Handelsbanken Fonder AB Decreases Stock Holdings in UDR, Inc. (NYSE:UDR)

Handelsbanken Fonder AB decreased its position in UDR, Inc. (NYSE:UDR) by 4.6% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 85,800 shares of the real estate investment trust’s stock after selling 4,100 shares during the quarter. Handelsbanken Fonder AB’s holdings in UDR were worth $3,725,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of UDR. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in shares of UDR by 862.3% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 3,086,964 shares of the real estate investment trust’s stock valued at $139,963,000 after acquiring an additional 2,766,172 shares during the period. Mizuho Securities USA LLC increased its position in shares of UDR by 8,460.5% during the third quarter. Mizuho Securities USA LLC now owns 2,000,000 shares of the real estate investment trust’s stock valued at $90,680,000 after buying an additional 1,976,637 shares during the period. FMR LLC increased its position in shares of UDR by 14.8% during the third quarter. FMR LLC now owns 11,401,026 shares of the real estate investment trust’s stock valued at $516,923,000 after buying an additional 1,471,855 shares during the period. JPMorgan Chase & Co. increased its position in shares of UDR by 5.0% during the third quarter. JPMorgan Chase & Co. now owns 7,774,541 shares of the real estate investment trust’s stock valued at $352,498,000 after buying an additional 368,087 shares during the period. Finally, Los Angeles Capital Management LLC increased its position in shares of UDR by 1,665.3% during the third quarter. Los Angeles Capital Management LLC now owns 369,448 shares of the real estate investment trust’s stock valued at $16,751,000 after buying an additional 348,520 shares during the period. Hedge funds and other institutional investors own 97.84% of the company’s stock.

Analyst Ratings Changes

Several equities analysts recently issued reports on UDR shares. Mizuho reduced their price target on shares of UDR from $47.00 to $45.00 and set a “neutral” rating on the stock in a research report on Monday, January 6th. Wells Fargo & Company reduced their price target on shares of UDR from $48.00 to $45.00 and set an “overweight” rating on the stock in a research report on Friday, January 24th. Royal Bank of Canada boosted their price target on shares of UDR from $43.00 to $44.00 and gave the company a “sector perform” rating in a research report on Friday, February 7th. Barclays reduced their price target on shares of UDR from $50.00 to $48.00 and set an “overweight” rating on the stock in a research report on Friday, January 24th. Finally, Evercore ISI upped their price objective on shares of UDR from $43.00 to $45.00 and gave the stock an “in-line” rating in a report on Monday, February 10th. 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 company’s stock. According to MarketBeat, UDR currently has a consensus rating of “Hold” and an average target price of $46.18.

Insider Activity at UDR

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 transaction of $1,068,750.00. Following the transaction, 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 document filed with the Securities & Exchange Commission, which is available at the SEC website. 3.73% of the stock is owned by insiders.

UDR Trading Down 0.4 %

Shares of NYSE UDR opened at $42.84 on Monday. The firm’s 50 day moving average price is $42.27 and its 200-day moving average price is $43.59. The company has a market cap of $14.19 billion, a PE ratio of 171.36, a P/E/G ratio of 8.67 and a beta of 0.88. UDR, Inc. has a 52-week low of $34.76 and a 52-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, beating 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%. On average, equities research analysts expect that UDR, Inc. will post 2.51 EPS for the current fiscal year.

UDR Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, January 31st. Investors of record on Thursday, January 9th were given 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 yield of 3.97%. UDR’s dividend payout ratio (DPR) 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.