Kinneret Advisory LLC purchased a new stake in UDR, Inc. (NYSE:UDR) in the 4th quarter, according to its most recent disclosure with the SEC. The fund purchased 6,506 shares of the real estate investment trust’s stock, valued at approximately $258,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Capital Investment Advisory Services LLC bought a new stake in UDR in the 4th quarter valued at about $55,000. Pearl River Capital LLC bought a new stake in UDR in the 4th quarter valued at about $87,000. First Quadrant L P CA bought a new stake in UDR in the 4th quarter valued at about $91,000. Advisor Group Inc. lifted its position in UDR by 20.5% in the 4th quarter. Advisor Group Inc. now owns 4,099 shares of the real estate investment trust’s stock valued at $162,000 after purchasing an additional 697 shares during the last quarter. Finally, C M Bidwell & Associates Ltd. bought a new stake in UDR in the 3rd quarter valued at about $186,000. 97.49% of the stock is owned by institutional investors and hedge funds.

Several analysts recently weighed in on the stock. Zacks Investment Research downgraded shares of UDR from a “buy” rating to a “hold” rating in a research report on Thursday, December 6th. Robert W. Baird downgraded shares of UDR from an “outperform” rating to a “neutral” rating and set a $42.00 price objective on the stock. in a research report on Tuesday, November 20th. Goldman Sachs Group downgraded shares of UDR from a “neutral” rating to a “sell” rating and cut their price objective for the company from $43.00 to $39.00 in a research report on Monday. Royal Bank of Canada restated a “hold” rating and set a $41.00 price target on shares of UDR in a research report on Tuesday, November 20th. Finally, Capital One Financial initiated coverage on shares of UDR in a research report on Monday, November 19th. They set an “equal weight” rating and a $43.00 price target on the stock. Four analysts have rated the stock with a sell rating, eight have assigned a hold rating and five have assigned a buy rating to the company. The company currently has an average rating of “Hold” and a consensus target price of $41.31.

UDR stock opened at $45.33 on Friday. UDR, Inc. has a 52 week low of $34.03 and a 52 week high of $45.38. The stock has a market cap of $12.40 billion, a price-to-earnings ratio of 23.13, a P/E/G ratio of 3.85 and a beta of 0.55. The company has a debt-to-equity ratio of 1.23, a quick ratio of 7.61 and a current ratio of 7.61.

UDR (NYSE:UDR) last released its quarterly earnings results on Tuesday, February 12th. The real estate investment trust reported $0.30 EPS for the quarter, missing analysts’ consensus estimates of $0.49 by ($0.19). UDR had a return on equity of 7.50% and a net margin of 19.40%. The company had revenue of $264.73 million for the quarter, compared to the consensus estimate of $262.98 million. During the same quarter last year, the firm posted $0.25 earnings per share. The firm’s quarterly revenue was up 5.8% compared to the same quarter last year. On average, research analysts expect that UDR, Inc. will post 2.06 EPS for the current year.

In other news, COO Jerry A. Davis sold 10,000 shares of UDR stock in a transaction that occurred on Wednesday, January 2nd. The shares were sold at an average price of $39.24, for a total value of $392,400.00. Following the transaction, the chief operating officer now owns 214,669 shares of the company’s stock, valued at approximately $8,423,611.56. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Lynne B. Sagalyn sold 4,289 shares of UDR stock in a transaction that occurred on Friday, February 22nd. The stock was sold at an average price of $44.97, for a total transaction of $192,876.33. Following the completion of the transaction, the director now directly owns 81,852 shares in the company, valued at approximately $3,680,884.44. The disclosure for this sale can be found here. Insiders sold a total of 64,289 shares of company stock worth $2,818,276 in the last ninety days. Corporate insiders own 3.16% of the company’s stock.

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About UDR

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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Institutional Ownership by Quarter for UDR (NYSE:UDR)

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