Verus Financial Partners Inc. Sells 478 Shares of UDR, Inc. (NYSE:UDR)

Verus Financial Partners Inc. cut its stake in shares of UDR, Inc. (NYSE:UDR) by 7.0% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 6,320 shares of the real estate investment trust’s stock after selling 478 shares during the period. Verus Financial Partners Inc.’s holdings in UDR were worth $253,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of the company. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in shares of UDR by 862.3% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 3,086,964 shares of the real estate investment trust’s stock valued at $139,963,000 after acquiring an additional 2,766,172 shares in the last quarter. Mizuho Securities USA LLC grew its stake in UDR by 8,460.5% in the 3rd quarter. Mizuho Securities USA LLC now owns 2,000,000 shares of the real estate investment trust’s stock valued at $90,680,000 after purchasing an additional 1,976,637 shares during the period. FMR LLC raised its stake in shares of UDR by 14.8% during the 3rd quarter. FMR LLC now owns 11,401,026 shares of the real estate investment trust’s stock worth $516,923,000 after purchasing an additional 1,471,855 shares during the period. JPMorgan Chase & Co. boosted its holdings in shares of 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 buying an additional 368,087 shares during the last quarter. Finally, Los Angeles Capital Management LLC grew its position in UDR by 1,665.3% during the third quarter. Los Angeles Capital Management LLC now owns 369,448 shares of the real estate investment trust’s stock valued at $16,751,000 after buying an additional 348,520 shares during the period. 97.84% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several brokerages have commented on UDR. Scotiabank lowered their price objective on shares of UDR from $49.00 to $48.00 and set a “sector perform” rating on the stock in a research report on Thursday, November 14th. StockNews.com downgraded UDR from a “hold” rating to a “sell” rating in a research note on Thursday, January 2nd. Mizuho decreased their target price on UDR from $47.00 to $45.00 and set a “neutral” rating for the company in a research report on Monday, January 6th. Wells Fargo & Company dropped their price target on UDR from $48.00 to $45.00 and set an “overweight” rating on the stock in a research report on Friday, January 24th. Finally, Royal Bank of Canada decreased their price objective on UDR from $46.00 to $45.00 and set a “sector perform” rating for the company in a report on Tuesday, November 5th. Two research analysts have rated the stock with a sell rating, eight have given a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $46.06.

UDR Trading Up 0.7 %

Shares of UDR stock opened at $41.74 on Friday. The business has a 50-day moving average price of $43.09 and a two-hundred day moving average price of $43.40. UDR, Inc. has a 12-month low of $34.19 and a 12-month high of $47.55. The company has a quick ratio of 5.91, a current ratio of 5.91 and a debt-to-equity ratio of 1.69. The firm has a market cap of $13.77 billion, a P/E ratio of 112.81, a price-to-earnings-growth ratio of 11.12 and a beta of 0.89.

UDR Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, January 31st. Stockholders of record on Thursday, January 9th were issued a $0.425 dividend. The ex-dividend date was Friday, January 10th. This represents a $1.70 dividend on an annualized basis and a dividend yield of 4.07%. UDR’s payout ratio is 459.47%.

UDR 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.