Voya Investment Management LLC Has $4.04 Million Holdings in UDR, Inc. (NYSE:UDR)

Voya Investment Management LLC trimmed its holdings in shares of UDR, Inc. (NYSE:UDR) by 3.5% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 93,051 shares of the real estate investment trust’s stock after selling 3,355 shares during the quarter. Voya Investment Management LLC’s holdings in UDR were worth $4,039,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the stock. Smartleaf Asset Management LLC increased its holdings in shares of 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 valued at $52,000 after acquiring an additional 491 shares during the last quarter. Salem Investment Counselors Inc. grew its holdings in UDR by 62.7% during the fourth quarter. Salem Investment Counselors Inc. now owns 1,349 shares of the real estate investment trust’s stock valued at $59,000 after purchasing an additional 520 shares during the last quarter. Catalyst Capital Advisors LLC acquired a new position in UDR during the fourth quarter valued at approximately $63,000. Eastern Bank bought a new position in shares of UDR in the fourth quarter valued at approximately $68,000. Finally, Crews Bank & Trust acquired a new stake in shares of UDR in the fourth quarter worth $76,000. 97.84% of the stock is currently owned by institutional investors.

UDR Trading Up 1.8 %

Shares of UDR opened at $42.61 on Friday. The company has a current ratio of 5.61, a quick ratio of 5.91 and a debt-to-equity ratio of 1.71. The stock has a market cap of $14.11 billion, a PE ratio of 170.45, a PEG ratio of 8.67 and a beta of 0.78. UDR, Inc. has a 1 year low of $36.61 and a 1 year high of $47.55. The stock has a 50 day simple moving average of $42.69 and a 200-day simple moving average of $43.08.

UDR (NYSE:UDR) last issued its quarterly earnings data on Wednesday, April 30th. The real estate investment trust reported $0.61 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.61. UDR had a return on equity of 2.65% and a net margin of 5.36%. The company had revenue of $419.84 million during the quarter, compared to analysts’ expectations of $421.23 million. During the same period last year, the business earned $0.61 earnings per share. The business’s revenue was up 2.0% on a year-over-year basis. On average, sell-side analysts predict that UDR, Inc. will post 2.51 EPS for the current fiscal year.

UDR Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, April 30th. Shareholders of record on Thursday, April 10th were paid a dividend of $0.43 per share. This represents a $1.72 annualized dividend and a yield of 4.04%. This is a boost from UDR’s previous quarterly dividend of $0.43. The ex-dividend date of this dividend was Thursday, April 10th. UDR’s dividend payout ratio is currently 688.00%.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on UDR. Barclays dropped their target price on shares of UDR from $50.00 to $48.00 and set an “overweight” rating on the stock in a report on Friday, January 24th. StockNews.com upgraded UDR from a “sell” rating to a “hold” rating in a research note on Thursday, February 6th. Jefferies Financial Group downgraded UDR from a “buy” rating to a “hold” rating and decreased their target price for the company from $50.00 to $45.00 in a research note on Thursday, January 2nd. Evercore ISI lifted their price target on UDR from $43.00 to $45.00 and gave the stock an “in-line” rating in a research report on Monday, February 10th. Finally, Wells Fargo & Company reduced their price objective on UDR from $48.00 to $45.00 and set an “overweight” rating for the company in a research report on Friday, January 24th. One investment analyst has rated the stock with a sell rating, eleven have given a hold rating and seven have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $46.12.

Insider Transactions at UDR

In related 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 sale, the chief executive officer now directly owns 824,716 shares in the company, valued at $35,256,609. This represents a 2.94 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 3.39% of the company’s stock.

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.