Rhumbline Advisers Trims Stock Holdings in UDR, Inc. (NYSE:UDR)

Rhumbline Advisers decreased its stake in UDR, Inc. (NYSE:UDR) by 0.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 616,400 shares of the real estate investment trust’s stock after selling 5,466 shares during the quarter. Rhumbline Advisers owned approximately 0.19% of UDR worth $26,758,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Activest Wealth Management purchased a new stake in UDR in the third quarter worth about $27,000. Brooklyn Investment Group purchased a new stake in UDR in the third quarter worth about $33,000. Continuum Advisory LLC increased its position in UDR by 5,335.3% in the third quarter. Continuum Advisory LLC now owns 924 shares of the real estate investment trust’s stock worth $41,000 after buying an additional 907 shares in the last quarter. Salem Investment Counselors Inc. increased its position in UDR by 62.7% in the fourth quarter. Salem Investment Counselors Inc. now owns 1,349 shares of the real estate investment trust’s stock worth $59,000 after buying an additional 520 shares in the last quarter. Finally, Eastern Bank purchased a new stake in UDR in the fourth quarter worth about $68,000. Hedge funds and other institutional investors own 97.84% of the company’s stock.

UDR Price Performance

Shares of UDR stock opened at $42.64 on Thursday. The stock has a market cap of $14.07 billion, a price-to-earnings ratio of 170.56, a price-to-earnings-growth ratio of 8.66 and a beta of 0.88. The company has a debt-to-equity ratio of 1.71, a quick ratio of 5.91 and a current ratio of 1.32. The stock has a 50 day moving average price of $42.38 and a 200-day moving average price of $43.56. UDR, Inc. has a one year low of $34.76 and a one year high of $47.55.

UDR (NYSE:UDR) last announced its earnings results on Wednesday, February 5th. The real estate investment trust reported $0.63 EPS for the quarter, topping analysts’ consensus estimates of $0.10 by $0.53. UDR had a return on equity of 2.65% and a net margin of 5.36%. Equities analysts expect that UDR, Inc. will post 2.51 EPS for the current year.

UDR Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, January 31st. Stockholders of record on Thursday, January 9th were issued a $0.425 dividend. This represents a $1.70 dividend on an annualized basis and a dividend yield of 3.99%. The ex-dividend date was Friday, January 10th. UDR’s dividend payout ratio (DPR) is 680.00%.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on the company. Royal Bank of Canada lifted their target price on UDR from $43.00 to $44.00 and gave the company a “sector perform” rating in a research note on Friday, February 7th. Mizuho decreased their target price on UDR from $47.00 to $45.00 and set a “neutral” rating on the stock in a research note on Monday, January 6th. Zelman & Associates reissued a “neutral” rating on shares of UDR in a research note on Thursday, February 13th. Barclays decreased their target price on UDR from $50.00 to $48.00 and set an “overweight” rating on the stock in a research note on Friday, January 24th. Finally, Jefferies Financial Group downgraded UDR from a “buy” rating to a “hold” rating and decreased their target price for the company from $50.00 to $45.00 in a research note on Thursday, January 2nd. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Hold” and an average price target of $46.18.

UDR Company 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 communities in targeted U.S.