Amalgamated Bank Sells 1,441 Shares of UDR, Inc. (NYSE:UDR)

Amalgamated Bank cut its position in UDR, Inc. (NYSE:UDR) by 2.4% in the 4th quarter, Holdings Channel.com reports. The firm owned 59,011 shares of the real estate investment trust’s stock after selling 1,441 shares during the period. Amalgamated Bank’s holdings in UDR were worth $2,562,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in UDR. FMR LLC raised its holdings in UDR by 14.8% in the 3rd quarter. FMR LLC now owns 11,401,026 shares of the real estate investment trust’s stock valued at $516,923,000 after buying an additional 1,471,855 shares during the last quarter. JPMorgan Chase & Co. increased its holdings in UDR by 5.0% in the third 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. Daiwa Securities Group Inc. raised its position in shares of UDR by 2.3% during the third quarter. Daiwa Securities Group Inc. now owns 7,109,980 shares of the real estate investment trust’s stock worth $322,366,000 after acquiring an additional 159,625 shares during the last quarter. Charles Schwab Investment Management Inc. raised its holdings in UDR by 2.8% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 4,272,032 shares of the real estate investment trust’s stock worth $193,694,000 after purchasing an additional 117,213 shares during the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in shares of UDR by 862.3% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 3,086,964 shares of the real estate investment trust’s stock valued at $139,963,000 after purchasing an additional 2,766,172 shares during the period. 97.84% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at UDR

In related news, CEO Thomas W. Toomey sold 25,000 shares of UDR stock in a transaction on 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 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 document filed with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 3.73% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have weighed in on UDR shares. Zelman & Associates reaffirmed a “neutral” rating on shares of UDR in a research note on Thursday, February 13th. Scotiabank increased their price target on shares of UDR from $48.00 to $49.00 and gave the company a “sector perform” rating in a research report on Friday, February 14th. Wells Fargo & Company lowered their target price on UDR from $48.00 to $45.00 and set an “overweight” rating on the stock in a research note on Friday, January 24th. StockNews.com upgraded shares of UDR from a “sell” rating to a “hold” rating in a research report on Thursday, February 6th. Finally, Barclays decreased their price objective on UDR from $50.00 to $48.00 and set an “overweight” rating on the stock in a research note on Friday, January 24th. One investment analyst has rated the stock with a sell rating, ten have given a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $46.18.

UDR Stock Up 1.9 %

UDR opened at $45.17 on Friday. The business’s fifty day simple moving average is $42.32 and its 200 day simple moving average is $43.68. UDR, Inc. has a 52 week low of $34.99 and a 52 week high of $47.55. The company has a quick ratio of 5.91, a current ratio of 5.61 and a debt-to-equity ratio of 1.71. The stock has a market cap of $14.96 billion, a PE ratio of 180.69, a P/E/G ratio of 8.67 and a beta of 0.88.

UDR (NYSE:UDR) last announced its quarterly earnings data 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, research analysts expect that UDR, Inc. will post 2.51 earnings per share for the current fiscal year.

UDR Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, January 31st. Shareholders of record on Thursday, January 9th were paid a dividend of $0.425 per share. This represents a $1.70 annualized dividend and a dividend yield of 3.76%. The ex-dividend date was Friday, January 10th. UDR’s dividend payout ratio (DPR) is presently 680.00%.

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.