Lincluden Management Ltd. Cuts Holdings in UDR, Inc. (NYSE:UDR)

Lincluden Management Ltd. reduced its position in shares of UDR, Inc. (NYSE:UDR) by 26.8% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 81,365 shares of the real estate investment trust’s stock after selling 29,831 shares during the quarter. Lincluden Management Ltd.’s holdings in UDR were worth $3,532,000 as of its most recent SEC filing.

A number of other institutional investors have also recently modified their holdings of the business. FMR LLC raised its holdings in UDR by 14.8% in the 3rd quarter. FMR LLC now owns 11,401,026 shares of the real estate investment trust’s stock worth $516,923,000 after purchasing an additional 1,471,855 shares during the period. JPMorgan Chase & Co. increased its position in shares of UDR by 5.0% in the third quarter. JPMorgan Chase & Co. now owns 7,774,541 shares of the real estate investment trust’s stock valued at $352,498,000 after buying an additional 368,087 shares in the last quarter. Daiwa Securities Group Inc. raised its stake in shares of UDR by 2.3% during the 3rd quarter. Daiwa Securities Group Inc. now owns 7,109,980 shares of the real estate investment trust’s stock worth $322,366,000 after buying an additional 159,625 shares during the period. Charles Schwab Investment Management Inc. lifted its position in shares of UDR by 2.8% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 4,272,032 shares of the real estate investment trust’s stock valued at $193,694,000 after buying an additional 117,213 shares in the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in UDR by 862.3% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 3,086,964 shares of the real estate investment trust’s stock valued at $139,963,000 after acquiring an additional 2,766,172 shares during the period. 97.84% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research firms have issued reports on UDR. Wells Fargo & Company decreased their price objective on shares of UDR from $48.00 to $45.00 and set an “overweight” rating on the stock in a report on Friday, January 24th. Evercore ISI raised their price target 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. Barclays lowered their price objective on UDR from $50.00 to $48.00 and set an “overweight” rating on the stock in a 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. Finally, Scotiabank lifted their price target on UDR from $48.00 to $49.00 and gave the stock a “sector perform” rating in a research note on Friday, February 14th. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating and eight have given a buy rating to the company. According to data from MarketBeat, UDR currently has a consensus rating of “Hold” and a consensus target price of $46.18.

Insiders Place Their Bets

In other news, CEO Thomas W. Toomey sold 25,000 shares of the company’s stock in a transaction on Thursday, February 20th. The stock was sold at an average price of $42.75, for a total value 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. This represents a 2.94 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 3.73% of the stock is owned by insiders.

UDR Stock Up 0.9 %

NYSE UDR opened at $43.21 on Tuesday. The company has a quick ratio of 5.91, a current ratio of 5.61 and a debt-to-equity ratio of 1.71. UDR, Inc. has a 52 week low of $34.76 and a 52 week high of $47.55. The business’s fifty day simple moving average is $42.27 and its 200-day simple moving average is $43.61. The firm has a market cap of $14.31 billion, a PE ratio of 172.82, a P/E/G ratio of 8.67 and a beta of 0.88.

UDR (NYSE:UDR) last issued its earnings results on Wednesday, February 5th. The real estate investment trust reported $0.63 EPS for the quarter, topping analysts’ consensus estimates of $0.10 by $0.53. UDR had a net margin of 5.36% and a return on equity of 2.65%. As a group, equities analysts anticipate that UDR, Inc. will post 2.51 earnings per share for the current year.

UDR Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, January 31st. Investors of record on Thursday, January 9th were given a $0.425 dividend. The ex-dividend date was Friday, January 10th. This represents a $1.70 annualized dividend and a yield of 3.93%. UDR’s payout ratio is 680.00%.

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.