UDR, Inc. (NYSE:UDR) Shares Purchased by Hudson Edge Investment Partners Inc.

Hudson Edge Investment Partners Inc. grew its stake in shares of UDR, Inc. (NYSE:UDR) by 2.6% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 141,323 shares of the real estate investment trust’s stock after acquiring an additional 3,563 shares during the quarter. UDR comprises about 1.1% of Hudson Edge Investment Partners Inc.’s holdings, making the stock its 28th largest position. Hudson Edge Investment Partners Inc.’s holdings in UDR were worth $6,135,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also modified their holdings of the stock. Activest Wealth Management acquired a new position in UDR during the third quarter worth approximately $27,000. Brooklyn Investment Group purchased a new stake in shares of UDR during the 3rd quarter valued at $33,000. Continuum Advisory LLC increased its holdings in shares of UDR by 5,335.3% during the 3rd quarter. Continuum Advisory LLC now owns 924 shares of the real estate investment trust’s stock worth $41,000 after buying an additional 907 shares during the last quarter. Salem Investment Counselors Inc. raised its position in shares of 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 buying an additional 520 shares during the period. Finally, Catalyst Capital Advisors LLC purchased a new position in shares of UDR in the 4th quarter worth $63,000. 97.84% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities research analysts have commented on UDR shares. Mizuho dropped their price target on UDR from $47.00 to $45.00 and set a “neutral” rating for the company in a research note on Monday, January 6th. Jefferies Financial Group downgraded shares of UDR from a “buy” rating to a “hold” rating and dropped their target price for the stock from $50.00 to $45.00 in a research report on Thursday, January 2nd. Wells Fargo & Company reduced their price target on shares of UDR from $48.00 to $45.00 and set an “overweight” rating on the stock in a research report on Friday, January 24th. StockNews.com upgraded shares of UDR from a “sell” rating to a “hold” rating in a research note on Thursday, February 6th. Finally, Zelman & Associates reissued a “neutral” rating on shares of UDR in a research note on Thursday, February 13th. One research analyst has rated the stock with a sell rating, ten have issued a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $46.18.

Insider Transactions at UDR

In related news, CEO Thomas W. Toomey sold 25,000 shares of the company’s stock in a transaction that occurred on Thursday, February 20th. The stock was sold at an average price of $42.75, for a total transaction of $1,068,750.00. Following the sale, the chief executive officer now directly owns 824,716 shares of the company’s stock, valued at approximately $35,256,609. This represents a 2.94 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 3.73% of the company’s stock.

UDR Stock Down 0.4 %

UDR stock opened at $42.84 on Friday. 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 50 day simple moving average of $42.31 and a 200-day simple moving average of $43.55. The company has a market capitalization of $14.19 billion, a P/E ratio of 171.36, a PEG ratio of 8.67 and a beta of 0.88. UDR, Inc. has a twelve month low of $34.76 and a twelve month high of $47.55.

UDR (NYSE:UDR) last announced its quarterly earnings data on Wednesday, February 5th. The real estate investment trust reported $0.63 earnings per share for the quarter, topping the consensus estimate of $0.10 by $0.53. UDR had a net margin of 5.36% and a return on equity of 2.65%. On average, equities research analysts predict that UDR, Inc. will post 2.51 earnings per share for the current fiscal year.

UDR Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, January 31st. Shareholders of record on Thursday, January 9th were issued a dividend of $0.425 per share. This represents a $1.70 dividend on an annualized basis and a yield of 3.97%. The ex-dividend date was Friday, January 10th. UDR’s dividend payout ratio is presently 680.00%.

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.