SG Americas Securities LLC Sells 39,050 Shares of UDR, Inc. (NYSE:UDR)

SG Americas Securities LLC trimmed its position in shares of UDR, Inc. (NYSE:UDR) by 85.1% during the 4th quarter, Holdings Channel reports. The firm owned 6,849 shares of the real estate investment trust’s stock after selling 39,050 shares during the period. SG Americas Securities LLC’s holdings in UDR were worth $297,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. Activest Wealth Management purchased a new stake in UDR in the 3rd quarter worth $27,000. Brooklyn Investment Group purchased a new stake in shares of UDR during the third quarter worth about $33,000. Continuum Advisory LLC raised its stake in UDR by 5,335.3% during the 3rd quarter. Continuum Advisory LLC now owns 924 shares of the real estate investment trust’s stock valued at $41,000 after purchasing an additional 907 shares during the period. Mather Group LLC. lifted its holdings in UDR by 58.2% in the 3rd quarter. Mather Group LLC. now owns 998 shares of the real estate investment trust’s stock worth $45,000 after purchasing an additional 367 shares in the last quarter. Finally, Salem Investment Counselors Inc. boosted its stake in UDR by 62.7% in the 4th quarter. Salem Investment Counselors Inc. now owns 1,349 shares of the real estate investment trust’s stock worth $59,000 after purchasing an additional 520 shares during the period. 97.84% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on the stock. Jefferies Financial Group cut shares of UDR from a “buy” rating to a “hold” rating and reduced their price objective for the company from $50.00 to $45.00 in a research report on Thursday, January 2nd. Royal Bank of Canada reduced their price target 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. Mizuho dropped their price objective on shares of UDR from $47.00 to $45.00 and set a “neutral” rating for the company in a report on Monday, January 6th. Wells Fargo & Company reduced their target price on UDR from $48.00 to $45.00 and set an “overweight” rating on the stock in a report on Friday, January 24th. Finally, StockNews.com lowered UDR from a “hold” rating to a “sell” rating in a research note on Thursday, January 2nd. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat, UDR has a consensus rating of “Hold” and a consensus target price of $46.06.

UDR Stock Performance

NYSE:UDR opened at $42.20 on Thursday. The firm has a market capitalization of $13.92 billion, a PE ratio of 114.04, a PEG ratio of 11.38 and a beta of 0.88. The stock’s fifty day moving average is $42.86 and its 200 day moving average is $43.44. UDR, Inc. has a fifty-two week low of $34.19 and a fifty-two week high of $47.55. The company has a debt-to-equity ratio of 1.69, a quick ratio of 5.91 and a current ratio of 5.91.

UDR (NYSE:UDR) last announced its earnings results on Wednesday, February 5th. The real estate investment trust reported $0.63 earnings per share for the quarter, beating the consensus estimate of $0.10 by $0.53. UDR had a net margin of 7.68% and a return on equity of 3.57%. On average, sell-side analysts anticipate that UDR, Inc. will post 2.48 earnings per share for the current year.

UDR Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, January 31st. Shareholders of record on Thursday, January 9th were paid a $0.425 dividend. This represents a $1.70 annualized dividend and a yield of 4.03%. The ex-dividend date was Friday, January 10th. UDR’s payout ratio is currently 459.47%.

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.