CPA Asset Management LLC Decreases Position in UDR, Inc. (NYSE:UDR)

CPA Asset Management LLC cut its stake in UDR, Inc. (NYSE:UDR) by 8.9% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 34,652 shares of the real estate investment trust’s stock after selling 3,380 shares during the quarter. UDR makes up approximately 0.7% of CPA Asset Management LLC’s portfolio, making the stock its 24th largest holding. CPA Asset Management LLC’s holdings in UDR were worth $1,504,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Fjarde AP Fonden Fourth Swedish National Pension Fund raised its holdings in UDR by 77.7% in the 4th quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 71,331 shares of the real estate investment trust’s stock valued at $3,096,000 after acquiring an additional 31,200 shares during the last quarter. Winebrenner Capital Management LLC acquired a new stake in UDR in the 4th quarter valued at about $521,000. Hudson Edge Investment Partners Inc. raised its holdings in UDR by 2.6% in the 4th quarter. Hudson Edge Investment Partners Inc. now owns 141,323 shares of the real estate investment trust’s stock valued at $6,135,000 after acquiring an additional 3,563 shares during the last quarter. Allianz Asset Management GmbH raised its holdings in UDR by 6.7% in the 4th quarter. Allianz Asset Management GmbH now owns 1,032,799 shares of the real estate investment trust’s stock valued at $44,834,000 after acquiring an additional 64,714 shares during the last quarter. Finally, Pacific Sun Financial Corp raised its holdings in UDR by 9.3% in the 4th quarter. Pacific Sun Financial Corp now owns 10,436 shares of the real estate investment trust’s stock valued at $453,000 after acquiring an additional 885 shares during the last quarter. 97.84% of the stock is owned by hedge funds and other institutional investors.

UDR Stock Up 1.4 %

UDR stock opened at $43.80 on Wednesday. UDR, Inc. has a fifty-two week low of $34.76 and a fifty-two week high of $47.55. The company has a debt-to-equity ratio of 1.71, a quick ratio of 5.91 and a current ratio of 5.61. The firm has a 50 day moving average price of $42.23 and a 200 day moving average price of $43.63. The company has a market capitalization of $14.50 billion, a PE ratio of 175.18, a price-to-earnings-growth ratio of 8.67 and a beta of 0.88.

UDR (NYSE:UDR) last posted 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 5.36% and a return on equity of 2.65%. Research analysts expect that UDR, Inc. will post 2.51 earnings per share for the current year.

UDR Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, January 31st. Shareholders of record on Thursday, January 9th were given a $0.425 dividend. The ex-dividend date was Friday, January 10th. This represents a $1.70 annualized dividend and a yield of 3.88%. UDR’s dividend payout ratio is presently 680.00%.

Insider Buying and Selling at UDR

In other UDR news, CEO Thomas W. Toomey sold 25,000 shares of the firm’s stock in a transaction that occurred on Thursday, February 20th. The shares were sold at an average price of $42.75, for a total value of $1,068,750.00. Following the completion of the transaction, the chief executive officer now owns 824,716 shares of the company’s stock, valued at $35,256,609. This trade represents a 2.94 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. 3.73% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

A number of analysts have commented on the stock. Wells Fargo & Company cut their price objective on shares of UDR from $48.00 to $45.00 and set an “overweight” rating for the company in a report on Friday, January 24th. Zelman & Associates reiterated a “neutral” rating on shares of UDR in a report on Thursday, February 13th. Mizuho cut 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. Royal Bank of Canada increased their price objective on shares of UDR from $43.00 to $44.00 and gave the company a “sector perform” rating in a report on Friday, February 7th. Finally, StockNews.com upgraded 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 eight have issued a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $46.18.

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.