Andra AP fonden Has $3.89 Million Stock Holdings in UDR, Inc. (NYSE:UDR)

Andra AP fonden reduced its position in shares of UDR, Inc. (NYSE:UDR) by 27.2% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 89,665 shares of the real estate investment trust’s stock after selling 33,535 shares during the period. Andra AP fonden’s holdings in UDR were worth $3,892,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Asset Management One Co. Ltd. raised its stake in UDR by 7.9% in the 4th quarter. Asset Management One Co. Ltd. now owns 587,772 shares of the real estate investment trust’s stock valued at $25,515,000 after acquiring an additional 42,926 shares during the period. MQS Management LLC purchased a new position in shares of UDR in the third quarter worth about $712,000. Los Angeles Capital Management LLC raised its position in shares of UDR by 1,665.3% in the third quarter. Los Angeles Capital Management LLC now owns 369,448 shares of the real estate investment trust’s stock valued at $16,751,000 after purchasing an additional 348,520 shares during the period. JPMorgan Chase & Co. lifted its stake in shares of UDR by 5.0% during the 3rd quarter. JPMorgan Chase & Co. now owns 7,774,541 shares of the real estate investment trust’s stock valued at $352,498,000 after buying an additional 368,087 shares in the last quarter. Finally, Principal Financial Group Inc. boosted its holdings in UDR by 45.7% in the 4th quarter. Principal Financial Group Inc. now owns 512,540 shares of the real estate investment trust’s stock worth $22,249,000 after buying an additional 160,708 shares during the period. Hedge funds and other institutional investors own 97.84% of the company’s stock.

UDR Price Performance

UDR opened at $44.43 on Friday. The company has a current ratio of 5.61, a quick ratio of 5.91 and a debt-to-equity ratio of 1.71. The stock has a market capitalization of $14.71 billion, a P/E ratio of 177.72, a PEG ratio of 8.67 and a beta of 0.88. The stock has a 50-day moving average price of $42.47 and a 200-day moving average price of $43.79. UDR, Inc. has a 12-month low of $35.14 and a 12-month high of $47.55.

UDR (NYSE:UDR) last issued its earnings results on Wednesday, February 5th. The real estate investment trust reported $0.63 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.10 by $0.53. UDR had a return on equity of 2.65% and a net margin of 5.36%. Equities analysts predict that UDR, Inc. will post 2.51 earnings per share for the current fiscal year.

UDR Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, January 31st. Investors of record on Thursday, January 9th were given a $0.425 dividend. This represents a $1.70 dividend on an annualized basis and a yield of 3.83%. The ex-dividend date was Friday, January 10th. UDR’s payout ratio is presently 680.00%.

Insiders Place Their Bets

In other news, CEO Thomas W. Toomey sold 25,000 shares of the business’s stock in a transaction dated Thursday, February 20th. The stock was sold at an average price of $42.75, for a total value of $1,068,750.00. Following the completion of the sale, the chief executive officer now owns 824,716 shares of the company’s stock, valued at approximately $35,256,609. The trade was a 2.94 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 3.73% of the stock is currently owned by insiders.

Analysts Set New Price Targets

UDR has been the topic of several recent research reports. Zelman & Associates restated a “neutral” rating on shares of UDR in a research report on Thursday, February 13th. Evercore ISI increased their price objective on UDR from $43.00 to $45.00 and gave the stock an “in-line” rating in a report on Monday, February 10th. StockNews.com raised UDR from a “sell” rating to a “hold” rating in a report on Thursday, February 6th. Mizuho lowered their price target on shares of UDR from $47.00 to $45.00 and set a “neutral” rating on the stock in a report on Monday, January 6th. Finally, Scotiabank raised their price objective on shares of UDR from $48.00 to $49.00 and gave the company a “sector perform” rating in a research report on Friday, February 14th. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat, UDR has a consensus rating of “Hold” and a consensus target price of $46.18.

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.