Sumitomo Mitsui Trust Holdings Inc. boosted its position in shares of UDR Inc. (NYSE:UDR) by 0.0% during the second quarter, according to its most recent Form 13F filing with the 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.’s holdings in UDR were worth $36,705,000 at the end of the most recent quarter.
Other institutional investors have also recently made changes to their positions in the company. Conning Inc. purchased a new position in shares of UDR during the second quarter worth approximately $207,000. Cleararc Capital Inc. bought a new position in shares of UDR during the first quarter valued at about $251,000. Magnetar Financial LLC bought a new position in shares of UDR during the first quarter valued at about $255,000. ING Groep NV boosted its position in shares of UDR by 53.8% in the second quarter. ING Groep NV now owns 9,406 shares of the real estate investment trust’s stock valued at $347,000 after buying an additional 3,291 shares during the last quarter. Finally, Meiji Yasuda Asset Management Co Ltd. boosted its position in shares of UDR by 6.8% in the first quarter. Meiji Yasuda Asset Management Co Ltd. now owns 10,579 shares of the real estate investment trust’s stock valued at $408,000 after buying an additional 670 shares during the last quarter. Institutional investors own 98.22% of the company’s stock.
UDR Inc. (NYSE:UDR) traded up 0.21% on Wednesday, hitting $33.83. The stock had a trading volume of 1,210,751 shares. 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. The company has a market cap of $9.03 billion, a price-to-earnings ratio of 43.43 and a beta of 0.52.
UDR (NYSE:UDR) last issued its earnings results on Tuesday, July 26th. The real estate investment trust reported $0.44 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.44. UDR had a return on equity of 7.15% and a net margin of 21.86%. The company earned $238.79 million during the quarter, compared to the consensus estimate of $235.77 million. During the same quarter in the prior year, the business earned $0.41 earnings per share. The company’s revenue was up 10.6% compared to the same quarter last year. Equities research analysts anticipate that UDR Inc. will post $1.78 EPS for the current year.
The business also recently announced a quarterly dividend, which will be paid on Monday, October 31st. Stockholders of record on Tuesday, October 11th will be given a $0.295 dividend. This represents a $1.18 annualized dividend and a dividend yield of 3.49%. The ex-dividend date is Thursday, October 6th. UDR’s payout ratio is 155.26%.
Several equities analysts have recently issued reports on UDR shares. Zacks Investment Research upgraded UDR from a “sell” rating to a “hold” rating in a research note on Wednesday, June 22nd. Cantor Fitzgerald reiterated a “buy” rating and issued a $39.50 price objective on shares of UDR in a research note on Monday, July 18th. BTIG Research started coverage on UDR in a research note on Thursday, August 25th. They issued a “buy” rating and a $42.00 price objective for the company. Mizuho upgraded UDR from a “neutral” rating to a “buy” rating and lifted their price objective for the company from $37.00 to $41.00 in a research note on Monday, August 1st. Finally, Citigroup Inc. lifted their price objective on UDR from $37.00 to $38.00 and gave the company a “neutral” rating in a research note on Tuesday, August 2nd. Three research analysts have rated the stock with a sell rating, nine have given a hold rating and six have given a buy rating to the company. The company currently has an average rating of “Hold” and an average price target of $38.63.
In related news, SVP Harry G. Alcock sold 7,500 shares of the stock in a transaction dated Thursday, August 4th. The stock was 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 owns 120,145 shares of the company’s stock, valued at $4,441,760.65. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Clinton D. Mcdonnough purchased 2,000 shares of UDR stock in a transaction that occurred on Wednesday, August 24th. The stock was acquired at an average cost of $35.65 per share, with a total value of $71,300.00. Following the acquisition, the director now directly owns 4,000 shares of the company’s stock, valued at approximately $142,600. The disclosure for this purchase can be found here. 2.79% of the stock is owned by insiders.
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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