Mutual of America Capital Management LLC Lowers Stock Holdings in UDR, Inc. (NYSE:UDR)

Mutual of America Capital Management LLC cut its holdings in UDR, Inc. (NYSE:UDR) by 2.7% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 35,969 shares of the real estate investment trust’s stock after selling 990 shares during the period. Mutual of America Capital Management LLC’s holdings in UDR were worth $1,561,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Activest Wealth Management purchased a new position in shares of UDR during the 3rd quarter worth about $27,000. Brooklyn Investment Group bought a new position in shares of UDR during the 3rd quarter worth approximately $33,000. Continuum Advisory LLC increased its stake in UDR by 5,335.3% during the 3rd quarter. Continuum Advisory LLC now owns 924 shares of the real estate investment trust’s stock valued at $41,000 after purchasing an additional 907 shares in the last quarter. Salem Investment Counselors Inc. increased its stake in shares of 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 acquiring an additional 520 shares during the period. Finally, Catalyst Capital Advisors LLC acquired a new stake in UDR during the fourth quarter valued at $63,000. 97.84% of the stock is currently owned by institutional investors.

UDR Trading Up 0.5 %

Shares of UDR stock opened at $44.43 on Friday. The company has a fifty day simple moving average of $42.47 and a 200-day simple moving average of $43.79. UDR, Inc. has a 12-month low of $35.14 and a 12-month high of $47.55. The company has a current ratio of 5.61, a quick ratio of 5.91 and a debt-to-equity ratio of 1.71. The stock has a market cap of $14.71 billion, a price-to-earnings ratio of 177.72, a PEG ratio of 8.67 and a beta of 0.88.

UDR (NYSE:UDR) last released its quarterly earnings results on Wednesday, February 5th. The real estate investment trust reported $0.63 EPS for the quarter, beating the consensus estimate of $0.10 by $0.53. UDR had a net margin of 5.36% and a return on equity of 2.65%. On average, equities analysts forecast that UDR, Inc. will post 2.51 EPS for the current fiscal year.

UDR Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, January 31st. Shareholders of record on Thursday, January 9th were given a dividend of $0.425 per share. The ex-dividend date was Friday, January 10th. This represents a $1.70 dividend on an annualized basis and a yield of 3.83%. UDR’s payout ratio is currently 680.00%.

Analyst Upgrades and Downgrades

Several research firms recently commented on UDR. Wells Fargo & Company dropped their price target on shares of UDR from $48.00 to $45.00 and set an “overweight” rating on the stock in a research report on Friday, January 24th. Zelman & Associates reaffirmed a “neutral” rating on shares of UDR in a research note on Thursday, February 13th. Barclays reduced their price target on shares of UDR from $50.00 to $48.00 and set an “overweight” rating on the stock in a research note on Friday, January 24th. Jefferies Financial Group downgraded shares of UDR from a “buy” rating to a “hold” rating and reduced their price target for the company from $50.00 to $45.00 in a research note on Thursday, January 2nd. Finally, Scotiabank boosted their price target on shares of UDR from $48.00 to $49.00 and gave the company a “sector perform” rating in a research note on Friday, February 14th. One analyst has rated the stock with a sell rating, ten have assigned a hold rating and eight have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $46.18.

Insiders Place Their Bets

In other news, CEO Thomas W. Toomey sold 25,000 shares of the stock in a transaction dated Thursday, February 20th. The shares were sold at an average price of $42.75, for a total value of $1,068,750.00. Following the completion of the transaction, the chief executive officer now owns 824,716 shares in the company, valued at $35,256,609. This trade represents a 2.94 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 3.73% of the stock is owned by insiders.

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.