Chilton Capital Management LLC trimmed its holdings in UDR, Inc. (NYSE:UDR) by 1.2% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 225,651 shares of the real estate investment trust’s stock after selling 2,639 shares during the quarter. Chilton Capital Management LLC’s holdings in UDR were worth $8,692,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors have also added to or reduced their stakes in the stock. BlackRock Inc. boosted its holdings in UDR by 1.2% in the 4th quarter. BlackRock Inc. now owns 29,344,904 shares of the real estate investment trust’s stock valued at $1,130,365,000 after purchasing an additional 354,311 shares during the period. Meag Munich Ergo Kapitalanlagegesellschaft MBH bought a new position in UDR in the 4th quarter valued at $498,000. ING Groep NV boosted its holdings in UDR by 69.1% in the 3rd quarter. ING Groep NV now owns 23,124 shares of the real estate investment trust’s stock valued at $879,000 after purchasing an additional 9,448 shares during the period. Aperio Group LLC boosted its holdings in UDR by 3.9% in the 4th quarter. Aperio Group LLC now owns 81,877 shares of the real estate investment trust’s stock valued at $3,154,000 after purchasing an additional 3,042 shares during the period. Finally, Fox Run Management L.L.C. boosted its holdings in UDR by 51.8% in the 4th quarter. Fox Run Management L.L.C. now owns 8,500 shares of the real estate investment trust’s stock valued at $327,000 after purchasing an additional 2,900 shares during the period. Institutional investors and hedge funds own 96.61% of the company’s stock.
Several research analysts have commented on the stock. BMO Capital Markets reissued a “hold” rating and issued a $38.00 price target on shares of UDR in a report on Friday, March 2nd. Robert W. Baird set a $38.00 price target on shares of UDR and gave the company a “buy” rating in a report on Friday, March 2nd. Cantor Fitzgerald reissued an “overweight” rating and issued a $40.00 price target (down from $42.00) on shares of UDR in a report on Wednesday, February 21st. SunTrust Banks set a $38.00 price objective on shares of UDR and gave the stock a “hold” rating in a report on Monday, February 12th. Finally, Mizuho set a $38.00 price objective on shares of UDR and gave the stock a “buy” rating in a report on Friday, February 9th. Twelve research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. UDR presently has an average rating of “Hold” and an average price target of $38.92.
In related news, CEO Thomas W. Toomey sold 20,000 shares of UDR stock in a transaction on Friday, December 15th. The shares were sold at an average price of $39.20, for a total value of $784,000.00. Following the transaction, the chief executive officer now owns 1,127,925 shares in the company, valued at approximately $44,214,660. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 3.07% of the stock is owned by company insiders.
Shares of UDR, Inc. (UDR) opened at $33.88 on Wednesday. UDR, Inc. has a fifty-two week low of $32.88 and a fifty-two week high of $40.71. The company has a current ratio of 4.93, a quick ratio of 4.93 and a debt-to-equity ratio of 1.32. The stock has a market cap of $9,070.00, a price-to-earnings ratio of 125.48, a PEG ratio of 3.10 and a beta of 0.41.
UDR (NYSE:UDR) last posted its quarterly earnings data on Tuesday, February 6th. The real estate investment trust reported $0.48 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.48. The company had revenue of $250.12 million during the quarter, compared to the consensus estimate of $250.37 million. UDR had a net margin of 12.21% and a return on equity of 4.53%. The firm’s revenue was up 4.2% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.46 EPS. research analysts predict that UDR, Inc. will post 1.93 earnings per share for the current fiscal year.
UDR, Inc is a self-administered real estate investment trust. The Company owns, operates, acquires, renovates, develops, redevelops, disposes of and manages multifamily apartment communities generally located in various markets across the United States. The Company’s segments are Same-Store Communities and Non-Mature Communities/Other.
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