Algert Global LLC Grows Holdings in UDR, Inc. (NYSE:UDR)

Algert Global LLC increased its position in shares of UDR, Inc. (NYSE:UDR) by 23.1% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 12,000 shares of the real estate investment trust’s stock after purchasing an additional 2,250 shares during the quarter. Algert Global LLC’s holdings in UDR were worth $521,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in UDR. Smartleaf Asset Management LLC boosted its holdings in UDR by 68.7% during the fourth quarter. Smartleaf Asset Management LLC now owns 1,206 shares of the real estate investment trust’s stock worth $52,000 after purchasing an additional 491 shares during the last quarter. Salem Investment Counselors Inc. boosted its holdings in UDR by 62.7% during the fourth quarter. Salem Investment Counselors Inc. now owns 1,349 shares of the real estate investment trust’s stock worth $59,000 after purchasing an additional 520 shares during the last quarter. Catalyst Capital Advisors LLC purchased a new position in UDR during the fourth quarter worth about $63,000. Eastern Bank purchased a new position in UDR during the fourth quarter worth about $68,000. Finally, Crews Bank & Trust purchased a new position in UDR during the fourth quarter worth about $76,000. 97.84% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

UDR has been the topic of a number of research analyst reports. Barclays boosted their target price on shares of UDR from $48.00 to $51.00 and gave the company an “overweight” rating in a research note on Friday. Royal Bank of Canada boosted their target price on shares of UDR from $43.00 to $44.00 and gave the company a “sector perform” rating in a research note on Thursday. StockNews.com upgraded shares of UDR from a “sell” rating to a “hold” rating in a research note on Thursday, February 6th. Zelman & Associates reiterated a “neutral” rating on shares of UDR in a research note on Thursday, February 13th. Finally, Evercore ISI boosted their target price on shares of UDR from $43.00 to $45.00 and gave the company an “in-line” rating in a research note on Monday, February 10th. One analyst has rated the stock with a sell rating, eleven have issued a hold rating and seven have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, UDR presently has an average rating of “Hold” and a consensus target price of $46.29.

Insider Transactions at UDR

In other news, CEO Thomas W. Toomey sold 25,000 shares of the company’s 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 of the company’s stock, valued at approximately $35,256,609. This represents a 2.94% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders own 3.39% of the company’s stock.

UDR Trading Up 0.7%

Shares of UDR stock opened at $42.32 on Monday. The company’s fifty day simple moving average is $42.45 and its two-hundred day simple moving average is $42.99. 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 $36.61 and a 1 year high of $47.55. The stock has a market capitalization of $14.02 billion, a price-to-earnings ratio of 169.28, a PEG ratio of 8.67 and a beta of 0.84.

UDR (NYSE:UDR) last released its quarterly earnings results 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 net margin of 5.36% and a return on equity of 2.65%. The business’s quarterly revenue was up 2.0% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.61 earnings per share. As a group, analysts anticipate that UDR, Inc. will post 2.51 earnings per share for the current year.

UDR Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, April 30th. Stockholders of record on Thursday, April 10th were issued a $0.43 dividend. The ex-dividend date was Thursday, April 10th. This represents a $1.72 annualized dividend and a dividend yield of 4.06%. This is a boost from UDR’s previous quarterly dividend of $0.43. UDR’s dividend payout ratio is presently 491.43%.

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.