Hummer Financial Advisory Services Inc Sells 335 Shares of UDR, Inc. (NYSE:UDR)

Hummer Financial Advisory Services Inc reduced its holdings in UDR, Inc. (NYSE:UDR) by 2.8% in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 11,722 shares of the real estate investment trust’s stock after selling 335 shares during the quarter. Hummer Financial Advisory Services Inc’s holdings in UDR were worth $482,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Norges Bank acquired a new stake in UDR in the fourth quarter valued at approximately $1,065,482,000. Capital Research Global Investors acquired a new stake in UDR in the first quarter valued at approximately $176,137,000. Centersquare Investment Management LLC grew its stake in UDR by 35.9% in the fourth quarter. Centersquare Investment Management LLC now owns 8,117,175 shares of the real estate investment trust’s stock valued at $310,807,000 after acquiring an additional 2,145,242 shares during the period. Balyasny Asset Management L.P. acquired a new stake in UDR in the fourth quarter valued at approximately $79,897,000. Finally, Heitman Real Estate Securities LLC acquired a new stake in UDR in the fourth quarter valued at approximately $60,952,000. 97.84% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In related news, CEO Thomas W. Toomey sold 90,000 shares of the firm’s stock in a transaction that occurred on Friday, June 7th. The stock was sold at an average price of $39.52, for a total transaction of $3,556,800.00. Following the transaction, the chief executive officer now directly owns 849,716 shares in the company, valued at approximately $33,580,776.32. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. 3.73% of the stock is owned by corporate insiders.

UDR Price Performance

Shares of NYSE:UDR traded up $0.51 on Friday, hitting $41.87. The company’s stock had a trading volume of 2,946,769 shares, compared to its average volume of 2,680,535. The company has a debt-to-equity ratio of 1.57, a current ratio of 5.82 and a quick ratio of 5.82. The company has a market capitalization of $13.79 billion, a PE ratio of 30.34, a PEG ratio of 9.08 and a beta of 0.83. The company has a 50-day simple moving average of $40.68 and a 200 day simple moving average of $38.36. UDR, Inc. has a 1 year low of $30.95 and a 1 year high of $42.42.

UDR (NYSE:UDR) last announced its quarterly earnings data on Tuesday, July 30th. The real estate investment trust reported $0.08 EPS for the quarter, missing the consensus estimate of $0.61 by ($0.53). The firm had revenue of $415.30 million for the quarter, compared to the consensus estimate of $413.75 million. UDR had a net margin of 8.34% and a return on equity of 3.70%. UDR’s revenue for the quarter was up 2.7% compared to the same quarter last year. During the same quarter last year, the company posted $0.61 earnings per share. Sell-side analysts forecast that UDR, Inc. will post 2.45 EPS for the current fiscal year.

UDR Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, July 31st. Investors of record on Wednesday, July 10th were given a dividend of $0.425 per share. The ex-dividend date was Wednesday, July 10th. This represents a $1.70 annualized dividend and a yield of 4.06%. UDR’s payout ratio is 123.19%.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on UDR. Scotiabank raised their price objective on UDR from $42.00 to $43.00 and gave the company a “sector perform” rating in a research note on Wednesday. Wells Fargo & Company lifted their target price on UDR from $39.00 to $41.00 and gave the company an “overweight” rating in a research report on Friday, May 31st. UBS Group lifted their target price on UDR from $44.00 to $48.00 and gave the company a “buy” rating in a research report on Thursday, July 18th. BMO Capital Markets raised UDR from a “market perform” rating to an “outperform” rating and lifted their target price for the company from $39.00 to $45.00 in a research report on Monday, July 15th. Finally, Morgan Stanley lifted their target price on UDR from $37.00 to $40.00 and gave the company an “equal weight” rating in a research report on Tuesday, May 14th. Eleven investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $41.61.

UDR 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.