Proficio Capital Partners LLC Acquires New Holdings in UDR, Inc. (NYSE:UDR)

Proficio Capital Partners LLC acquired a new stake in shares of UDR, Inc. (NYSE:UDR) during the fourth quarter, HoldingsChannel.com reports. The institutional investor acquired 63,639 shares of the real estate investment trust’s stock, valued at approximately $2,763,000.

A number of other institutional investors also recently added to or reduced their stakes in UDR. Victory Capital Management Inc. boosted its position in UDR by 1.6% during the third quarter. Victory Capital Management Inc. now owns 97,190 shares of the real estate investment trust’s stock valued at $4,407,000 after purchasing an additional 1,537 shares in the last quarter. CIBC Asset Management Inc boosted its position in UDR by 7.5% during the third quarter. CIBC Asset Management Inc now owns 44,637 shares of the real estate investment trust’s stock valued at $2,024,000 after purchasing an additional 3,110 shares in the last quarter. Empowered Funds LLC boosted its position in UDR by 7.1% during the third quarter. Empowered Funds LLC now owns 5,246 shares of the real estate investment trust’s stock valued at $238,000 after purchasing an additional 350 shares in the last quarter. Natixis Advisors LLC boosted its position in UDR by 1.2% during the third quarter. Natixis Advisors LLC now owns 228,641 shares of the real estate investment trust’s stock valued at $10,367,000 after purchasing an additional 2,642 shares in the last quarter. Finally, Quest Partners LLC boosted its position in UDR by 471.5% during the third quarter. Quest Partners LLC now owns 5,206 shares of the real estate investment trust’s stock valued at $236,000 after purchasing an additional 4,295 shares in the last quarter. Institutional investors own 97.84% of the company’s stock.

Insider Activity at UDR

In other news, CEO Thomas W. Toomey sold 25,000 shares of the stock in a transaction dated Thursday, February 20th. The stock was sold at an average price of $42.75, for a total value of $1,068,750.00. Following the transaction, the chief executive officer now owns 824,716 shares in the company, valued at approximately $35,256,609. This represents a 2.94 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Company insiders own 3.73% of the company’s stock.

Analyst Ratings Changes

UDR has been the subject of several recent 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. Royal Bank of Canada raised their price target on UDR from $43.00 to $44.00 and gave the stock a “sector perform” rating in a report on Friday, February 7th. Wells Fargo & Company lowered their price target on UDR from $48.00 to $45.00 and set an “overweight” rating for the company in a report on Friday, January 24th. StockNews.com raised UDR from a “sell” rating to a “hold” rating in a report on Thursday, February 6th. Finally, Evercore ISI lifted their target price on UDR from $43.00 to $45.00 and gave the stock an “in-line” rating in a report on Monday, February 10th. One equities research analyst has rated the stock with a sell rating, eleven have assigned a hold rating and seven have given a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $46.12.

UDR Stock Down 1.1 %

UDR stock opened at $43.41 on Wednesday. The stock has a market capitalization of $14.37 billion, a PE ratio of 173.62, a price-to-earnings-growth ratio of 8.67 and a beta of 0.88. UDR, Inc. has a 12 month low of $35.14 and a 12 month high of $47.55. The business has a 50 day simple moving average of $42.59 and a 200-day simple moving average of $43.79. The company has a debt-to-equity ratio of 1.71, a current ratio of 5.61 and a quick ratio of 5.91.

UDR (NYSE:UDR) last released its quarterly earnings data on Wednesday, February 5th. The real estate investment trust reported $0.63 earnings per share for the quarter, topping 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%. On average, analysts anticipate that UDR, Inc. will post 2.51 EPS for the current fiscal year.

UDR Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 30th. Investors of record on Thursday, April 10th will be issued a $0.43 dividend. This represents a $1.72 annualized dividend and a dividend yield of 3.96%. The ex-dividend date of this dividend is Thursday, April 10th. This is an increase from UDR’s previous quarterly dividend of $0.43. UDR’s payout ratio is currently 688.00%.

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.