Cbre Clarion Securities LLC raised its holdings in shares of UDR, Inc. (NYSE:UDR) by 21.6% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 233,208 shares of the real estate investment trust’s stock after purchasing an additional 41,400 shares during the period. Cbre Clarion Securities LLC owned 0.08% of UDR worth $8,521,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in the business. Cullen Frost Bankers Inc. acquired a new stake in shares of UDR in the 4th quarter valued at approximately $37,000. First Horizon Advisors Inc. raised its position in shares of UDR by 60.9% in the 1st quarter. First Horizon Advisors Inc. now owns 1,107 shares of the real estate investment trust’s stock valued at $40,000 after acquiring an additional 419 shares during the period. CSat Investment Advisory L.P. raised its position in shares of UDR by 25.1% in the 4th quarter. CSat Investment Advisory L.P. now owns 1,280 shares of the real estate investment trust’s stock valued at $60,000 after acquiring an additional 257 shares during the period. Orion Portfolio Solutions LLC acquired a new stake in shares of UDR in the 4th quarter valued at approximately $66,000. Finally, CWM Advisors LLC acquired a new stake in shares of UDR in the 1st quarter valued at approximately $70,000. Institutional investors own 99.36% of the company’s stock.

In other news, COO Jerry A. Davis sold 10,000 shares of UDR stock in a transaction on Thursday, April 9th. The stock was sold at an average price of $40.00, for a total transaction of $400,000.00. Following the completion of the sale, the chief operating officer now owns 170,497 shares of the company’s stock, valued at $6,819,880. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 2.69% of the stock is currently owned by company insiders.

UDR stock traded up $1.50 during mid-day trading on Wednesday, hitting $39.16. 169,686 shares of the company’s stock traded hands, compared to its average volume of 2,368,086. The firm has a 50 day simple moving average of $36.93 and a two-hundred day simple moving average of $43.27. UDR, Inc. has a fifty-two week low of $29.20 and a fifty-two week high of $51.25. The stock has a market cap of $11.13 billion, a price-to-earnings ratio of 71.25, a P/E/G ratio of 2.94 and a beta of 0.63. The company has a debt-to-equity ratio of 1.42, a current ratio of 1.19 and a quick ratio of 1.19.

UDR (NYSE:UDR) last posted its earnings results on Wednesday, May 6th. The real estate investment trust reported $0.01 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.54 by ($0.53). UDR had a return on equity of 4.98% and a net margin of 13.80%. The firm had revenue of $321.48 million for the quarter, compared to analyst estimates of $310.30 million. During the same period in the prior year, the business posted $0.51 EPS. The firm’s quarterly revenue was up 18.8% compared to the same quarter last year. On average, research analysts anticipate that UDR, Inc. will post 2.09 earnings per share for the current fiscal year.

A number of research firms recently issued reports on UDR. Morgan Stanley cut UDR from an “equal weight” rating to an “underweight” rating and lowered their target price for the stock from $51.00 to $33.00 in a research note on Wednesday, April 1st. They noted that the move was a valuation call. Zacks Investment Research cut UDR from a “hold” rating to a “sell” rating and set a $41.00 target price for the company. in a research note on Friday, May 29th. Stifel Nicolaus increased their target price on UDR from $40.00 to $42.00 and gave the stock a “buy” rating in a research note on Friday, May 8th. Mizuho raised shares of UDR from a “neutral” rating to a “buy” rating and raised their price target for the stock from $33.00 to $40.00 in a research note on Tuesday, May 19th. Finally, Zelman & Associates raised shares of UDR from a “sell” rating to a “hold” rating in a research note on Monday, May 18th. Two analysts have rated the stock with a sell rating, twelve have given a hold rating and five have assigned a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus price target of $45.00.

UDR 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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