Aviva PLC cut its stake in shares of UDR, Inc. (NYSE:UDR) by 3.5% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 128,659 shares of the real estate investment trust’s stock after selling 4,610 shares during the period. Aviva PLC’s holdings in UDR were worth $5,202,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors also recently made changes to their positions in UDR. Advisors Asset Management Inc. lifted its holdings in shares of UDR by 499.0% during the 2nd quarter. Advisors Asset Management Inc. now owns 359,568 shares of the real estate investment trust’s stock valued at $2,276,000 after acquiring an additional 299,543 shares in the last quarter. Vident Investment Advisory LLC lifted its holdings in shares of UDR by 210.8% during the 2nd quarter. Vident Investment Advisory LLC now owns 29,367 shares of the real estate investment trust’s stock valued at $1,102,000 after acquiring an additional 19,918 shares in the last quarter. Van ECK Associates Corp acquired a new position in shares of UDR during the 2nd quarter valued at $2,094,000. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. lifted its holdings in shares of UDR by 3.0% during the 2nd quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 86,849 shares of the real estate investment trust’s stock valued at $3,260,000 after acquiring an additional 2,566 shares in the last quarter. Finally, Canada Pension Plan Investment Board lifted its holdings in shares of UDR by 8.8% during the 2nd quarter. Canada Pension Plan Investment Board now owns 765,566 shares of the real estate investment trust’s stock valued at $28,739,000 after acquiring an additional 62,000 shares in the last quarter. 97.55% of the stock is owned by institutional investors.
In other UDR news, CEO Thomas W. Toomey sold 40,000 shares of the business’s stock in a transaction on Wednesday, November 14th. The shares were sold at an average price of $41.20, for a total value of $1,648,000.00. Following the transaction, the chief executive officer now owns 1,746,826 shares in the company, valued at approximately $71,969,231.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, VP Warren L. Troupe sold 10,000 shares of the business’s stock in a transaction on Monday, November 12th. The stock was sold at an average price of $41.29, for a total transaction of $412,900.00. The disclosure for this sale can be found here. Insiders sold a total of 84,773 shares of company stock worth $3,474,829 in the last quarter. 3.16% of the stock is currently owned by company insiders.
Shares of UDR stock opened at $42.43 on Friday. UDR, Inc. has a 12 month low of $32.88 and a 12 month high of $42.98. The company has a current ratio of 5.97, a quick ratio of 5.97 and a debt-to-equity ratio of 1.49. The firm has a market capitalization of $11.21 billion, a price-to-earnings ratio of 22.79, a PEG ratio of 3.17 and a beta of 0.37.
UDR (NYSE:UDR) last issued its quarterly earnings data on Monday, October 29th. The real estate investment trust reported $0.07 EPS for the quarter, hitting analysts’ consensus estimates of $0.07. UDR had a net margin of 18.43% and a return on equity of 7.09%. The firm had revenue of $266.10 million for the quarter, compared to analyst estimates of $258.90 million. During the same quarter in the previous year, the business posted $0.06 EPS. The firm’s revenue was up 6.0% compared to the same quarter last year. Sell-side analysts forecast that UDR, Inc. will post 1.94 EPS for the current fiscal year.
Several research firms recently weighed in on UDR. Zacks Investment Research lowered shares of UDR from a “buy” rating to a “hold” rating in a report on Thursday. Jefferies Financial Group upgraded shares of UDR from a “hold” rating to a “buy” rating and lifted their target price for the company from $42.00 to $47.00 in a report on Friday, November 30th. Robert W. Baird lowered shares of UDR from an “outperform” rating to a “neutral” rating in a report on Monday, November 26th. Capital One Financial restated an “equal weight” rating and set a $43.00 target price on shares of UDR in a report on Sunday, November 18th. Finally, Royal Bank of Canada restated a “hold” rating and set a $41.00 target price on shares of UDR in a report on Tuesday, November 20th. Two analysts have rated the stock with a sell rating, ten have assigned a hold rating and six have assigned a buy rating to the company. UDR has a consensus rating of “Hold” and a consensus target price of $40.93.
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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 properties in targeted U.S.
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