WINTON GROUP Ltd decreased its holdings in shares of UDR, Inc. (NYSE:UDR) by 61.5% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 6,066 shares of the real estate investment trust’s stock after selling 9,695 shares during the period. WINTON GROUP Ltd’s holdings in UDR were worth $228,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also made changes to their positions in UDR. Van ECK Associates Corp acquired a new stake in shares of UDR during the second quarter worth approximately $2,094,000. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. increased its holdings in shares of UDR by 3.0% during the second quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 86,849 shares of the real estate investment trust’s stock worth $3,260,000 after buying an additional 2,566 shares in the last quarter. Canada Pension Plan Investment Board increased its holdings in shares of UDR by 8.8% during the second quarter. Canada Pension Plan Investment Board now owns 765,566 shares of the real estate investment trust’s stock worth $28,739,000 after buying an additional 62,000 shares in the last quarter. Redpoint Investment Management Pty Ltd increased its holdings in shares of UDR by 66.8% during the second quarter. Redpoint Investment Management Pty Ltd now owns 11,598 shares of the real estate investment trust’s stock worth $435,000 after buying an additional 4,646 shares in the last quarter. Finally, Ferguson Wellman Capital Management Inc. acquired a new stake in shares of UDR during the second quarter worth approximately $374,000. Hedge funds and other institutional investors own 95.27% of the company’s stock.
Shares of UDR stock opened at $40.16 on Tuesday. The company has a debt-to-equity ratio of 1.38, a current ratio of 6.03 and a quick ratio of 6.03. The company has a market capitalization of $10.82 billion, a P/E ratio of 21.48, a P/E/G ratio of 3.41 and a beta of 0.33. UDR, Inc. has a fifty-two week low of $32.88 and a fifty-two week high of $41.04.
UDR (NYSE:UDR) last issued its quarterly earnings results on Monday, July 30th. The real estate investment trust reported $0.49 earnings per share for the quarter, beating analysts’ consensus estimates of $0.48 by $0.01. The business had revenue of $259.74 million during the quarter, compared to analyst estimates of $253.59 million. UDR had a net margin of 18.47% and a return on equity of 6.87%. UDR’s revenue for the quarter was up 4.7% compared to the same quarter last year. During the same quarter last year, the business posted $0.47 earnings per share. Equities analysts predict that UDR, Inc. will post 1.94 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Wednesday, October 31st. Investors of record on Wednesday, October 10th will be issued a $0.3323 dividend. The ex-dividend date of this dividend is Tuesday, October 9th. This represents a $1.33 dividend on an annualized basis and a dividend yield of 3.31%. This is a positive change from UDR’s previous quarterly dividend of $0.32. UDR’s dividend payout ratio (DPR) is currently 68.98%.
Several research firms have recently weighed in on UDR. ValuEngine lowered shares of UDR from a “hold” rating to a “sell” rating in a report on Monday, June 18th. Citigroup raised their price objective on shares of UDR from $39.00 to $40.00 and gave the stock a “neutral” rating in a report on Thursday, August 2nd. Royal Bank of Canada raised their price objective on shares of UDR from $39.00 to $40.00 and gave the stock a “sector perform” rating in a report on Friday, August 10th. Zacks Investment Research raised shares of UDR from a “hold” rating to a “buy” rating and set a $41.00 price objective for the company in a report on Wednesday, July 25th. Finally, Jefferies Financial Group began coverage on shares of UDR in a report on Monday, June 11th. They set a “hold” rating and a $38.00 price objective for the company. Nine research analysts have rated the stock with a hold rating and six have given a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average price target of $39.54.
In related news, VP Warren L. Troupe sold 40,000 shares of the firm’s stock in a transaction that occurred on Wednesday, August 22nd. The shares were sold at an average price of $39.10, for a total value of $1,564,000.00. Following the completion of the sale, the vice president now owns 549,634 shares of the company’s stock, valued at $21,490,689.40. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, SVP Harry G. Alcock sold 10,000 shares of the firm’s stock in a transaction that occurred on Thursday, September 13th. The shares were sold at an average price of $40.45, for a total transaction of $404,500.00. Following the completion of the sale, the senior vice president now directly owns 126,123 shares of the company’s stock, valued at approximately $5,101,675.35. The disclosure for this sale can be found here. In the last three months, insiders sold 114,773 shares of company stock valued at $4,545,229. 3.16% of the stock is currently owned by company insiders.
UDR Company 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 properties in targeted U.S.
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