MetLife Investment Advisors LLC lessened its position in UDR, Inc. (NYSE:UDR) by 0.6% during the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 78,341 shares of the real estate investment trust’s stock after selling 445 shares during the quarter. MetLife Investment Advisors LLC’s holdings in UDR were worth $3,561,000 as of its most recent filing with the SEC.
A number of other institutional investors have also recently made changes to their positions in UDR. Cornerstone Advisors Inc. increased its position in shares of UDR by 66.8% during the first quarter. Cornerstone Advisors Inc. now owns 577 shares of the real estate investment trust’s stock worth $26,000 after acquiring an additional 231 shares during the period. Oakbrook Investments LLC raised its holdings in UDR by 2.4% during the 1st quarter. Oakbrook Investments LLC now owns 13,044 shares of the real estate investment trust’s stock worth $593,000 after buying an additional 300 shares during the period. LPL Financial LLC increased its holdings in shares of UDR by 3.2% in the 4th quarter. LPL Financial LLC now owns 10,585 shares of the real estate investment trust’s stock valued at $419,000 after purchasing an additional 326 shares during the period. Crossmark Global Holdings Inc. increased its holdings in shares of UDR by 2.0% in the 1st quarter. Crossmark Global Holdings Inc. now owns 17,766 shares of the real estate investment trust’s stock valued at $808,000 after purchasing an additional 340 shares during the period. Finally, Mackenzie Financial Corp increased its holdings in shares of UDR by 5.9% in the 4th quarter. Mackenzie Financial Corp now owns 8,003 shares of the real estate investment trust’s stock valued at $317,000 after purchasing an additional 443 shares during the period. 97.69% of the stock is currently owned by institutional investors and hedge funds.
A number of equities analysts have recently weighed in on UDR shares. Zacks Investment Research downgraded HEXO from a “hold” rating to a “sell” rating in a report on Wednesday, May 15th. TheStreet downgraded UDR from a “b” rating to a “c” rating in a report on Tuesday, April 30th. Barclays set a €45.00 ($52.33) target price on Zalando and gave the company a “buy” rating in a report on Tuesday, April 16th. Finally, BMO Capital Markets reiterated a “hold” rating and issued a $54.00 target price on shares of Apartment Investment and Management in a report on Monday, March 25th. Three research analysts have rated the stock with a sell rating, seven have assigned a hold rating and four have issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average price target of $44.20.
UDR (NYSE:UDR) last announced its quarterly earnings data on Tuesday, April 30th. The real estate investment trust reported $0.08 earnings per share for the quarter, missing the consensus estimate of $0.50 by ($0.42). UDR had a return on equity of 5.38% and a net margin of 13.70%. The business had revenue of $270.67 million for the quarter, compared to the consensus estimate of $267.41 million. During the same quarter in the prior year, the company earned $0.30 earnings per share. UDR’s quarterly revenue was up 6.9% compared to the same quarter last year. Research analysts anticipate that UDR, Inc. will post 2.06 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 31st. Stockholders of record on Wednesday, July 10th will be issued a $0.343 dividend. The ex-dividend date is Tuesday, July 9th. This represents a $1.37 annualized dividend and a dividend yield of 2.97%. UDR’s dividend payout ratio is currently 69.90%.
In other news, VP Warren L. Troupe sold 5,000 shares of UDR stock in a transaction dated Tuesday, June 18th. The stock was sold at an average price of $46.61, for a total value of $233,050.00. Following the transaction, the vice president now owns 490,761 shares in the company, valued at $22,874,370.21. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, SVP Harry G. Alcock sold 20,000 shares of UDR stock in a transaction dated Monday, May 6th. The stock was sold at an average price of $44.25, for a total value of $885,000.00. Following the completion of the transaction, the senior vice president now owns 107,284 shares in the company, valued at approximately $4,747,317. The disclosure for this sale can be found here. In the last quarter, insiders sold 39,750 shares of company stock worth $1,787,118. Company insiders own 2.85% of the company’s stock.
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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