NN Investment Partners Holdings N.V. bought a new stake in UDR, Inc. (NYSE:UDR) in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 10,959 shares of the real estate investment trust’s stock, valued at approximately $443,000.
Other large investors have also made changes to their positions in the company. Piedmont Investment Advisors LLC purchased a new stake in shares of UDR in the second quarter valued at about $118,000. Point72 Hong Kong Ltd raised its holdings in shares of UDR by 1,406.2% in the second quarter. Point72 Hong Kong Ltd now owns 3,886 shares of the real estate investment trust’s stock valued at $146,000 after buying an additional 3,628 shares during the last quarter. Lourd Capital LLC purchased a new stake in shares of UDR in the third quarter valued at about $217,000. CAPROCK Group Inc. purchased a new stake in shares of UDR in the third quarter valued at about $219,000. Finally, Qube Research & Technologies Ltd raised its holdings in shares of UDR by 1,900.0% in the second quarter. Qube Research & Technologies Ltd now owns 6,280 shares of the real estate investment trust’s stock valued at $236,000 after buying an additional 5,966 shares during the last quarter. 95.60% of the stock is owned by institutional investors and hedge funds.
In other UDR news, insider Jerry A. Davis sold 10,000 shares of the stock in a transaction dated Monday, October 1st. The shares were sold at an average price of $40.44, for a total value of $404,400.00. Following the completion of the transaction, the insider now directly owns 224,669 shares of the company’s stock, valued at $9,085,614.36. The sale was disclosed in a filing with the SEC, which is available at this link. Also, VP Warren L. Troupe sold 40,000 shares of the stock in a transaction dated Wednesday, August 22nd. The shares were sold at an average price of $39.10, for a total transaction of $1,564,000.00. Following the completion of the transaction, the vice president now directly owns 549,634 shares of the company’s stock, valued at $21,490,689.40. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 104,773 shares of company stock valued at $4,157,729. 3.16% of the stock is currently owned by corporate insiders.
NYSE UDR opened at $40.53 on Thursday. The stock has a market cap of $10.73 billion, a P/E ratio of 20.71, a PEG ratio of 3.40 and a beta of 0.32. UDR, Inc. has a 52-week low of $32.88 and a 52-week high of $41.13. The company has a debt-to-equity ratio of 1.49, a current ratio of 5.97 and a quick ratio of 5.97.
UDR (NYSE:UDR) last issued its earnings results on Monday, October 29th. The real estate investment trust reported $0.07 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $0.07. UDR had a net margin of 18.43% and a return on equity of 7.09%. The company had revenue of $266.10 million during the quarter, compared to analysts’ expectations of $258.90 million. During the same period last year, the company posted $0.06 earnings per share. The firm’s quarterly revenue was up 6.0% compared to the same quarter last year. As a group, sell-side analysts predict that UDR, Inc. will post 1.95 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Wednesday, October 31st. Shareholders of record on Wednesday, October 10th were issued a $0.3323 dividend. The ex-dividend date of this dividend was Tuesday, October 9th. This is a boost from UDR’s previous quarterly dividend of $0.32. This represents a $1.33 dividend on an annualized basis and a yield of 3.28%. UDR’s dividend payout ratio (DPR) is 68.98%.
UDR has been the subject of several analyst reports. Societe Generale initiated coverage on shares of UDR in a report on Tuesday, October 16th. They set a “sell” rating for the company. Evercore ISI cut shares of UDR from an “in-line” rating to an “underperform” rating in a report on Sunday, October 21st. Barclays reissued a “hold” rating and set a $39.00 price target on shares of UDR in a report on Sunday, October 14th. Stifel Nicolaus increased their price target on shares of UDR from $40.00 to $43.00 and gave the stock a “buy” rating in a report on Tuesday, September 25th. Finally, Robert W. Baird reissued a “buy” rating and set a $40.00 price target on shares of UDR in a report on Thursday, August 16th. Two investment analysts have rated the stock with a sell rating, nine have issued a hold rating and six have assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus price target of $39.57.
COPYRIGHT VIOLATION WARNING: “NN Investment Partners Holdings N.V. Buys New Holdings in UDR, Inc. (UDR)” was published by Macon Daily and is the sole property of of Macon Daily. If you are viewing this news story on another site, it was stolen and reposted in violation of United States & international trademark & copyright legislation. The original version of this news story can be read at https://macondaily.com/2018/11/08/nn-investment-partners-holdings-n-v-buys-new-holdings-in-udr-inc-udr.html.
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 properties in targeted U.S.
Read More: How does a reverse stock split work?
Receive News & Ratings for UDR Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for UDR and related companies with MarketBeat.com's FREE daily email newsletter.