State of Alaska Department of Revenue trimmed its stake in UDR, Inc. (NYSE:UDR) by 13.8% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 148,031 shares of the real estate investment trust’s stock after selling 23,640 shares during the period. State of Alaska Department of Revenue owned 0.06% of UDR worth $5,983,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of UDR. BlackRock Inc. increased its stake in UDR by 0.4% in the 2nd quarter. BlackRock Inc. now owns 29,851,798 shares of the real estate investment trust’s stock worth $1,120,637,000 after buying an additional 117,703 shares in the last quarter. FMR LLC increased its stake in UDR by 3.4% in the 2nd quarter. FMR LLC now owns 16,025,171 shares of the real estate investment trust’s stock worth $601,586,000 after buying an additional 528,079 shares in the last quarter. Renaissance Technologies LLC increased its stake in UDR by 4.9% in the 2nd quarter. Renaissance Technologies LLC now owns 8,358,300 shares of the real estate investment trust’s stock worth $313,771,000 after buying an additional 390,700 shares in the last quarter. Centersquare Investment Management LLC increased its stake in UDR by 3.9% in the 2nd quarter. Centersquare Investment Management LLC now owns 4,422,408 shares of the real estate investment trust’s stock worth $166,018,000 after buying an additional 164,250 shares in the last quarter. Finally, Dimensional Fund Advisors LP increased its stake in UDR by 1.1% in the 2nd quarter. Dimensional Fund Advisors LP now owns 4,107,102 shares of the real estate investment trust’s stock worth $154,181,000 after buying an additional 43,862 shares in the last quarter. Hedge funds and other institutional investors own 95.27% of the company’s stock.

Shares of UDR stock opened at $38.09 on Friday. The stock has a market cap of $10.82 billion, a PE ratio of 20.37, a PEG ratio of 3.41 and a beta of 0.33. The company has a quick ratio of 6.03, a current ratio of 6.03 and a debt-to-equity ratio of 1.38. UDR, Inc. has a twelve month low of $32.88 and a twelve month high of $41.04.

UDR (NYSE:UDR) last issued its quarterly earnings data on Monday, July 30th. The real estate investment trust reported $0.49 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.48 by $0.01. The firm had revenue of $259.74 million during the quarter, compared to analyst estimates of $253.59 million. UDR had a return on equity of 6.87% and a net margin of 18.47%. The business’s quarterly revenue was up 4.7% compared to the same quarter last year. During the same quarter last year, the business posted $0.47 earnings per share. Analysts anticipate that UDR, Inc. will post 1.94 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 31st. Stockholders of record on Wednesday, October 10th will be given a dividend of $0.3323 per share. This is a positive change from UDR’s previous quarterly dividend of $0.32. The ex-dividend date is Tuesday, October 9th. This represents a $1.33 dividend on an annualized basis and a dividend yield of 3.49%. UDR’s dividend payout ratio (DPR) is presently 68.98%.

In other news, CEO Thomas W. Toomey sold 40,000 shares of the firm’s stock in a transaction dated Friday, August 17th. The stock was sold at an average price of $39.80, for a total transaction of $1,592,000.00. Following the completion of the transaction, the chief executive officer now owns 1,768,753 shares in the company, valued at $70,396,369.40. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, SVP Harry G. Alcock sold 10,000 shares of the firm’s stock in a transaction dated Thursday, September 13th. The shares were sold at an average price of $40.45, for a total value of $404,500.00. Following the transaction, the senior vice president now owns 126,123 shares of the company’s stock, valued at approximately $5,101,675.35. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 114,773 shares of company stock valued at $4,545,229. Company insiders own 3.16% of the company’s stock.

A number of equities research analysts have issued reports on the company. Stifel Nicolaus increased their price target on UDR from $40.00 to $43.00 and gave the stock a “buy” rating in a research note on Tuesday, September 25th. Robert W. Baird reiterated a “buy” rating and issued a $40.00 price target on shares of UDR in a research note on Thursday, August 16th. Royal Bank of Canada increased their price target on UDR from $39.00 to $40.00 and gave the stock a “sector perform” rating in a research note on Friday, August 10th. Citigroup increased their price target on UDR from $39.00 to $40.00 and gave the stock a “neutral” rating in a research note on Thursday, August 2nd. Finally, Zacks Investment Research upgraded UDR from a “hold” rating to a “buy” rating and set a $41.00 price target for the company in a research note on Wednesday, July 25th. Nine analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. UDR currently has a consensus rating of “Hold” and a consensus target price of $39.54.

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 properties in targeted U.S.

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Institutional Ownership by Quarter for UDR (NYSE:UDR)

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