UDR, Inc. (NYSE:UDR) Shares Bought by iA Global Asset Management Inc.

iA Global Asset Management Inc. boosted its position in shares of UDR, Inc. (NYSE:UDR) by 24.4% during the 4th quarter, Holdings Channel reports. The institutional investor owned 18,156 shares of the real estate investment trust’s stock after acquiring an additional 3,567 shares during the period. iA Global Asset Management Inc.’s holdings in UDR were worth $788,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in UDR. Victory Capital Management Inc. grew its position in UDR by 1.6% during the third quarter. Victory Capital Management Inc. now owns 97,190 shares of the real estate investment trust’s stock valued at $4,407,000 after buying an additional 1,537 shares during the period. Empowered Funds LLC lifted its holdings in UDR by 7.1% during the third quarter. Empowered Funds LLC now owns 5,246 shares of the real estate investment trust’s stock valued at $238,000 after purchasing an additional 350 shares in the last quarter. Quest Partners LLC lifted its holdings in UDR by 471.5% during the third quarter. Quest Partners LLC now owns 5,206 shares of the real estate investment trust’s stock valued at $236,000 after purchasing an additional 4,295 shares in the last quarter. B. Metzler seel. Sohn & Co. Holding AG purchased a new position in UDR during the third quarter valued at $360,000. Finally, PNC Financial Services Group Inc. lifted its holdings in UDR by 1.8% during the third quarter. PNC Financial Services Group Inc. now owns 37,082 shares of the real estate investment trust’s stock valued at $1,681,000 after purchasing an additional 650 shares in the last quarter. Institutional investors and hedge funds own 97.84% of the company’s stock.

Insider Buying and Selling at UDR

In other UDR news, CEO Thomas W. Toomey sold 25,000 shares of UDR stock in a transaction dated Thursday, February 20th. The shares were 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 in the company, valued at $35,256,609. This trade represents a 2.94 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 3.73% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on UDR. Zelman & Associates reaffirmed a “neutral” rating on shares of UDR in a report on Thursday, February 13th. Barclays decreased their price objective 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. Wells Fargo & Company decreased their price objective on shares of UDR from $48.00 to $45.00 and set an “overweight” rating on the stock in a report on Friday, January 24th. Evercore ISI increased their price objective on shares of UDR from $43.00 to $45.00 and gave the company an “in-line” rating in a report on Monday, February 10th. Finally, Truist Financial downgraded shares of UDR from a “buy” rating to a “hold” rating and raised their price target for the stock from $45.00 to $46.00 in a research note on Monday, March 10th. One research analyst has rated the stock with a sell rating, eleven have assigned a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat, UDR presently has an average rating of “Hold” and an average price target of $46.12.

UDR Price Performance

Shares of UDR stock opened at $43.36 on Friday. The company has a debt-to-equity ratio of 1.71, a current ratio of 5.61 and a quick ratio of 5.91. The firm’s 50-day moving average is $42.75 and its two-hundred day moving average is $43.77. UDR, Inc. has a 12 month low of $35.14 and a 12 month high of $47.55. The company has a market capitalization of $14.36 billion, a PE ratio of 173.44, a price-to-earnings-growth ratio of 8.67 and a beta of 0.88.

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

UDR Increases Dividend

The business also recently declared 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. The ex-dividend date of this dividend is Thursday, April 10th. This is a boost from UDR’s previous quarterly dividend of $0.43. This represents a $1.72 dividend on an annualized basis and a dividend yield of 3.97%. UDR’s dividend payout ratio (DPR) is currently 688.00%.

UDR Company 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.