Allianz Asset Management GmbH reduced its stake in shares of UDR, Inc. (NYSE:UDR) by 33.2% during the 3rd quarter, according to its most recent filing with the SEC. The firm owned 570,988 shares of the real estate investment trust’s stock after selling 283,846 shares during the period. Allianz Asset Management GmbH owned approximately 0.21% of UDR worth $23,085,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Mirae Asset Global Investments Co. Ltd. purchased a new position in UDR in the 3rd quarter valued at about $824,000. Hsbc Holdings PLC lifted its stake in UDR by 122.7% in the 3rd quarter. Hsbc Holdings PLC now owns 134,686 shares of the real estate investment trust’s stock valued at $5,445,000 after buying an additional 74,204 shares in the last quarter. Korea Investment CORP lifted its stake in UDR by 203.8% in the 3rd quarter. Korea Investment CORP now owns 300,843 shares of the real estate investment trust’s stock valued at $12,163,000 after buying an additional 201,820 shares in the last quarter. Westpac Banking Corp lifted its stake in UDR by 34.1% in the 3rd quarter. Westpac Banking Corp now owns 194,000 shares of the real estate investment trust’s stock valued at $7,843,000 after buying an additional 49,371 shares in the last quarter. Finally, Credit Suisse AG lifted its stake in UDR by 2.0% in the 3rd quarter. Credit Suisse AG now owns 916,169 shares of the real estate investment trust’s stock valued at $37,041,000 after buying an additional 17,588 shares in the last quarter. 97.55% of the stock is currently owned by institutional investors.

A number of brokerages recently weighed in on UDR. Royal Bank of Canada raised their price target on shares of UDR from $39.00 to $40.00 and gave the company a “sector perform” rating in a research note on Friday, August 10th. Zacks Investment Research lowered shares of UDR from a “buy” rating to a “hold” rating in a research note on Thursday, November 22nd. ValuEngine raised shares of UDR from a “hold” rating to a “buy” rating in a research note on Tuesday, November 13th. Robert W. Baird lowered shares of UDR from an “outperform” rating to a “neutral” rating and set a $42.00 price target on the stock. in a research note on Tuesday, November 20th. Finally, Capital One Financial began coverage on shares of UDR in a research note on Monday, November 19th. They issued an “equal weight” rating and a $43.00 price target on the stock. Two equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and six have issued a buy rating to the company. UDR presently has a consensus rating of “Hold” and a consensus price target of $40.93.

UDR stock opened at $41.78 on Thursday. The stock has a market capitalization of $11.44 billion, a price-to-earnings ratio of 22.34, a price-to-earnings-growth ratio of 3.80 and a beta of 0.37. The company has a debt-to-equity ratio of 1.49, a current ratio of 5.97 and a quick ratio of 5.97. UDR, Inc. has a 12 month low of $32.88 and a 12 month high of $42.89.

UDR (NYSE:UDR) last released its quarterly earnings data on Monday, October 29th. The real estate investment trust reported $0.07 EPS for the quarter, meeting the Zacks’ consensus estimate of $0.07. The company had revenue of $266.10 million during the quarter, compared to the consensus estimate of $258.90 million. UDR had a net margin of 18.43% and a return on equity of 7.09%. UDR’s quarterly revenue was up 6.0% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.06 EPS. On average, sell-side analysts expect that UDR, Inc. will post 1.94 earnings per share for the current year.

In other UDR news, VP Warren L. Troupe sold 10,000 shares of the stock in a transaction dated Monday, November 12th. The shares were sold at an average price of $41.29, for a total value of $412,900.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Thomas W. Toomey sold 40,000 shares of the stock in a transaction dated Wednesday, November 14th. The shares were sold at an average price of $41.20, for a total transaction of $1,648,000.00. Following the completion of the sale, the chief executive officer now owns 1,746,826 shares of the company’s stock, valued at approximately $71,969,231.20. The disclosure for this sale can be found here. In the last quarter, insiders sold 84,773 shares of company stock valued at $3,474,829. 3.16% of the stock is owned by insiders.

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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 properties in targeted U.S.

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Institutional Ownership by Quarter for UDR (NYSE:UDR)

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