UDR, Inc. (NYSE:UDR) Shares Sold by FIL Ltd

FIL Ltd decreased its holdings in UDR, Inc. (NYSE:UDR) by 20.7% in the fourth quarter, Holdings Channel reports. The fund owned 79,707 shares of the real estate investment trust’s stock after selling 20,846 shares during the period. FIL Ltd’s holdings in UDR were worth $3,460,000 at the end of the most recent reporting period.

A number of other institutional investors have also bought and sold shares of UDR. Exchange Traded Concepts LLC increased its holdings in shares of UDR by 8.8% in the fourth quarter. Exchange Traded Concepts LLC now owns 3,330 shares of the real estate investment trust’s stock valued at $145,000 after purchasing an additional 269 shares during the last quarter. Smartleaf Asset Management LLC grew its holdings in 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 valued at $52,000 after buying an additional 491 shares in the last quarter. IRON Financial LLC increased its stake in shares of UDR by 3.0% in the 4th quarter. IRON Financial LLC now owns 17,674 shares of the real estate investment trust’s stock worth $767,000 after acquiring an additional 511 shares during the last quarter. Salem Investment Counselors Inc. raised its holdings in shares of UDR by 62.7% during the 4th quarter. Salem Investment Counselors Inc. now owns 1,349 shares of the real estate investment trust’s stock worth $59,000 after acquiring an additional 520 shares during the period. Finally, Empowered Funds LLC boosted its position in shares of UDR by 10.4% during the 4th quarter. Empowered Funds LLC now owns 5,792 shares of the real estate investment trust’s stock valued at $251,000 after acquiring an additional 546 shares during the last quarter. 97.84% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

UDR has been the topic of several recent analyst reports. Truist Financial lowered shares of UDR from a “buy” rating to a “hold” rating and boosted their target price for the company from $45.00 to $46.00 in a report on Monday, March 10th. Scotiabank upped their price objective on UDR from $48.00 to $49.00 and gave the company a “sector perform” rating in a report on Friday, February 14th. Royal Bank of Canada raised their target price on UDR from $43.00 to $44.00 and gave the stock a “sector perform” rating in a research note on Friday, February 7th. Mizuho cut their price objective on UDR from $47.00 to $45.00 and set a “neutral” rating for the company in a research report on Monday, January 6th. Finally, Zelman & Associates reaffirmed a “neutral” rating on shares of UDR in a research note on Thursday, February 13th. One equities research analyst has rated the stock with a sell rating, eleven have assigned a hold rating and seven have given a buy rating to the company’s stock. According to MarketBeat, UDR currently has a consensus rating of “Hold” and an average target price of $46.12.

Insider Buying and Selling

In related news, CEO Thomas W. Toomey sold 25,000 shares of the business’s 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 completion of the sale, the chief executive officer now owns 824,716 shares in the company, valued at $35,256,609. The trade was a 2.94 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 3.73% of the company’s stock.

UDR Price Performance

Shares of NYSE UDR opened at $39.44 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 company has a market cap of $13.06 billion, a price-to-earnings ratio of 157.75, a price-to-earnings-growth ratio of 8.67 and a beta of 0.78. The stock’s 50-day moving average is $43.10 and its two-hundred day moving average is $43.37. UDR, Inc. has a 1-year low of $35.14 and a 1-year high of $47.55.

UDR (NYSE:UDR) last released its earnings results on Wednesday, February 5th. The real estate investment trust reported $0.63 earnings per share 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 forecast 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 will be paid on Wednesday, April 30th. Stockholders of record on Thursday, April 10th will be given a dividend of $0.43 per share. This is a boost from UDR’s previous quarterly dividend of $0.43. This represents a $1.72 annualized dividend and a dividend yield of 4.36%. The ex-dividend date of this dividend is Thursday, April 10th. UDR’s payout ratio is 688.00%.

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.