UDR Inc. (UDR) Stake Raised by Sumitomo Mitsui Trust Holdings Inc.
Sumitomo Mitsui Trust Holdings Inc. boosted its stake in UDR Inc. (NYSE:UDR) by 0.0% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 994,172 shares of the real estate investment trust’s stock after buying an additional 356 shares during the period. Sumitomo Mitsui Trust Holdings Inc. owned about 0.37% of UDR worth $36,705,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Daiwa Securities Group Inc. raised its position in UDR by 29.1% in the second quarter. Daiwa Securities Group Inc. now owns 16,911,460 shares of the real estate investment trust’s stock valued at $624,371,000 after buying an additional 3,810,916 shares during the last quarter. State Street Corp raised its stake in shares of UDR by 23.2% in the first quarter. State Street Corp now owns 15,357,401 shares of the real estate investment trust’s stock worth $591,718,000 after buying an additional 2,890,977 shares in the last quarter. Geode Capital Management LLC raised its stake in shares of UDR by 34.2% in the first quarter. Geode Capital Management LLC now owns 2,704,883 shares of the real estate investment trust’s stock worth $104,049,000 after buying an additional 688,748 shares in the last quarter. Renaissance Technologies LLC raised its stake in shares of UDR by 60.1% in the first quarter. Renaissance Technologies LLC now owns 1,890,898 shares of the real estate investment trust’s stock worth $72,856,000 after buying an additional 709,598 shares in the last quarter. Finally, Legal & General Group Plc raised its stake in shares of UDR by 104.9% in the first quarter. Legal & General Group Plc now owns 1,649,613 shares of the real estate investment trust’s stock worth $63,547,000 after buying an additional 844,689 shares in the last quarter. 98.22% of the stock is owned by institutional investors.
UDR Inc. (NYSE:UDR) traded up 0.21% during trading on Wednesday, hitting $33.83. 1,210,751 shares of the stock traded hands. The company has a market cap of $9.03 billion, a P/E ratio of 43.43 and a beta of 0.52. The company’s 50 day moving average price is $35.20 and its 200 day moving average price is $35.93. UDR Inc. has a 12 month low of $32.90 and a 12 month high of $38.61.
UDR (NYSE:UDR) last issued its quarterly earnings data on Tuesday, July 26th. The real estate investment trust reported $0.44 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.44. The firm earned $238.79 million during 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 company’s quarterly revenue was up 10.6% on a year-over-year basis. During the same period last year, the company earned $0.41 EPS. On average, equities research analysts anticipate that UDR Inc. will post $1.78 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, October 31st. Investors of record on Tuesday, October 11th will be given a dividend of $0.295 per share. This represents a $1.18 dividend on an annualized basis and a dividend yield of 3.49%. The ex-dividend date of this dividend is Thursday, October 6th. UDR’s payout ratio is 155.26%.
UDR has been the subject of a number of recent analyst reports. Zacks Investment Research raised shares of UDR from a “sell” rating to a “hold” rating in a research note on Wednesday, June 22nd. Cantor Fitzgerald reissued a “buy” rating and set a $39.50 target price on shares of UDR in a research note on Monday, July 18th. BTIG Research initiated coverage on shares of UDR in a research note on Thursday, August 25th. They set a “buy” rating and a $42.00 target price for the company. Mizuho raised shares of UDR from a “neutral” rating to a “buy” rating and boosted their target price for the company from $37.00 to $41.00 in a research note on Monday, August 1st. Finally, Citigroup Inc. boosted their target price on shares of UDR from $37.00 to $38.00 and gave the company a “neutral” rating in a research note on Tuesday, August 2nd. Three 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 stock. The company has a consensus rating of “Hold” and a consensus price target of $38.63.
In related news, VP Warren L. Troupe sold 15,000 shares of the firm’s stock in a transaction dated Wednesday, September 28th. The stock was sold at an average price of $36.70, for a total transaction of $550,500.00. Following the completion of the transaction, the vice president now directly owns 562,903 shares in the company, valued at approximately $20,658,540.10. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Clinton D. Mcdonnough bought 2,000 shares of the stock in a transaction that occurred on Wednesday, August 24th. The shares were purchased at an average price of $35.65 per share, with a total value of $71,300.00. Following the completion of the acquisition, the director now directly owns 4,000 shares in the company, valued at $142,600. The disclosure for this purchase can be found here. Corporate insiders own 2.79% of the company’s stock.
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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