Rhumbline Advisers Purchases 59,443 Shares of UDR, Inc. (NYSE:UDR)

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

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in UDR. Smartleaf Asset Management LLC boosted its stake in shares of UDR by 68.7% during 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. Continuum Advisory LLC raised its holdings in shares of UDR by 38.0% during the fourth quarter. Continuum Advisory LLC now owns 1,275 shares of the real estate investment trust's stock worth $55,000 after acquiring an additional 351 shares in the last quarter. Catalyst Capital Advisors LLC purchased a new stake in shares of UDR during the fourth quarter worth $63,000. Wingate Wealth Advisors Inc. acquired a new stake in UDR during the fourth quarter valued at $87,000. Finally, Atlas Capital Advisors Inc. purchased a new position in UDR in the fourth quarter valued at about $114,000. 97.84% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on UDR shares. Evercore ISI raised their price target on UDR from $43.00 to $45.00 and gave the stock an "in-line" rating in a research note on Monday, February 10th. Barclays raised their price objective on shares of UDR from $48.00 to $51.00 and gave the company an "overweight" rating in a research report on Friday, May 9th. 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 research report on Friday, February 14th. Zelman & Associates restated a "neutral" rating on shares of UDR in a research note on Thursday, February 13th. Finally, Mizuho cut their price target on shares of UDR from $45.00 to $41.00 and set a "neutral" rating on the stock in a report on Friday, May 23rd. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating and seven have given a buy rating to the company's stock. Based on data from MarketBeat.com, UDR has an average rating of "Hold" and a consensus target price of $46.44.

UDR Stock Performance

NYSE:UDR traded up $0.09 during mid-day trading on Friday, hitting $41.07. 2,166,167 shares of the company's stock traded hands, compared to its average volume of 2,161,635. The firm has a market capitalization of $13.61 billion, a price-to-earnings ratio of 164.29, a price-to-earnings-growth ratio of 8.67 and a beta of 0.83. The firm has a 50 day moving average of $41.38 and a two-hundred day moving average of $42.66. 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, Inc. has a 12 month low of $36.61 and a 12 month 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 for the quarter, meeting the consensus estimate of $0.61. The company had revenue of $419.84 million during the quarter, compared to analysts' expectations of $421.23 million. UDR had a return on equity of 2.65% and a net margin of 5.36%. UDR's revenue for the quarter was up 2.0% compared to the same quarter last year. During the same period in the prior year, the business earned $0.61 earnings per share. On average, equities analysts forecast that UDR, Inc. will post 2.51 earnings per share for the current fiscal year.

UDR Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, April 30th. Stockholders of record on Thursday, April 10th were issued a dividend of $0.43 per share. This is an increase from UDR's previous quarterly dividend of $0.43. The ex-dividend date was Thursday, April 10th. This represents a $1.72 annualized dividend and a dividend yield of 4.19%. UDR's payout ratio is presently 491.43%.

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.