Cetera Trust Company N.A Decreases Holdings in UDR, Inc. (NYSE:UDR)

Cetera Trust Company N.A trimmed its stake in UDR, Inc. (NYSE:UDR) by 8.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 5,000 shares of the real estate investment trust’s stock after selling 475 shares during the quarter. Cetera Trust Company N.A’s holdings in UDR were worth $217,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. International Assets Investment Management LLC lifted its stake in UDR by 4,436.2% in the third quarter. International Assets Investment Management LLC now owns 44,228 shares of the real estate investment trust’s stock valued at $2,005,000 after purchasing an additional 43,253 shares during the last quarter. Los Angeles Capital Management LLC increased its holdings in UDR by 1,665.3% in the 3rd quarter. Los Angeles Capital Management LLC now owns 369,448 shares of the real estate investment trust’s stock worth $16,751,000 after acquiring an additional 348,520 shares during the last quarter. MQS Management LLC bought a new stake in UDR in the 3rd quarter valued at about $712,000. JPMorgan Chase & Co. boosted its position in UDR by 5.0% during the third quarter. JPMorgan Chase & Co. now owns 7,774,541 shares of the real estate investment trust’s stock worth $352,498,000 after purchasing an additional 368,087 shares during the period. Finally, Millennium Management LLC raised its position in shares of UDR by 115.3% in the second quarter. Millennium Management LLC now owns 3,499,150 shares of the real estate investment trust’s stock valued at $143,990,000 after purchasing an additional 1,874,096 shares during the period. 97.84% of the stock is owned by institutional investors.

UDR Price Performance

Shares of NYSE:UDR opened at $40.69 on Wednesday. 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 stock has a market cap of $13.43 billion, a PE ratio of 110.44, a PEG ratio of 11.22 and a beta of 0.89. The company’s fifty day moving average is $43.60 and its 200 day moving average is $43.42. UDR, Inc. has a 52 week low of $34.19 and a 52 week high of $47.55.

UDR Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, January 31st. Stockholders of record on Thursday, January 9th will be paid a $0.425 dividend. This represents a $1.70 dividend on an annualized basis and a dividend yield of 4.18%. The ex-dividend date of this dividend is Friday, January 10th. UDR’s dividend payout ratio (DPR) is presently 459.47%.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on UDR shares. Jefferies Financial Group lowered shares of UDR from a “buy” rating to a “hold” rating and reduced their price objective for the company from $50.00 to $45.00 in a research note on Thursday, January 2nd. Scotiabank decreased their price target on UDR from $49.00 to $48.00 and set a “sector perform” rating on the stock in a research report on Thursday, November 14th. Royal Bank of Canada decreased their target price on shares of UDR from $46.00 to $45.00 and set a “sector perform” rating on the stock in a report on Tuesday, November 5th. Mizuho decreased their price target on shares of UDR from $47.00 to $45.00 and set a “neutral” rating on the stock in a report on Monday, January 6th. Finally, Barclays started coverage on UDR in a research note on Tuesday, December 17th. They set an “overweight” rating and a $50.00 price objective for the company. Two analysts have rated the stock with a sell rating, eight have issued a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $46.35.

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.