616,034 Shares in UDR, Inc. (NYSE:UDR) Bought by Waterfront Capital Partners LLC

Waterfront Capital Partners LLC purchased a new stake in shares of UDR, Inc. (NYSE:UDR) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 616,034 shares of the real estate investment trust’s stock, valued at approximately $26,742,000. UDR makes up about 4.9% of Waterfront Capital Partners LLC’s investment portfolio, making the stock its 4th biggest position.

Other institutional investors have also bought and sold shares of the company. Asset Management One Co. Ltd. raised its holdings in UDR by 7.9% during the 4th 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 buying an additional 42,926 shares during the period. Principal Financial Group Inc. increased its position in UDR by 45.7% during the fourth quarter. Principal Financial Group Inc. now owns 512,540 shares of the real estate investment trust’s stock valued at $22,249,000 after acquiring an additional 160,708 shares during the last quarter. JPMorgan Chase & Co. raised its stake in shares of UDR by 5.0% in the third quarter. JPMorgan Chase & Co. now owns 7,774,541 shares of the real estate investment trust’s stock valued at $352,498,000 after acquiring an additional 368,087 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd raised its stake in shares of UDR by 7.0% in the fourth quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 95,344 shares of the real estate investment trust’s stock valued at $4,139,000 after acquiring an additional 6,217 shares during the period. Finally, Charles Schwab Investment Management Inc. lifted its holdings in shares of UDR by 2.2% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 4,367,054 shares of the real estate investment trust’s stock worth $189,574,000 after acquiring an additional 95,022 shares during the last quarter. Institutional investors own 97.84% of the company’s stock.

UDR Trading Down 0.6 %

NYSE:UDR opened at $41.57 on Friday. The firm has a 50-day simple moving average of $42.81 and a 200-day simple moving average of $43.15. UDR, Inc. has a one year low of $36.61 and a one year high of $47.55. The firm has a market cap of $13.77 billion, a P/E ratio of 166.28, a P/E/G ratio of 8.67 and a beta of 0.78. The company has a debt-to-equity ratio of 1.71, a quick ratio of 5.91 and a current ratio of 5.61.

UDR (NYSE:UDR) last issued its quarterly earnings data on Wednesday, February 5th. The real estate investment trust reported $0.63 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.10 by $0.53. UDR had a net margin of 5.36% and a return on equity of 2.65%. Equities analysts anticipate that UDR, Inc. will post 2.51 EPS for the current fiscal year.

UDR Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Thursday, April 10th will be given a $0.43 dividend. This represents a $1.72 annualized dividend and a dividend yield of 4.14%. This is a positive change from UDR’s previous quarterly dividend of $0.43. The ex-dividend date of this dividend is Thursday, April 10th. UDR’s payout ratio is presently 688.00%.

Insider Buying and Selling

In other UDR news, CEO Thomas W. Toomey sold 25,000 shares of the business’s stock in a transaction dated Thursday, February 20th. The shares were sold at an average price of $42.75, for a total value of $1,068,750.00. Following the completion of the transaction, the chief executive officer now directly owns 824,716 shares in the company, valued at approximately $35,256,609. The trade was a 2.94 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 3.39% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

UDR has been the topic of a number of recent analyst reports. Wells Fargo & Company reduced their price objective on shares of UDR from $48.00 to $45.00 and set an “overweight” rating on the stock in a research report on Friday, January 24th. StockNews.com upgraded UDR from a “sell” rating to a “hold” rating in a report on Thursday, February 6th. Zelman & Associates reissued a “neutral” rating on shares of UDR in a research note on Thursday, February 13th. Mizuho cut their price objective on UDR from $47.00 to $45.00 and set a “neutral” rating on the stock in a research report on Monday, January 6th. Finally, Royal Bank of Canada lifted their target price on UDR from $43.00 to $44.00 and gave the stock a “sector perform” rating in a research report on Friday, February 7th. 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 company. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $46.12.

About UDR

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.