CIBC Asset Management Inc Acquires 2,067 Shares of UDR, Inc. (NYSE:UDR)

CIBC Asset Management Inc boosted its holdings in UDR, Inc. (NYSE:UDR) by 4.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 46,704 shares of the real estate investment trust’s stock after purchasing an additional 2,067 shares during the period. CIBC Asset Management Inc’s holdings in UDR were worth $2,027,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Asset Management One Co. Ltd. grew its holdings in shares of UDR by 7.9% in the 4th quarter. Asset Management One Co. Ltd. now owns 587,772 shares of the real estate investment trust’s stock valued at $25,515,000 after acquiring an additional 42,926 shares in the last quarter. International Assets Investment Management LLC boosted its position in UDR by 4,436.2% during the third quarter. International Assets Investment Management LLC now owns 44,228 shares of the real estate investment trust’s stock valued at $2,005,000 after purchasing an additional 43,253 shares during the last quarter. Los Angeles Capital Management LLC grew its stake in UDR by 1,665.3% in the third quarter. Los Angeles Capital Management LLC now owns 369,448 shares of the real estate investment trust’s stock valued at $16,751,000 after purchasing an additional 348,520 shares in the last quarter. MQS Management LLC acquired a new position in shares of UDR during the 3rd quarter worth approximately $712,000. Finally, JPMorgan Chase & Co. raised its stake in shares of UDR by 5.0% during the 3rd quarter. JPMorgan Chase & Co. now owns 7,774,541 shares of the real estate investment trust’s stock worth $352,498,000 after purchasing an additional 368,087 shares in the last quarter. 97.84% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on UDR shares. Jefferies Financial Group cut shares of UDR from a “buy” rating to a “hold” rating and decreased their target price for the company from $50.00 to $45.00 in a research note on Thursday, January 2nd. Barclays decreased their price objective on shares of UDR from $50.00 to $48.00 and set an “overweight” rating for the company in a research report on Friday, January 24th. Mizuho dropped their target price on shares of UDR from $47.00 to $45.00 and set a “neutral” rating on the stock in a report on Monday, January 6th. Wells Fargo & Company reduced their price target on UDR from $48.00 to $45.00 and set an “overweight” rating for the company in a report on Friday, January 24th. Finally, Zelman & Associates restated a “neutral” rating on shares of UDR in a research note on Thursday, February 13th. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $46.18.

Insiders Place Their Bets

In other news, CEO Thomas W. Toomey sold 25,000 shares of the stock in a transaction on Thursday, February 20th. The stock was sold at an average price of $42.75, for a total transaction of $1,068,750.00. Following the sale, the chief executive officer now directly owns 824,716 shares of the company’s stock, valued at approximately $35,256,609. This represents a 2.94 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Corporate insiders own 3.73% of the company’s stock.

UDR Trading Down 0.4 %

Shares of UDR stock opened at $42.84 on Friday. The company has a debt-to-equity ratio of 1.71, a quick ratio of 5.91 and a current ratio of 5.61. The firm has a 50-day moving average of $42.31 and a 200-day moving average of $43.55. UDR, Inc. has a 52-week low of $34.76 and a 52-week high of $47.55. The stock has a market cap of $14.19 billion, a PE ratio of 171.36, a PEG ratio of 8.59 and a beta of 0.88.

UDR (NYSE:UDR) last posted its quarterly earnings data on Wednesday, February 5th. The real estate investment trust reported $0.63 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.10 by $0.53. UDR had a net margin of 5.36% and a return on equity of 2.65%. As a group, sell-side analysts forecast that UDR, Inc. will post 2.51 EPS for the current year.

UDR Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, January 31st. Shareholders of record on Thursday, January 9th were paid a dividend of $0.425 per share. The ex-dividend date was Friday, January 10th. This represents a $1.70 dividend on an annualized basis and a yield of 3.97%. UDR’s dividend payout ratio (DPR) is presently 680.00%.

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 communities in targeted U.S.