Pacific Sun Financial Corp Purchases 885 Shares of UDR, Inc. (NYSE:UDR)

Pacific Sun Financial Corp lifted its position in shares of UDR, Inc. (NYSE:UDR) by 9.3% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 10,436 shares of the real estate investment trust’s stock after purchasing an additional 885 shares during the period. Pacific Sun Financial Corp’s holdings in UDR were worth $453,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently added to or reduced their stakes in UDR. CWM LLC increased its stake in UDR by 10.0% during the 3rd quarter. CWM LLC now owns 3,802 shares of the real estate investment trust’s stock worth $172,000 after acquiring an additional 347 shares during the period. Exchange Traded Concepts LLC boosted its holdings in shares of UDR by 267.0% in the 3rd quarter. Exchange Traded Concepts LLC now owns 3,061 shares of the real estate investment trust’s stock valued at $139,000 after purchasing an additional 2,227 shares in the last quarter. Blue Trust Inc. boosted its holdings in shares of UDR by 229.0% in the 3rd quarter. Blue Trust Inc. now owns 3,422 shares of the real estate investment trust’s stock valued at $155,000 after purchasing an additional 2,382 shares in the last quarter. Sequoia Financial Advisors LLC acquired a new stake in shares of UDR in the 3rd quarter valued at $313,000. Finally, International Assets Investment Management LLC boosted its holdings in shares of UDR by 4,436.2% in the 3rd quarter. International Assets Investment Management LLC now owns 44,228 shares of the real estate investment trust’s stock valued at $2,005,000 after purchasing an additional 43,253 shares in the last quarter. Institutional investors own 97.84% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on UDR. Barclays reduced their target price on UDR from $50.00 to $48.00 and set an “overweight” rating on the stock in a report on Friday, January 24th. Evercore ISI raised their target price on UDR from $43.00 to $45.00 and gave the company an “in-line” rating in a report on Monday, February 10th. Mizuho cut their price objective on UDR from $47.00 to $45.00 and set a “neutral” rating on the stock in a report on Monday, January 6th. Jefferies Financial Group downgraded UDR from a “buy” rating to a “hold” rating and cut their price objective for the company from $50.00 to $45.00 in a report on Thursday, January 2nd. Finally, Zelman & Associates reissued a “neutral” rating on shares of UDR in a report on Thursday, February 13th. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat, UDR currently has a consensus rating of “Hold” and a consensus target price of $46.18.

UDR Stock Performance

Shares of UDR stock opened at $42.64 on Thursday. UDR, Inc. has a one year low of $34.76 and a one year high of $47.55. The firm has a market capitalization of $14.07 billion, a price-to-earnings ratio of 170.56, a PEG ratio of 8.68 and a beta of 0.88. The business has a 50-day simple moving average of $42.38 and a 200 day simple moving average of $43.56. The company has a debt-to-equity ratio of 1.71, a current ratio of 1.32 and a quick ratio of 5.91.

UDR (NYSE:UDR) last issued its earnings results on Wednesday, February 5th. The real estate investment trust reported $0.63 EPS for the quarter, beating analysts’ consensus estimates of $0.10 by $0.53. UDR had a return on equity of 2.65% and a net margin of 5.36%. On average, research analysts anticipate that UDR, Inc. will post 2.51 earnings per share for the current fiscal year.

UDR Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, January 31st. Shareholders of record on Thursday, January 9th were paid a dividend of $0.425 per share. The ex-dividend date was Friday, January 10th. This represents a $1.70 dividend on an annualized basis and a yield of 3.99%. UDR’s dividend payout ratio (DPR) is currently 680.00%.

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 communities in targeted U.S.