UDR, Inc. (NYSE:UDR) Shares Sold by OMERS ADMINISTRATION Corp

OMERS ADMINISTRATION Corp lowered its stake in shares of UDR, Inc. (NYSE:UDR - Free Report) by 8.1% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 246,672 shares of the real estate investment trust's stock after selling 21,791 shares during the quarter. OMERS ADMINISTRATION Corp owned about 0.07% of UDR worth $10,708,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. JPMorgan Chase & Co. boosted its position in UDR by 5.0% in the third quarter. JPMorgan Chase & Co. now owns 7,774,541 shares of the real estate investment trust's stock valued at $352,498,000 after buying an additional 368,087 shares during the last quarter. Czech National Bank boosted its position in UDR by 6.5% in the fourth quarter. Czech National Bank now owns 65,104 shares of the real estate investment trust's stock valued at $2,826,000 after buying an additional 3,963 shares during the last quarter. Salem Investment Counselors Inc. boosted its position in 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 during the last quarter. Eastern Bank purchased a new stake in UDR in the fourth quarter valued at approximately $68,000. Finally, Oak Thistle LLC purchased a new stake in UDR in the fourth quarter valued at approximately $559,000. Institutional investors and hedge funds own 97.84% of the company's stock.

Insider Activity at UDR

In other UDR news, CEO Thomas W. Toomey sold 25,000 shares of the firm's stock in a transaction on Thursday, February 20th. The stock was sold at an average price of $42.75, for a total value of $1,068,750.00. Following the completion of the sale, the chief executive officer now directly owns 824,716 shares of the company's stock, valued at $35,256,609. This trade represents a 2.94% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 3.39% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on the company. Barclays upped their target price on UDR from $48.00 to $51.00 and gave the company an "overweight" rating in a research report on Friday, May 9th. StockNews.com upgraded UDR from a "sell" rating to a "hold" rating in a research report on Thursday, February 6th. Scotiabank upped their price objective on 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 report on Thursday, February 13th. Finally, Royal Bank of Canada upped their price objective on 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 issued a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average target price of $46.69.

UDR Price Performance

Shares of UDR stock traded up $0.53 during trading hours on Friday, hitting $42.43. 2,270,450 shares of the company's stock were exchanged, compared to its average volume of 2,142,845. The company has a quick ratio of 5.91, a current ratio of 5.61 and a debt-to-equity ratio of 1.71. The firm has a market cap of $14.06 billion, a P/E ratio of 169.72, a P/E/G ratio of 8.67 and a beta of 0.84. The firm has a 50 day moving average of $42.21 and a two-hundred day moving average of $42.93. UDR, Inc. has a fifty-two week low of $36.61 and a fifty-two 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 EPS for the quarter, meeting the consensus estimate 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 the consensus estimate of $421.23 million. During the same period in the prior year, the company earned $0.61 EPS. The firm's revenue was up 2.0% compared to the same quarter last year. Sell-side analysts forecast that UDR, Inc. will post 2.51 EPS for the current year.

UDR Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, April 30th. Investors of record on Thursday, April 10th were paid a $0.43 dividend. This is an increase from UDR's previous quarterly dividend of $0.43. This represents a $1.72 annualized dividend and a yield of 4.05%. The ex-dividend date was Thursday, April 10th. UDR's dividend payout ratio is currently 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.