Boothbay Fund Management LLC Lowers Holdings in UDR, Inc. (NYSE:UDR)

Boothbay Fund Management LLC lowered its position in shares of UDR, Inc. (NYSE:UDR - Free Report) by 53.5% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 5,977 shares of the real estate investment trust's stock after selling 6,884 shares during the quarter. Boothbay Fund Management LLC's holdings in UDR were worth $259,000 as of its most recent filing with the SEC.

Other hedge funds also recently made changes to their positions in the company. Townsquare Capital LLC raised its holdings in UDR by 4.8% during the fourth quarter. Townsquare Capital LLC now owns 5,173 shares of the real estate investment trust's stock worth $225,000 after purchasing an additional 237 shares in the last quarter. Exchange Traded Concepts LLC raised its stake in shares of UDR by 8.8% during the 4th quarter. Exchange Traded Concepts LLC now owns 3,330 shares of the real estate investment trust's stock worth $145,000 after buying an additional 269 shares in the last quarter. Smartleaf Asset Management LLC lifted its holdings in shares of 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 buying an additional 491 shares during the period. IRON Financial LLC boosted its stake in shares of UDR by 3.0% in the fourth quarter. IRON Financial LLC now owns 17,674 shares of the real estate investment trust's stock valued at $767,000 after buying an additional 511 shares in the last quarter. Finally, Salem Investment Counselors Inc. boosted its stake in shares of UDR by 62.7% in the fourth quarter. Salem Investment Counselors Inc. now owns 1,349 shares of the real estate investment trust's stock valued at $59,000 after buying an additional 520 shares in the last quarter. Institutional investors and hedge funds own 97.84% of the company's stock.

Insiders Place Their Bets

In other news, CEO Thomas W. Toomey sold 25,000 shares of the stock in a transaction dated 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 directly owns 824,716 shares in the company, valued at $35,256,609. This represents a 2.94 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. 3.39% of the stock is owned by corporate insiders.

UDR Price Performance

NYSE:UDR opened at $43.80 on Friday. UDR, Inc. has a 12-month low of $36.61 and a 12-month high of $47.55. The firm has a market cap of $14.50 billion, a price-to-earnings ratio of 175.18, a price-to-earnings-growth ratio of 8.67 and a beta of 0.78. The company's 50-day moving average is $42.69 and its two-hundred day moving average is $43.07. The company has a current ratio of 5.61, a quick ratio of 5.91 and a debt-to-equity ratio of 1.71.

UDR (NYSE:UDR - Get Free Report) last announced its earnings results on Wednesday, April 30th. The real estate investment trust reported $0.61 earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of $0.61. The firm had revenue of $419.84 million for the quarter, compared to analyst estimates of $421.23 million. UDR had a net margin of 5.36% and a return on equity of 2.65%. UDR's revenue was up 2.0% compared to the same quarter last year. During the same quarter last year, the business earned $0.61 earnings per share. Research analysts expect that UDR, Inc. will post 2.51 EPS for the current year.

UDR Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, April 30th. Investors of record on Thursday, April 10th were given a dividend of $0.43 per share. The ex-dividend date was Thursday, April 10th. This is an increase from UDR's previous quarterly dividend of $0.43. This represents a $1.72 annualized dividend and a yield of 3.93%. UDR's dividend payout ratio is 688.00%.

Wall Street Analyst Weigh In

UDR has been the subject of a number of recent analyst reports. Barclays reduced their target price on UDR from $50.00 to $48.00 and set an "overweight" rating for the company in a report on Friday, January 24th. Evercore ISI boosted 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. Mizuho dropped their target price on shares of UDR from $47.00 to $45.00 and set a "neutral" rating for the company in a report on Monday, January 6th. Zelman & Associates reissued a "neutral" rating on shares of UDR in a research note on Thursday, February 13th. Finally, Royal Bank of Canada upped their price target on UDR from $43.00 to $44.00 and gave the stock a "sector perform" rating in a report on Friday, February 7th. One investment analyst has rated the stock with a sell rating, eleven have given a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of "Hold" and a consensus target price of $46.12.

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.

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