Penserra Capital Management LLC acquired a new stake in shares of UDR, Inc. (NYSE:UDR) in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 44,108 shares of the real estate investment trust’s stock, valued at approximately $1,783,000.
Several other institutional investors have also recently modified their holdings of UDR. Piedmont Investment Advisors LLC purchased a new position in shares of UDR during the second quarter valued at about $118,000. Point72 Hong Kong Ltd grew its position in shares of UDR by 1,406.2% during the second quarter. Point72 Hong Kong Ltd now owns 3,886 shares of the real estate investment trust’s stock valued at $146,000 after purchasing an additional 3,628 shares in the last quarter. Lourd Capital LLC purchased a new position in shares of UDR during the third quarter valued at about $217,000. CAPROCK Group Inc. purchased a new position in shares of UDR during the third quarter valued at about $219,000. Finally, Qube Research & Technologies Ltd grew its position in shares of UDR by 1,900.0% during the second quarter. Qube Research & Technologies Ltd now owns 6,280 shares of the real estate investment trust’s stock valued at $236,000 after purchasing an additional 5,966 shares in the last quarter. Hedge funds and other institutional investors own 95.60% of the company’s stock.
In other UDR news, SVP Harry G. Alcock sold 10,000 shares of the business’s stock in a transaction that occurred on Thursday, September 13th. The stock was sold at an average price of $40.45, for a total transaction of $404,500.00. Following the completion of the transaction, the senior vice president now owns 126,123 shares in the company, valued at $5,101,675.35. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Warren L. Troupe sold 40,000 shares of the business’s stock in a transaction that occurred on Wednesday, August 22nd. The shares were sold at an average price of $39.10, for a total value of $1,564,000.00. Following the transaction, the vice president now owns 549,634 shares of the company’s stock, valued at approximately $21,490,689.40. The disclosure for this sale can be found here. Insiders have sold 104,773 shares of company stock valued at $4,157,729 in the last 90 days. Company insiders own 3.16% of the company’s stock.
UDR opened at $40.84 on Friday. The stock has a market capitalization of $10.88 billion, a P/E ratio of 21.00, a P/E/G ratio of 3.45 and a beta of 0.32. UDR, Inc. has a 12 month low of $32.88 and a 12 month high of $41.13. The company has a quick ratio of 5.97, a current ratio of 5.97 and a debt-to-equity ratio of 1.49.
UDR (NYSE:UDR) last released its quarterly earnings results on Monday, October 29th. The real estate investment trust reported $0.07 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.07. The company had revenue of $266.10 million during the quarter, compared to analyst estimates of $258.90 million. UDR had a return on equity of 7.09% and a net margin of 18.43%. The firm’s revenue was up 6.0% on a year-over-year basis. During the same quarter last year, the business posted $0.06 earnings per share. Analysts anticipate that UDR, Inc. will post 1.95 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which was paid on Wednesday, October 31st. Shareholders of record on Wednesday, October 10th were given a dividend of $0.3323 per share. This represents a $1.33 annualized dividend and a dividend yield of 3.25%. The ex-dividend date of this dividend was Tuesday, October 9th. This is a positive change from UDR’s previous quarterly dividend of $0.32. UDR’s payout ratio is 68.98%.
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 properties in targeted U.S.
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