Cary Street Partners Financial LLC Acquires New Holdings in UDR, Inc. (NYSE:UDR)

Cary Street Partners Financial LLC acquired a new stake in shares of UDR, Inc. (NYSE:UDR - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 13,753 shares of the real estate investment trust's stock, valued at approximately $597,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Bayesian Capital Management LP bought a new stake in UDR during the 4th quarter valued at about $881,000. BNP Paribas Financial Markets increased its stake in UDR by 20.4% during the 4th quarter. BNP Paribas Financial Markets now owns 496,585 shares of the real estate investment trust's stock valued at $21,557,000 after purchasing an additional 84,303 shares in the last quarter. Ameriprise Financial Inc. increased its stake in UDR by 2.8% during the 4th quarter. Ameriprise Financial Inc. now owns 468,421 shares of the real estate investment trust's stock valued at $20,334,000 after purchasing an additional 12,795 shares in the last quarter. Algert Global LLC increased its stake in UDR by 23.1% during the 4th quarter. Algert Global LLC now owns 12,000 shares of the real estate investment trust's stock valued at $521,000 after purchasing an additional 2,250 shares in the last quarter. Finally, AXA S.A. increased its stake in UDR by 58.0% during the 4th quarter. AXA S.A. now owns 856,023 shares of the real estate investment trust's stock valued at $37,160,000 after purchasing an additional 314,373 shares in the last quarter. 97.84% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research firms have weighed in on UDR. 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 lifted their price target on shares of UDR from $43.00 to $44.00 and gave the stock a "sector perform" rating in a research note on Thursday. Evercore ISI lifted their price target on shares of UDR from $43.00 to $45.00 and gave the stock an "in-line" rating in a research note on Monday, February 10th. Wells Fargo & Company dropped their target price on UDR from $48.00 to $45.00 and set an "overweight" rating on the stock in a research report on Friday, January 24th. Finally, Barclays upped their price target on shares of UDR from $48.00 to $51.00 and gave the company an "overweight" rating in a research report on Friday. One investment analyst has rated the stock with a sell rating, eleven have assigned a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of "Hold" and a consensus price target of $46.29.

Insider Buying and Selling at UDR

In other UDR news, CEO Thomas W. Toomey sold 25,000 shares of the business's stock in a transaction 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. The trade was a 2.94% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Company insiders own 3.39% of the company's stock.

UDR Price Performance

Shares of UDR stock traded up $0.29 during mid-day trading on Monday, hitting $42.58. The company had a trading volume of 1,555,145 shares, compared to its average volume of 2,137,176. The company has a market capitalization of $14.10 billion, a P/E ratio of 170.30, a P/E/G ratio of 8.67 and a beta of 0.84. The stock's 50 day moving average price is $42.45 and its 200-day moving average price is $42.99. 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 52-week low of $36.61 and a 52-week high of $47.55.

UDR (NYSE:UDR - Get Free Report) last posted its quarterly earnings data on Wednesday, April 30th. The real estate investment trust reported $0.61 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.61. The business had revenue of $419.84 million during the quarter, compared to analyst estimates of $421.23 million. UDR had a return on equity of 2.65% and a net margin of 5.36%. The company's revenue for the quarter was up 2.0% on a year-over-year basis. During the same period last year, the company earned $0.61 EPS. Equities research analysts forecast that UDR, Inc. will post 2.51 earnings per share for the current year.

UDR Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, April 30th. Shareholders of record on Thursday, April 10th were given a dividend of $0.43 per share. This is a boost from UDR's previous quarterly dividend of $0.43. The ex-dividend date was Thursday, April 10th. This represents a $1.72 dividend on an annualized basis and a yield of 4.04%. UDR's payout ratio is 491.43%.

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.