Pensionfund DSM Netherlands continued to hold its stake in UDR Inc. (NYSE:UDR) during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 35,367 shares of the real estate investment trust’s stock at the end of the third quarter. Pensionfund DSM Netherlands’ holdings in UDR were worth $1,273,000 as of its most recent SEC filing.
Other large investors also recently added to or reduced their stakes in the company. Kentucky Retirement Systems Insurance Trust Fund bought a new stake in UDR during the second quarter worth about $398,000. Kentucky Retirement Systems bought a new stake in UDR during the second quarter worth about $839,000. Mason Street Advisors LLC bought a new stake in UDR during the second quarter worth about $1,328,000. Royal Bank of Canada boosted its stake in UDR by 5.9% in the second quarter. Royal Bank of Canada now owns 63,892 shares of the real estate investment trust’s stock worth $2,359,000 after buying an additional 3,584 shares in the last quarter. Finally, Cohen & Steers Inc. boosted its stake in UDR by 6.7% in the second quarter. Cohen & Steers Inc. now owns 43,332,308 shares of the real estate investment trust’s stock worth $1,599,829,000 after buying an additional 2,719,419 shares in the last quarter. 99.24% of the stock is currently owned by hedge funds and other institutional investors.
Shares of UDR Inc. (NYSE:UDR) traded up 0.39% during mid-day trading on Friday, reaching $33.52. 601,785 shares of the company traded hands. The company’s 50 day moving average is $33.94 and its 200 day moving average is $35.46. The stock has a market capitalization of $8.96 billion, a price-to-earnings ratio of 40.58 and a beta of 0.39. UDR Inc. has a 52-week low of $32.79 and a 52-week high of $38.61.
UDR (NYSE:UDR) last released its quarterly earnings data on Tuesday, October 25th. The real estate investment trust reported $0.46 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.45 by $0.01. The firm earned $243.25 million during the quarter, compared to analysts’ expectations of $239.85 million. UDR had a return on equity of 7.52% and a net margin of 22.79%. UDR’s revenue was up 9.9% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.42 earnings per share. On average, equities analysts forecast that UDR Inc. will post $1.79 earnings per share for the current year.
The company also recently declared a quarterly dividend, which was paid on Monday, October 31st. Stockholders of record on Tuesday, October 11th were given a $0.295 dividend. This represents a $1.18 dividend on an annualized basis and a dividend yield of 3.52%. The ex-dividend date of this dividend was Thursday, October 6th. UDR’s dividend payout ratio is currently 145.68%.
Several equities research analysts have issued reports on the stock. JPMorgan Chase & Co. reaffirmed a “buy” rating and set a $40.00 target price on shares of UDR in a research note on Wednesday, November 16th. BMO Capital Markets cut shares of UDR from an “outperform” rating to a “market perform” rating and lowered their target price for the stock from $38.00 to $35.00 in a research note on Tuesday, October 25th. BTIG Research assumed coverage on shares of UDR in a research note on Thursday, August 25th. They set a “buy” rating and a $42.00 target price on the stock. Zacks Investment Research raised shares of UDR from a “sell” rating to a “hold” rating in a research note on Friday, August 5th. Finally, Citigroup Inc. lifted their target price on shares of UDR from $37.00 to $38.00 and gave the stock a “neutral” rating in a research note on Tuesday, August 2nd. One analyst has rated the stock with a sell rating, nine have issued a hold rating and four have given a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus target price of $38.46.
In other news, VP Warren L. Troupe sold 15,000 shares of the firm’s stock in a transaction on Wednesday, September 28th. The stock was sold at an average price of $36.70, for a total value of $550,500.00. Following the completion of the transaction, the vice president now owns 562,903 shares in the company, valued at $20,658,540.10. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, Director Clinton D. Mcdonnough purchased 3,000 shares of the company’s stock in a transaction dated Friday, September 9th. The stock was purchased at an average price of $34.54 per share, with a total value of $103,620.00. Following the transaction, the director now owns 7,000 shares of the company’s stock, valued at $241,780. The disclosure for this purchase can be found here. 2.79% of the stock is owned by insiders.
UDR Company Profile
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.