Castellan Group Decreases Holdings in UDR, Inc. (NYSE:UDR)

Castellan Group decreased its stake in UDR, Inc. (NYSE:UDR) by 7.8% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 79,579 shares of the real estate investment trust’s stock after selling 6,686 shares during the quarter. UDR makes up 1.5% of Castellan Group’s holdings, making the stock its 28th biggest position. Castellan Group’s holdings in UDR were worth $3,455,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also modified their holdings of the stock. Activest Wealth Management purchased a new position in UDR in the 3rd quarter valued at about $27,000. Brooklyn Investment Group purchased a new position in shares of UDR in the third quarter valued at approximately $33,000. Continuum Advisory LLC increased its position in shares of UDR by 5,335.3% during the third quarter. Continuum Advisory LLC now owns 924 shares of the real estate investment trust’s stock worth $41,000 after purchasing an additional 907 shares in the last quarter. Salem Investment Counselors Inc. increased its position in shares of UDR by 62.7% during the fourth quarter. Salem Investment Counselors Inc. now owns 1,349 shares of the real estate investment trust’s stock worth $59,000 after purchasing an additional 520 shares in the last quarter. Finally, Eastern Bank acquired a new position in UDR in the 4th quarter valued at $68,000. Hedge funds and other institutional investors own 97.84% of the company’s stock.

UDR Stock Performance

NYSE:UDR opened at $42.56 on Thursday. UDR, Inc. has a fifty-two week low of $34.19 and a fifty-two week high of $47.55. The company has a debt-to-equity ratio of 1.71, a quick ratio of 5.91 and a current ratio of 1.32. The company has a 50 day moving average price of $42.56 and a 200 day moving average price of $43.48. The stock has a market capitalization of $14.04 billion, a P/E ratio of 170.24, a PEG ratio of 11.72 and a beta of 0.88.

UDR (NYSE:UDR) last released its quarterly earnings results on Wednesday, February 5th. The real estate investment trust reported $0.63 EPS for the quarter, topping 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%. Equities research analysts forecast that UDR, Inc. will post 2.51 EPS for the current year.

UDR Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, January 31st. Shareholders of record on Thursday, January 9th were given a $0.425 dividend. This represents a $1.70 annualized dividend and a yield of 3.99%. The ex-dividend date of this dividend was Friday, January 10th. UDR’s dividend payout ratio is currently 680.00%.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on UDR shares. Evercore ISI upped their target price on shares of UDR from $43.00 to $45.00 and gave the stock an “in-line” rating in a report on Monday. Barclays dropped their price objective on shares of 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 shares of UDR from a “buy” rating to a “hold” rating and decreased their target price for the stock from $50.00 to $45.00 in a research note on Thursday, January 2nd. Scotiabank lowered their target price on UDR from $49.00 to $48.00 and set a “sector perform” rating on the stock in a report on Thursday, November 14th. Finally, Royal Bank of Canada increased their price target on UDR from $43.00 to $44.00 and gave the company a “sector perform” rating in a report on Friday, February 7th. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating and eight have assigned a buy rating to the company’s stock. According to MarketBeat.com, UDR has an average rating of “Hold” and a consensus price target of $46.12.

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.