Trading Report: The Pensionfund Sabic Holds Position in UDR Inc. (UDR)

The Pensionfund Sabic Holds Position in UDR Inc. (UDR)

Pensionfund Sabic continued to hold its stake in shares of UDR Inc. (NYSE:UDR) during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 13,519 shares of the real estate investment trust’s stock at the end of the third quarter. Pensionfund Sabic’s holdings in UDR were worth $487,000 at the end of the most recent quarter.

A number of other large investors also recently made changes to their positions in the stock. Mn Services Vermogensbeheer B.V. raised its stake in shares of UDR by 2.6% in the second quarter. Mn Services Vermogensbeheer B.V. now owns 6,659 shares of the real estate investment trust’s stock worth $221,000 after buying an additional 166 shares during the period. Hartford Investment Management Co. raised its stake in shares of UDR by 0.3% in the second quarter. Hartford Investment Management Co. now owns 65,551 shares of the real estate investment trust’s stock worth $2,420,000 after buying an additional 174 shares during the period. Stifel Financial Corp raised its stake in shares of UDR by 0.8% in the second quarter. Stifel Financial Corp now owns 22,312 shares of the real estate investment trust’s stock worth $823,000 after buying an additional 176 shares during the period. Norinchukin Bank The raised its stake in shares of UDR by 4.7% in the second quarter. Norinchukin Bank The now owns 5,859 shares of the real estate investment trust’s stock worth $216,000 after buying an additional 262 shares during the period. Finally, World Asset Management Inc raised its stake in shares of UDR by 0.9% in the second quarter. World Asset Management Inc now owns 31,892 shares of the real estate investment trust’s stock worth $1,177,000 after buying an additional 280 shares during the period. 99.24% of the stock is owned by institutional investors and hedge funds.

UDR Inc. (NYSE:UDR) traded up 0.39% during mid-day trading on Friday, hitting $33.52. The stock had a trading volume of 601,785 shares. The stock has a market cap of $8.96 billion, a price-to-earnings ratio of 40.58 and a beta of 0.39. UDR Inc. has a 12-month low of $32.79 and a 12-month high of $38.61. The company has a 50-day moving average of $33.94 and a 200-day moving average of $35.46.

UDR (NYSE:UDR) last announced its quarterly earnings data on Tuesday, October 25th. The real estate investment trust reported $0.46 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.45 by $0.01. The firm earned $243.25 million during the quarter, compared to analyst estimates of $239.85 million. UDR had a return on equity of 7.52% and a net margin of 22.79%. UDR’s quarterly revenue was up 9.9% on a year-over-year basis. During the same period in the previous year, the company earned $0.42 earnings per share. On average, analysts anticipate that UDR Inc. will post $1.79 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Monday, October 31st. Investors of record on Tuesday, October 11th were issued a $0.295 dividend. This represents a $1.18 annualized dividend and a yield of 3.52%. The ex-dividend date was Thursday, October 6th. UDR’s dividend payout ratio is currently 145.68%.

A number of equities research analysts have issued reports on the stock. Citigroup Inc. increased their price objective on shares of UDR from $37.00 to $38.00 and gave the company a “neutral” rating in a report on Tuesday, August 2nd. Zacks Investment Research upgraded UDR from a “sell” rating to a “hold” rating in a research report on Friday, August 5th. JPMorgan Chase & Co. reiterated a “buy” rating and set a $40.00 target price on shares of UDR in a research report on Wednesday, November 16th. Mizuho upgraded UDR from a “neutral” rating to a “buy” rating and increased their target price for the company from $37.00 to $41.00 in a research report on Monday, August 1st. Finally, BMO Capital Markets downgraded UDR from an “outperform” rating to a “market perform” rating and lowered their target price for the company from $38.00 to $35.00 in a research report on Tuesday, October 25th. One investment analyst has rated the stock with a sell rating, nine have given a hold rating and four have issued a buy rating to the stock. UDR has a consensus rating of “Hold” and a consensus price target of $38.46.

In other UDR news, Director Clinton D. Mcdonnough acquired 3,000 shares of the firm’s stock in a transaction that occurred on Friday, September 9th. The stock was acquired at an average cost of $34.54 per share, with a total value of $103,620.00. Following the acquisition, the director now directly owns 7,000 shares of the company’s stock, valued at approximately $241,780. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, VP Warren L. Troupe sold 15,000 shares of the stock in a transaction that occurred 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 directly owns 562,903 shares of the company’s stock, valued at $20,658,540.10. The disclosure for this sale can be found here. 2.79% of the stock is owned by corporate insiders.

About UDR

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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