Everence Capital Management Inc. Decreases Stock Position in UDR, Inc. (NYSE:UDR)

Everence Capital Management Inc. reduced its holdings in shares of UDR, Inc. (NYSE:UDR) by 63.0% in the 4th quarter, HoldingsChannel.com reports. The fund owned 5,510 shares of the real estate investment trust’s stock after selling 9,370 shares during the period. Everence Capital Management Inc.’s holdings in UDR were worth $239,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. FMR LLC boosted its stake in shares of UDR by 14.8% during 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 acquiring an additional 1,471,855 shares during the last quarter. JPMorgan Chase & Co. lifted its holdings in UDR by 5.0% in the 3rd 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 in the last quarter. Daiwa Securities Group Inc. boosted 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 purchasing an additional 159,625 shares during the last quarter. Dimensional Fund Advisors LP grew its holdings in shares of UDR by 2.2% during the second quarter. Dimensional Fund Advisors LP now owns 4,732,429 shares of the real estate investment trust’s stock worth $194,737,000 after buying an additional 103,384 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. raised its position in shares of UDR by 2.8% in the third 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 during the last quarter. Institutional investors and hedge funds own 97.84% of the company’s stock.

UDR Stock Performance

NYSE:UDR opened at $41.20 on Thursday. The firm’s fifty day simple moving average is $43.98 and its 200 day simple moving average is $43.39. The company has a current ratio of 5.91, a quick ratio of 5.91 and a debt-to-equity ratio of 1.69. UDR, Inc. has a twelve month low of $34.19 and a twelve month high of $47.55. The firm has a market capitalization of $13.59 billion, a price-to-earnings ratio of 111.35, a PEG ratio of 12.34 and a beta of 0.89.

UDR Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 31st. Shareholders of record on Thursday, January 9th will be paid a dividend of $0.425 per share. This represents a $1.70 dividend on an annualized basis and a dividend yield of 4.13%. The ex-dividend date of this dividend is Friday, January 10th. UDR’s dividend payout ratio is presently 459.46%.

Wall Street Analysts Forecast Growth

UDR has been the subject of several recent analyst reports. JPMorgan Chase & Co. lifted their target price on shares of UDR from $43.00 to $50.00 and gave the stock an “overweight” rating in a research note on Monday, September 16th. Mizuho lowered their price objective on UDR from $47.00 to $45.00 and set a “neutral” rating for the company in a research report on Monday. UBS Group increased their target price on UDR from $48.00 to $52.00 and gave the stock a “buy” rating in a research report on Thursday, September 12th. Scotiabank lowered their price target on UDR from $49.00 to $48.00 and set a “sector perform” rating for the company in a report on Thursday, November 14th. Finally, Royal Bank of Canada cut their price objective on shares of UDR from $46.00 to $45.00 and set a “sector perform” rating on the stock in a report on Tuesday, November 5th. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $46.35.

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.