Amundi Pioneer Asset Management Inc. lowered its holdings in shares of UDR, Inc. (NYSE:UDR) by 27.5% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 281,469 shares of the real estate investment trust’s stock after selling 106,746 shares during the period. Amundi Pioneer Asset Management Inc. owned about 0.10% of UDR worth $11,152,000 as of its most recent SEC filing.
Other hedge funds have also added to or reduced their stakes in the company. Gotham Asset Management LLC increased its position in shares of UDR by 451.8% during the fourth quarter. Gotham Asset Management LLC now owns 55,041 shares of the real estate investment trust’s stock worth $2,181,000 after buying an additional 45,067 shares during the period. State Board of Administration of Florida Retirement System grew its holdings 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 worth $17,770,000 after purchasing an additional 5,072 shares during the period. Hsbc Holdings PLC grew its holdings 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 worth $5,445,000 after purchasing an additional 74,204 shares during the period. Eii Capital Management Inc. grew its holdings 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 worth $1,788,000 after purchasing an additional 1,941 shares during the period. Finally, Norinchukin Bank The grew its holdings 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 worth $2,085,000 after purchasing an additional 16,256 shares during the period. 97.15% of the stock is owned by hedge funds and other institutional investors.
A number of equities research analysts have commented on UDR shares. Zacks Investment Research cut shares of UDR from a “hold” rating to a “sell” rating in a report on Wednesday, February 13th. Barclays reaffirmed a “hold” rating and issued a $46.00 price objective on shares of UDR in a research note on Tuesday, April 16th. Goldman Sachs Group lowered shares of UDR from a “neutral” rating to a “sell” rating and dropped their price objective for the company from $43.00 to $39.00 in a research note on Monday, March 11th. Finally, BMO Capital Markets reaffirmed a “hold” rating and issued a $49.00 price objective on shares of UDR in a research note on Monday, March 25th. Three research analysts have rated the stock with a sell rating, six have issued a hold rating and six have given a buy rating to the stock. UDR has a consensus rating of “Hold” and an average price target of $44.00.
Shares of UDR traded up $0.53 during trading hours on Friday, reaching $44.23. 1,264,730 shares of the stock traded hands, compared to its average volume of 1,289,252. The firm has a market capitalization of $12.44 billion, a P/E ratio of 22.57, a PEG ratio of 3.79 and a beta of 0.55. The company has a debt-to-equity ratio of 1.23, a current ratio of 7.61 and a quick ratio of 7.61. UDR, Inc. has a 52 week low of $34.48 and a 52 week high of $45.92.
UDR (NYSE:UDR) last announced its quarterly earnings data on Tuesday, February 12th. The real estate investment trust reported $0.30 EPS for the quarter, missing the consensus estimate of $0.49 by ($0.19). The company had revenue of $264.73 million during the quarter, compared to the consensus estimate of $262.98 million. UDR had a return on equity of 7.50% and a net margin of 19.40%. The business’s revenue was up 5.8% on a year-over-year basis. During the same period in the prior year, the firm posted $0.25 EPS. On average, equities research analysts expect that UDR, Inc. will post 2.06 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 30th. Shareholders of record on Tuesday, April 9th will be given a $0.3425 dividend. This is a positive change from UDR’s previous quarterly dividend of $0.32. The ex-dividend date is Monday, April 8th. This represents a $1.37 annualized dividend and a yield of 3.10%. UDR’s payout ratio is currently 69.90%.
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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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