Crossmark Global Holdings Inc. increased its position in shares of UDR, Inc. (NYSE:UDR) by 2.0% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 17,766 shares of the real estate investment trust’s stock after buying an additional 340 shares during the period. Crossmark Global Holdings Inc.’s holdings in UDR were worth $808,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. Oakbrook Investments LLC increased its holdings in UDR by 2.4% during the first quarter. Oakbrook Investments LLC now owns 13,044 shares of the real estate investment trust’s stock worth $593,000 after buying an additional 300 shares during the last quarter. LPL Financial LLC increased its holdings in UDR by 3.2% during the fourth quarter. LPL Financial LLC now owns 10,585 shares of the real estate investment trust’s stock worth $419,000 after buying an additional 326 shares during the last quarter. Csenge Advisory Group increased its holdings in UDR by 4.0% during the fourth quarter. Csenge Advisory Group now owns 8,671 shares of the real estate investment trust’s stock worth $343,000 after buying an additional 335 shares during the last quarter. Mackenzie Financial Corp increased its holdings in UDR by 5.9% during the fourth quarter. Mackenzie Financial Corp now owns 8,003 shares of the real estate investment trust’s stock worth $317,000 after buying an additional 443 shares during the last quarter. Finally, World Asset Management Inc increased its holdings in UDR by 2.7% during the first quarter. World Asset Management Inc now owns 20,075 shares of the real estate investment trust’s stock worth $913,000 after buying an additional 532 shares during the last quarter. Institutional investors and hedge funds own 97.52% of the company’s stock.
NYSE:UDR opened at $44.62 on Thursday. UDR, Inc. has a one year low of $34.48 and a one year high of $45.92. The firm has a market capitalization of $12.51 billion, a price-to-earnings ratio of 22.77, a P/E/G ratio of 3.84 and a beta of 0.54. The company has a debt-to-equity ratio of 1.23, a quick ratio of 6.64 and a current ratio of 6.64.
UDR (NYSE:UDR) last released its quarterly earnings data on Tuesday, April 30th. The real estate investment trust reported $0.08 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.50 by ($0.42). UDR had a net margin of 13.70% and a return on equity of 5.38%. The company had revenue of $270.67 million during the quarter, compared to analyst estimates of $267.41 million. During the same quarter in the prior year, the firm earned $0.30 earnings per share. UDR’s revenue for the quarter was up 6.9% on a year-over-year basis. On average, analysts predict that UDR, Inc. will post 2.06 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Tuesday, April 30th. Investors of record on Tuesday, April 9th were paid a $0.3425 dividend. The ex-dividend date of this dividend was Monday, April 8th. This is an increase from UDR’s previous quarterly dividend of $0.32. This represents a $1.37 annualized dividend and a dividend yield of 3.07%. UDR’s dividend payout ratio is 69.90%.
In related news, VP Warren L. Troupe sold 50,000 shares of the company’s stock in a transaction dated Friday, February 15th. The shares were sold at an average price of $44.66, for a total value of $2,233,000.00. Following the transaction, the vice president now directly owns 495,761 shares in the company, valued at $22,140,686.26. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CAO Tracy L. Hofmeister sold 1,500 shares of the company’s stock in a transaction dated Friday, May 10th. The shares were sold at an average price of $44.09, for a total transaction of $66,135.00. Following the completion of the transaction, the chief accounting officer now owns 10,295 shares in the company, valued at $453,906.55. The disclosure for this sale can be found here. Insiders sold 145,789 shares of company stock worth $6,537,611 over the last 90 days. 2.85% of the stock is currently owned by corporate insiders.
UDR has been the topic of a number of recent analyst reports. Zacks Investment Research downgraded shares of UDR from a “hold” rating to a “sell” rating in a report on Wednesday, February 13th. Goldman Sachs Group downgraded shares of UDR from a “neutral” rating to a “sell” rating and decreased their price objective for the company from $43.00 to $39.00 in a report on Monday, March 11th. BMO Capital Markets reiterated a “hold” rating and issued a $49.00 price objective on shares of UDR in a report on Monday, March 25th. Barclays reiterated a “hold” rating and issued a $46.00 price objective on shares of UDR in a report on Tuesday, April 16th. Finally, TheStreet downgraded shares of UDR from a “b” rating to a “c” rating in a report on Tuesday, April 30th. Three analysts have rated the stock with a sell rating, seven have assigned a hold rating and five have assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average price target of $44.00.
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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.
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