Oppenheimer & Co. Inc. lowered its stake in shares of UDR, Inc. (NYSE:UDR) by 4.3% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 48,729 shares of the real estate investment trust’s stock after selling 2,180 shares during the period. Oppenheimer & Co. Inc.’s holdings in UDR were worth $2,215,000 as of its most recent filing with the Securities & Exchange Commission.
Other institutional investors also recently bought and sold shares of the company. Oregon Public Employees Retirement Fund lifted its holdings in UDR by 3,986.5% during the fourth quarter. Oregon Public Employees Retirement Fund now owns 1,198,148 shares of the real estate investment trust’s stock worth $30,000 after buying an additional 1,168,828 shares during the period. Capital Investment Advisory Services LLC purchased a new stake in UDR during the fourth quarter worth $55,000. Pearl River Capital LLC purchased a new stake in UDR during the fourth quarter worth $87,000. First Quadrant L P CA purchased a new stake in UDR during the fourth quarter worth $91,000. Finally, Advisory Services Network LLC lifted its holdings in UDR by 29.7% during the fourth quarter. Advisory Services Network LLC now owns 3,138 shares of the real estate investment trust’s stock worth $124,000 after buying an additional 718 shares during the period. Institutional investors own 97.38% of the company’s stock.
A number of analysts have weighed in on the company. Zacks Investment Research lowered UDR from a “hold” rating to a “sell” rating in a report on Thursday, February 21st. Barclays restated a “hold” rating and set a $46.00 target price on shares of UDR in a report on Tuesday, April 16th. Goldman Sachs Group lowered UDR from a “neutral” rating to a “sell” rating and lowered their target price for the stock from $43.00 to $39.00 in a report on Monday, March 11th. Finally, BMO Capital Markets restated a “hold” rating and set a $49.00 target price on shares of UDR in a report on Monday, March 25th. Three investment analysts have rated the stock with a sell rating, six have issued a hold rating and six have given a buy rating to the company. The company has an average rating of “Hold” and a consensus target price of $44.00.
UDR (NYSE:UDR) last issued its quarterly earnings data on Tuesday, February 12th. The real estate investment trust reported $0.30 EPS for the quarter, missing the consensus estimate of $0.49 by ($0.19). UDR had a net margin of 19.40% and a return on equity of 7.50%. The business had revenue of $264.73 million for the quarter, compared to analysts’ expectations of $262.98 million. During the same quarter in the prior year, the company posted $0.25 EPS. The business’s revenue for the quarter was up 5.8% on a year-over-year basis. Analysts forecast that UDR, Inc. will post 2.06 earnings per share for the current year.
The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 30th. Investors of record on Tuesday, April 9th will be paid a $0.3425 dividend. This is a positive change from UDR’s previous quarterly dividend of $0.32. The ex-dividend date of this dividend is Monday, April 8th. This represents a $1.37 dividend on an annualized basis and a yield of 3.04%. UDR’s dividend payout ratio (DPR) is 69.90%.
In related news, SVP Harry G. Alcock sold 10,000 shares of the firm’s stock in a transaction on Thursday, April 4th. The stock was sold at an average price of $45.37, for a total value of $453,700.00. Following the completion of the transaction, the senior vice president now owns 117,284 shares in the company, valued at approximately $5,321,175.08. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Warren L. Troupe sold 50,000 shares of the firm’s stock in a transaction on Friday, February 15th. The stock was sold at an average price of $44.66, for a total value of $2,233,000.00. Following the completion of the transaction, the vice president now owns 495,761 shares of the company’s stock, valued at approximately $22,140,686.26. The disclosure for this sale can be found here. Insiders sold a total of 124,289 shares of company stock valued at $5,586,476 in the last 90 days. 2.85% of the stock is currently owned by company insiders.
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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 properties in targeted U.S.
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