc. owned about 0.07% of UDR worth $7,066,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in UDR. Nissay Asset Management Corp Japan ADV increased its position in UDR by 4.7% during the third quarter. Nissay Asset Management Corp Japan ADV now owns 41,599 shares of the real estate investment trust’s stock valued at $1,682,000 after acquiring an additional 1,858 shares during the last quarter. Sumitomo Mitsui Asset Management Company LTD increased its position in UDR by 6.0% during the third quarter. Sumitomo Mitsui Asset Management Company LTD now owns 34,085 shares of the real estate investment trust’s stock valued at $1,378,000 after acquiring an additional 1,920 shares during the last quarter. Signature Financial Management Inc. increased its position in UDR by 8.3% during the second quarter. Signature Financial Management Inc. now owns 28,122 shares of the real estate investment trust’s stock valued at $1,056,000 after acquiring an additional 2,161 shares during the last quarter. IFM Investors Pty Ltd increased its position in UDR by 14.8% during the third quarter. IFM Investors Pty Ltd now owns 17,038 shares of the real estate investment trust’s stock valued at $689,000 after acquiring an additional 2,191 shares during the last quarter. Finally, Mitsubishi UFJ Kokusai Asset Management Co. Ltd. increased its position in UDR by 3.0% during the second quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 86,849 shares of the real estate investment trust’s stock valued at $3,260,000 after acquiring an additional 2,566 shares during the last quarter. 95.60% of the stock is currently owned by institutional investors.

In related news, VP Warren L. Troupe sold 40,000 shares of the stock in a transaction that occurred on Wednesday, August 22nd. The shares were sold at an average price of $39.10, for a total value of $1,564,000.00. Following the completion of the transaction, the vice president now directly owns 549,634 shares of the company’s stock, valued at approximately $21,490,689.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Harry G. Alcock sold 10,000 shares of the stock in a transaction that occurred on Thursday, September 13th. The shares were sold at an average price of $40.45, for a total transaction of $404,500.00. Following the completion of the transaction, the senior vice president now directly owns 126,123 shares of the company’s stock, 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 valued at $4,157,729. Insiders own 3.16% of the company’s stock.

UDR stock opened at $38.92 on Monday. The stock has a market cap of $10.45 billion, a price-to-earnings ratio of 20.81, a PEG ratio of 3.27 and a beta of 0.32. UDR, Inc. has a one year low of $32.88 and a one year high of $41.13. The company has a quick ratio of 5.97, a current ratio of 5.97 and a debt-to-equity ratio of 1.49.

UDR (NYSE:UDR) last released its quarterly earnings results on Monday, October 29th. The real estate investment trust reported $0.07 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.07. The business had revenue of $266.10 million during the quarter, compared to analyst estimates of $258.90 million. UDR had a net margin of 18.43% and a return on equity of 7.09%. The company’s quarterly revenue was up 6.0% on a year-over-year basis. During the same period in the prior year, the firm posted $0.06 earnings per share. Analysts predict that UDR, Inc. will post 1.95 earnings per share for the current year.

The company also recently declared a quarterly dividend, which was paid on Wednesday, October 31st. Shareholders of record on Wednesday, October 10th were given a dividend of $0.3323 per share. This represents a $1.33 annualized dividend and a dividend yield of 3.41%. This is a positive change from UDR’s previous quarterly dividend of $0.32. The ex-dividend date was Tuesday, October 9th. UDR’s dividend payout ratio is presently 68.98%.

A number of research analysts have weighed in on UDR shares. Stifel Nicolaus boosted their price objective on shares of UDR from $40.00 to $43.00 and gave the company a “buy” rating in a research report on Tuesday, September 25th. Robert W. Baird restated a “buy” rating and issued a $40.00 price target on shares of UDR in a report on Thursday, August 16th. Zacks Investment Research upgraded shares of UDR from a “hold” rating to a “buy” rating and set a $41.00 price target on the stock in a report on Wednesday, July 25th. ValuEngine upgraded shares of UDR from a “hold” rating to a “buy” rating in a report on Wednesday, October 24th. Finally, Barclays restated a “hold” rating and issued a $39.00 price target on shares of UDR in a report on Sunday, October 14th. Two equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and six have issued a buy rating to the company’s stock. UDR presently has an average rating of “Hold” and a consensus price target of $39.57.

UDR 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 properties in targeted U.S.

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Institutional Ownership by Quarter for UDR (NYSE:UDR)

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