UDR, Inc. (NYSE:UDR) Shares Sold by Chevy Chase Trust Holdings LLC

Chevy Chase Trust Holdings LLC decreased its position in shares of UDR, Inc. (NYSE:UDR) by 5.5% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 423,908 shares of the real estate investment trust’s stock after selling 24,508 shares during the quarter. Chevy Chase Trust Holdings LLC owned 0.13% of UDR worth $18,402,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in UDR. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in shares of UDR by 862.3% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 3,086,964 shares of the real estate investment trust’s stock worth $139,963,000 after purchasing an additional 2,766,172 shares during the period. Mizuho Securities USA LLC grew its stake in shares of UDR by 8,460.5% during the 3rd quarter. Mizuho Securities USA LLC now owns 2,000,000 shares of the real estate investment trust’s stock worth $90,680,000 after purchasing an additional 1,976,637 shares during the period. FMR LLC grew its stake in UDR by 14.8% in the 3rd quarter. FMR LLC now owns 11,401,026 shares of the real estate investment trust’s stock valued at $516,923,000 after acquiring an additional 1,471,855 shares during the period. JPMorgan Chase & Co. grew its stake in UDR by 5.0% in the 3rd quarter. JPMorgan Chase & Co. now owns 7,774,541 shares of the real estate investment trust’s stock valued at $352,498,000 after acquiring an additional 368,087 shares during the period. Finally, Los Angeles Capital Management LLC grew its stake in UDR by 1,665.3% in the 3rd quarter. Los Angeles Capital Management LLC now owns 369,448 shares of the real estate investment trust’s stock valued at $16,751,000 after acquiring an additional 348,520 shares during the period. Institutional investors and hedge funds own 97.84% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on UDR shares. Evercore ISI lifted their price target on shares of UDR from $43.00 to $45.00 and gave the company an “in-line” rating in a research note on Monday, February 10th. Royal Bank of Canada lifted their price target on shares of UDR from $43.00 to $44.00 and gave the company a “sector perform” rating in a research note on Friday, February 7th. Barclays dropped their price target on shares of UDR from $50.00 to $48.00 and set an “overweight” rating on the stock in a research note on Friday, January 24th. Zelman & Associates reissued a “neutral” rating on shares of UDR in a research note on Thursday. Finally, Wells Fargo & Company decreased their price objective on UDR from $48.00 to $45.00 and set an “overweight” rating on the stock in a report on Friday, January 24th. One research analyst has rated the stock with a sell rating, ten have issued a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $46.18.

UDR Stock Down 0.5 %

NYSE UDR opened at $42.93 on Friday. UDR, Inc. has a 52 week low of $34.76 and a 52 week high of $47.55. The company has a quick ratio of 5.91, a current ratio of 1.32 and a debt-to-equity ratio of 1.71. The business’s fifty day simple moving average is $42.45 and its 200-day simple moving average is $43.51. The firm has a market cap of $14.17 billion, a PE ratio of 171.73, a P/E/G ratio of 11.72 and a beta of 0.88.

UDR (NYSE:UDR) last posted its quarterly earnings results on Wednesday, February 5th. The real estate investment trust reported $0.63 EPS for the quarter, topping the consensus estimate of $0.10 by $0.53. UDR had a return on equity of 2.65% and a net margin of 5.36%. As a group, equities analysts anticipate that UDR, Inc. will post 2.51 earnings per share for the current year.

UDR Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, January 31st. Investors of record on Thursday, January 9th were issued a $0.425 dividend. The ex-dividend date of this dividend was Friday, January 10th. This represents a $1.70 annualized dividend and a yield of 3.96%. UDR’s dividend payout ratio (DPR) is currently 680.00%.

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 communities in targeted U.S.