Guggenheim Capital LLC Cuts Stock Position in UDR, Inc. (NYSE:UDR)

Guggenheim Capital LLC lowered its stake in UDR, Inc. (NYSE:UDR - Free Report) by 90.5% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 17,314 shares of the real estate investment trust's stock after selling 165,517 shares during the period. Guggenheim Capital LLC's holdings in UDR were worth $752,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of UDR. Asset Management One Co. Ltd. boosted its position in UDR by 7.9% during the 4th quarter. Asset Management One Co. Ltd. now owns 587,772 shares of the real estate investment trust's stock worth $25,515,000 after buying an additional 42,926 shares during the period. Principal Financial Group Inc. lifted its holdings in shares of UDR by 45.7% during the fourth quarter. Principal Financial Group Inc. now owns 512,540 shares of the real estate investment trust's stock worth $22,249,000 after purchasing an additional 160,708 shares during the period. JPMorgan Chase & Co. lifted its holdings in shares of UDR by 5.0% during the third quarter. JPMorgan Chase & Co. now owns 7,774,541 shares of the real estate investment trust's stock worth $352,498,000 after purchasing an additional 368,087 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd grew its stake in shares of UDR by 7.0% in the fourth quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 95,344 shares of the real estate investment trust's stock worth $4,139,000 after purchasing an additional 6,217 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. increased its holdings in UDR by 2.2% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 4,367,054 shares of the real estate investment trust's stock valued at $189,574,000 after purchasing an additional 95,022 shares during the period. Institutional investors own 97.84% of the company's stock.

UDR Stock Up 1.4 %

Shares of NYSE UDR traded up $0.58 during midday trading on Wednesday, hitting $41.82. 3,105,851 shares of the stock traded hands, compared to its average volume of 2,176,621. The company has a market cap of $13.85 billion, a PE ratio of 167.28, a P/E/G ratio of 8.67 and a beta of 0.78. The company has a debt-to-equity ratio of 1.71, a quick ratio of 5.91 and a current ratio of 5.61. UDR, Inc. has a one year low of $36.61 and a one year high of $47.55. The business has a 50 day moving average price of $42.70 and a two-hundred day moving average price of $43.09.

UDR (NYSE:UDR - Get Free Report) last announced its earnings results 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. UDR had a return on equity of 2.65% and a net margin of 5.36%. The business's revenue was up 2.0% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.61 EPS. On average, equities analysts predict that UDR, Inc. will post 2.51 EPS for the current year.

UDR Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 30th. Investors of record on Thursday, April 10th will be given a dividend of $0.43 per share. This is a boost from UDR's previous quarterly dividend of $0.43. The ex-dividend date of this dividend is Thursday, April 10th. This represents a $1.72 annualized dividend and a dividend yield of 4.11%. UDR's payout ratio is presently 688.00%.

Insider Activity at UDR

In related news, CEO Thomas W. Toomey sold 25,000 shares of UDR 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 owns 824,716 shares of the company's stock, valued at $35,256,609. The trade was a 2.94 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 3.39% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of research firms have commented on UDR. Wells Fargo & Company reduced their price target on UDR from $48.00 to $45.00 and set an "overweight" rating on the stock in a research report on Friday, January 24th. Jefferies Financial Group cut UDR from a "buy" rating to a "hold" rating and reduced their target price for the company from $50.00 to $45.00 in a report on Thursday, January 2nd. Royal Bank of Canada raised their price target on shares of UDR from $43.00 to $44.00 and gave the stock a "sector perform" rating in a report on Friday, February 7th. Evercore ISI upped their price objective on shares of UDR from $43.00 to $45.00 and gave the company an "in-line" rating in a research note on Monday, February 10th. Finally, Zelman & Associates reissued a "neutral" rating on shares of UDR in a research note on Thursday, February 13th. One investment analyst has rated the stock with a sell rating, eleven have given a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average price target of $46.12.

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.