Diamond Hill Capital Management Inc. Sells 190,591 Shares of UDR, Inc. (NYSE:UDR)

Diamond Hill Capital Management Inc. reduced its stake in UDR, Inc. (NYSE:UDR) by 13.1% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 1,263,301 shares of the real estate investment trust’s stock after selling 190,591 shares during the period. Diamond Hill Capital Management Inc. owned approximately 0.38% of UDR worth $54,840,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of the stock. Exchange Traded Concepts LLC increased its holdings in UDR by 8.8% in the 4th quarter. Exchange Traded Concepts LLC now owns 3,330 shares of the real estate investment trust’s stock valued at $145,000 after acquiring an additional 269 shares during the last quarter. Empowered Funds LLC increased its holdings in UDR by 7.1% in the 3rd quarter. Empowered Funds LLC now owns 5,246 shares of the real estate investment trust’s stock valued at $238,000 after acquiring an additional 350 shares during the last quarter. Smartleaf Asset Management LLC increased its holdings in UDR by 68.7% in the 4th quarter. Smartleaf Asset Management LLC now owns 1,206 shares of the real estate investment trust’s stock valued at $52,000 after acquiring an additional 491 shares during the last quarter. IRON Financial LLC increased its holdings in UDR by 3.0% in the 4th quarter. IRON Financial LLC now owns 17,674 shares of the real estate investment trust’s stock valued at $767,000 after acquiring an additional 511 shares during the last quarter. Finally, Salem Investment Counselors Inc. increased its holdings in shares of 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 buying an additional 520 shares during the last quarter. 97.84% of the stock is currently owned by institutional investors.

Insider Transactions at UDR

In other news, CEO Thomas W. Toomey sold 25,000 shares of the company’s 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 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 3.73% of the company’s stock.

Analyst Ratings Changes

A number of analysts have recently weighed in on UDR shares. Royal Bank of Canada boosted their target price on shares of UDR from $43.00 to $44.00 and gave the stock a “sector perform” rating in a report on Friday, February 7th. Mizuho reduced their target price 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. Zelman & Associates restated a “neutral” rating on shares of UDR in a report on Thursday, February 13th. StockNews.com upgraded shares of UDR from a “sell” rating to a “hold” rating in a report on Thursday, February 6th. Finally, Scotiabank boosted their target price on shares of UDR from $48.00 to $49.00 and gave the stock a “sector perform” rating in a report on Friday, February 14th. One equities research analyst has rated the stock with a sell rating, eleven have issued a hold rating and seven have assigned a buy rating to the company’s stock. Based on data from MarketBeat, UDR presently has a consensus rating of “Hold” and a consensus target price of $46.12.

UDR Price Performance

UDR stock opened at $42.54 on Friday. The stock has a market cap of $14.09 billion, a price-to-earnings ratio of 170.16, a price-to-earnings-growth ratio of 8.67 and a beta of 0.88. The company has a debt-to-equity ratio of 1.71, a current ratio of 5.61 and a quick ratio of 5.91. UDR, Inc. has a 1 year low of $35.14 and a 1 year high of $47.55. The firm has a 50-day moving average of $42.49 and a two-hundred day moving average of $43.80.

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

UDR Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 30th. Shareholders of record on Thursday, April 10th will be given a $0.43 dividend. This represents a $1.72 annualized dividend and a yield of 4.04%. This is a boost from UDR’s previous quarterly dividend of $0.43. UDR’s payout ratio is 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.