UDR, Inc. (NYSE:UDR) Shares Bought by Rhumbline Advisers

Rhumbline Advisers increased its holdings in shares of UDR, Inc. (NYSE:UDR - Free Report) by 9.6% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 675,843 shares of the real estate investment trust's stock after buying an additional 59,443 shares during the quarter. Rhumbline Advisers owned about 0.20% of UDR worth $30,528,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in UDR. Vanguard Group Inc. raised its holdings in shares of UDR by 0.4% in the 4th quarter. Vanguard Group Inc. now owns 50,809,731 shares of the real estate investment trust's stock worth $2,205,650,000 after purchasing an additional 180,551 shares during the period. Norges Bank purchased a new position in shares of UDR in the 4th quarter worth about $1,273,442,000. Capital Research Global Investors raised its holdings in shares of UDR by 64.1% in the 4th quarter. Capital Research Global Investors now owns 13,060,120 shares of the real estate investment trust's stock worth $566,940,000 after purchasing an additional 5,101,668 shares during the period. FMR LLC raised its holdings in shares of UDR by 10.5% in the 4th quarter. FMR LLC now owns 12,592,458 shares of the real estate investment trust's stock worth $546,639,000 after purchasing an additional 1,191,432 shares during the period. Finally, Geode Capital Management LLC raised its holdings in shares of UDR by 2.9% in the 4th quarter. Geode Capital Management LLC now owns 7,924,151 shares of the real estate investment trust's stock worth $343,129,000 after purchasing an additional 220,293 shares during the period. 97.84% of the stock is currently owned by hedge funds and other institutional investors.

UDR Stock Up 0.2%

NYSE UDR traded up $0.09 during mid-day trading on Friday, reaching $41.07. 2,166,167 shares of the company's stock traded hands, compared to its average volume of 2,165,246. UDR, Inc. has a 1-year low of $36.61 and a 1-year high of $47.55. The company has a fifty day simple moving average of $41.30 and a 200-day simple moving average of $42.61. The company has a current ratio of 5.61, a quick ratio of 5.91 and a debt-to-equity ratio of 1.71. The company has a market cap of $13.61 billion, a price-to-earnings ratio of 164.29, a P/E/G ratio of 8.67 and a beta of 0.83.

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

UDR Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, April 30th. Shareholders of record on Thursday, April 10th were paid a dividend of $0.43 per share. This represents a $1.72 dividend on an annualized basis and a yield of 4.19%. The ex-dividend date was Thursday, April 10th. This is a positive change from UDR's previous quarterly dividend of $0.43. UDR's dividend payout ratio (DPR) is 491.43%.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on UDR. Barclays raised their price objective on UDR from $48.00 to $51.00 and gave the stock an "overweight" rating in a report on Friday, May 9th. Royal Bank of Canada raised their price objective on UDR from $43.00 to $44.00 and gave the stock a "sector perform" rating in a report on Thursday, May 8th. Mizuho cut their price objective on UDR from $45.00 to $41.00 and set a "neutral" rating on the stock in a report on Friday, May 23rd. Zelman & Associates restated a "neutral" rating on shares of UDR in a report on Thursday, February 13th. Finally, Scotiabank increased their target price on UDR from $48.00 to $49.00 and gave the company a "sector perform" rating in a research note on Friday, February 14th. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat.com, UDR presently has an average rating of "Hold" and a consensus target price of $46.44.

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.