Allianz Asset Management GmbH Increases Stake in UDR, Inc. (NYSE:UDR)

Allianz Asset Management GmbH raised its stake in shares of UDR, Inc. (NYSE:UDR) by 6.7% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 1,032,799 shares of the real estate investment trust’s stock after acquiring an additional 64,714 shares during the period. Allianz Asset Management GmbH’s holdings in UDR were worth $44,834,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in UDR. Blue Trust Inc. grew its holdings in UDR by 229.0% during the 3rd quarter. Blue Trust Inc. now owns 3,422 shares of the real estate investment trust’s stock valued at $155,000 after buying an additional 2,382 shares in the last quarter. Sequoia Financial Advisors LLC purchased a new stake in UDR during the 3rd quarter valued at approximately $313,000. International Assets Investment Management LLC grew its holdings in UDR by 4,436.2% during the 3rd quarter. International Assets Investment Management LLC now owns 44,228 shares of the real estate investment trust’s stock valued at $2,005,000 after buying an additional 43,253 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. grew its holdings in UDR by 18.4% during the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 71,024 shares of the real estate investment trust’s stock valued at $3,195,000 after buying an additional 11,047 shares in the last quarter. Finally, Wealth Enhancement Advisory Services LLC grew its holdings in UDR by 17.8% during the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 9,242 shares of the real estate investment trust’s stock valued at $419,000 after buying an additional 1,395 shares in the last quarter. 97.84% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities research analysts have issued reports on UDR shares. Jefferies Financial Group lowered shares of UDR from a “buy” rating to a “hold” rating and cut their price objective for the company from $50.00 to $45.00 in a report on Thursday, January 2nd. Zelman & Associates reiterated a “neutral” rating on shares of UDR in a research report on Thursday, February 13th. Barclays lowered their target price on UDR from $50.00 to $48.00 and set an “overweight” rating for the company in a research report on Friday, January 24th. Royal Bank of Canada increased their target price on UDR from $43.00 to $44.00 and gave the company a “sector perform” rating in a research report on Friday, February 7th. Finally, Mizuho lowered their target price on UDR from $47.00 to $45.00 and set a “neutral” rating for the company in a research report on Monday, January 6th. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $46.18.

UDR Stock Down 0.4 %

NYSE:UDR opened at $42.84 on Friday. UDR, Inc. has a twelve month low of $34.76 and a twelve month high of $47.55. The company has a market cap of $14.19 billion, a price-to-earnings ratio of 171.36, a price-to-earnings-growth ratio of 8.67 and a beta of 0.88. The stock has a fifty day simple moving average of $42.27 and a 200-day simple moving average of $43.57. The company has a current ratio of 5.61, a quick ratio of 5.91 and a debt-to-equity ratio of 1.71.

UDR (NYSE:UDR) last announced 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%. Analysts anticipate that UDR, Inc. will post 2.51 EPS for the current year.

UDR Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, January 31st. Stockholders of record on Thursday, January 9th were paid a dividend of $0.425 per share. The ex-dividend date was Friday, January 10th. This represents a $1.70 annualized dividend and a dividend yield of 3.97%. UDR’s dividend payout ratio is currently 680.00%.

Insider Activity

In other news, CEO Thomas W. Toomey sold 25,000 shares of the firm’s stock in a transaction on Thursday, February 20th. The stock was sold at an average price of $42.75, for a total transaction 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 trade represents a 2.94 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Insiders own 3.73% of the company’s stock.

UDR Profile

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.