Catalyst Capital Advisors LLC Invests $63,000 in UDR, Inc. (NYSE:UDR)

Catalyst Capital Advisors LLC purchased a new position in UDR, Inc. (NYSE:UDR) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 1,451 shares of the real estate investment trust’s stock, valued at approximately $63,000.

Other hedge funds have also recently modified their holdings of the company. Asset Management One Co. Ltd. raised its stake in shares of 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 purchasing an additional 42,926 shares during the last quarter. International Assets Investment Management LLC increased 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 acquiring an additional 43,253 shares during the last quarter. Los Angeles Capital Management LLC increased its position in UDR by 1,665.3% during 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 acquiring an additional 348,520 shares during the last quarter. MQS Management LLC purchased a new stake in UDR during the third quarter valued at $712,000. Finally, JPMorgan Chase & Co. increased its position in UDR by 5.0% during 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 acquiring an additional 368,087 shares during the last quarter. Hedge funds and other institutional investors own 97.84% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on the company. Zelman & Associates reiterated a “neutral” rating on shares of UDR in a research report on Thursday, February 13th. Evercore ISI upped their price objective on UDR from $43.00 to $45.00 and gave the company an “in-line” rating in a research report on Monday, February 10th. Barclays reduced their price objective on UDR from $50.00 to $48.00 and set an “overweight” rating for the company in a research report on Friday, January 24th. Scotiabank upped their price objective on UDR from $48.00 to $49.00 and gave the company a “sector perform” rating in a research report on Friday, February 14th. Finally, Mizuho cut their price target on UDR from $47.00 to $45.00 and set a “neutral” rating for the company in a report on Monday, January 6th. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat.com, UDR currently has an average rating of “Hold” and a consensus target price of $46.18.

UDR Stock Performance

NYSE UDR opened at $43.04 on Wednesday. The firm has a market cap of $14.20 billion, a price-to-earnings ratio of 172.16, a price-to-earnings-growth ratio of 11.72 and a beta of 0.88. The company has a quick ratio of 5.91, a current ratio of 1.32 and a debt-to-equity ratio of 1.71. The business has a 50-day moving average price of $42.41 and a 200-day moving average price of $43.55. UDR, Inc. has a twelve month low of $34.76 and a twelve month high of $47.55.

UDR (NYSE:UDR) last released its quarterly earnings data on Wednesday, February 5th. The real estate investment trust reported $0.63 earnings per share for the quarter, topping analysts’ consensus estimates 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 research analysts predict that UDR, Inc. will post 2.51 EPS for the current fiscal year.

UDR Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, January 31st. Stockholders of record on Thursday, January 9th were paid a $0.425 dividend. This represents a $1.70 dividend on an annualized basis and a dividend yield of 3.95%. The ex-dividend date was Friday, January 10th. UDR’s dividend payout ratio (DPR) is 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.