Tredje AP fonden Sells 24,988 Shares of UDR, Inc. (NYSE:UDR)

Tredje AP fonden reduced its holdings in UDR, Inc. (NYSE:UDR) by 50.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 24,988 shares of the real estate investment trust’s stock after selling 24,988 shares during the quarter. Tredje AP fonden’s holdings in UDR were worth $1,085,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Asset Management One Co. Ltd. increased its holdings 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 purchasing an additional 42,926 shares in the last quarter. Principal Financial Group Inc. increased its holdings in UDR by 45.7% in the fourth quarter. Principal Financial Group Inc. now owns 512,540 shares of the real estate investment trust’s stock worth $22,249,000 after purchasing an additional 160,708 shares in the last quarter. JPMorgan Chase & Co. increased its holdings in 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 worth $352,498,000 after purchasing an additional 368,087 shares in the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd increased its holdings in UDR by 7.0% in the fourth quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 95,344 shares of the real estate investment trust’s stock worth $4,139,000 after purchasing an additional 6,217 shares in the last quarter. Finally, Daiwa Securities Group Inc. increased its holdings in UDR by 2.3% in the third quarter. Daiwa Securities Group Inc. now owns 7,109,980 shares of the real estate investment trust’s stock worth $322,366,000 after purchasing an additional 159,625 shares in the last quarter. 97.84% of the stock is currently owned by institutional investors.

UDR Stock Up 1.7 %

UDR stock opened at $43.27 on Friday. The stock’s fifty day simple moving average is $42.49 and its two-hundred day simple moving average is $43.80. The company has a current ratio of 5.61, a quick ratio of 5.91 and a debt-to-equity ratio of 1.71. UDR, Inc. has a 1-year low of $35.14 and a 1-year high of $47.55. The stock has a market cap of $14.33 billion, a P/E ratio of 173.10, a P/E/G ratio of 8.67 and a beta of 0.88.

UDR (NYSE:UDR) last issued its quarterly earnings results on Wednesday, February 5th. The real estate investment trust reported $0.63 EPS for the quarter, beating 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%. Analysts expect that UDR, Inc. will post 2.51 EPS for the current year.

UDR Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Thursday, April 10th will be given a dividend of $0.43 per share. This represents a $1.72 dividend on an annualized basis and a dividend yield of 3.97%. The ex-dividend date is Thursday, April 10th. This is a boost from UDR’s previous quarterly dividend of $0.43. UDR’s dividend payout ratio is currently 680.00%.

Insider Activity

In other news, CEO Thomas W. Toomey sold 25,000 shares of the company’s 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 transaction, the chief executive officer now owns 824,716 shares of the company’s stock, valued at $35,256,609. This represents a 2.94 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 3.73% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have recently commented on the company. Barclays decreased their price objective on UDR from $50.00 to $48.00 and set an “overweight” rating for the company in a report on Friday, January 24th. Scotiabank boosted their price objective on UDR from $48.00 to $49.00 and gave the company a “sector perform” rating in a report on Friday, February 14th. Evercore ISI boosted their price objective on UDR from $43.00 to $45.00 and gave the company an “in-line” rating in a report on Monday, February 10th. StockNews.com upgraded UDR from a “sell” rating to a “hold” rating in a report on Thursday, February 6th. Finally, Royal Bank of Canada boosted their price objective on UDR from $43.00 to $44.00 and gave the company a “sector perform” rating in a report on Friday, February 7th. One investment analyst has rated the stock with a sell rating, eleven have issued a hold rating and seven have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $46.12.

About UDR

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.