Lighthouse Investment Partners LLC Has $1.39 Million Stock Position in UDR, Inc. (NYSE:UDR)

Lighthouse Investment Partners LLC lowered its position in shares of UDR, Inc. (NYSE:UDR) by 89.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 31,909 shares of the real estate investment trust’s stock after selling 258,091 shares during the quarter. Lighthouse Investment Partners LLC’s holdings in UDR were worth $1,385,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of the company. Focus Partners Wealth acquired a new position in UDR during the 4th quarter worth approximately $2,364,000. Ensign Peak Advisors Inc boosted its position in UDR by 7.0% during the 4th quarter. Ensign Peak Advisors Inc now owns 106,704 shares of the real estate investment trust’s stock worth $4,632,000 after acquiring an additional 6,971 shares during the last quarter. Deutsche Bank AG boosted its position in UDR by 56.6% during the 4th quarter. Deutsche Bank AG now owns 1,451,122 shares of the real estate investment trust’s stock worth $62,993,000 after acquiring an additional 524,623 shares during the last quarter. Crestline Management LP acquired a new position in UDR during the 4th quarter worth approximately $3,582,000. Finally, Captrust Financial Advisors boosted its position in UDR by 9.3% during the 4th quarter. Captrust Financial Advisors now owns 21,139 shares of the real estate investment trust’s stock worth $918,000 after acquiring an additional 1,794 shares during the last quarter. Institutional investors and hedge funds own 97.84% of the company’s stock.

Insiders Place Their Bets

In other UDR news, CEO Thomas W. Toomey sold 25,000 shares of the 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 $35,256,609. This trade represents a 2.94% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 3.39% of the company’s stock.

UDR Stock Down 2.1%

UDR stock opened at $41.66 on Wednesday. The company has a debt-to-equity ratio of 1.71, a current ratio of 5.61 and a quick ratio of 5.91. The stock has a market capitalization of $13.80 billion, a price-to-earnings ratio of 166.64, a PEG ratio of 8.67 and a beta of 0.84. The business’s fifty day moving average price is $42.35 and its two-hundred day moving average price is $42.97. UDR, Inc. has a fifty-two week low of $36.61 and a fifty-two week high of $47.55.

UDR (NYSE:UDR) last posted its quarterly earnings data on Wednesday, April 30th. The real estate investment trust reported $0.61 earnings per share for the quarter, hitting the consensus estimate of $0.61. The firm had revenue of $419.84 million for the quarter, compared to analysts’ expectations of $421.23 million. UDR had a return on equity of 2.65% and a net margin of 5.36%. The company’s quarterly revenue was up 2.0% compared to the same quarter last year. During the same quarter last year, the business earned $0.61 EPS. On average, equities analysts anticipate that UDR, Inc. will post 2.51 earnings per share for the current year.

UDR Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, April 30th. Shareholders of record on Thursday, April 10th were given a dividend of $0.43 per share. This is a boost from UDR’s previous quarterly dividend of $0.43. The ex-dividend date of this dividend was Thursday, April 10th. This represents a $1.72 annualized dividend and a yield of 4.13%. UDR’s dividend payout ratio (DPR) is presently 491.43%.

Analyst Ratings Changes

A number of brokerages have recently issued reports on UDR. Evercore ISI upped their price objective on UDR from $43.00 to $45.00 and gave the stock an “in-line” rating in a research note on Monday, February 10th. Scotiabank upped their price objective on UDR from $48.00 to $49.00 and gave the stock a “sector perform” rating in a research note on Friday, February 14th. StockNews.com upgraded UDR from a “sell” rating to a “hold” rating in a research note on Thursday, February 6th. Royal Bank of Canada upped their price objective on UDR from $43.00 to $44.00 and gave the stock a “sector perform” rating in a research note on Thursday, May 8th. Finally, Wells Fargo & Company dropped their price objective on UDR from $48.00 to $45.00 and set an “overweight” rating on the stock in a research note on Friday, January 24th. One equities research analyst has rated the stock with a sell rating, eleven have issued a hold rating and seven have issued a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $46.29.

UDR Company 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.