Meiji Yasuda Asset Management Co Ltd. trimmed its position in UDR, Inc. (NYSE:UDR) by 56.4% during the 1st quarter, Holdings Channel reports. The firm owned 33,739 shares of the real estate investment trust’s stock after selling 43,639 shares during the period. Meiji Yasuda Asset Management Co Ltd.’s holdings in UDR were worth $1,534,000 as of its most recent filing with the SEC.

A number of other large investors have also recently made changes to their positions in UDR. Cornerstone Advisors Inc. raised its stake in shares of UDR by 66.8% in the first quarter. Cornerstone Advisors Inc. now owns 577 shares of the real estate investment trust’s stock worth $26,000 after buying an additional 231 shares during the period. Oregon Public Employees Retirement Fund raised its stake in shares of UDR by 3,986.5% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 1,198,148 shares of the real estate investment trust’s stock worth $30,000 after buying an additional 1,168,828 shares during the period. Capital Investment Advisory Services LLC bought a new position in shares of UDR in the fourth quarter worth about $55,000. Pearl River Capital LLC bought a new position in shares of UDR in the fourth quarter worth about $87,000. Finally, Advisory Services Network LLC raised its stake in shares of UDR by 29.7% in the fourth quarter. Advisory Services Network LLC now owns 3,138 shares of the real estate investment trust’s stock worth $124,000 after buying an additional 718 shares during the period. 97.71% of the stock is currently owned by institutional investors and hedge funds.

Several research analysts have recently commented on the company. TheStreet downgraded UDR from a “b” rating to a “c” rating in a research note on Tuesday, April 30th. Zacks Investment Research downgraded UDR from a “buy” rating to a “hold” rating in a research note on Wednesday, May 15th. Goldman Sachs Group downgraded UDR from a “neutral” rating to a “sell” rating and decreased their price objective for the stock from $43.00 to $39.00 in a research note on Monday, March 11th. Barclays reaffirmed a “hold” rating and issued a $46.00 price objective on shares of UDR in a research note on Tuesday, April 16th. Finally, BMO Capital Markets reaffirmed a “hold” rating and issued a $49.00 price objective on shares of UDR in a research note on Monday, March 25th. Three analysts have rated the stock with a sell rating, seven have issued a hold rating and four have issued a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus price target of $44.20.

In related news, COO Jerry A. Davis sold 10,000 shares of UDR stock in a transaction that occurred on Monday, April 1st. The stock was sold at an average price of $45.39, for a total transaction of $453,900.00. Following the sale, the chief operating officer now owns 203,065 shares of the company’s stock, valued at approximately $9,217,120.35. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Chairman Thomas W. Toomey sold 50,000 shares of UDR stock in a transaction that occurred on Monday, March 18th. The shares were sold at an average price of $45.06, for a total value of $2,253,000.00. Following the sale, the chairman now directly owns 1,682,826 shares in the company, valued at approximately $75,828,139.56. The disclosure for this sale can be found here. Insiders have sold a total of 94,750 shares of company stock worth $4,262,568 in the last three months. 2.85% of the stock is owned by corporate insiders.

UDR traded up $0.09 on Wednesday, hitting $46.13. 40,730 shares of the company’s stock traded hands, compared to its average volume of 1,344,155. The company has a market capitalization of $13.00 billion, a PE ratio of 23.49, a price-to-earnings-growth ratio of 3.97 and a beta of 0.50. UDR, Inc. has a one year low of $36.00 and a one year high of $46.57. The company has a current ratio of 6.64, a quick ratio of 6.64 and a debt-to-equity ratio of 1.23.

UDR (NYSE:UDR) last issued its earnings results on Tuesday, April 30th. The real estate investment trust reported $0.08 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.50 by ($0.42). The business had revenue of $270.67 million for the quarter, compared to the consensus estimate of $267.41 million. UDR had a net margin of 13.70% and a return on equity of 5.38%. The firm’s revenue for the quarter was up 6.9% compared to the same quarter last year. During the same period last year, the business posted $0.30 EPS. Equities research analysts predict that UDR, Inc. will post 2.06 earnings per share for the current year.

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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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