RMR Advisors LLC maintained its position in UDR Inc. (NYSE:UDR) during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 39,000 shares of the real estate investment trust’s stock at the end of the third quarter. RMR Advisors LLC’s holdings in UDR were worth $1,404,000 at the end of the most recent reporting period.
Several other institutional investors have also bought and sold shares of the company. ING Groep NV raised its position in UDR by 53.8% in the second quarter. ING Groep NV now owns 9,406 shares of the real estate investment trust’s stock worth $347,000 after buying an additional 3,291 shares during the last quarter. Sumitomo Mitsui Asset Management Company LTD raised its position in UDR by 10.5% in the second quarter. Sumitomo Mitsui Asset Management Company LTD now owns 30,814 shares of the real estate investment trust’s stock worth $1,137,000 after buying an additional 2,926 shares during the last quarter. JPMorgan Chase & Co. raised its position in UDR by 7.8% in the second quarter. JPMorgan Chase & Co. now owns 243,483 shares of the real estate investment trust’s stock worth $8,989,000 after buying an additional 17,711 shares during the last quarter. Capital Fund Management S.A. acquired a new position in UDR during the second quarter worth approximately $7,985,000. Finally, National Pension Service raised its position in UDR by 9.4% in the third quarter. National Pension Service now owns 231,595 shares of the real estate investment trust’s stock worth $8,335,000 after buying an additional 19,969 shares during the last quarter. Institutional investors and hedge funds own 99.47% of the company’s stock.
UDR Inc. (NYSE:UDR) traded down 1.00% during midday trading on Thursday, reaching $35.71. The company’s stock had a trading volume of 1,061,835 shares. The firm has a market cap of $9.54 billion, a P/E ratio of 43.23 and a beta of 0.36. UDR Inc. has a 52 week low of $32.79 and a 52 week high of $38.61. The firm has a 50 day moving average price of $35.17 and a 200-day moving average price of $35.40.
UDR (NYSE:UDR) last released its quarterly earnings results on Tuesday, October 25th. The real estate investment trust reported $0.46 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.45 by $0.01. The firm had revenue of $243.25 million for the quarter, compared to analysts’ expectations of $239.85 million. UDR had a net margin of 22.79% and a return on equity of 7.52%. The business’s revenue was up 9.9% on a year-over-year basis. During the same period in the prior year, the firm earned $0.42 EPS. On average, analysts forecast that UDR Inc. will post $0.28 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Tuesday, January 31st. Shareholders of record on Tuesday, January 10th will be issued a $0.295 dividend. The ex-dividend date of this dividend is Friday, January 6th. This represents a $1.18 annualized dividend and a yield of 3.30%. UDR’s dividend payout ratio is currently 145.68%.
A number of equities analysts have recently commented on UDR shares. Evercore ISI upgraded UDR from a “hold” rating to a “buy” rating and set a $38.00 price objective on the stock in a research note on Monday, November 28th. JPMorgan Chase & Co. lowered UDR from an “overweight” rating to a “neutral” rating and dropped their price objective for the stock from $40.00 to $37.00 in a research note on Friday, December 16th. BMO Capital Markets lowered UDR from an “outperform” rating to a “market perform” rating and dropped their price objective for the stock from $38.00 to $35.00 in a research note on Tuesday, October 25th. Cantor Fitzgerald set a $39.00 price objective on UDR and gave the stock a “buy” rating in a research note on Tuesday, December 6th. Finally, Morgan Stanley downgraded UDR from an “equal weight” rating to an “underweight” rating in a research report on Monday, December 12th. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating and five have issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus price target of $38.55.
In other UDR news, SVP Harry G. Alcock sold 7,082 shares of the stock in a transaction dated Wednesday, December 21st. The shares were sold at an average price of $36.00, for a total value of $254,952.00. Following the transaction, the senior vice president now directly owns 113,063 shares of the company’s stock, valued at approximately $4,070,268. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Warren L. Troupe sold 15,000 shares of the stock in a transaction dated Tuesday, January 3rd. The shares were sold at an average price of $36.15, for a total transaction of $542,250.00. Following the completion of the transaction, the insider now directly owns 538,422 shares in the company, valued at $19,463,955.30. The disclosure for this sale can be found here. 2.79% of the stock is owned by corporate insiders.
UDR Company Profile
UDR, Inc is a real estate investment trust. The Company owns, operates, acquires, renovates, develops, redevelops and manages multifamily apartment communities generally located in various markets across the United States. The Company operates through two segments: Same-Store Communities and Non-Mature Communities/Other.
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