UDR Inc. (UDR) Declares Quarterly Dividend of $0.30
UDR Inc. (NYSE:UDR) announced a quarterly dividend on Thursday, September 22nd. Stockholders of record on Tuesday, October 11th will be given a dividend of 0.295 per share by the real estate investment trust on Monday, October 31st. This represents a $1.18 annualized dividend and a dividend yield of 3.23%.
In other news, SVP Harry G. Alcock sold 7,500 shares of the company’s stock in a transaction on Thursday, August 4th. The shares were sold at an average price of $36.97, for a total value of $277,275.00. Following the sale, the senior vice president now directly owns 120,145 shares of the company’s stock, valued at approximately $4,441,760.65. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Clinton D. Mcdonnough acquired 2,000 shares of UDR stock in a transaction dated Wednesday, August 24th. The stock was purchased at an average cost of $35.65 per share, for a total transaction of $71,300.00. Following the completion of the purchase, the director now owns 4,000 shares in the company, valued at approximately $142,600. The disclosure for this purchase can be found here. 2.79% of the stock is currently owned by company insiders.
Large investors have recently bought and sold shares of the stock. FMR LLC raised its stake in UDR by 12.1% in the second quarter. FMR LLC now owns 26,196,706 shares of the real estate investment trust’s stock worth $967,182,000 after buying an additional 2,817,406 shares in the last quarter. BlackRock Group LTD raised its stake in UDR by 0.5% in the second quarter. BlackRock Group LTD now owns 3,777,588 shares of the real estate investment trust’s stock worth $139,469,000 after buying an additional 18,195 shares in the last quarter. Janus Capital Management LLC raised its stake in UDR by 62.0% in the second quarter. Janus Capital Management LLC now owns 2,665,730 shares of the real estate investment trust’s stock worth $98,419,000 after buying an additional 1,020,160 shares in the last quarter. Credit Suisse AG raised its stake in UDR by 13.7% in the second quarter. Credit Suisse AG now owns 1,176,152 shares of the real estate investment trust’s stock worth $43,423,000 after buying an additional 141,308 shares in the last quarter. Finally, Guggenheim Capital LLC raised its stake in UDR by 3.1% in the second quarter. Guggenheim Capital LLC now owns 1,056,090 shares of the real estate investment trust’s stock worth $38,991,000 after buying an additional 31,841 shares in the last quarter. 98.22% of the stock is currently owned by institutional investors.
Shares of UDR (NYSE:UDR) opened at 36.56 on Friday. UDR has a one year low of $32.90 and a one year high of $38.61. The company’s 50 day moving average is $36.07 and its 200-day moving average is $36.24. The firm has a market capitalization of $9.76 billion, a price-to-earnings ratio of 46.93 and a beta of 0.69.
UDR (NYSE:UDR) last announced its quarterly earnings results on Tuesday, July 26th. The real estate investment trust reported $0.44 earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.44. UDR had a net margin of 21.86% and a return on equity of 7.15%. The firm earned $238.79 million during the quarter, compared to analysts’ expectations of $235.77 million. During the same period in the prior year, the company posted $0.41 EPS. The company’s revenue was up 10.6% on a year-over-year basis. Equities analysts expect that UDR will post $1.78 EPS for the current year.
UDR has been the topic of several research analyst reports. BTIG Research initiated coverage on shares of UDR in a research note on Thursday, August 25th. They set a “buy” rating and a $42.00 price target on the stock. Mizuho raised shares of UDR from a “neutral” rating to a “buy” rating and increased their price target for the company from $37.00 to $41.00 in a research note on Monday, August 1st. Cantor Fitzgerald reaffirmed a “buy” rating and issued a $39.50 price objective on shares of UDR in a research note on Monday, July 18th. Zacks Investment Research raised shares of UDR from a “sell” rating to a “hold” rating in a research note on Wednesday, June 22nd. Finally, Citigroup Inc. raised their price objective on shares of UDR from $37.00 to $38.00 and gave the company a “neutral” rating in a research note on Tuesday, August 2nd. Three analysts have rated the stock with a sell rating, ten have assigned a hold rating and six have given a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus target price of $38.71.
UDR, Inc is a real estate investment trust. The Company owns, operates, acquires, renovates, develops, redevelops and manages multifamily apartment communities generally located in various markets across the United States. The Company operates through two segments: Same-Store Communities and Non-Mature Communities/Other.
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