Skandinaviska Enskilda Banken AB publ lifted its stake in UDR, Inc. (NYSE:UDR) by 12.4% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 60,055 shares of the real estate investment trust’s stock after purchasing an additional 6,617 shares during the period. Skandinaviska Enskilda Banken AB publ’s holdings in UDR were worth $2,194,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. First Horizon Advisors Inc. increased its position in shares of UDR by 60.9% during the first quarter. First Horizon Advisors Inc. now owns 1,107 shares of the real estate investment trust’s stock valued at $40,000 after buying an additional 419 shares during the period. CSat Investment Advisory L.P. boosted its position in UDR by 25.1% during the 4th quarter. CSat Investment Advisory L.P. now owns 1,280 shares of the real estate investment trust’s stock valued at $60,000 after acquiring an additional 257 shares in the last quarter. Orion Portfolio Solutions LLC bought a new position in shares of UDR in the 4th quarter worth approximately $66,000. CWM Advisors LLC purchased a new position in shares of UDR in the 1st quarter valued at approximately $70,000. Finally, Private Capital Group LLC boosted its position in shares of UDR by 80.2% during the first quarter. Private Capital Group LLC now owns 2,006 shares of the real estate investment trust’s stock valued at $73,000 after purchasing an additional 893 shares in the last quarter. 99.36% of the stock is currently owned by hedge funds and other institutional investors.

In other UDR news, CEO Thomas W. Toomey sold 30,000 shares of the business’s stock in a transaction dated Friday, June 5th. The shares were sold at an average price of $40.73, for a total value of $1,221,900.00. Following the completion of the sale, the chief executive officer now directly owns 1,501,226 shares of the company’s stock, valued at approximately $61,144,934.98. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, SVP Harry G. Alcock sold 10,000 shares of the company’s stock in a transaction dated Monday, June 8th. The stock was sold at an average price of $42.50, for a total transaction of $425,000.00. Following the completion of the transaction, the senior vice president now owns 77,261 shares in the company, valued at $3,283,592.50. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 50,000 shares of company stock valued at $2,046,900. 2.69% of the stock is owned by company insiders.

Several equities analysts have commented on the company. Zacks Investment Research lowered UDR from a “hold” rating to a “sell” rating and set a $41.00 price objective for the company. in a research report on Friday, May 29th. Citigroup cut shares of UDR from a “buy” rating to a “neutral” rating and decreased their target price for the stock from $54.00 to $37.00 in a research note on Tuesday, April 7th. JPMorgan Chase & Co. upped their price target on shares of UDR from $50.00 to $51.00 and gave the stock an “overweight” rating in a research report on Tuesday, March 3rd. Morgan Stanley downgraded shares of UDR from an “equal weight” rating to an “underweight” rating and decreased their price objective for the company from $51.00 to $33.00 in a research report on Wednesday, April 1st. They noted that the move was a valuation call. Finally, SunTrust Banks dropped their target price on shares of UDR from $45.00 to $40.00 and set a “hold” rating for the company in a report on Thursday, April 2nd. Two equities research analysts have rated the stock with a sell rating, twelve have issued a hold rating and five have assigned a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus target price of $45.00.

Shares of UDR opened at $36.79 on Tuesday. The company’s fifty day simple moving average is $37.51 and its 200-day simple moving average is $41.99. The company has a market cap of $10.73 billion, a P/E ratio of 66.89, a P/E/G ratio of 2.90 and a beta of 0.63. The company has a current ratio of 1.19, a quick ratio of 1.19 and a debt-to-equity ratio of 1.42. UDR, Inc. has a twelve month low of $29.20 and a twelve month high of $51.25.

UDR (NYSE:UDR) last issued its quarterly earnings results on Wednesday, May 6th. The real estate investment trust reported $0.01 EPS for the quarter, missing the consensus estimate of $0.54 by ($0.53). The firm had revenue of $321.48 million for the quarter, compared to the consensus estimate of $310.30 million. UDR had a net margin of 13.80% and a return on equity of 4.98%. The business’s revenue for the quarter was up 18.8% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.51 earnings per share. Analysts predict that UDR, Inc. will post 2.09 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, July 31st. Investors of record on Friday, July 10th will be paid a dividend of $0.36 per share. This represents a $1.44 dividend on an annualized basis and a dividend yield of 3.91%. The ex-dividend date is Thursday, July 9th. UDR’s dividend payout ratio is currently 69.23%.

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 properties in targeted U.S.

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Institutional Ownership by Quarter for UDR (NYSE:UDR)

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