Fox Run Management L.L.C. Makes New Investment in UDR, Inc. (NYSE:UDR)

Fox Run Management L.L.C. purchased a new stake in UDR, Inc. (NYSE:UDR) during the fourth quarter, HoldingsChannel.com reports. The firm purchased 5,653 shares of the real estate investment trust’s stock, valued at approximately $245,000.

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. Brooklyn Investment Group acquired a new position in UDR in the third quarter valued at about $33,000. Continuum Advisory LLC raised its position in shares of UDR by 5,335.3% in the 3rd 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 period. Smartleaf Asset Management LLC boosted its stake in UDR by 68.7% during the 4th quarter. Smartleaf Asset Management LLC now owns 1,206 shares of the real estate investment trust’s stock worth $52,000 after acquiring an additional 491 shares during the last quarter. Salem Investment Counselors Inc. grew its holdings 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 purchasing an additional 520 shares during the period. Finally, Catalyst Capital Advisors LLC bought a new stake in UDR in the fourth quarter valued at approximately $63,000. 97.84% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other news, CEO Thomas W. Toomey sold 25,000 shares of the business’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 directly owns 824,716 shares in the company, valued at $35,256,609. The trade was 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. Insiders own 3.73% of the company’s stock.

UDR Trading Down 0.3 %

UDR stock opened at $44.24 on Friday. The company has a market cap of $14.65 billion, a price-to-earnings ratio of 176.94, a P/E/G ratio of 8.67 and a beta of 0.88. The firm has a 50-day moving average of $43.00 and a 200-day moving average of $43.77. The company has a debt-to-equity ratio of 1.71, a current ratio of 5.61 and a quick ratio of 5.91. UDR, Inc. has a one year low of $35.14 and a one year high of $47.55.

UDR (NYSE:UDR) last issued 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 return on equity of 2.65% and a net margin of 5.36%. On average, equities analysts expect that UDR, Inc. will post 2.51 earnings per share for the current fiscal 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 $0.43 dividend. The ex-dividend date of this dividend is Thursday, April 10th. This is a boost from UDR’s previous quarterly dividend of $0.43. This represents a $1.72 annualized dividend and a dividend yield of 3.89%. UDR’s dividend payout ratio (DPR) is currently 688.00%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on UDR shares. Scotiabank boosted their price target on shares of UDR from $48.00 to $49.00 and gave the company a “sector perform” rating in a report on Friday, February 14th. Jefferies Financial Group cut UDR from a “buy” rating to a “hold” rating and decreased their target price for the company from $50.00 to $45.00 in a research note on Thursday, January 2nd. Zelman & Associates reaffirmed a “neutral” rating on shares of UDR in a research report on Thursday, February 13th. Wells Fargo & Company decreased their price objective on UDR from $48.00 to $45.00 and set an “overweight” rating for the company in a research report on Friday, January 24th. Finally, Barclays dropped their target price on shares of UDR from $50.00 to $48.00 and set an “overweight” rating on the stock in a report on Friday, January 24th. One analyst has rated the stock with a sell rating, eleven have given a hold rating and seven have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $46.12.

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.