Keybank National Association OH Sells 283 Shares of UDR, Inc. (NYSE:UDR)

Keybank National Association OH lessened its holdings in UDR, Inc. (NYSE:UDR) by 1.9% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 14,873 shares of the real estate investment trust’s stock after selling 283 shares during the period. Keybank National Association OH’s holdings in UDR were worth $646,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Activest Wealth Management bought a new position in UDR during the third quarter valued at $27,000. Brooklyn Investment Group bought a new position in UDR during the third quarter valued at $33,000. Continuum Advisory LLC increased its position in UDR by 5,335.3% during the third quarter. Continuum Advisory LLC now owns 924 shares of the real estate investment trust’s stock valued at $41,000 after acquiring an additional 907 shares during the last quarter. Smartleaf Asset Management LLC increased its position in UDR by 68.7% during the fourth quarter. Smartleaf Asset Management LLC now owns 1,206 shares of the real estate investment trust’s stock valued at $52,000 after acquiring an additional 491 shares during the last quarter. Finally, Salem Investment Counselors Inc. increased its position in UDR by 62.7% during the fourth quarter. Salem Investment Counselors Inc. now owns 1,349 shares of the real estate investment trust’s stock valued at $59,000 after acquiring an additional 520 shares during the last quarter. Institutional investors own 97.84% of the company’s stock.

Insider Activity

In other news, CEO Thomas W. Toomey sold 25,000 shares of the company’s stock in a transaction dated Thursday, February 20th. The shares were sold at an average price of $42.75, for a total transaction of $1,068,750.00. Following the transaction, the chief executive officer now owns 824,716 shares in the company, valued at $35,256,609. This represents a 2.94 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Corporate insiders own 3.73% of the company’s stock.

UDR Stock Performance

UDR stock opened at $44.43 on Friday. The firm has a market cap of $14.71 billion, a price-to-earnings ratio of 177.72, a PEG ratio of 8.67 and a beta of 0.88. The firm has a 50-day simple moving average of $42.47 and a two-hundred day simple moving average of $43.79. UDR, Inc. has a one year low of $35.14 and a one year high of $47.55. The company has a debt-to-equity ratio of 1.71, a quick ratio of 5.91 and a current ratio of 5.61.

UDR (NYSE:UDR) last released its quarterly earnings results on Wednesday, February 5th. The real estate investment trust reported $0.63 EPS for the quarter, beating the consensus estimate of $0.10 by $0.53. UDR had a net margin of 5.36% and a return on equity of 2.65%. On average, equities analysts forecast that UDR, Inc. will post 2.51 EPS for the current fiscal year.

UDR Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, January 31st. Stockholders of record on Thursday, January 9th were issued a dividend of $0.425 per share. The ex-dividend date of this dividend was Friday, January 10th. This represents a $1.70 annualized dividend and a dividend yield of 3.83%. UDR’s dividend payout ratio (DPR) is currently 680.00%.

Analysts Set New Price Targets

A number of research firms have weighed in on UDR. Royal Bank of Canada boosted their price objective on shares of UDR from $43.00 to $44.00 and gave the company a “sector perform” rating in a research report on Friday, February 7th. Wells Fargo & Company cut their price objective on shares of UDR from $48.00 to $45.00 and set an “overweight” rating on the stock in a research report on Friday, January 24th. Evercore ISI boosted their target price 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. Scotiabank boosted their target price on shares of UDR from $48.00 to $49.00 and gave the company a “sector perform” rating in a research note on Friday, February 14th. Finally, StockNews.com raised shares of UDR from a “sell” rating to a “hold” rating in a research note on Thursday, February 6th. One analyst has rated the stock with a sell rating, ten have issued a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $46.18.

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 communities in targeted U.S.