Allianz Asset Management GmbH Grows Holdings in UDR, Inc. (NYSE:UDR)

Allianz Asset Management GmbH lifted its holdings in UDR, Inc. (NYSE:UDR) by 6.7% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,032,799 shares of the real estate investment trust’s stock after buying an additional 64,714 shares during the quarter. Allianz Asset Management GmbH owned approximately 0.31% of UDR worth $44,834,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of UDR. Activest Wealth Management purchased a new stake in shares of UDR in the 3rd quarter worth about $27,000. Brooklyn Investment Group purchased a new stake in shares of UDR in the 3rd quarter worth about $33,000. Continuum Advisory LLC grew its position in shares of UDR by 5,335.3% in the 3rd quarter. Continuum Advisory LLC now owns 924 shares of the real estate investment trust’s stock worth $41,000 after buying an additional 907 shares during the period. Salem Investment Counselors Inc. boosted its stake in UDR by 62.7% in the 4th quarter. Salem Investment Counselors Inc. now owns 1,349 shares of the real estate investment trust’s stock worth $59,000 after purchasing an additional 520 shares in the last quarter. Finally, Catalyst Capital Advisors LLC bought a new position in UDR in the 4th quarter worth about $63,000. 97.84% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on UDR. Mizuho dropped their price target on shares of UDR from $47.00 to $45.00 and set a “neutral” rating on the stock in a research note on Monday, January 6th. StockNews.com upgraded shares of UDR from a “sell” rating to a “hold” rating in a research note on Thursday, February 6th. Royal Bank of Canada upped their target price 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. Zelman & Associates restated a “neutral” rating on shares of UDR in a research note on Thursday, February 13th. Finally, Evercore ISI upped their target price on shares of UDR from $43.00 to $45.00 and gave the company an “in-line” rating in a research note on Monday, February 10th. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating and eight have issued a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Hold” and an average price target of $46.18.

Insider Buying and Selling

In related news, CEO Thomas W. Toomey sold 25,000 shares of the stock in a transaction that occurred on 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 completion of the sale, the chief executive officer now directly owns 824,716 shares of the company’s stock, valued at approximately $35,256,609. This represents a 2.94 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 3.73% of the stock is currently owned by insiders.

UDR Price Performance

NYSE UDR opened at $42.84 on Friday. UDR, Inc. has a 52 week low of $34.76 and a 52 week high of $47.55. The firm has a market capitalization of $14.19 billion, a P/E ratio of 171.36, a PEG ratio of 8.67 and a beta of 0.88. 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 company has a 50-day moving average price of $42.27 and a 200-day moving average price of $43.57.

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

UDR Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, January 31st. Investors of record on Thursday, January 9th were issued a $0.425 dividend. This represents a $1.70 annualized dividend and a yield of 3.97%. The ex-dividend date was Friday, January 10th. UDR’s dividend payout ratio is 680.00%.

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.