UDR, Inc. (NYSE:UDR) Shares Sold by Lighthouse Investment Partners LLC

Lighthouse Investment Partners LLC decreased its position in UDR, Inc. (NYSE:UDR - Free Report) by 89.0% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 31,909 shares of the real estate investment trust's stock after selling 258,091 shares during the period. Lighthouse Investment Partners LLC's holdings in UDR were worth $1,385,000 as of its most recent SEC filing.

Other institutional investors have also bought and sold shares of the company. Townsquare Capital LLC grew its stake in UDR by 4.8% in the 4th quarter. Townsquare Capital LLC now owns 5,173 shares of the real estate investment trust's stock valued at $225,000 after buying an additional 237 shares in the last quarter. Exchange Traded Concepts LLC grew its position in shares of UDR by 8.8% in the fourth quarter. Exchange Traded Concepts LLC now owns 3,330 shares of the real estate investment trust's stock valued at $145,000 after purchasing an additional 269 shares in the last quarter. Smartleaf Asset Management LLC grew its position in shares of UDR by 68.7% in the fourth quarter. Smartleaf Asset Management LLC now owns 1,206 shares of the real estate investment trust's stock valued at $52,000 after purchasing an additional 491 shares in the last quarter. IRON Financial LLC raised its stake in shares of UDR by 3.0% during the 4th quarter. IRON Financial LLC now owns 17,674 shares of the real estate investment trust's stock valued at $767,000 after purchasing an additional 511 shares during the period. Finally, Salem Investment Counselors Inc. lifted its holdings in UDR by 62.7% during the 4th quarter. Salem Investment Counselors Inc. now owns 1,349 shares of the real estate investment trust's stock worth $59,000 after purchasing an additional 520 shares in the last quarter. Hedge funds and other institutional investors own 97.84% of the company's stock.

Analysts Set New Price Targets

Several research analysts have recently weighed in on the stock. Scotiabank upped their price target on shares of UDR from $48.00 to $49.00 and gave the stock a "sector perform" rating in a report on Friday, February 14th. Barclays boosted their target price on UDR from $48.00 to $51.00 and gave the stock an "overweight" rating in a research report on Friday, May 9th. Wells Fargo & Company lowered their price target on UDR from $48.00 to $45.00 and set an "overweight" rating on the stock in a report on Friday, January 24th. StockNews.com upgraded UDR from a "sell" rating to a "hold" rating in a research report on Thursday, February 6th. Finally, Royal Bank of Canada upped their price objective on shares of UDR from $43.00 to $44.00 and gave the stock a "sector perform" rating in a research report on Thursday, May 8th. One research analyst has rated the stock with a sell rating, ten have given a hold rating and seven have given a buy rating to the company's stock. Based on data from MarketBeat, UDR presently has an average rating of "Hold" and an average target price of $46.69.

UDR Price Performance

UDR stock traded down $0.22 during mid-day trading on Monday, hitting $42.20. The company had a trading volume of 237,843 shares, compared to its average volume of 2,135,301. The company has a 50-day moving average price of $42.21 and a 200 day moving average price of $42.93. UDR, Inc. has a 12-month low of $36.61 and a 12-month high of $47.55. The company has a market capitalization of $13.98 billion, a price-to-earnings ratio of 168.61, a P/E/G ratio of 8.67 and a beta of 0.84. The company has a quick ratio of 5.91, a current ratio of 5.61 and a debt-to-equity ratio of 1.71.

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. On average, research analysts anticipate that UDR, Inc. will post 2.51 earnings per share for the current year.

UDR Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, April 30th. Stockholders of record on Thursday, April 10th were given 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 dividend on an annualized basis and a dividend yield of 4.08%. UDR's dividend payout ratio is presently 491.43%.

Insider Activity at UDR

In other UDR news, CEO Thomas W. Toomey sold 25,000 shares of the business's stock in a transaction dated Thursday, February 20th. The shares were sold at an average price of $42.75, for a total value of $1,068,750.00. Following the completion of the transaction, the chief executive officer now directly owns 824,716 shares in the company, valued at approximately $35,256,609. The trade was a 2.94% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 3.39% of the stock is currently owned by corporate insiders.

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.