Cibc World Markets Corp Increases Stake in UDR, Inc. (NYSE:UDR)

Cibc World Markets Corp raised its holdings in UDR, Inc. (NYSE:UDR) by 12.0% during the 4th quarter, Holdings Channel reports. The firm owned 135,312 shares of the real estate investment trust’s stock after buying an additional 14,504 shares during the quarter. Cibc World Markets Corp’s holdings in UDR were worth $5,874,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the business. FMR LLC grew its holdings in UDR by 14.8% in the third quarter. FMR LLC now owns 11,401,026 shares of the real estate investment trust’s stock valued at $516,923,000 after purchasing an additional 1,471,855 shares during the period. JPMorgan Chase & Co. grew its holdings in 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 purchasing an additional 368,087 shares during the period. Daiwa Securities Group Inc. grew its holdings in UDR by 2.3% in the third quarter. Daiwa Securities Group Inc. now owns 7,109,980 shares of the real estate investment trust’s stock valued at $322,366,000 after purchasing an additional 159,625 shares during the period. Charles Schwab Investment Management Inc. grew its holdings in UDR by 2.2% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 4,367,054 shares of the real estate investment trust’s stock valued at $189,574,000 after purchasing an additional 95,022 shares during the period. Finally, PGGM Investments grew its holdings in UDR by 7.8% in the fourth quarter. PGGM Investments now owns 3,163,812 shares of the real estate investment trust’s stock valued at $137,341,000 after purchasing an additional 228,342 shares during the period. 97.84% of the stock is owned by institutional investors and hedge funds.

UDR Price Performance

UDR opened at $43.60 on Thursday. The stock’s 50-day moving average price is $42.64 and its 200 day moving average price is $43.79. UDR, Inc. has a 12-month low of $35.14 and a 12-month high of $47.55. The company has a current ratio of 5.61, a quick ratio of 5.91 and a debt-to-equity ratio of 1.71. The firm has a market cap of $14.44 billion, a price-to-earnings ratio of 174.40, a PEG ratio of 8.67 and a beta of 0.88.

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

UDR Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 30th. Investors of record on Thursday, April 10th will be paid a dividend of $0.43 per share. This is a positive change from UDR’s previous quarterly dividend of $0.43. The ex-dividend date is Thursday, April 10th. This represents a $1.72 annualized dividend and a yield of 3.94%. UDR’s dividend payout ratio is presently 688.00%.

Analyst Ratings Changes

UDR has been the topic of a number of research analyst reports. Wells Fargo & Company lowered their price target on UDR from $48.00 to $45.00 and set an “overweight” rating on the stock in a research note on Friday, January 24th. Barclays lowered their price target on UDR from $50.00 to $48.00 and set an “overweight” rating on the stock in a research note on Friday, January 24th. Zelman & Associates reaffirmed a “neutral” rating on shares of UDR in a research note on Thursday, February 13th. Royal Bank of Canada lifted their price target on UDR from $43.00 to $44.00 and gave the stock a “sector perform” rating in a research note on Friday, February 7th. 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, eleven have issued a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $46.12.

Insider Buying and Selling at UDR

In other UDR news, CEO Thomas W. Toomey sold 25,000 shares of the stock in a transaction dated 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 sale, the chief executive officer now owns 824,716 shares of the company’s stock, valued at $35,256,609. This trade represents a 2.94 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 3.73% of the stock is owned by corporate 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 communities in targeted U.S.