KLP Kapitalforvaltning AS Makes New Investment in UDR, Inc. (NYSE:UDR)

KLP Kapitalforvaltning AS bought a new stake in shares of UDR, Inc. (NYSE:UDR) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm bought 116,193 shares of the real estate investment trust’s stock, valued at approximately $5,044,000.

A number of other institutional investors have also recently modified their holdings of UDR. Asset Management One Co. Ltd. grew its holdings in UDR by 7.9% in the fourth quarter. Asset Management One Co. Ltd. now owns 587,772 shares of the real estate investment trust’s stock valued at $25,515,000 after purchasing an additional 42,926 shares during the period. Principal Financial Group Inc. lifted its position in shares of UDR by 45.7% during the 4th quarter. Principal Financial Group Inc. now owns 512,540 shares of the real estate investment trust’s stock valued at $22,249,000 after buying an additional 160,708 shares in the last quarter. JPMorgan Chase & Co. increased its holdings in UDR by 5.0% in the 3rd quarter. JPMorgan Chase & Co. now owns 7,774,541 shares of the real estate investment trust’s stock worth $352,498,000 after acquiring an additional 368,087 shares in the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd raised its position in UDR by 7.0% during the fourth quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 95,344 shares of the real estate investment trust’s stock worth $4,139,000 after acquiring an additional 6,217 shares during the period. Finally, Charles Schwab Investment Management Inc. lifted its holdings in UDR by 2.2% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 4,367,054 shares of the real estate investment trust’s stock valued at $189,574,000 after purchasing an additional 95,022 shares in the last quarter. 97.84% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other UDR news, CEO Thomas W. Toomey sold 25,000 shares of the company’s stock in a transaction 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 transaction, the chief executive officer now directly owns 824,716 shares in the company, valued at $35,256,609. This represents a 2.94 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 3.73% of the stock is currently owned by corporate insiders.

UDR Trading Down 0.5 %

Shares of UDR stock opened at $44.09 on Wednesday. The stock has a 50 day moving average of $42.87 and a 200 day moving average of $43.77. 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 market capitalization of $14.60 billion, a price-to-earnings ratio of 176.36, a PEG ratio of 8.67 and a beta of 0.88. UDR, Inc. has a fifty-two week low of $35.14 and a fifty-two week high of $47.55.

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

UDR Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Thursday, April 10th will be issued a $0.43 dividend. This is a positive change from UDR’s previous quarterly dividend of $0.43. This represents a $1.72 annualized dividend and a dividend yield of 3.90%. The ex-dividend date of this dividend is Thursday, April 10th. UDR’s dividend payout ratio is currently 688.00%.

Wall Street Analyst Weigh In

UDR has been the subject of a number of research reports. Mizuho cut their target price on shares of UDR from $47.00 to $45.00 and set a “neutral” rating for the company in a research note on Monday, January 6th. Evercore ISI increased their target price on UDR from $43.00 to $45.00 and gave the company an “in-line” rating in a report on Monday, February 10th. Jefferies Financial Group downgraded UDR from a “buy” rating to a “hold” rating and decreased their target price for the company from $50.00 to $45.00 in a research report on Thursday, January 2nd. Scotiabank boosted their price target on UDR from $48.00 to $49.00 and gave the stock a “sector perform” rating in a research report on Friday, February 14th. Finally, StockNews.com upgraded UDR from a “sell” rating to a “hold” rating in a report on Thursday, February 6th. One equities research analyst has rated the stock with a sell rating, eleven have assigned a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $46.12.

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.