Daiwa Securities Group Inc. trimmed its stake in UDR, Inc. (NYSE:UDR) by 2.5% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 13,984,024 shares of the real estate investment trust’s stock after selling 356,790 shares during the period. UDR comprises about 3.8% of Daiwa Securities Group Inc.’s investment portfolio, making the stock its 4th biggest position. Daiwa Securities Group Inc. owned about 0.05% of UDR worth $538,665,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other hedge funds and other institutional investors also recently bought and sold shares of UDR. WESCAP Management Group Inc. grew its position in UDR by 55.1% in the 3rd quarter. WESCAP Management Group Inc. now owns 10,949 shares of the real estate investment trust’s stock worth $416,000 after purchasing an additional 3,890 shares during the last quarter. ING Groep NV grew its position 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 worth $879,000 after purchasing an additional 9,448 shares during the last quarter. Norinchukin Bank The grew its position in UDR by 7.3% in the 3rd quarter. Norinchukin Bank The now owns 19,915 shares of the real estate investment trust’s stock worth $757,000 after purchasing an additional 1,360 shares during the last quarter. Parametric Portfolio Associates LLC grew its position in UDR by 10.4% in the 3rd quarter. Parametric Portfolio Associates LLC now owns 356,028 shares of the real estate investment trust’s stock worth $13,540,000 after purchasing an additional 33,449 shares during the last quarter. Finally, Bank of Montreal Can grew its position in UDR by 31.3% in the 4th quarter. Bank of Montreal Can now owns 617,633 shares of the real estate investment trust’s stock worth $23,792,000 after purchasing an additional 147,157 shares during the last quarter. Institutional investors own 96.75% of the company’s stock.
Several brokerages have recently weighed in on UDR. BMO Capital Markets set a $40.00 target price on shares of UDR and gave the company a “hold” rating in a research report on Tuesday, October 31st. Mizuho reiterated a “buy” rating and set a $43.00 target price on shares of UDR in a research report on Monday, November 6th. Royal Bank of Canada lifted their target price on shares of UDR from $39.00 to $40.00 and gave the company a “sector perform” rating in a research report on Wednesday, November 8th. SunTrust Banks lowered shares of UDR from a “buy” rating to a “hold” rating and set a $41.00 target price on the stock. in a research report on Wednesday, November 29th. Finally, Evercore ISI upgraded shares of UDR from an “underperform” rating to an “in-line” rating in a research report on Monday, December 11th. One analyst has rated the stock with a sell rating, twelve have given a hold rating and four have issued a buy rating to the company’s stock. UDR has an average rating of “Hold” and a consensus target price of $39.85.
Shares of UDR, Inc. (UDR) opened at $32.92 on Friday. The company has a current ratio of 4.93, a quick ratio of 5.45 and a debt-to-equity ratio of 1.32. UDR, Inc. has a 12-month low of $32.91 and a 12-month high of $40.71. The firm has a market cap of $9,052.39, a PE ratio of 18.08, a PEG ratio of 2.89 and a beta of 0.33.
UDR (NYSE:UDR) last released its quarterly earnings results on Tuesday, February 6th. The real estate investment trust reported $0.48 EPS for the quarter, meeting the Zacks’ consensus estimate of $0.48. The firm had revenue of $250.12 million for the quarter, compared to analyst estimates of $250.37 million. UDR had a net margin of 12.21% and a return on equity of 4.53%. The company’s revenue for the quarter was up 4.2% compared to the same quarter last year. During the same period in the previous year, the business earned $0.46 earnings per share. analysts anticipate that UDR, Inc. will post 1.95 earnings per share for the current year.
The company also recently declared a quarterly dividend, which was paid on Wednesday, January 31st. Shareholders of record on Wednesday, January 10th were given a $0.31 dividend. The ex-dividend date was Tuesday, January 9th. This represents a $1.24 dividend on an annualized basis and a yield of 3.77%. UDR’s dividend payout ratio (DPR) is presently 288.37%.
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.
Want to see what other hedge funds are holding UDR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for UDR, Inc. (NYSE:UDR).
Receive News & Ratings for UDR Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for UDR and related companies with MarketBeat.com's FREE daily email newsletter.