CPA Asset Management LLC Cuts Stake in UDR, Inc. (NYSE:UDR)

CPA Asset Management LLC reduced its position in UDR, Inc. (NYSE:UDR) by 8.9% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 34,652 shares of the real estate investment trust’s stock after selling 3,380 shares during the quarter. UDR comprises approximately 0.7% of CPA Asset Management LLC’s investment portfolio, making the stock its 24th biggest holding. CPA Asset Management LLC’s holdings in UDR were worth $1,504,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. Activest Wealth Management purchased a new position in UDR in the third quarter worth $27,000. Brooklyn Investment Group purchased a new position in UDR in the third quarter worth $33,000. Continuum Advisory LLC grew its holdings 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 valued at $41,000 after buying an additional 907 shares during the last quarter. Salem Investment Counselors Inc. grew its holdings in shares of UDR by 62.7% during 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 buying an additional 520 shares during the last quarter. Finally, Catalyst Capital Advisors LLC purchased a new stake in shares of UDR during the fourth quarter valued at $63,000. 97.84% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

UDR has been the topic of a number of research analyst reports. Royal Bank of Canada boosted 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. Mizuho dropped their price objective on shares of UDR from $47.00 to $45.00 and set a “neutral” rating on the stock in a report on Monday, January 6th. Evercore ISI boosted their price objective on shares of UDR from $43.00 to $45.00 and gave the company an “in-line” rating in a report on Monday, February 10th. Jefferies Financial Group lowered shares of UDR from a “buy” rating to a “hold” rating and dropped 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 equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating and eight have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $46.18.

Insider Buying and Selling

In related news, CEO Thomas W. Toomey sold 25,000 shares of the firm’s stock in a transaction dated Thursday, February 20th. The shares were sold at an average price of $42.75, for a total value 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. This trade represents a 2.94 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders own 3.73% of the company’s stock.

UDR Trading Up 1.4 %

Shares of UDR stock opened at $43.80 on Wednesday. The firm has a 50-day simple moving average of $42.23 and a two-hundred day simple moving average of $43.63. The company has a market cap of $14.50 billion, a P/E ratio of 175.18, a price-to-earnings-growth ratio of 8.67 and a beta of 0.88. UDR, Inc. has a fifty-two week low of $34.76 and a fifty-two week high of $47.55. The company has a debt-to-equity ratio of 1.71, a quick ratio of 5.91 and a current ratio of 5.61.

UDR (NYSE:UDR) last issued its quarterly earnings data 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 net margin of 5.36% and a return on equity of 2.65%. As a group, equities analysts predict that UDR, Inc. will post 2.51 earnings per share for the current fiscal year.

UDR Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, January 31st. Shareholders of record on Thursday, January 9th were given a $0.425 dividend. The ex-dividend date of this dividend was Friday, January 10th. This represents a $1.70 dividend on an annualized basis and a dividend yield of 3.88%. 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.