Cullen Frost Bankers Inc. Has $857,000 Stock Holdings in UDR, Inc. (NYSE:UDR)


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Cullen Frost Bankers Inc. grew its position in UDR, Inc. (NYSE:UDR) by 2,687.5% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 22,300 shares of the real estate investment trust’s stock after purchasing an additional 21,500 shares during the period. Cullen Frost Bankers Inc.’s holdings in UDR were worth $857,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Berman Capital Advisors LLC raised its holdings in UDR by 72.0% in the third quarter. Berman Capital Advisors LLC now owns 879 shares of the real estate investment trust’s stock worth $28,000 after purchasing an additional 368 shares during the period. Perigon Wealth Management LLC acquired a new stake in shares of UDR during the fourth quarter worth $28,000. Prospera Financial Services Inc acquired a new stake in shares of UDR during the third quarter worth $36,000. International Assets Investment Management LLC acquired a new stake in UDR in the 4th quarter valued at $54,000. Finally, Meeder Asset Management Inc. increased its stake in UDR by 31.9% in the 3rd quarter. Meeder Asset Management Inc. now owns 1,921 shares of the real estate investment trust’s stock valued at $63,000 after buying an additional 465 shares during the last quarter. Institutional investors own 97.37% of the company’s stock.

UDR has been the topic of several recent research reports. Evercore ISI upgraded shares of UDR from an “in-line” rating to an “outperform” rating and set a $42.00 price target on the stock in a research note on Monday, November 2nd. Wells Fargo & Company reissued a “buy” rating on shares of UDR in a research report on Friday, December 11th. BMO Capital Markets raised shares of UDR from a “market perform” rating to an “outperform” rating and lifted their target price for the stock from $39.00 to $43.00 in a report on Monday, January 11th. Piper Sandler raised shares of UDR from an “underweight” rating to a “neutral” rating and lifted their target price for the stock from $35.00 to $44.00 in a report on Thursday, February 11th. Finally, Mizuho lifted their target price on shares of UDR from $40.00 to $43.00 and gave the stock a “buy” rating in a report on Tuesday, November 10th. Two research analysts have rated the stock with a sell rating, four have issued a hold rating and eight have given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average price target of $41.64.

In other news, CEO Thomas W. Toomey sold 100,000 shares of the business’s stock in a transaction that occurred on Monday, January 4th. The shares were sold at an average price of $38.50, for a total value of $3,850,000.00. Following the completion of the transaction, the chief executive officer now directly owns 1,371,226 shares in the company, valued at approximately $52,792,201. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Thomas W. Toomey sold 120,000 shares of the business’s stock in a transaction that occurred on Thursday, January 14th. The shares were sold at an average price of $38.81, for a total transaction of $4,657,200.00. Following the completion of the transaction, the chief executive officer now owns 1,251,226 shares of the company’s stock, valued at $48,560,081.06. The disclosure for this sale can be found here. 2.69% of the stock is currently owned by insiders.

NYSE UDR opened at $42.44 on Tuesday. The company has a quick ratio of 4.55, a current ratio of 4.55 and a debt-to-equity ratio of 1.50. The company has a market capitalization of $12.50 billion, a P/E ratio of 96.46, a P/E/G ratio of 4.75 and a beta of 0.77. UDR, Inc. has a 12-month low of $29.20 and a 12-month high of $51.25. The firm has a 50-day moving average price of $39.63 and a two-hundred day moving average price of $36.71.

UDR (NYSE:UDR) last issued its earnings results on Tuesday, February 9th. The real estate investment trust reported $0.09 EPS for the quarter, missing the consensus estimate of $0.49 by ($0.40). The firm had revenue of $302.40 million during the quarter, compared to analyst estimates of $304.34 million. UDR had a net margin of 10.91% and a return on equity of 4.83%. UDR’s quarterly revenue was down .8% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.46 earnings per share. Equities analysts expect that UDR, Inc. will post 2.04 EPS for the current year.

The company also recently announced a quarterly dividend, which was paid on Monday, February 1st. Stockholders of record on Monday, January 11th were given a $0.36 dividend. This represents a $1.44 annualized dividend and a dividend yield of 3.39%. The ex-dividend date was Friday, January 8th. UDR’s payout ratio is presently 69.23%.

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.

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Institutional Ownership by Quarter for UDR (NYSE:UDR)

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