Gateway Investment Advisers LLC Purchases 119,271 Shares of UDR, Inc. (UDR)

Gateway Investment Advisers LLC increased its position in shares of UDR, Inc. (NYSE:UDR) by 22.5% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 649,504 shares of the real estate investment trust’s stock after acquiring an additional 119,271 shares during the quarter. Gateway Investment Advisers LLC’s holdings in UDR were worth $25,019,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently made changes to their positions in UDR. Bank of Montreal Can boosted its position in shares of UDR by 31.3% during the 4th quarter. Bank of Montreal Can now owns 617,633 shares of the real estate investment trust’s stock valued at $23,792,000 after acquiring an additional 147,157 shares during the last quarter. Quantitative Investment Management LLC lifted its position in UDR by 429.7% in the second quarter. Quantitative Investment Management LLC now owns 151,500 shares of the real estate investment trust’s stock valued at $5,903,000 after buying an additional 122,900 shares during the last quarter. Parametric Portfolio Associates LLC lifted its position in UDR by 10.4% in the third quarter. Parametric Portfolio Associates LLC now owns 356,028 shares of the real estate investment trust’s stock valued at $13,540,000 after buying an additional 33,449 shares during the last quarter. ING Groep NV lifted its position in UDR by 69.1% in the third quarter. ING Groep NV now owns 23,124 shares of the real estate investment trust’s stock valued at $879,000 after buying an additional 9,448 shares during the last quarter. Finally, WESCAP Management Group Inc. lifted its position in UDR by 55.1% in the third quarter. WESCAP Management Group Inc. now owns 10,949 shares of the real estate investment trust’s stock valued at $416,000 after buying an additional 3,890 shares during the last quarter. 96.53% of the stock is currently owned by hedge funds and other institutional investors.

UDR has been the topic of a number of recent analyst reports. Robert W. Baird raised shares of UDR from a “neutral” rating to an “outperform” rating and set a $41.00 target price on the stock in a research report on Thursday, October 5th. BMO Capital Markets set a $40.00 target price on shares of UDR and gave the company a “hold” rating in a research report on Tuesday, October 31st. Mizuho reaffirmed a “buy” rating and issued a $43.00 target price on shares of UDR in a research report on Monday, November 6th. Royal Bank of Canada upped their target price on shares of UDR from $39.00 to $40.00 and gave the company a “sector perform” rating in a research report on Wednesday, November 8th. Finally, SunTrust Banks cut shares of UDR from a “buy” rating to a “hold” rating and set a $41.00 target price on the stock. in a research report on Wednesday, November 29th. Two equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and four have given a buy rating to the company’s stock. UDR currently has an average rating of “Hold” and an average price target of $40.23.

In other news, CEO Thomas W. Toomey sold 20,000 shares of the stock in a transaction dated Friday, December 15th. The shares were sold at an average price of $39.20, for a total transaction of $784,000.00. Following the sale, the chief executive officer now owns 1,127,925 shares of the company’s stock, valued at $44,214,660. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 3.07% of the stock is currently owned by corporate insiders.

Shares of UDR, Inc. (NYSE:UDR) opened at $36.08 on Thursday. The stock has a market cap of $9,558.89, a PE ratio of 34.04, a PEG ratio of 3.06 and a beta of 0.39. UDR, Inc. has a 1 year low of $34.41 and a 1 year high of $40.71. The company has a debt-to-equity ratio of 1.31, a quick ratio of 5.45 and a current ratio of 5.45.

UDR (NYSE:UDR) last issued its quarterly earnings results on Monday, October 30th. The real estate investment trust reported $0.07 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.47 by ($0.40). UDR had a return on equity of 10.18% and a net margin of 29.41%. research analysts expect that UDR, Inc. will post 1.87 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, January 31st. Stockholders of record on Wednesday, January 10th will be given a dividend of $0.31 per share. The ex-dividend date of this dividend is Tuesday, January 9th. This represents a $1.24 annualized dividend and a dividend yield of 3.44%. UDR’s dividend payout ratio is presently 116.98%.

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About UDR

UDR, Inc is a self-administered real estate investment trust. The Company owns, operates, acquires, renovates, develops, redevelops, disposes of and manages multifamily apartment communities generally located in various markets across the United States. The Company’s segments are Same-Store Communities and Non-Mature Communities/Other.

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Institutional Ownership by Quarter for UDR (NYSE:UDR)

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