Rhumbline Advisers grew its holdings in shares of UDR, Inc. (NYSE:UDR) by 0.4% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 499,028 shares of the real estate investment trust’s stock after purchasing an additional 1,868 shares during the period. Rhumbline Advisers owned approximately 0.19% of UDR worth $19,771,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. First Quadrant L P CA acquired a new position in UDR during the 4th quarter worth approximately $91,000. C M Bidwell & Associates Ltd. acquired a new position in UDR during the 3rd quarter worth approximately $186,000. Graves Light Private Wealth Management Inc. acquired a new position in UDR during the 4th quarter worth approximately $208,000. Lourd Capital LLC acquired a new position in UDR during the 3rd quarter worth approximately $217,000. Finally, CAPROCK Group Inc. acquired a new stake in shares of UDR in the 3rd quarter worth approximately $219,000. Institutional investors own 97.66% of the company’s stock.
A number of research firms recently weighed in on UDR. Zacks Investment Research cut UDR from a “buy” rating to a “hold” rating in a report on Thursday, December 6th. ValuEngine upgraded UDR from a “hold” rating to a “buy” rating in a report on Tuesday, November 13th. Robert W. Baird cut UDR from an “outperform” rating to a “neutral” rating and set a $42.00 price target on the stock. in a report on Tuesday, November 20th. Citigroup upped their price target on UDR from $40.00 to $41.00 and gave the stock a “neutral” rating in a report on Thursday, November 1st. Finally, Royal Bank of Canada restated a “hold” rating and issued a $41.00 price target on shares of UDR in a report on Tuesday, November 20th. Two equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and six have assigned a buy rating to the company. UDR presently has a consensus rating of “Hold” and a consensus price target of $41.14.
Shares of NYSE:UDR opened at $44.59 on Monday. The firm has a market cap of $11.97 billion, a price-to-earnings ratio of 23.84, a P/E/G ratio of 3.75 and a beta of 0.57. The company has a debt-to-equity ratio of 1.49, a quick ratio of 5.97 and a current ratio of 5.97. UDR, Inc. has a one year low of $32.88 and a one year high of $44.63.
The business also recently announced a quarterly dividend, which was paid on Thursday, January 31st. Shareholders of record on Thursday, January 10th were issued a dividend of $0.3225 per share. This represents a $1.29 dividend on an annualized basis and a yield of 2.89%. The ex-dividend date of this dividend was Wednesday, January 9th. UDR’s dividend payout ratio (DPR) is presently 68.98%.
In other UDR news, Director Lynne B. Sagalyn sold 5,000 shares of the stock in a transaction on Tuesday, December 11th. The stock was sold at an average price of $42.58, for a total transaction of $212,900.00. Following the sale, the director now owns 82,176 shares in the company, valued at approximately $3,499,054.08. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Thomas W. Toomey sold 40,000 shares of the stock in a transaction on Wednesday, November 14th. The shares were sold at an average price of $41.20, for a total value of $1,648,000.00. Following the sale, the chief executive officer now owns 1,746,826 shares in the company, valued at approximately $71,969,231.20. The disclosure for this sale can be found here. In the last quarter, insiders have sold 65,000 shares of company stock worth $2,665,500. 3.16% of the stock is owned by insiders.
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UDR Company 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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