Morgan Stanley Raises Stake in UDR, Inc. (UDR)

Morgan Stanley lifted its stake in shares of UDR, Inc. (NYSE:UDR) by 12.4% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 1,929,299 shares of the real estate investment trust’s stock after acquiring an additional 212,345 shares during the quarter. Morgan Stanley owned approximately 0.72% of UDR worth $72,425,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of UDR. Piedmont Investment Advisors LLC purchased a new position in shares of UDR during the second quarter worth approximately $118,000. American National Bank purchased a new position in shares of UDR during the second quarter worth approximately $130,000. IBM Retirement Fund purchased a new position in shares of UDR during the first quarter worth approximately $208,000. Commerzbank Aktiengesellschaft FI purchased a new position in shares of UDR during the second quarter worth approximately $242,000. Finally, Virtu Financial LLC purchased a new position in shares of UDR during the second quarter worth approximately $256,000. 95.23% of the stock is currently owned by institutional investors and hedge funds.

A number of equities analysts have recently commented on the stock. Royal Bank of Canada raised their target price on shares of UDR from $39.00 to $40.00 and gave the stock a “sector perform” rating in a research report on Friday, August 10th. Citigroup raised their target price on shares of UDR from $39.00 to $40.00 and gave the stock a “neutral” rating in a research report on Thursday, August 2nd. Stifel Nicolaus upgraded shares of UDR from a “hold” rating to a “buy” rating and increased their price objective for the company from $38.00 to $40.00 in a research note on Thursday, May 31st. ValuEngine upgraded shares of UDR from a “sell” rating to a “hold” rating in a research note on Thursday, May 31st. Finally, Robert W. Baird reiterated a “buy” rating and set a $40.00 price objective on shares of UDR in a research note on Thursday, August 16th. Nine equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. UDR presently has an average rating of “Hold” and an average price target of $39.31.

In other UDR news, insider Jerry A. Davis sold 10,000 shares of the firm’s stock in a transaction that occurred on Friday, August 3rd. The shares were sold at an average price of $38.75, for a total value of $387,500.00. Following the completion of the sale, the insider now directly owns 234,669 shares in the company, valued at $9,093,423.75. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Thomas W. Toomey sold 40,000 shares of the firm’s stock in a transaction that occurred on Friday, August 17th. The shares were sold at an average price of $39.80, for a total transaction of $1,592,000.00. Following the completion of the sale, the chief executive officer now owns 1,768,753 shares of the company’s stock, valued at $70,396,369.40. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 104,773 shares of company stock valued at $4,140,829. 3.16% of the stock is owned by insiders.

NYSE UDR opened at $39.98 on Tuesday. The company has a debt-to-equity ratio of 1.38, a quick ratio of 6.03 and a current ratio of 6.03. UDR, Inc. has a 52-week low of $32.88 and a 52-week high of $41.04. The company has a market cap of $10.92 billion, a PE ratio of 21.38, a price-to-earnings-growth ratio of 3.45 and a beta of 0.34.

UDR (NYSE:UDR) last released its quarterly earnings data on Monday, July 30th. The real estate investment trust reported $0.49 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.48 by $0.01. The firm had revenue of $259.74 million for the quarter, compared to the consensus estimate of $253.59 million. UDR had a net margin of 18.47% and a return on equity of 6.87%. The company’s quarterly revenue was up 4.7% on a year-over-year basis. During the same period last year, the firm earned $0.47 earnings per share. equities analysts predict that UDR, Inc. will post 1.94 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Wednesday, October 31st. Shareholders of record on Wednesday, October 10th will be paid a $0.3323 dividend. This represents a $1.33 annualized dividend and a yield of 3.32%. This is an increase from UDR’s previous quarterly dividend of $0.32. The ex-dividend date is Tuesday, October 9th. UDR’s dividend payout ratio (DPR) is 68.98%.

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 properties in targeted U.S.

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Institutional Ownership by Quarter for UDR (NYSE:UDR)

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