Bank of America Corp DE grew its holdings in shares of UDR, Inc. (NYSE:UDR) by 6.4% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 739,324 shares of the real estate investment trust’s stock after purchasing an additional 44,659 shares during the quarter. Bank of America Corp DE owned approximately 0.28% of UDR worth $29,293,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also made changes to their positions in the business. State Board of Administration of Florida Retirement System lifted its position in UDR by 1.1% in the fourth quarter. State Board of Administration of Florida Retirement System now owns 448,519 shares of the real estate investment trust’s stock valued at $17,770,000 after buying an additional 5,072 shares during the last quarter. Hsbc Holdings PLC lifted its position in UDR by 122.7% in the third quarter. Hsbc Holdings PLC now owns 134,686 shares of the real estate investment trust’s stock valued at $5,445,000 after buying an additional 74,204 shares during the last quarter. Eii Capital Management Inc. lifted its position in UDR by 4.5% in the fourth quarter. Eii Capital Management Inc. now owns 45,130 shares of the real estate investment trust’s stock valued at $1,788,000 after buying an additional 1,941 shares during the last quarter. Norinchukin Bank The lifted its position in UDR by 44.7% in the fourth quarter. Norinchukin Bank The now owns 52,633 shares of the real estate investment trust’s stock valued at $2,085,000 after buying an additional 16,256 shares during the last quarter. Finally, Gideon Capital Advisors Inc. acquired a new position in UDR in the fourth quarter valued at about $1,070,000. 97.15% of the stock is currently owned by institutional investors.
In other UDR news, Director Lynne B. Sagalyn sold 4,289 shares of the stock in a transaction on Friday, February 22nd. The stock was sold at an average price of $44.97, for a total value of $192,876.33. Following the completion of the transaction, the director now owns 81,852 shares in the company, valued at $3,680,884.44. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Harry G. Alcock sold 10,000 shares of the stock in a transaction on Thursday, April 4th. The stock was sold at an average price of $45.37, for a total value of $453,700.00. Following the completion of the transaction, the senior vice president now owns 117,284 shares of the company’s stock, valued at approximately $5,321,175.08. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 124,289 shares of company stock valued at $5,586,476. Corporate insiders own 3.16% of the company’s stock.
Shares of UDR stock traded down $0.07 during trading hours on Monday, hitting $45.73. The stock had a trading volume of 992,597 shares, compared to its average volume of 1,492,308. The company has a market capitalization of $12.79 billion, a P/E ratio of 23.33, a PEG ratio of 3.90 and a beta of 0.55. UDR, Inc. has a twelve month low of $34.48 and a twelve month high of $45.92. The company has a current ratio of 7.61, a quick ratio of 7.61 and a debt-to-equity ratio of 1.23.
UDR (NYSE:UDR) last posted its quarterly earnings data on Tuesday, February 12th. The real estate investment trust reported $0.30 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.49 by ($0.19). UDR had a net margin of 19.40% and a return on equity of 7.50%. The firm had revenue of $264.73 million during the quarter, compared to analyst estimates of $262.98 million. During the same period in the previous year, the company posted $0.25 earnings per share. UDR’s revenue was up 5.8% compared to the same quarter last year. Research analysts predict that UDR, Inc. will post 2.06 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 30th. Investors of record on Tuesday, April 9th will be issued a dividend of $0.3425 per share. The ex-dividend date of this dividend is Monday, April 8th. This is an increase from UDR’s previous quarterly dividend of $0.32. This represents a $1.37 annualized dividend and a dividend yield of 3.00%. UDR’s dividend payout ratio (DPR) is currently 69.90%.
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 properties in targeted U.S.
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