Handelsbanken Fonder AB Sells 4,100 Shares of UDR, Inc. (NYSE:UDR)

Handelsbanken Fonder AB decreased its stake in shares of UDR, Inc. (NYSE:UDR) by 4.6% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 85,800 shares of the real estate investment trust’s stock after selling 4,100 shares during the period. Handelsbanken Fonder AB’s holdings in UDR were worth $3,725,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Asset Management One Co. Ltd. lifted its holdings in UDR by 7.9% during the 4th quarter. Asset Management One Co. Ltd. now owns 587,772 shares of the real estate investment trust’s stock valued at $25,515,000 after buying an additional 42,926 shares in the last quarter. International Assets Investment Management LLC increased its position 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 purchasing an additional 43,253 shares during the period. Los Angeles Capital Management LLC increased its position in UDR by 1,665.3% during the 3rd quarter. Los Angeles Capital Management LLC now owns 369,448 shares of the real estate investment trust’s stock valued at $16,751,000 after purchasing an additional 348,520 shares during the period. MQS Management LLC purchased a new position in UDR during the 3rd quarter valued at about $712,000. Finally, JPMorgan Chase & Co. increased its position in UDR by 5.0% during the 3rd quarter. JPMorgan Chase & Co. now owns 7,774,541 shares of the real estate investment trust’s stock valued at $352,498,000 after purchasing an additional 368,087 shares during the period. Institutional investors own 97.84% of the company’s stock.

Insider Buying and Selling

In other UDR news, CEO Thomas W. Toomey sold 25,000 shares of the company’s stock in a transaction dated Thursday, February 20th. The shares were 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 directly 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 document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 3.73% of the company’s stock.

UDR Stock Performance

Shares of UDR opened at $42.84 on Monday. The company has a debt-to-equity ratio of 1.71, a quick ratio of 5.91 and a current ratio of 5.61. The stock has a market capitalization of $14.19 billion, a P/E ratio of 171.36, a P/E/G ratio of 8.67 and a beta of 0.88. The company’s fifty day moving average is $42.27 and its two-hundred day moving average is $43.59. UDR, Inc. has a 1 year low of $34.76 and a 1 year high of $47.55.

UDR (NYSE:UDR) last issued its earnings results on Wednesday, February 5th. The real estate investment trust reported $0.63 EPS for the quarter, topping the consensus estimate of $0.10 by $0.53. UDR had a net margin of 5.36% and a return on equity of 2.65%. On average, sell-side analysts predict that UDR, Inc. will post 2.51 earnings per share for the current year.

UDR Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, January 31st. Investors of record on Thursday, January 9th were given a $0.425 dividend. The ex-dividend date of this dividend was Friday, January 10th. This represents a $1.70 annualized dividend and a dividend yield of 3.97%. UDR’s dividend payout ratio is presently 680.00%.

Analysts Set New Price Targets

A number of research analysts have commented on UDR shares. Zelman & Associates reissued a “neutral” rating on shares of UDR in a research report on Thursday, February 13th. Royal Bank of Canada raised their target price on shares of UDR from $43.00 to $44.00 and gave the company a “sector perform” rating in a research report on Friday, February 7th. Wells Fargo & Company cut their price objective on shares of UDR from $48.00 to $45.00 and set an “overweight” rating on the stock in a research report on Friday, January 24th. Jefferies Financial Group downgraded shares of UDR from a “buy” rating to a “hold” rating and cut their price objective for the stock from $50.00 to $45.00 in a research report on Thursday, January 2nd. Finally, StockNews.com raised shares of UDR from a “sell” rating to a “hold” rating in a research report on Thursday, February 6th. One analyst has rated the stock with a sell rating, ten have assigned a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $46.18.

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.