Aster Capital Management DIFC Ltd Purchases New Stake in UDR, Inc. (NYSE:UDR)

Aster Capital Management DIFC Ltd acquired a new position in shares of UDR, Inc. (NYSE:UDR - Free Report) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 12,677 shares of the real estate investment trust's stock, valued at approximately $550,000.

Several other institutional investors also recently bought and sold shares of the business. Norges Bank purchased a new stake in shares of UDR during the fourth quarter worth about $1,273,442,000. Prudential Financial Inc. boosted its stake in UDR by 24.2% during the 4th quarter. Prudential Financial Inc. now owns 2,989,563 shares of the real estate investment trust's stock valued at $129,777,000 after purchasing an additional 583,126 shares during the period. Raymond James Financial Inc. acquired a new stake in UDR in the 4th quarter valued at approximately $22,662,000. JPMorgan Chase & Co. lifted its holdings in UDR by 5.0% in the third quarter. JPMorgan Chase & Co. now owns 7,774,541 shares of the real estate investment trust's stock worth $352,498,000 after purchasing an additional 368,087 shares during the period. Finally, Amundi boosted its holdings in shares of UDR by 22.8% in the fourth quarter. Amundi now owns 1,655,179 shares of the real estate investment trust's stock valued at $68,226,000 after acquiring an additional 307,823 shares in the last quarter. 97.84% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, CEO Thomas W. Toomey sold 25,000 shares of the business's stock in a transaction on Thursday, February 20th. The shares were sold at an average price of $42.75, for a total value of $1,068,750.00. Following the sale, the chief executive officer now owns 824,716 shares of the company's stock, valued at $35,256,609. The trade was a 2.94 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Corporate insiders own 3.73% of the company's stock.

Analyst Ratings Changes

UDR has been the topic of a number of recent analyst reports. StockNews.com raised UDR from a "sell" rating to a "hold" rating in a research report on Thursday, February 6th. Barclays reduced their price objective on UDR from $50.00 to $48.00 and set an "overweight" rating for the company in a research note on Friday, January 24th. Wells Fargo & Company dropped their target price on UDR from $48.00 to $45.00 and set an "overweight" rating on the stock in a report on Friday, January 24th. Zelman & Associates restated a "neutral" rating on shares of UDR in a report on Thursday, February 13th. Finally, Jefferies Financial Group downgraded shares of UDR from a "buy" rating to a "hold" rating and dropped their price target for the stock from $50.00 to $45.00 in a research note on Thursday, January 2nd. One investment 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 has an average rating of "Hold" and an average price target of $46.12.

UDR Trading Up 0.1 %

Shares of UDR traded up $0.03 during trading hours on Friday, reaching $39.44. The stock had a trading volume of 2,963,546 shares, compared to its average volume of 2,189,898. The firm has a 50-day moving average of $43.10 and a 200 day moving average of $43.37. The company has a quick ratio of 5.91, a current ratio of 5.61 and a debt-to-equity ratio of 1.71. The company has a market cap of $13.06 billion, a P/E ratio of 157.75, a P/E/G ratio of 8.67 and a beta of 0.78. UDR, Inc. has a 52 week low of $35.14 and a 52 week high of $47.55.

UDR (NYSE:UDR - Get Free Report) last released its quarterly earnings data on Wednesday, February 5th. The real estate investment trust reported $0.63 earnings per share for the quarter, beating the consensus estimate of $0.10 by $0.53. UDR had a return on equity of 2.65% and a net margin of 5.36%. On average, sell-side analysts expect that UDR, Inc. will post 2.51 earnings per share for the current fiscal year.

UDR Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 30th. Investors of record on Thursday, April 10th will be paid a $0.43 dividend. The ex-dividend date of this dividend is Thursday, April 10th. This is a positive change from UDR's previous quarterly dividend of $0.43. This represents a $1.72 dividend on an annualized basis and a yield of 4.36%. UDR's dividend payout ratio is presently 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.