Aew Capital Management L P Lowers Stake in UDR, Inc. (NYSE:UDR)

Aew Capital Management L P decreased its position in shares of UDR, Inc. (NYSE:UDR) by 88.9% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 243,368 shares of the real estate investment trust’s stock after selling 1,939,823 shares during the quarter. Aew Capital Management L P’s holdings in UDR were worth $10,565,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of UDR. Asset Management One Co. Ltd. raised its holdings in UDR by 7.9% in 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 acquiring an additional 42,926 shares during the last quarter. International Assets Investment Management LLC increased its stake in UDR by 4,436.2% in the third 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 last quarter. Los Angeles Capital Management LLC increased its stake in UDR by 1,665.3% in the third 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 last quarter. MQS Management LLC purchased a new position in UDR during the third quarter worth about $712,000. Finally, JPMorgan Chase & Co. boosted its stake in UDR by 5.0% in the 3rd quarter. JPMorgan Chase & Co. now owns 7,774,541 shares of the real estate investment trust’s stock worth $352,498,000 after buying an additional 368,087 shares during the last quarter. Institutional investors and hedge funds own 97.84% of the company’s stock.

Insider Buying and Selling at UDR

In other news, CEO Thomas W. Toomey sold 25,000 shares of UDR stock in a transaction dated 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 sale, the chief executive officer now directly owns 824,716 shares of the company’s stock, valued at approximately $35,256,609. The trade was a 2.94 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 3.73% of the stock is currently owned by corporate insiders.

UDR Price Performance

Shares of NYSE UDR opened at $45.17 on Friday. The company has a debt-to-equity ratio of 1.71, a current ratio of 5.61 and a quick ratio of 5.91. UDR, Inc. has a 1-year low of $34.99 and a 1-year high of $47.55. The company has a market capitalization of $14.96 billion, a price-to-earnings ratio of 180.69, a PEG ratio of 8.67 and a beta of 0.88. The business has a 50-day moving average of $42.32 and a 200-day moving average of $43.66.

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

UDR Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, January 31st. Shareholders of record on Thursday, January 9th were issued a $0.425 dividend. The ex-dividend date was Friday, January 10th. This represents a $1.70 dividend on an annualized basis and a yield of 3.76%. UDR’s dividend payout ratio is currently 680.00%.

Analyst Upgrades and Downgrades

UDR has been the topic of several recent analyst reports. Barclays cut their price objective on shares of UDR from $50.00 to $48.00 and set an “overweight” rating on the stock in a report on Friday, January 24th. Jefferies Financial Group lowered shares of UDR from a “buy” rating to a “hold” rating and dropped their price target for the stock from $50.00 to $45.00 in a research report on Thursday, January 2nd. Evercore ISI lifted their price target 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. Zelman & Associates reissued a “neutral” rating on shares of UDR in a research note on Thursday, February 13th. Finally, Royal Bank of Canada increased their target price on UDR from $43.00 to $44.00 and gave the stock a “sector perform” rating in a research report on Friday, February 7th. One equities research 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’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $46.18.

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.