Versor Investments LP Buys 23,600 Shares of UDR, Inc. (NYSE:UDR)

Versor Investments LP increased its position in UDR, Inc. (NYSE:UDR) by 265.2% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 32,500 shares of the real estate investment trust’s stock after purchasing an additional 23,600 shares during the quarter. Versor Investments LP’s holdings in UDR were worth $1,411,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the company. International Assets Investment Management LLC grew its position in shares of UDR by 4,436.2% during the 3rd quarter. International Assets Investment Management LLC now owns 44,228 shares of the real estate investment trust’s stock worth $2,005,000 after buying an additional 43,253 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. lifted its stake in UDR by 18.4% in the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 71,024 shares of the real estate investment trust’s stock worth $3,195,000 after acquiring an additional 11,047 shares during the period. Wealth Enhancement Advisory Services LLC grew its holdings in UDR by 17.8% during the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 9,242 shares of the real estate investment trust’s stock worth $419,000 after acquiring an additional 1,395 shares in the last quarter. DekaBank Deutsche Girozentrale increased its position in UDR by 17.0% during the 3rd quarter. DekaBank Deutsche Girozentrale now owns 209,493 shares of the real estate investment trust’s stock valued at $9,369,000 after purchasing an additional 30,456 shares during the period. Finally, Nisa Investment Advisors LLC raised its holdings in shares of UDR by 20.7% in the 3rd quarter. Nisa Investment Advisors LLC now owns 229,688 shares of the real estate investment trust’s stock valued at $10,414,000 after purchasing an additional 39,389 shares in the last quarter. 97.84% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, CEO Thomas W. Toomey sold 25,000 shares of the company’s stock in a transaction dated Thursday, February 20th. The stock was sold at an average price of $42.75, for a total value of $1,068,750.00. Following the sale, the chief executive officer now owns 824,716 shares in the company, valued at $35,256,609. This represents a 2.94 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 3.73% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on UDR. Mizuho reduced their price objective on shares of UDR from $47.00 to $45.00 and set a “neutral” rating for the company in a research note on Monday, January 6th. StockNews.com upgraded UDR from a “sell” rating to a “hold” rating in a research note on Thursday, February 6th. Evercore ISI lifted their target price on UDR from $43.00 to $45.00 and gave the company an “in-line” rating in a research note on Monday, February 10th. Scotiabank increased their price target on shares of UDR from $48.00 to $49.00 and gave the company a “sector perform” rating in a research report on Friday, February 14th. Finally, Jefferies Financial Group cut shares of UDR from a “buy” rating to a “hold” rating and lowered their price target for the company from $50.00 to $45.00 in a report on Thursday, January 2nd. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $46.18.

UDR Stock Down 0.1 %

Shares of UDR stock opened at $43.73 on Thursday. UDR, Inc. has a fifty-two week low of $34.76 and a fifty-two week high of $47.55. The firm has a market capitalization of $14.48 billion, a PE ratio of 174.92, a P/E/G ratio of 8.67 and a beta of 0.88. 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 stock’s 50-day simple moving average is $42.25 and its 200-day simple moving average is $43.63.

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 the consensus estimate of $0.10 by $0.53. UDR had a net margin of 5.36% and a return on equity of 2.65%. Equities analysts expect that UDR, Inc. will post 2.51 earnings per share for the current year.

UDR Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, January 31st. Shareholders of record on Thursday, January 9th were issued a $0.425 dividend. This represents a $1.70 annualized dividend and a yield of 3.89%. The ex-dividend date was Friday, January 10th. UDR’s payout ratio is 680.00%.

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.