UDR, Inc. (NYSE:UDR) Stake Boosted by Hudson Edge Investment Partners Inc.

Hudson Edge Investment Partners Inc. lifted its stake in shares of UDR, Inc. (NYSE:UDR) by 2.6% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 141,323 shares of the real estate investment trust’s stock after purchasing an additional 3,563 shares during the quarter. UDR comprises 1.1% of Hudson Edge Investment Partners Inc.’s portfolio, making the stock its 28th largest position. Hudson Edge Investment Partners Inc.’s holdings in UDR were worth $6,135,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also made changes to their positions in the company. Asset Management One Co. Ltd. increased its position in UDR by 7.9% in the fourth quarter. Asset Management One Co. Ltd. now owns 587,772 shares of the real estate investment trust’s stock worth $25,515,000 after buying an additional 42,926 shares during the period. International Assets Investment Management LLC boosted its stake in UDR by 4,436.2% during the 3rd 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 period. Los Angeles Capital Management LLC boosted its stake in UDR by 1,665.3% during the 3rd 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 during the period. MQS Management LLC bought a new position in UDR in the 3rd quarter worth about $712,000. Finally, JPMorgan Chase & Co. increased its stake in shares of UDR by 5.0% in the third quarter. JPMorgan Chase & Co. now owns 7,774,541 shares of the real estate investment trust’s stock valued at $352,498,000 after purchasing an additional 368,087 shares during the period. Institutional investors own 97.84% of the company’s stock.

Insider Activity

In other news, CEO Thomas W. Toomey sold 25,000 shares of the firm’s stock in a transaction on Thursday, February 20th. The stock was sold at an average price of $42.75, for a total value of $1,068,750.00. Following the completion of the sale, the chief executive officer now owns 824,716 shares of the company’s stock, valued at $35,256,609. This trade represents a 2.94 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. 3.73% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on UDR. Wells Fargo & Company reduced their price objective on UDR from $48.00 to $45.00 and set an “overweight” rating for the company in a research report on Friday, January 24th. Barclays decreased their price target on UDR from $50.00 to $48.00 and set an “overweight” rating for the company in a research note on Friday, January 24th. Jefferies Financial Group lowered UDR from a “buy” rating to a “hold” rating and lowered their price target for the company from $50.00 to $45.00 in a report on Thursday, January 2nd. Scotiabank upped their price objective on shares of UDR from $48.00 to $49.00 and gave the stock a “sector perform” rating in a report on Friday, February 14th. Finally, Mizuho lowered their target price on shares of UDR from $47.00 to $45.00 and set a “neutral” rating on the stock in a research note on Monday, January 6th. One investment analyst has rated the stock with a sell rating, ten have given a hold rating and eight have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $46.18.

UDR Price Performance

Shares of NYSE:UDR opened at $42.84 on Friday. The company has a market capitalization of $14.19 billion, a PE ratio of 171.36, a price-to-earnings-growth ratio of 8.67 and a beta of 0.88. 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 stock has a fifty day moving average of $42.31 and a 200-day moving average of $43.55. UDR, Inc. has a one year low of $34.76 and a one year high of $47.55.

UDR (NYSE:UDR) last announced its earnings results on Wednesday, February 5th. The real estate investment trust reported $0.63 EPS for the quarter, beating the consensus estimate of $0.10 by $0.53. UDR had a return on equity of 2.65% and a net margin of 5.36%. As a group, equities analysts anticipate that UDR, Inc. will post 2.51 EPS for the current fiscal year.

UDR Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, January 31st. Stockholders of record on Thursday, January 9th were given a $0.425 dividend. This represents a $1.70 annualized dividend and a dividend yield of 3.97%. The ex-dividend date was Friday, January 10th. UDR’s dividend payout ratio (DPR) is currently 680.00%.

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 communities in targeted U.S.