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

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

Several other hedge funds have also recently bought and sold shares of UDR. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in UDR by 862.3% in the 3rd 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 buying an additional 2,766,172 shares during the last quarter. Mizuho Securities USA LLC raised its holdings in shares of UDR by 8,460.5% in the third 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 last quarter. FMR LLC lifted its position in shares of UDR by 14.8% in the third 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 in the last quarter. JPMorgan Chase & Co. boosted its holdings 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 last quarter. Finally, Los Angeles Capital Management LLC grew its position in UDR by 1,665.3% in 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 purchasing an additional 348,520 shares in the last quarter. 97.84% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

UDR has been the subject of a number of recent research reports. Barclays reduced their price objective on shares of UDR from $50.00 to $48.00 and set an “overweight” rating for the company in a research note on Friday, January 24th. Mizuho lowered their price target on UDR from $47.00 to $45.00 and set a “neutral” rating on the stock in a research report on Monday, January 6th. Royal Bank of Canada cut 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. Jefferies Financial Group downgraded shares of UDR from a “buy” rating to a “hold” rating and lowered their target price for the stock from $50.00 to $45.00 in a report on Thursday, January 2nd. Finally, Scotiabank cut their price target on shares of UDR from $49.00 to $48.00 and set a “sector perform” rating for the company in a research note on Thursday, November 14th. 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 MarketBeat.com, the company has an average rating of “Hold” and an average target price of $46.06.

UDR Trading Up 0.7 %

NYSE UDR opened at $41.74 on Friday. UDR, Inc. has a 12 month low of $34.19 and a 12 month high of $47.55. The company has a current ratio of 5.91, a quick ratio of 5.91 and a debt-to-equity ratio of 1.69. The firm has a market capitalization of $13.77 billion, a PE ratio of 112.81, a price-to-earnings-growth ratio of 11.12 and a beta of 0.89. The business’s 50-day moving average price is $43.09 and its two-hundred day moving average price is $43.40.

UDR Announces Dividend

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

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.