AlphaCrest Capital Management LLC decreased its holdings in shares of UDR, Inc. (NYSE:UDR) by 41.3% during the 1st quarter, Holdings Channel reports. The firm owned 8,001 shares of the real estate investment trust’s stock after selling 5,626 shares during the period. AlphaCrest Capital Management LLC’s holdings in UDR were worth $364,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of UDR. Zimmer Partners LP acquired a new stake in shares of UDR during the fourth quarter worth $165,414,000. Norges Bank acquired a new stake in shares of UDR during the fourth quarter worth $106,065,000. Cohen & Steers Inc. boosted its holdings in shares of UDR by 3.8% during the fourth quarter. Cohen & Steers Inc. now owns 44,224,930 shares of the real estate investment trust’s stock worth $1,752,192,000 after purchasing an additional 1,619,197 shares during the last quarter. BlackRock Inc. boosted its holdings in shares of UDR by 4.4% during the first quarter. BlackRock Inc. now owns 32,101,918 shares of the real estate investment trust’s stock worth $1,459,352,000 after purchasing an additional 1,364,241 shares during the last quarter. Finally, Oregon Public Employees Retirement Fund boosted its holdings in shares of UDR by 3,986.5% during the fourth quarter. Oregon Public Employees Retirement Fund now owns 1,198,148 shares of the real estate investment trust’s stock worth $30,000 after purchasing an additional 1,168,828 shares during the last quarter. Institutional investors and hedge funds own 97.71% of the company’s stock.

Shares of UDR opened at $46.35 on Friday. The company has a debt-to-equity ratio of 1.23, a quick ratio of 6.64 and a current ratio of 6.64. The firm has a market capitalization of $12.97 billion, a P/E ratio of 23.65, a PEG ratio of 3.94 and a beta of 0.50. UDR, Inc. has a twelve month low of $36.00 and a twelve month high of $46.57.

UDR (NYSE:UDR) last issued its earnings results on Tuesday, April 30th. The real estate investment trust reported $0.08 earnings per share for the quarter, missing the consensus estimate of $0.50 by ($0.42). UDR had a return on equity of 5.38% and a net margin of 13.70%. The firm had revenue of $270.67 million during the quarter, compared to analysts’ expectations of $267.41 million. During the same period last year, the business posted $0.30 earnings per share. The company’s quarterly revenue was up 6.9% compared to the same quarter last year. Equities research analysts expect that UDR, Inc. will post 2.06 EPS for the current year.

In other UDR news, CAO Tracy L. Hofmeister sold 1,500 shares of the firm’s stock in a transaction dated Friday, May 10th. The stock was sold at an average price of $44.09, for a total value of $66,135.00. Following the transaction, the chief accounting officer now directly owns 10,295 shares of the company’s stock, valued at $453,906.55. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Harry G. Alcock sold 10,000 shares of the firm’s stock in a transaction dated Thursday, April 4th. The shares were sold at an average price of $45.37, for a total value of $453,700.00. Following the completion of the transaction, the senior vice president now directly owns 117,284 shares in the company, valued at $5,321,175.08. The disclosure for this sale can be found here. Insiders sold 94,750 shares of company stock worth $4,262,568 over the last three months. 2.85% of the stock is currently owned by corporate insiders.

UDR has been the topic of several analyst reports. Zacks Investment Research upgraded UDR from a “hold” rating to a “buy” rating and set a $51.00 price objective on the stock in a report on Tuesday, April 16th. TheStreet lowered UDR from a “b” rating to a “c” rating in a research report on Tuesday, April 30th. Barclays reaffirmed a “hold” rating and issued a $46.00 target price on shares of UDR in a research report on Tuesday, April 16th. BMO Capital Markets reaffirmed a “hold” rating and issued a $49.00 target price on shares of UDR in a research report on Monday, March 25th. Finally, Goldman Sachs Group lowered UDR from a “neutral” rating to a “sell” rating and cut their target price for the stock from $43.00 to $39.00 in a research report on Monday, March 11th. Three analysts have rated the stock with a sell rating, seven have assigned a hold rating and four have given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average price target of $44.20.

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UDR Company 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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