Banco Bilbao Vizcaya Argentaria S.A. Lowers Stake in UDR, Inc. (NYSE:UDR)

Banco Bilbao Vizcaya Argentaria S.A. decreased its position in UDR, Inc. (NYSE:UDR) by 33.0% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 7,528 shares of the real estate investment trust’s stock after selling 3,707 shares during the quarter. Banco Bilbao Vizcaya Argentaria S.A.’s holdings in UDR were worth $326,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Townsquare Capital LLC lifted its stake in UDR by 4.8% during the 4th quarter. Townsquare Capital LLC now owns 5,173 shares of the real estate investment trust’s stock worth $225,000 after acquiring an additional 237 shares in the last quarter. Exchange Traded Concepts LLC lifted its stake in UDR by 8.8% during the 4th quarter. Exchange Traded Concepts LLC now owns 3,330 shares of the real estate investment trust’s stock worth $145,000 after acquiring an additional 269 shares in the last quarter. Smartleaf Asset Management LLC lifted its stake in UDR by 68.7% during the 4th quarter. Smartleaf Asset Management LLC now owns 1,206 shares of the real estate investment trust’s stock worth $52,000 after acquiring an additional 491 shares in the last quarter. IRON Financial LLC lifted its stake in UDR by 3.0% during the 4th quarter. IRON Financial LLC now owns 17,674 shares of the real estate investment trust’s stock worth $767,000 after acquiring an additional 511 shares in the last quarter. Finally, Salem Investment Counselors Inc. lifted its stake in UDR by 62.7% during the 4th quarter. Salem Investment Counselors Inc. now owns 1,349 shares of the real estate investment trust’s stock worth $59,000 after acquiring an additional 520 shares in the last quarter. 97.84% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other UDR news, CEO Thomas W. Toomey sold 25,000 shares of the stock in a transaction that occurred on Thursday, February 20th. The stock was sold at an average price of $42.75, for a total transaction of $1,068,750.00. Following the completion of the sale, the chief executive officer now directly owns 824,716 shares of the company’s stock, valued at approximately $35,256,609. This trade represents a 2.94 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 3.39% of the stock is owned by insiders.

UDR Trading Down 0.8 %

NYSE:UDR opened at $41.26 on Wednesday. The stock’s 50 day moving average price is $42.72 and its 200 day moving average price is $43.10. The company has a market capitalization of $13.67 billion, a PE ratio of 165.05, a P/E/G ratio of 8.67 and a beta of 0.78. The company has a quick ratio of 5.91, a current ratio of 5.61 and a debt-to-equity ratio of 1.71. UDR, Inc. has a 52-week low of $36.61 and a 52-week high of $47.55.

UDR (NYSE:UDR) last released its quarterly earnings results on Wednesday, February 5th. The real estate investment trust reported $0.63 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.10 by $0.53. UDR had a return on equity of 2.65% and a net margin of 5.36%. On average, research analysts anticipate that UDR, Inc. will post 2.51 EPS for the current year.

UDR Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 30th. Shareholders of record on Thursday, April 10th will be given a dividend of $0.43 per share. This represents a $1.72 dividend on an annualized basis and a yield of 4.17%. This is a boost from UDR’s previous quarterly dividend of $0.43. The ex-dividend date is Thursday, April 10th. UDR’s dividend payout ratio (DPR) is presently 688.00%.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on UDR. Zelman & Associates reissued a “neutral” rating on shares of UDR in a research note on Thursday, February 13th. Mizuho decreased their target price on UDR from $47.00 to $45.00 and set a “neutral” rating on the stock in a research note on Monday, January 6th. Jefferies Financial Group downgraded UDR from a “buy” rating to a “hold” rating and cut their price target for the stock from $50.00 to $45.00 in a report on Thursday, January 2nd. Barclays cut their price target on UDR from $50.00 to $48.00 and set an “overweight” rating on the stock in a report on Friday, January 24th. Finally, Royal Bank of Canada upped their price target on UDR from $43.00 to $44.00 and gave the stock a “sector perform” rating in a report on Friday, February 7th. One investment analyst has rated the stock with a sell rating, eleven have given a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $46.12.

About UDR

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.