Partners in Financial Planning Acquires Shares of 12,368 UDR, Inc. (NYSE:UDR)

Partners in Financial Planning bought a new position in shares of UDR, Inc. (NYSE:UDR) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 12,368 shares of the real estate investment trust’s stock, valued at approximately $537,000.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Brooklyn Investment Group acquired a new stake in UDR during the 3rd quarter worth approximately $33,000. Continuum Advisory LLC raised its stake in shares of UDR by 5,335.3% during the third quarter. Continuum Advisory LLC now owns 924 shares of the real estate investment trust’s stock worth $41,000 after purchasing an additional 907 shares during the last quarter. Smartleaf Asset Management LLC raised its stake in shares of 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. grew its position in UDR by 62.7% in the 4th quarter. Salem Investment Counselors Inc. now owns 1,349 shares of the real estate investment trust’s stock valued at $59,000 after buying an additional 520 shares during the last quarter. Finally, Catalyst Capital Advisors LLC acquired a new position in UDR in the 4th quarter valued at $63,000. Hedge funds and other institutional investors own 97.84% of the company’s stock.

Insider Transactions at UDR

In related news, CEO Thomas W. Toomey sold 25,000 shares of the firm’s stock in a transaction that occurred on Thursday, February 20th. The shares were 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 owns 824,716 shares in the company, valued at approximately $35,256,609. This trade represents 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. Insiders own 3.73% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on UDR. Royal Bank of Canada lifted their target price on shares of UDR from $43.00 to $44.00 and gave the company a “sector perform” rating in a report on Friday, February 7th. StockNews.com raised UDR from a “sell” rating to a “hold” rating in a research note on Thursday, February 6th. Scotiabank raised their price target on UDR from $48.00 to $49.00 and gave the company a “sector perform” rating in a report on Friday, February 14th. Zelman & Associates reaffirmed a “neutral” rating on shares of UDR in a report on Thursday, February 13th. Finally, Mizuho reduced their target price on UDR from $47.00 to $45.00 and set a “neutral” rating for the company in a report on Monday, January 6th. One analyst has rated the stock with a sell rating, eleven have assigned a hold rating and seven have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $46.12.

UDR Trading Up 0.8 %

Shares of UDR opened at $44.56 on Monday. 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 $35.14 and a 1-year high of $47.55. The stock has a market cap of $14.75 billion, a price-to-earnings ratio of 178.22, a price-to-earnings-growth ratio of 8.67 and a beta of 0.88. The firm has a 50 day simple moving average of $43.06 and a 200-day simple moving average of $43.75.

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%. Equities analysts forecast that UDR, Inc. will post 2.51 EPS for the current fiscal year.

UDR Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, April 30th. Shareholders of record on Thursday, April 10th will be paid a dividend of $0.43 per share. This is a boost from UDR’s previous quarterly dividend of $0.43. This represents a $1.72 annualized dividend and a dividend yield of 3.86%. The ex-dividend date of this dividend is Thursday, April 10th. UDR’s dividend payout ratio (DPR) is currently 688.00%.

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.