Ameriprise Financial Inc. Raises Position in UDR, Inc. (NYSE:UDR)

Ameriprise Financial Inc. boosted its position in shares of UDR, Inc. (NYSE:UDR - Free Report) by 2.8% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 468,421 shares of the real estate investment trust's stock after buying an additional 12,795 shares during the quarter. Ameriprise Financial Inc. owned approximately 0.14% of UDR worth $20,334,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Algert Global LLC lifted its position in UDR by 23.1% during the 4th quarter. Algert Global LLC now owns 12,000 shares of the real estate investment trust's stock valued at $521,000 after purchasing an additional 2,250 shares during the period. AXA S.A. grew its stake in shares of UDR by 58.0% during the fourth quarter. AXA S.A. now owns 856,023 shares of the real estate investment trust's stock worth $37,160,000 after purchasing an additional 314,373 shares during the period. Mercer Global Advisors Inc. ADV boosted its stake in UDR by 779.4% during the 4th quarter. Mercer Global Advisors Inc. ADV now owns 39,404 shares of the real estate investment trust's stock worth $1,711,000 after acquiring an additional 34,923 shares during the last quarter. AQR Capital Management LLC grew its holdings in UDR by 55.8% during the fourth quarter. AQR Capital Management LLC now owns 123,132 shares of the real estate investment trust's stock valued at $5,330,000 after purchasing an additional 44,116 shares during the period. Finally, Northern Trust Corp increased its stake in UDR by 54.2% in the fourth quarter. Northern Trust Corp now owns 4,853,979 shares of the real estate investment trust's stock valued at $210,711,000 after purchasing an additional 1,706,037 shares in the last quarter. 97.84% of the stock is currently owned by institutional investors.

UDR Stock Down 1.8%

Shares of UDR traded down $0.74 on Wednesday, reaching $41.26. The company's stock had a trading volume of 86,371 shares, compared to its average volume of 2,130,670. UDR, Inc. has a twelve month low of $36.61 and a twelve month high of $47.55. The stock has a market capitalization of $13.67 billion, a PE ratio of 165.44, a PEG ratio of 8.67 and a beta of 0.84. 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 firm has a fifty day moving average of $42.18 and a 200-day moving average of $42.93.

UDR (NYSE:UDR - Get Free Report) last released its quarterly earnings results 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. The company 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%. The firm's revenue was up 2.0% on a year-over-year basis. During the same period last year, the firm earned $0.61 earnings per share. Equities analysts predict 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. Stockholders of record on Thursday, April 10th were given a $0.43 dividend. This is a positive change from UDR's previous quarterly dividend of $0.43. This represents a $1.72 dividend on an annualized basis and a dividend yield of 4.17%. The ex-dividend date was Thursday, April 10th. UDR's dividend payout ratio (DPR) is 491.43%.

Analyst Upgrades and Downgrades

A number of research firms recently commented on UDR. Scotiabank upped their price objective on shares of UDR from $48.00 to $49.00 and gave the company a "sector perform" rating in a research report on Friday, February 14th. Zelman & Associates reaffirmed a "neutral" rating on shares of UDR in a research note on Thursday, February 13th. Wells Fargo & Company decreased their target price on shares of UDR from $48.00 to $45.00 and set an "overweight" rating for the company in a research report on Friday, January 24th. Royal Bank of Canada raised their target price on shares of UDR from $43.00 to $44.00 and gave the company a "sector perform" rating in a research note on Thursday, May 8th. Finally, StockNews.com raised UDR from a "sell" rating to a "hold" rating in a research report on Thursday, February 6th. One analyst has rated the stock with a sell rating, ten have given a hold rating and seven have issued a buy rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Hold" and a consensus target price of $46.69.

Insiders Place Their Bets

In other news, CEO Thomas W. Toomey sold 25,000 shares of the business's stock in a transaction that occurred on Thursday, February 20th. The stock was 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 of the company's stock, valued at approximately $35,256,609. The trade was a 2.94% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 3.39% of the company's stock.

About UDR

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.