UDR, Inc. (UDR) Shares Sold by Alliancebernstein L.P.

Alliancebernstein L.P. reduced its stake in UDR, Inc. (NYSE:UDR) by 1.0% during the third quarter, according to its most recent filing with the SEC. The fund owned 594,786 shares of the real estate investment trust’s stock after selling 5,888 shares during the quarter. Alliancebernstein L.P. owned 0.22% of UDR worth $24,047,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of the stock. Nissay Asset Management Corp Japan ADV boosted its holdings in shares of UDR by 4.7% in the 3rd quarter. Nissay Asset Management Corp Japan ADV now owns 41,599 shares of the real estate investment trust’s stock worth $1,682,000 after buying an additional 1,858 shares during the last quarter. Toronto Dominion Bank boosted its holdings in shares of UDR by 1.1% in the 3rd quarter. Toronto Dominion Bank now owns 173,960 shares of the real estate investment trust’s stock worth $7,031,000 after buying an additional 1,879 shares during the last quarter. Sumitomo Mitsui Asset Management Company LTD boosted its holdings in shares of UDR by 6.0% in the 3rd quarter. Sumitomo Mitsui Asset Management Company LTD now owns 34,085 shares of the real estate investment trust’s stock worth $1,378,000 after buying an additional 1,920 shares during the last quarter. Signature Financial Management Inc. boosted its holdings in shares of UDR by 8.3% in the 2nd quarter. Signature Financial Management Inc. now owns 28,122 shares of the real estate investment trust’s stock worth $1,056,000 after buying an additional 2,161 shares during the last quarter. Finally, IFM Investors Pty Ltd boosted its holdings in shares of UDR by 14.8% in the 3rd quarter. IFM Investors Pty Ltd now owns 17,038 shares of the real estate investment trust’s stock worth $689,000 after buying an additional 2,191 shares during the last quarter. 96.13% of the stock is currently owned by institutional investors.

In other news, SVP Harry G. Alcock sold 10,000 shares of the company’s stock in a transaction dated Monday, November 26th. The stock was sold at an average price of $41.22, for a total transaction of $412,200.00. Following the sale, the senior vice president now directly owns 116,123 shares in the company, valued at $4,786,590.06. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, Director Lynne B. Sagalyn sold 4,773 shares of the company’s stock in a transaction dated Monday, September 17th. The shares were sold at an average price of $40.40, for a total value of $192,829.20. Following the sale, the director now owns 87,176 shares in the company, valued at $3,521,910.40. The disclosure for this sale can be found here. Insiders sold a total of 84,773 shares of company stock worth $3,474,829 over the last 90 days. 3.16% of the stock is currently owned by company insiders.

A number of equities analysts recently weighed in on the stock. Royal Bank of Canada boosted their price target on shares of UDR from $39.00 to $40.00 and gave the stock a “sector perform” rating in a report on Friday, August 10th. ValuEngine raised shares of UDR from a “hold” rating to a “buy” rating in a report on Wednesday, October 24th. Robert W. Baird reissued a “buy” rating and issued a $40.00 price target on shares of UDR in a report on Thursday, August 16th. Barclays reissued a “hold” rating and issued a $39.00 price target on shares of UDR in a report on Sunday, October 14th. Finally, Evercore ISI cut UDR from an “in-line” rating to an “underperform” rating in a research note on Sunday, October 21st. Two equities research analysts have rated the stock with a sell rating, ten have given a hold rating and six have given a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus price target of $40.93.

Shares of UDR stock opened at $42.62 on Monday. UDR, Inc. has a 52-week low of $32.88 and a 52-week high of $42.64. The stock has a market capitalization of $11.44 billion, a P/E ratio of 22.79, a PEG ratio of 3.63 and a beta of 0.32. The company has a current ratio of 5.97, a quick ratio of 5.97 and a debt-to-equity ratio of 1.49.

UDR (NYSE:UDR) last announced its quarterly earnings data on Monday, October 29th. The real estate investment trust reported $0.07 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $0.07. UDR had a return on equity of 7.09% and a net margin of 18.43%. The business had revenue of $266.10 million for the quarter, compared to analysts’ expectations of $258.90 million. During the same period in the previous year, the business posted $0.06 EPS. The firm’s quarterly revenue was up 6.0% compared to the same quarter last year. As a group, sell-side analysts forecast that UDR, Inc. will post 1.94 EPS for the current year.

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UDR 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 properties in targeted U.S.

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Institutional Ownership by Quarter for UDR (NYSE:UDR)

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