UDR, Inc. (UDR) Position Held by Capital Management Corp VA
Capital Management Corp VA held its stake in shares of UDR, Inc. (NYSE:UDR) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 9,007 shares of the real estate investment trust’s stock at the end of the fourth quarter. Capital Management Corp VA’s holdings in UDR were worth $338,000 as of its most recent SEC filing.
Several other large investors have also recently bought and sold shares of the stock. World Asset Management Inc boosted its stake in UDR by 18.0% in the fourth quarter. World Asset Management Inc now owns 18,807 shares of the real estate investment trust’s stock worth $707,000 after buying an additional 2,864 shares during the last quarter. Korea Investment CORP purchased a new stake in UDR during the fourth quarter worth approximately $1,367,000. Great West Life Assurance Co. Can boosted its stake in UDR by 49.1% in the fourth quarter. Great West Life Assurance Co. Can now owns 93,951 shares of the real estate investment trust’s stock worth $3,531,000 after buying an additional 30,921 shares during the last quarter. California State Teachers Retirement System boosted its stake in UDR by 1.6% in the fourth quarter. California State Teachers Retirement System now owns 495,174 shares of the real estate investment trust’s stock worth $18,604,000 after buying an additional 7,776 shares during the last quarter. Finally, Nationwide Fund Advisors boosted its stake in UDR by 0.4% in the fourth quarter. Nationwide Fund Advisors now owns 447,512 shares of the real estate investment trust’s stock worth $16,813,000 after buying an additional 1,811 shares during the last quarter.
UDR, Inc. (NYSE:UDR) opened at 35.48 on Wednesday. UDR, Inc. has a 1-year low of $30.03 and a 1-year high of $38.07. The company’s 50-day moving average is $36.33 and its 200 day moving average is $34.95. The stock has a market capitalization of $9.30 billion and a PE ratio of 39.07.
UDR (NYSE:UDR) last released its earnings results on Tuesday, February 2nd. The real estate investment trust reported $0.42 earnings per share for the quarter, hitting the consensus estimate of $0.42. The company had revenue of $237.60 million for the quarter, compared to analysts’ expectations of $225.26 million. The firm’s revenue for the quarter was up 13.4% on a year-over-year basis. During the same period in the prior year, the firm posted $0.39 EPS. Equities analysts predict that UDR, Inc. will post $1.67 earnings per share for the current year.
The business also recently announced a quarterly dividend, which was paid on Monday, February 1st. Shareholders of record on Monday, January 11th were given a dividend of $0.2775 per share. This is an increase from UDR’s previous quarterly dividend of $0.22. This represents a $1.11 annualized dividend and a yield of 3.13%. The ex-dividend date of this dividend was Thursday, January 7th.
A number of equities research analysts have recently commented on the stock. Mizuho reiterated a “buy” rating and set a $41.00 price target (up previously from $39.00) on shares of UDR in a report on Friday, December 18th. JMP Securities downgraded shares of UDR from an “outperform” rating to a “market perform” rating and set a $40.00 price objective on the stock. in a research report on Tuesday, January 19th. They noted that the move was a valuation call. Morgan Stanley increased their price objective on shares of UDR from $38.00 to $40.00 and gave the company an “equal weight” rating in a research report on Friday, October 16th. JPMorgan Chase & Co. increased their price objective on shares of UDR from $36.00 to $38.00 and gave the company an “overweight” rating in a research report on Monday, November 16th. Finally, Robert W. Baird downgraded shares of UDR from an “outperform” rating to a “neutral” rating and set a $37.00 price objective on the stock. in a research report on Thursday, December 17th. Two research analysts have rated the stock with a sell rating, fourteen have issued a hold rating and four have given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus price target of $37.61.
In other news, SVP Jerry A. Davis sold 10,000 shares of the company’s stock in a transaction on Friday, November 27th. The shares were sold at an average price of $37.85, for a total value of $378,500.00. Following the sale, the senior vice president now directly owns 170,987 shares of the company’s stock, valued at approximately $6,471,857.95. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP Matthew A. Cozad sold 1,000 shares of the company’s stock in a transaction on Tuesday, December 1st. The shares were sold at an average price of $37.35, for a total transaction of $37,350.00. Following the completion of the sale, the vice president now directly owns 8,812 shares in the company, valued at $329,128.20. The disclosure for this sale can be found here.
UDR, Inc. is a self-administered real estate investment trust (NYSE:UDR). The Company owns, operates, acquires, renovates, develops, redevelops and manages multifamily apartment communities located in high barrier-to-entry markets throughout the United States. The Company operates through two segments: Same-Store Communities and Non-Mature Communities/Other. The Company’s Same-Store Communities segment includes the communities that were acquired, developed and stabilized prior to January 1, 2013, and held as of December 31, 2014. The Company’s Non-Mature Communities/Other segment represents the acquired, developed and redeveloped communities, and the non-apartment components of mixed use properties, which do not meet the criteria to be included in the Same-Store Communities segment. As of December 31, 2014, the Company’s consolidated real estate portfolio included 139 communities located in 20 markets, with a total of 39,851 completed apartment homes.

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