UDR, Inc. (UDR) Position Raised by Hsbc Holdings PLC

Hsbc Holdings PLC increased its position in shares of UDR, Inc. (NYSE:UDR) by 122.7% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 134,686 shares of the real estate investment trust’s stock after purchasing an additional 74,204 shares during the quarter. Hsbc Holdings PLC owned 0.05% of UDR worth $5,445,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of UDR. Korea Investment CORP grew its position in shares of UDR by 203.8% during the 3rd quarter. Korea Investment CORP now owns 300,843 shares of the real estate investment trust’s stock worth $12,163,000 after buying an additional 201,820 shares during the period. Westpac Banking Corp grew its position in shares of UDR by 34.1% during the 3rd quarter. Westpac Banking Corp now owns 194,000 shares of the real estate investment trust’s stock worth $7,843,000 after buying an additional 49,371 shares during the period. Credit Suisse AG grew its position in shares of UDR by 2.0% during the 3rd quarter. Credit Suisse AG now owns 916,169 shares of the real estate investment trust’s stock worth $37,041,000 after buying an additional 17,588 shares during the period. Canada Pension Plan Investment Board grew its position in shares of UDR by 0.6% during the 3rd quarter. Canada Pension Plan Investment Board now owns 770,266 shares of the real estate investment trust’s stock worth $31,142,000 after buying an additional 4,700 shares during the period. Finally, DekaBank Deutsche Girozentrale grew its position in shares of UDR by 6.2% during the 3rd quarter. DekaBank Deutsche Girozentrale now owns 21,120 shares of the real estate investment trust’s stock worth $892,000 after buying an additional 1,230 shares during the period. 97.55% of the stock is owned by institutional investors and hedge funds.

In related news, Director Lynne B. Sagalyn sold 4,773 shares of UDR stock in a transaction on Monday, September 17th. The shares were sold at an average price of $40.40, for a total value of $192,829.20. Following the completion of the sale, the director now owns 87,176 shares of the company’s stock, valued at approximately $3,521,910.40. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, VP Warren L. Troupe sold 10,000 shares of UDR stock in a transaction on Monday, November 12th. The shares were 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. In the last three months, insiders sold 84,773 shares of company stock valued at $3,474,829. 3.16% of the stock is currently owned by insiders.

NYSE UDR 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 debt-to-equity ratio of 1.49, a current ratio of 5.97 and a quick ratio of 5.97. The firm has a market capitalization of $11.21 billion, a P/E ratio of 22.69, a price-to-earnings-growth ratio of 3.17 and a beta of 0.37.

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

Several analysts have recently commented on the stock. Zacks Investment Research downgraded shares of UDR from a “buy” rating to a “hold” rating in a research report on Thursday. Jefferies Financial Group raised shares of UDR from a “hold” rating to a “buy” rating and raised their price objective for the stock from $42.00 to $47.00 in a research report on Friday, November 30th. Royal Bank of Canada reaffirmed a “hold” rating and set a $41.00 price objective on shares of UDR in a research report on Tuesday, November 20th. Capital One Financial assumed coverage on shares of UDR in a research report on Monday, November 19th. They set an “equal weight” rating and a $43.00 price objective for the company. Finally, Robert W. Baird downgraded shares of UDR from an “outperform” rating to a “neutral” rating and set a $42.00 price objective for the company. in a research report on Tuesday, November 20th. Two equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and six have given a buy rating to the company. UDR presently has an average rating of “Hold” and a consensus price target 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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Institutional Ownership by Quarter for UDR (NYSE:UDR)

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