Cetera Investment Advisers Decreases Position in UDR, Inc. (NYSE:UDR)

Cetera Investment Advisers lowered its position in shares of UDR, Inc. (NYSE:UDR) by 6.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 21,768 shares of the real estate investment trust’s stock after selling 1,546 shares during the period. Cetera Investment Advisers’ holdings in UDR were worth $945,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. JPMorgan Chase & Co. boosted its stake in shares of UDR by 5.0% during the third quarter. JPMorgan Chase & Co. now owns 7,774,541 shares of the real estate investment trust’s stock worth $352,498,000 after buying an additional 368,087 shares during the period. Nisa Investment Advisors LLC increased its holdings in UDR by 15.4% in the fourth quarter. Nisa Investment Advisors LLC now owns 265,167 shares of the real estate investment trust’s stock valued at $11,511,000 after buying an additional 35,479 shares in the last quarter. Baker Ellis Asset Management LLC increased its stake in shares of UDR by 77.4% during the 4th quarter. Baker Ellis Asset Management LLC now owns 8,020 shares of the real estate investment trust’s stock worth $348,000 after purchasing an additional 3,500 shares in the last quarter. Exchange Traded Concepts LLC increased its stake in shares of UDR by 8.8% during the 4th quarter. Exchange Traded Concepts LLC now owns 3,330 shares of the real estate investment trust’s stock worth $145,000 after purchasing an additional 269 shares in the last quarter. Finally, Presima Securities ULC increased its stake in shares of UDR by 9.8% during the 4th quarter. Presima Securities ULC now owns 496,124 shares of the real estate investment trust’s stock worth $21,537,000 after purchasing an additional 44,199 shares in the last quarter. Institutional investors and hedge funds own 97.84% of the company’s stock.

Analysts Set New Price Targets

UDR has been the topic of a number of research analyst reports. Zelman & Associates reiterated a “neutral” rating on shares of UDR in a report on Thursday, February 13th. Barclays lifted their price target on shares of UDR from $48.00 to $51.00 and gave the stock an “overweight” rating in a research note on Friday, May 9th. Evercore ISI boosted their target price on shares of UDR from $43.00 to $45.00 and gave the stock an “in-line” rating in a research report on Monday, February 10th. Mizuho decreased their price target on shares of UDR from $45.00 to $41.00 and set a “neutral” rating for the company in a report on Friday. Finally, Wall Street Zen raised shares of UDR from a “sell” rating to a “hold” rating in a report on Thursday, February 6th. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating and seven have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $46.44.

UDR Trading Down 1.5%

UDR opened at $39.50 on Friday. UDR, Inc. has a twelve month low of $36.61 and a twelve month high of $47.55. The company has a quick ratio of 5.91, a current ratio of 5.61 and a debt-to-equity ratio of 1.71. The company has a fifty day moving average of $41.98 and a 200-day moving average of $42.88. The stock has a market cap of $13.09 billion, a PE ratio of 157.99, a price-to-earnings-growth ratio of 8.67 and a beta of 0.84.

UDR (NYSE:UDR) last released its quarterly earnings data on Wednesday, April 30th. The real estate investment trust reported $0.61 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.61. UDR had a net margin of 5.36% and a return on equity of 2.65%. The firm had revenue of $419.84 million for the quarter, compared to analyst estimates of $421.23 million. During the same period last year, the firm earned $0.61 earnings per share. The business’s quarterly revenue was up 2.0% compared to the same quarter last year. On average, sell-side analysts predict that UDR, Inc. will post 2.51 EPS for the current year.

UDR Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, April 30th. Stockholders of record on Thursday, April 10th were paid a $0.43 dividend. This is an increase from UDR’s previous quarterly dividend of $0.43. The ex-dividend date of this dividend was Thursday, April 10th. This represents a $1.72 annualized dividend and a dividend yield of 4.35%. UDR’s dividend payout ratio (DPR) is presently 491.43%.

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.