UDR, Inc. (NYSE:UDR) Shares Acquired by O Shaughnessy Asset Management LLC

O Shaughnessy Asset Management LLC boosted its stake in UDR, Inc. (NYSE:UDR) by 21.9% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 22,068 shares of the real estate investment trust’s stock after buying an additional 3,965 shares during the period. O Shaughnessy Asset Management LLC’s holdings in UDR were worth $958,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in the stock. Continuum Advisory LLC grew its position in shares of UDR by 5,335.3% during the third quarter. Continuum Advisory LLC now owns 924 shares of the real estate investment trust’s stock worth $41,000 after acquiring an additional 907 shares during the last quarter. Smartleaf Asset Management LLC grew its position in UDR by 68.7% in the 4th quarter. Smartleaf Asset Management LLC now owns 1,206 shares of the real estate investment trust’s stock worth $52,000 after purchasing an additional 491 shares during the last quarter. Salem Investment Counselors Inc. increased its stake in shares of UDR by 62.7% in the fourth quarter. Salem Investment Counselors Inc. now owns 1,349 shares of the real estate investment trust’s stock valued at $59,000 after purchasing an additional 520 shares during the period. Catalyst Capital Advisors LLC bought a new stake in shares of UDR during the fourth quarter valued at approximately $63,000. Finally, Eastern Bank bought a new position in UDR in the 4th quarter worth approximately $68,000. 97.84% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

UDR has been the topic of several recent analyst reports. Barclays cut their target price on UDR from $50.00 to $48.00 and set an “overweight” rating on the stock in a research note on Friday, January 24th. StockNews.com raised shares of UDR from a “sell” rating to a “hold” rating in a report on Thursday, February 6th. Scotiabank raised their target price on shares of UDR from $48.00 to $49.00 and gave the company a “sector perform” rating in a research note on Friday, February 14th. Wells Fargo & Company reduced their price target on shares of UDR from $48.00 to $45.00 and set an “overweight” rating for the company in a research note on Friday, January 24th. Finally, Royal Bank of Canada raised their price objective 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. One equities research analyst has rated the stock with a sell rating, eleven have assigned a hold rating and seven have assigned a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $46.12.

Insider Buying and Selling

In related news, CEO Thomas W. Toomey sold 25,000 shares of the company’s 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 directly owns 824,716 shares of the company’s stock, valued at approximately $35,256,609. The trade was a 2.94 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 3.73% of the company’s stock.

UDR Stock Down 2.9 %

Shares of UDR stock opened at $39.25 on Tuesday. UDR, Inc. has a 12-month low of $35.14 and a 12-month high of $47.55. The firm has a market capitalization of $13.00 billion, a PE ratio of 157.01, a price-to-earnings-growth ratio of 8.67 and a beta of 0.78. The company has a quick ratio of 5.91, a current ratio of 5.61 and a debt-to-equity ratio of 1.71. The stock’s fifty day moving average is $43.33 and its 200-day moving average is $43.60.

UDR (NYSE:UDR) last issued its quarterly earnings results on Wednesday, February 5th. The real estate investment trust reported $0.63 earnings per share for the quarter, topping 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%. Equities analysts anticipate that UDR, Inc. will post 2.51 earnings per share for the current year.

UDR Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Thursday, April 10th will be issued a dividend of $0.43 per share. The ex-dividend date is Thursday, April 10th. This represents a $1.72 dividend on an annualized basis and a dividend yield of 4.38%. This is a positive change from UDR’s previous quarterly dividend of $0.43. UDR’s payout ratio is currently 688.00%.

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.