UDR, Inc. (NYSE:UDR) Shares Sold by Commonwealth Equity Services LLC

Commonwealth Equity Services LLC trimmed its holdings in shares of UDR, Inc. (NYSE:UDR) by 0.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 51,548 shares of the real estate investment trust’s stock after selling 469 shares during the period. Commonwealth Equity Services LLC’s holdings in UDR were worth $2,238,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in UDR. Cerity Partners LLC lifted its position in UDR by 0.6% during the third quarter. Cerity Partners LLC now owns 128,712 shares of the real estate investment trust’s stock valued at $5,836,000 after purchasing an additional 798 shares during the period. Algert Global LLC acquired a new position in shares of UDR in the 3rd quarter valued at about $442,000. FMR LLC boosted its stake in shares of UDR by 14.8% in the third quarter. FMR LLC now owns 11,401,026 shares of the real estate investment trust’s stock worth $516,923,000 after buying an additional 1,471,855 shares during the last quarter. Brooklyn Investment Group acquired a new stake in UDR during the third quarter worth about $33,000. Finally, BNP Paribas Financial Markets raised its position in UDR by 52.7% during the third quarter. BNP Paribas Financial Markets now owns 412,282 shares of the real estate investment trust’s stock valued at $18,693,000 after acquiring an additional 142,329 shares in the last quarter. 97.84% of the stock is owned by hedge funds and other institutional investors.

UDR Stock Down 0.3 %

UDR stock opened at $44.24 on Friday. The company has a current ratio of 5.61, a quick ratio of 5.91 and a debt-to-equity ratio of 1.71. The firm has a 50-day moving average of $43.00 and a two-hundred day moving average of $43.77. UDR, Inc. has a 12 month low of $35.14 and a 12 month high of $47.55. The company has a market cap of $14.65 billion, a price-to-earnings ratio of 176.94, a PEG ratio of 8.67 and a beta of 0.88.

UDR (NYSE:UDR) last posted its quarterly earnings results on Wednesday, February 5th. The real estate investment trust reported $0.63 EPS for the quarter, beating the consensus estimate of $0.10 by $0.53. UDR had a return on equity of 2.65% and a net margin of 5.36%. As a group, analysts forecast that UDR, Inc. will post 2.51 earnings per share for the current fiscal year.

UDR Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Thursday, April 10th will be issued a dividend of $0.43 per share. This represents a $1.72 annualized dividend and a dividend yield of 3.89%. The ex-dividend date is Thursday, April 10th. This is a positive change from UDR’s previous quarterly dividend of $0.43. UDR’s payout ratio is currently 688.00%.

Analysts Set New Price Targets

A number of brokerages have recently commented on UDR. Barclays dropped their price objective on shares of UDR from $50.00 to $48.00 and set an “overweight” rating on the stock in a research note on Friday, January 24th. Evercore ISI lifted their price objective on shares of UDR from $43.00 to $45.00 and gave the company an “in-line” rating in a report on Monday, February 10th. Royal Bank of Canada increased their target price on shares of UDR from $43.00 to $44.00 and gave the stock a “sector perform” rating in a research note on Friday, February 7th. Scotiabank lifted their price target on UDR from $48.00 to $49.00 and gave the company a “sector perform” rating in a research note on Friday, February 14th. Finally, Mizuho lowered their price target on UDR from $47.00 to $45.00 and set a “neutral” rating on the stock in a research report on Monday, January 6th. One equities research analyst has rated the stock with a sell rating, eleven have given a hold rating and seven have given a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $46.12.

Insider Activity

In other news, CEO Thomas W. Toomey sold 25,000 shares of the firm’s stock in a transaction that occurred on Thursday, February 20th. The shares were sold at an average price of $42.75, for a total transaction of $1,068,750.00. Following the completion of the sale, the chief executive officer now owns 824,716 shares in the company, valued at $35,256,609. This trade represents a 2.94 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 3.73% of the company’s stock.

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.