Pacer Advisors Inc. Decreases Stock Holdings in UDR, Inc. (NYSE:UDR)


Pacer Advisors Inc. cut its position in UDR, Inc. (NYSE:UDR – Get Rating) by 16.6% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 15,349 shares of the real estate investment trust’s stock after selling 3,058 shares during the quarter. Pacer Advisors Inc.’s holdings in UDR were worth $881,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently made changes to their positions in UDR. Norges Bank purchased a new position in shares of UDR in the fourth quarter valued at $1,087,564,000. PGGM Investments boosted its stake in shares of UDR by 1,523.5% in the fourth quarter. PGGM Investments now owns 7,066,821 shares of the real estate investment trust’s stock valued at $423,939,000 after purchasing an additional 6,631,525 shares during the period. BlackRock Inc. boosted its stake in shares of UDR by 9.1% in the fourth quarter. BlackRock Inc. now owns 34,773,820 shares of the real estate investment trust’s stock valued at $2,086,082,000 after purchasing an additional 2,901,453 shares during the period. State Street Corp boosted its stake in shares of UDR by 10.6% in the fourth quarter. State Street Corp now owns 18,489,137 shares of the real estate investment trust’s stock valued at $1,109,163,000 after purchasing an additional 1,772,966 shares during the period. Finally, Centersquare Investment Management LLC boosted its stake in shares of UDR by 7.3% in the fourth quarter. Centersquare Investment Management LLC now owns 6,078,847 shares of the real estate investment trust’s stock valued at $364,670,000 after purchasing an additional 411,082 shares during the period. Institutional investors and hedge funds own 96.39% of the company’s stock.

A number of research analysts have commented on UDR shares. Scotiabank reduced their price objective on shares of UDR from $60.00 to $58.00 in a research note on Thursday, May 19th. Wolfe Research upgraded shares of UDR from a “peer perform” rating to an “outperform” rating in a research note on Tuesday, March 15th. Morgan Stanley reduced their price objective on shares of UDR from $56.00 to $51.00 and set an “equal weight” rating on the stock in a research note on Wednesday, May 25th. StockNews.com started coverage on shares of UDR in a research note on Thursday, March 31st. They set a “hold” rating on the stock. Finally, Evercore ISI set a $54.00 price objective on shares of UDR in a research note on Monday, June 20th. Five research analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $57.87.

UDR stock opened at $46.15 on Friday. The company has a quick ratio of 0.30, a current ratio of 0.30 and a debt-to-equity ratio of 1.64. UDR, Inc. has a fifty-two week low of $42.00 and a fifty-two week high of $61.06. The firm’s 50-day simple moving average is $49.01 and its 200 day simple moving average is $54.42. The stock has a market cap of $14.69 billion, a PE ratio of 90.49, a price-to-earnings-growth ratio of 2.22 and a beta of 0.77.

UDR (NYSE:UDR – Get Rating) last announced its earnings results on Tuesday, April 26th. The real estate investment trust reported $0.04 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.55 by ($0.51). UDR had a net margin of 11.93% and a return on equity of 4.79%. During the same quarter in the prior year, the business posted $0.47 earnings per share. Equities analysts forecast that UDR, Inc. will post 2.3 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, August 1st. Stockholders of record on Monday, July 11th will be given a dividend of $0.38 per share. The ex-dividend date of this dividend is Friday, July 8th. This represents a $1.52 annualized dividend and a dividend yield of 3.29%. UDR’s dividend payout ratio (DPR) is 298.05%.

UDR Profile (GetRated)

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 US

See Also

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Institutional Ownership by Quarter for UDR (NYSE:UDR)



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