Jane Street Group LLC Sells 284,657 Shares of UDR, Inc. (NYSE:UDR)

Jane Street Group LLC reduced its holdings in UDR, Inc. (NYSE:UDR) by 96.5% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 10,391 shares of the real estate investment trust’s stock after selling 284,657 shares during the period. Jane Street Group LLC’s holdings in UDR were worth $451,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also made changes to their positions in the company. Smartleaf Asset Management LLC grew its stake in shares of UDR by 68.7% in the 4th quarter. Smartleaf Asset Management LLC now owns 1,206 shares of the real estate investment trust’s stock worth $52,000 after buying an additional 491 shares in the last quarter. Catalyst Capital Advisors LLC purchased a new position in shares of UDR in the 4th quarter worth $63,000. Crews Bank & Trust purchased a new position in shares of UDR in the 4th quarter worth $76,000. Wingate Wealth Advisors Inc. purchased a new position in shares of UDR in the 4th quarter worth $87,000. Finally, Atlas Capital Advisors Inc. purchased a new position in shares of UDR in the 4th quarter worth $114,000. 97.84% of the stock is owned by hedge funds and other institutional investors.

UDR Price Performance

UDR stock opened at $41.43 on Friday. The stock has a market cap of $13.73 billion, a price-to-earnings ratio of 165.72, a price-to-earnings-growth ratio of 8.67 and a beta of 0.84. The company has a debt-to-equity ratio of 1.71, a current ratio of 5.61 and a quick ratio of 5.91. UDR, Inc. has a 1 year low of $36.61 and a 1 year high of $47.55. The firm has a 50-day moving average of $41.65 and a two-hundred day moving average of $42.76.

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

UDR Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, April 30th. Shareholders of record on Thursday, April 10th were given a $0.43 dividend. This represents a $1.72 annualized dividend and a yield of 4.15%. This is a boost from UDR’s previous quarterly dividend of $0.43. The ex-dividend date was Thursday, April 10th. UDR’s payout ratio is 491.43%.

Wall Street Analyst Weigh In

UDR has been the subject of a number of recent research reports. Royal Bank of Canada lifted their price objective on shares of UDR from $43.00 to $44.00 and gave the stock a “sector perform” rating in a research note on Thursday, May 8th. Mizuho dropped their price objective on shares of UDR from $45.00 to $41.00 and set a “neutral” rating for the company in a research note on Friday, May 23rd. Scotiabank lifted their price objective on shares of UDR from $48.00 to $49.00 and gave the stock a “sector perform” rating in a research note on Friday, February 14th. Wall Street Zen raised shares of UDR from a “sell” rating to a “hold” rating in a research note on Thursday, February 6th. Finally, Evercore ISI lifted their price target on shares of UDR from $43.00 to $45.00 and gave the stock an “in-line” rating in a research note on Monday, February 10th. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating and seven have issued a buy rating to the company’s stock. According to MarketBeat, UDR has a consensus rating of “Hold” and a consensus price target of $46.44.

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.