Amalgamated Bank Has $2.56 Million Stock Position in UDR, Inc. (NYSE:UDR)

Amalgamated Bank lowered its holdings in shares of UDR, Inc. (NYSE:UDR) by 2.4% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 59,011 shares of the real estate investment trust’s stock after selling 1,441 shares during the period. Amalgamated Bank’s holdings in UDR were worth $2,562,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of UDR. Fjarde AP Fonden Fourth Swedish National Pension Fund increased its holdings in shares of UDR by 77.7% during the 4th quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 71,331 shares of the real estate investment trust’s stock worth $3,096,000 after acquiring an additional 31,200 shares during the last quarter. Winebrenner Capital Management LLC acquired a new position in shares of UDR in the fourth quarter valued at $521,000. Hudson Edge Investment Partners Inc. raised its position in shares of UDR by 2.6% in the fourth quarter. Hudson Edge Investment Partners Inc. now owns 141,323 shares of the real estate investment trust’s stock valued at $6,135,000 after purchasing an additional 3,563 shares during the period. Allianz Asset Management GmbH lifted its stake in shares of UDR by 6.7% during the 4th quarter. Allianz Asset Management GmbH now owns 1,032,799 shares of the real estate investment trust’s stock worth $44,834,000 after buying an additional 64,714 shares during the last quarter. Finally, Pacific Sun Financial Corp boosted its holdings in shares of UDR by 9.3% during the 4th quarter. Pacific Sun Financial Corp now owns 10,436 shares of the real estate investment trust’s stock worth $453,000 after buying an additional 885 shares during the period. Institutional investors and hedge funds own 97.84% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on the stock. Wells Fargo & Company lowered their price target on shares of UDR from $48.00 to $45.00 and set an “overweight” rating on the stock in a report on Friday, January 24th. Scotiabank increased their target price on UDR from $48.00 to $49.00 and gave the stock a “sector perform” rating in a research note on Friday, February 14th. Barclays dropped their price target on UDR from $50.00 to $48.00 and set an “overweight” rating for the company in a report on Friday, January 24th. Mizuho decreased their price objective on UDR from $47.00 to $45.00 and set a “neutral” rating on the stock in a report on Monday, January 6th. 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 issued a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $46.18.

Insider Buying and Selling

In other UDR news, CEO Thomas W. Toomey sold 25,000 shares of the business’s stock in a transaction dated 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 completion of the transaction, the chief executive officer now 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 3.73% of the stock is owned by corporate insiders.

UDR Trading Up 1.9 %

Shares of UDR stock opened at $45.17 on Friday. The company has a quick ratio of 5.91, a current ratio of 5.61 and a debt-to-equity ratio of 1.71. UDR, Inc. has a 12-month low of $34.99 and a 12-month high of $47.55. The company has a market capitalization of $14.96 billion, a price-to-earnings ratio of 180.69, a PEG ratio of 8.67 and a beta of 0.88. The firm’s 50-day moving average price is $42.32 and its two-hundred day moving average price is $43.68.

UDR (NYSE:UDR) last posted its quarterly earnings results on Wednesday, February 5th. The real estate investment trust reported $0.63 earnings per share (EPS) 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%. On average, analysts forecast that UDR, Inc. will post 2.51 earnings per share for the current fiscal year.

UDR Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, January 31st. Stockholders of record on Thursday, January 9th were issued a dividend of $0.425 per share. 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 3.76%. UDR’s dividend payout ratio (DPR) is currently 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.