UDR Inc. (UDR) Shares Sold by Markston International LLC
Markston International LLC decreased its stake in shares of UDR Inc. (NYSE:UDR) by 0.1% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 365,488 shares of the real estate investment trust’s stock after selling 400 shares during the period. UDR makes up about 1.3% of Markston International LLC’s holdings, making the stock its 22nd largest position. Markston International LLC owned 0.14% of UDR worth $13,493,000 as of its most recent SEC filing.
Several other large investors have also made changes to their positions in UDR. Capital Fund Management S.A. purchased a new position in shares of UDR during the second quarter valued at about $7,985,000. Conning Inc. purchased a new position in shares of UDR during the second quarter valued at about $207,000. Strs Ohio raised its position in shares of UDR by 0.3% in the second quarter. Strs Ohio now owns 441,031 shares of the real estate investment trust’s stock valued at $16,282,000 after buying an additional 1,504 shares during the last quarter. Bank of Montreal Can purchased a new position in shares of UDR during the second quarter valued at about $9,576,000. Finally, Shell Asset Management Co. raised its position in shares of UDR by 8.7% in the second quarter. Shell Asset Management Co. now owns 72,285 shares of the real estate investment trust’s stock valued at $2,669,000 after buying an additional 5,784 shares during the last quarter. Institutional investors own 98.22% of the company’s stock.
UDR Inc. (NYSE:UDR) traded up 0.90% during mid-day trading on Wednesday, reaching $36.98. The company’s stock had a trading volume of 1,188,846 shares. The firm has a market cap of $9.88 billion, a PE ratio of 47.47 and a beta of 0.69. UDR Inc. has a 12-month low of $32.90 and a 12-month high of $38.61. The company has a 50-day moving average price of $36.04 and a 200-day moving average price of $36.26.
UDR (NYSE:UDR) last posted its quarterly earnings results on Tuesday, July 26th. The real estate investment trust reported $0.44 earnings per share for the quarter, hitting the consensus estimate of $0.44. The company had revenue of $238.79 million for the quarter, compared to the consensus estimate of $235.77 million. UDR had a return on equity of 7.15% and a net margin of 21.86%. The firm’s quarterly revenue was up 10.6% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.41 EPS. On average, equities research analysts expect that UDR Inc. will post $1.78 earnings per share for the current year.
The business also recently declared a quarterly dividend, which will be paid on Monday, October 31st. Investors of record on Tuesday, October 11th will be paid a $0.295 dividend. The ex-dividend date is Thursday, October 6th. This represents a $1.18 annualized dividend and a dividend yield of 3.19%. UDR’s payout ratio is currently 155.26%.
Several research analysts have issued reports on the company. BTIG Research assumed coverage on UDR in a report on Thursday, August 25th. They issued a “buy” rating and a $42.00 price target on the stock. Zacks Investment Research upgraded UDR from a “sell” rating to a “hold” rating in a report on Friday, August 5th. Citigroup Inc. increased their price target on UDR from $37.00 to $38.00 and gave the stock a “neutral” rating in a report on Tuesday, August 2nd. Mizuho upgraded UDR from a “neutral” rating to a “buy” rating and increased their price target for the stock from $37.00 to $41.00 in a report on Monday, August 1st. Finally, Cantor Fitzgerald reiterated a “buy” rating and issued a $39.50 price target on shares of UDR in a report on Monday, July 18th. Three analysts have rated the stock with a sell rating, ten have assigned a hold rating and six have assigned a buy rating to the stock. The company has a consensus rating of “Hold” and an average target price of $38.71.
In other UDR news, Director Clinton D. Mcdonnough acquired 2,000 shares of the stock in a transaction that occurred on Wednesday, August 24th. The shares were acquired at an average cost of $35.65 per share, with a total value of $71,300.00. Following the transaction, the director now owns 4,000 shares of the company’s stock, valued at approximately $142,600. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Harry G. Alcock sold 7,500 shares of the company’s stock in a transaction that occurred on Thursday, August 4th. The shares were sold at an average price of $36.97, for a total value of $277,275.00. Following the completion of the transaction, the senior vice president now directly owns 120,145 shares in the company, valued at $4,441,760.65. The disclosure for this sale can be found here. 2.79% of the stock is owned by corporate insiders.
UDR Company Profile
UDR, Inc is a real estate investment trust. The Company owns, operates, acquires, renovates, develops, redevelops and manages multifamily apartment communities generally located in various markets across the United States. The Company operates through two segments: Same-Store Communities and Non-Mature Communities/Other.
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