Marshall Wace North America L.P. boosted its position in UDR, Inc. (NYSE:UDR) by 409.9% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 12,106 shares of the real estate investment trust’s stock after purchasing an additional 9,732 shares during the period. Marshall Wace North America L.P.’s holdings in UDR were worth $551,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Zimmer Partners LP bought a new position in UDR in the fourth quarter worth approximately $165,414,000. Norges Bank purchased a new position in UDR in the fourth quarter worth $106,065,000. Cohen & Steers Inc. grew its holdings in UDR by 3.8% in the fourth quarter. Cohen & Steers Inc. now owns 44,224,930 shares of the real estate investment trust’s stock worth $1,752,192,000 after purchasing an additional 1,619,197 shares during the last quarter. BlackRock Inc. grew its holdings in UDR by 4.4% in the first quarter. BlackRock Inc. now owns 32,101,918 shares of the real estate investment trust’s stock worth $1,459,352,000 after purchasing an additional 1,364,241 shares during the last quarter. Finally, Janus Henderson Group PLC grew its holdings in UDR by 138.0% in the first quarter. Janus Henderson Group PLC now owns 1,725,007 shares of the real estate investment trust’s stock worth $78,413,000 after purchasing an additional 1,000,076 shares during the last quarter. 97.69% of the stock is owned by institutional investors and hedge funds.
In other news, SVP Harry G. Alcock sold 20,000 shares of the firm’s stock in a transaction on Monday, May 6th. The shares were sold at an average price of $44.25, for a total value of $885,000.00. Following the sale, the senior vice president now directly owns 107,284 shares in the company, valued at approximately $4,747,317. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Warren L. Troupe sold 5,000 shares of UDR stock in a transaction on Tuesday, June 18th. The stock was sold at an average price of $46.61, for a total transaction of $233,050.00. Following the sale, the vice president now owns 490,761 shares in the company, valued at $22,874,370.21. The disclosure for this sale can be found here. Insiders have sold a total of 39,750 shares of company stock valued at $1,787,118 in the last ninety days. 2.85% of the stock is currently owned by corporate insiders.
UDR (NYSE:UDR) last announced its quarterly earnings data on Tuesday, April 30th. The real estate investment trust reported $0.08 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.50 by ($0.42). UDR had a net margin of 13.70% and a return on equity of 5.38%. The business had revenue of $270.67 million for the quarter, compared to analysts’ expectations of $267.41 million. During the same period in the prior year, the company posted $0.30 EPS. The firm’s revenue was up 6.9% on a year-over-year basis. On average, equities research analysts expect that UDR, Inc. will post 2.06 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 31st. Investors of record on Wednesday, July 10th will be given a dividend of $0.343 per share. The ex-dividend date is Tuesday, July 9th. This represents a $1.37 dividend on an annualized basis and a dividend yield of 2.96%. UDR’s payout ratio is currently 69.90%.
UDR has been the topic of several analyst reports. Zacks Investment Research lowered shares of HEXO from a “hold” rating to a “sell” rating in a report on Wednesday, May 15th. BMO Capital Markets reissued a “hold” rating and set a $54.00 price objective on shares of Apartment Investment and Management in a report on Monday, March 25th. TheStreet lowered shares of UDR from a “b” rating to a “c” rating in a report on Tuesday, April 30th. Finally, Barclays set a €45.00 ($52.33) price objective on shares of Zalando and gave the company a “buy” rating in a report on Tuesday, April 16th. Three investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and four have given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average price target of $44.20.
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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