Zurcher Kantonalbank Zurich Cantonalbank Grows Stock Holdings in UDR, Inc. (NYSE:UDR)

Zurcher Kantonalbank Zurich Cantonalbank raised its position in shares of UDR, Inc. (NYSE:UDR) by 24.9% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 299,351 shares of the real estate investment trust’s stock after buying an additional 59,725 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank owned about 0.09% of UDR worth $12,995,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of the company. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in shares of UDR by 862.3% during the third 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 valued at $139,963,000 after acquiring an additional 2,766,172 shares in the last quarter. Mizuho Securities USA LLC increased its holdings in shares of UDR by 8,460.5% during the third quarter. Mizuho Securities USA LLC now owns 2,000,000 shares of the real estate investment trust’s stock valued at $90,680,000 after acquiring an additional 1,976,637 shares in the last quarter. FMR LLC increased its holdings in shares of UDR by 14.8% during the third 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 in the last quarter. Raymond James Financial Inc. acquired a new position in shares of UDR during the fourth quarter valued at about $22,662,000. Finally, JPMorgan Chase & Co. increased its holdings in shares of UDR by 5.0% during the third 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 in the last quarter. 97.84% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at UDR

In other news, CEO Thomas W. Toomey sold 25,000 shares of UDR stock in a transaction on Thursday, February 20th. The stock was sold at an average price of $42.75, for a total transaction of $1,068,750.00. Following the transaction, the chief executive officer now owns 824,716 shares in the company, valued at $35,256,609. The trade was a 2.94 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 3.73% of the company’s stock.

UDR Trading Down 1.8 %

Shares of UDR stock opened at $42.98 on Thursday. The stock’s fifty day moving average is $42.49 and its two-hundred day moving average is $43.81. The company has a debt-to-equity ratio of 1.71, a quick ratio of 5.91 and a current ratio of 5.61. The firm has a market capitalization of $14.23 billion, a P/E ratio of 171.90, a PEG ratio of 8.67 and a beta of 0.88. UDR, Inc. has a fifty-two week low of $35.14 and a fifty-two week high of $47.55.

UDR (NYSE:UDR) last announced its quarterly earnings data on Wednesday, February 5th. The real estate investment trust reported $0.63 earnings per share 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%. Research analysts expect 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. Stockholders of record on Thursday, January 9th were issued a dividend of $0.425 per share. The ex-dividend date was Friday, January 10th. This represents a $1.70 annualized dividend and a dividend yield of 3.96%. UDR’s dividend payout ratio is presently 680.00%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on UDR shares. Royal Bank of Canada upped their price objective on shares of UDR from $43.00 to $44.00 and gave the company a “sector perform” rating in a report on Friday, February 7th. Barclays cut their price target on shares of UDR from $50.00 to $48.00 and set an “overweight” rating on the stock in a report on Friday, January 24th. Evercore ISI increased their price target on shares of UDR from $43.00 to $45.00 and gave the stock an “in-line” rating in a report on Monday, February 10th. Scotiabank increased their price target on shares of UDR from $48.00 to $49.00 and gave the stock a “sector perform” rating in a report on Friday, February 14th. Finally, Jefferies Financial Group downgraded shares of UDR from a “buy” rating to a “hold” rating and cut their price target for the stock from $50.00 to $45.00 in a report on Thursday, January 2nd. One analyst has rated the stock with a sell rating, eleven have given a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat, UDR presently has a consensus rating of “Hold” and an average target price of $46.12.

About UDR

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.