Bleakley Financial Group LLC Sells 625 Shares of UDR, Inc. (NYSE:UDR)

Bleakley Financial Group LLC trimmed its position in UDR, Inc. (NYSE:UDR) by 1.2% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 51,270 shares of the real estate investment trust’s stock after selling 625 shares during the period. Bleakley Financial Group LLC’s holdings in UDR were worth $2,325,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of UDR. Fidelis Capital Partners LLC bought a new stake in shares of UDR in the first quarter valued at about $26,000. Family Firm Inc. bought a new stake in shares of UDR in the second quarter valued at about $26,000. UMB Bank n.a. bought a new stake in shares of UDR in the second quarter valued at about $33,000. Rothschild Investment LLC bought a new stake in shares of UDR in the second quarter valued at about $35,000. Finally, Quest Partners LLC bought a new stake in shares of UDR in the second quarter valued at about $37,000. 97.84% of the stock is currently owned by institutional investors.

UDR Price Performance

Shares of NYSE UDR opened at $44.77 on Friday. UDR, Inc. has a twelve month low of $30.95 and a twelve month high of $47.55. The business’s 50 day moving average price is $44.38 and its two-hundred day moving average price is $41.15. The company has a quick ratio of 5.82, a current ratio of 5.82 and a debt-to-equity ratio of 1.57. The company has a market cap of $14.74 billion, a PE ratio of 32.44, a price-to-earnings-growth ratio of 9.63 and a beta of 0.85.

UDR (NYSE:UDR) last posted its earnings results on Tuesday, July 30th. The real estate investment trust reported $0.08 EPS for the quarter, missing the consensus estimate of $0.61 by ($0.53). UDR had a net margin of 8.34% and a return on equity of 3.70%. The firm had revenue of $415.30 million during the quarter, compared to analyst estimates of $413.75 million. During the same period in the previous year, the company posted $0.61 EPS. UDR’s revenue for the quarter was up 2.7% compared to the same quarter last year. On average, analysts predict that UDR, Inc. will post 2.47 EPS for the current year.

UDR Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, October 31st. Stockholders of record on Thursday, October 10th will be given a $0.425 dividend. This represents a $1.70 annualized dividend and a dividend yield of 3.80%. The ex-dividend date is Thursday, October 10th. UDR’s payout ratio is 123.19%.

Analyst Upgrades and Downgrades

UDR has been the topic of a number of recent research reports. Evercore ISI lifted their target price on UDR from $42.00 to $43.00 and gave the company an “in-line” rating in a research report on Monday, September 9th. BMO Capital Markets raised UDR from a “market perform” rating to an “outperform” rating and lifted their target price for the company from $39.00 to $45.00 in a research report on Monday, July 15th. Deutsche Bank Aktiengesellschaft lifted their target price on UDR from $40.00 to $44.00 and gave the company a “hold” rating in a research report on Tuesday, September 10th. UBS Group lifted their target price on UDR from $48.00 to $52.00 and gave the company a “buy” rating in a research report on Thursday, September 12th. Finally, Wedbush lifted their target price on UDR from $45.00 to $49.00 and gave the company an “outperform” rating in a research report on Monday, August 5th. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating and eight have given a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $44.28.

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.