Crews Bank & Trust Takes Position in UDR, Inc. (NYSE:UDR)

Crews Bank & Trust acquired a new stake in UDR, Inc. (NYSE:UDR) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 1,742 shares of the real estate investment trust’s stock, valued at approximately $76,000.

A number of other hedge funds have also recently modified their holdings of the company. Forsta AP Fonden boosted its holdings in UDR by 56.4% in the 4th quarter. Forsta AP Fonden now owns 152,000 shares of the real estate investment trust’s stock valued at $6,598,000 after purchasing an additional 54,800 shares during the last quarter. Vert Asset Management LLC raised its position in shares of UDR by 6.1% during the 4th quarter. Vert Asset Management LLC now owns 137,862 shares of the real estate investment trust’s stock valued at $5,985,000 after buying an additional 7,879 shares during the period. IRON Financial LLC lifted its holdings in UDR by 3.0% in the fourth quarter. IRON Financial LLC now owns 17,674 shares of the real estate investment trust’s stock valued at $767,000 after acquiring an additional 511 shares during the last quarter. Pacer Advisors Inc. grew its position in UDR by 36.3% in the fourth quarter. Pacer Advisors Inc. now owns 31,003 shares of the real estate investment trust’s stock worth $1,346,000 after acquiring an additional 8,253 shares during the period. Finally, Blue Trust Inc. increased its stake in UDR by 41.5% during the fourth quarter. Blue Trust Inc. now owns 4,843 shares of the real estate investment trust’s stock worth $220,000 after acquiring an additional 1,421 shares during the last quarter. Hedge funds and other institutional investors own 97.84% of the company’s stock.

Analyst Upgrades and Downgrades

UDR has been the subject of a number of research analyst reports. Barclays lowered their price target on UDR from $50.00 to $48.00 and set an “overweight” rating for the company in a report on Friday, January 24th. StockNews.com cut shares of UDR from a “hold” rating to a “sell” rating in a research report on Thursday, January 2nd. Mizuho decreased their price objective 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. Royal Bank of Canada dropped their target price on shares of UDR from $46.00 to $45.00 and set a “sector perform” rating for the company in a report on Tuesday, November 5th. Finally, Jefferies Financial Group cut UDR from a “buy” rating to a “hold” rating and decreased their price target for the stock from $50.00 to $45.00 in a research note on Thursday, January 2nd. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $46.06.

UDR Stock Performance

Shares of UDR opened at $41.74 on Friday. The company has a quick ratio of 5.91, a current ratio of 5.91 and a debt-to-equity ratio of 1.69. The stock has a 50 day moving average price of $43.09 and a 200 day moving average price of $43.40. The company has a market capitalization of $13.77 billion, a price-to-earnings ratio of 112.81, a price-to-earnings-growth ratio of 11.12 and a beta of 0.89. UDR, Inc. has a 52-week low of $34.19 and a 52-week high of $47.55.

UDR Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, January 31st. Shareholders of record on Thursday, January 9th were issued a dividend of $0.425 per share. This represents a $1.70 annualized dividend and a dividend yield of 4.07%. The ex-dividend date was Friday, January 10th. UDR’s payout ratio is 459.47%.

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.