UMB Bank n.a. acquired a new stake in UDR, Inc. (NYSE:UDR – Free Report) in the 2nd quarter, HoldingsChannel.com reports. The fund acquired 794 shares of the real estate investment trust’s stock, valued at approximately $33,000.
Several other hedge funds have also modified their holdings of UDR. Principal Securities Inc. purchased a new stake in shares of UDR during the fourth quarter valued at $26,000. Fidelis Capital Partners LLC purchased a new stake in shares of UDR during the first quarter valued at $26,000. Family Firm Inc. purchased a new stake in shares of UDR during the second quarter valued at $26,000. Quest Partners LLC purchased a new stake in shares of UDR during the fourth quarter valued at $27,000. Finally, Blue Trust Inc. lifted its holdings in shares of UDR by 1,018.3% during the second quarter. Blue Trust Inc. now owns 1,040 shares of the real estate investment trust’s stock valued at $39,000 after purchasing an additional 947 shares during the last quarter. 97.84% of the stock is owned by hedge funds and other institutional investors.
Insider Activity
In related news, CEO Thomas W. Toomey sold 90,000 shares of the stock in a transaction that occurred on Friday, June 7th. The stock was sold at an average price of $39.52, for a total transaction of $3,556,800.00. Following the completion of the sale, the chief executive officer now owns 849,716 shares in the company, valued at approximately $33,580,776.32. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 3.73% of the stock is currently owned by insiders.
Analysts Set New Price Targets
Get Our Latest Stock Analysis on UDR
UDR Stock Performance
Shares of NYSE UDR opened at $44.51 on Friday. The company has a debt-to-equity ratio of 1.57, a quick ratio of 5.82 and a current ratio of 5.82. The firm has a market cap of $14.68 billion, a price-to-earnings ratio of 32.25, a P/E/G ratio of 9.49 and a beta of 0.83. The business’s 50-day simple moving average is $41.50 and its 200-day simple moving average is $39.07. UDR, Inc. has a 52 week low of $30.95 and a 52 week high of $44.53.
UDR (NYSE:UDR – Get Free Report) last issued its quarterly earnings data on Tuesday, July 30th. The real estate investment trust reported $0.08 EPS for the quarter, missing analysts’ consensus estimates of $0.61 by ($0.53). The company had revenue of $415.30 million for the quarter, compared to analyst estimates of $413.75 million. UDR had a net margin of 8.34% and a return on equity of 3.70%. The business’s revenue was up 2.7% on a year-over-year basis. During the same period in the prior year, the company posted $0.61 EPS. As a group, equities research analysts expect that UDR, Inc. will post 2.46 earnings per share for the current fiscal year.
UDR Dividend Announcement
The business also recently disclosed a quarterly dividend, which was paid on Wednesday, July 31st. Stockholders of record on Wednesday, July 10th were issued a dividend of $0.425 per share. This represents a $1.70 dividend on an annualized basis and a dividend yield of 3.82%. The ex-dividend date was Wednesday, July 10th. UDR’s dividend payout ratio is 123.19%.
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.
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