UDR, Inc. (NYSE:UDR) Shares Sold by Zimmer Partners LP

Zimmer Partners LP cut its holdings in shares of UDR, Inc. (NYSE:UDR) by 52.8% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 25,000 shares of the real estate investment trust’s stock after selling 28,000 shares during the period. Zimmer Partners LP’s holdings in UDR were worth $935,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Principal Securities Inc. acquired a new position in shares of UDR during the 4th quarter valued at $26,000. Fidelis Capital Partners LLC bought a new stake in shares of UDR during the 1st quarter worth $26,000. Quest Partners LLC bought a new stake in shares of UDR during the 4th quarter worth $27,000. Livforsakringsbolaget Skandia Omsesidigt grew its holdings in shares of UDR by 87.3% in the 4th quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 1,435 shares of the real estate investment trust’s stock worth $55,000 after acquiring an additional 669 shares during the last quarter. Finally, Addison Advisors LLC raised its position in shares of UDR by 53.1% during the fourth quarter. Addison Advisors LLC now owns 1,731 shares of the real estate investment trust’s stock worth $66,000 after purchasing an additional 600 shares during the period. 97.84% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on the company. Wedbush increased their price target on UDR from $40.00 to $45.00 and gave the company an “outperform” rating in a research report on Monday, May 6th. BMO Capital Markets upgraded shares of UDR from a “market perform” rating to an “outperform” rating and raised their target price for the stock from $39.00 to $45.00 in a report on Monday, July 15th. JPMorgan Chase & Co. boosted their price target on shares of UDR from $42.00 to $43.00 and gave the company an “overweight” rating in a report on Monday, June 17th. Royal Bank of Canada decreased their price objective on shares of UDR from $41.00 to $40.00 and set a “sector perform” rating for the company in a research note on Thursday. Finally, Morgan Stanley boosted their target price on shares of UDR from $37.00 to $40.00 and gave the company an “equal weight” rating in a research note on Tuesday, May 14th. Eleven investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $41.33.

UDR Stock Up 1.6 %

Shares of UDR stock traded up $0.66 on Thursday, hitting $40.73. The company’s stock had a trading volume of 4,026,827 shares, compared to its average volume of 2,681,498. The stock has a market capitalization of $13.41 billion, a price-to-earnings ratio of 29.22, a P/E/G ratio of 9.01 and a beta of 0.83. UDR, Inc. has a fifty-two week low of $30.95 and a fifty-two week high of $42.42. The firm’s fifty day moving average price is $40.32 and its 200-day moving average price is $38.20. The company has a debt-to-equity ratio of 1.49, a current ratio of 6.61 and a quick ratio of 6.61.

UDR (NYSE:UDR) last announced its quarterly earnings results on Tuesday, July 30th. The real estate investment trust reported $0.08 earnings per share for the quarter, missing analysts’ consensus estimates of $0.61 by ($0.53). UDR had a return on equity of 3.63% and a net margin of 8.34%. The company had revenue of $415.30 million during the quarter, compared to analyst estimates of $413.75 million. During the same period in the prior year, the firm earned $0.61 EPS. UDR’s quarterly revenue was up 2.7% on a year-over-year basis. Research analysts anticipate that UDR, Inc. will post 2.45 EPS for the current year.

UDR Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, July 31st. Stockholders of record on Wednesday, July 10th were given a $0.425 dividend. This represents a $1.70 dividend on an annualized basis and a dividend yield of 4.17%. The ex-dividend date was Wednesday, July 10th. UDR’s dividend payout ratio is 123.19%.

Insider Transactions at UDR

In other UDR news, SVP Michael D. Lacy sold 4,500 shares of the company’s stock in a transaction dated Friday, May 10th. The shares were sold at an average price of $38.17, for a total transaction of $171,765.00. Following the completion of the sale, the senior vice president now directly owns 8,566 shares in the company, valued at $326,964.22. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, CEO Thomas W. Toomey sold 90,000 shares of the firm’s stock in a transaction on Friday, June 7th. The shares were sold at an average price of $39.52, for a total value of $3,556,800.00. Following the sale, the chief executive officer now owns 849,716 shares in the company, valued at $33,580,776.32. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, SVP Michael D. Lacy sold 4,500 shares of the company’s stock in a transaction on Friday, May 10th. The shares were sold at an average price of $38.17, for a total transaction of $171,765.00. Following the transaction, the senior vice president now owns 8,566 shares of the company’s stock, valued at $326,964.22. The disclosure for this sale can be found here. 3.73% of the stock is owned by corporate insiders.

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.