Daiwa Securities Group Inc. Sells 111,878 Shares of UDR, Inc. (NYSE:UDR)

Daiwa Securities Group Inc. reduced its stake in UDR, Inc. (NYSE:UDR) by 1.6% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,998,102 shares of the real estate investment trust’s stock after selling 111,878 shares during the quarter. UDR comprises approximately 1.4% of Daiwa Securities Group Inc.’s portfolio, making the stock its 21st biggest holding. Daiwa Securities Group Inc. owned approximately 2.12% of UDR worth $303,787,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of the stock. Activest Wealth Management bought a new stake in shares of UDR during the 3rd quarter worth $27,000. Brooklyn Investment Group purchased a new stake in UDR during the third quarter valued at about $33,000. Continuum Advisory LLC lifted its stake in UDR by 5,335.3% during the third quarter. Continuum Advisory LLC now owns 924 shares of the real estate investment trust’s stock worth $41,000 after purchasing an additional 907 shares during the last quarter. Smartleaf Asset Management LLC boosted its holdings in shares of UDR by 68.7% in the 4th quarter. Smartleaf Asset Management LLC now owns 1,206 shares of the real estate investment trust’s stock worth $52,000 after purchasing an additional 491 shares in the last quarter. Finally, Salem Investment Counselors Inc. increased its position in shares of UDR by 62.7% during the 4th quarter. Salem Investment Counselors Inc. now owns 1,349 shares of the real estate investment trust’s stock valued at $59,000 after purchasing an additional 520 shares during the last quarter. 97.84% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In related news, CEO Thomas W. Toomey sold 25,000 shares of UDR stock in a transaction that occurred 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 sale, the chief executive officer now directly owns 824,716 shares in the company, valued at $35,256,609. The trade was a 2.94 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Company insiders own 3.73% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on the company. Scotiabank boosted their target price on UDR from $48.00 to $49.00 and gave the stock a “sector perform” rating in a research report on Friday, February 14th. Wells Fargo & Company lowered their price objective on shares of UDR from $48.00 to $45.00 and set an “overweight” rating for the company in a report on Friday, January 24th. StockNews.com raised shares of UDR from a “sell” rating to a “hold” rating in a report on Thursday, February 6th. Evercore ISI boosted their price target on shares of UDR from $43.00 to $45.00 and gave the stock an “in-line” rating in a research note on Monday, February 10th. Finally, Mizuho cut their price target on shares of UDR from $47.00 to $45.00 and set a “neutral” rating for the company in a research report on Monday, January 6th. One analyst has rated the stock with a sell rating, ten have issued a hold rating and eight have given a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $46.18.

UDR Price Performance

Shares of UDR stock opened at $44.43 on Monday. The business has a 50 day moving average of $42.47 and a 200 day moving average of $43.80. UDR, Inc. has a 52 week low of $35.14 and a 52 week high of $47.55. The company has a market cap of $14.71 billion, a PE ratio of 177.72, a P/E/G ratio of 8.67 and a beta of 0.88. The company has a quick ratio of 5.91, a current ratio of 5.61 and a debt-to-equity ratio of 1.71.

UDR (NYSE:UDR) last issued its quarterly earnings data on Wednesday, February 5th. The real estate investment trust reported $0.63 EPS for the quarter, topping 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%. As a group, equities research analysts forecast that UDR, Inc. will post 2.51 earnings per share for the current year.

UDR Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, January 31st. Shareholders of record on Thursday, January 9th were given a dividend of $0.425 per share. The ex-dividend date was Friday, January 10th. This represents a $1.70 annualized dividend and a yield of 3.83%. UDR’s payout ratio is 680.00%.

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.