Alliancebernstein L.P. Lowers Holdings in UDR, Inc. (NYSE:UDR)

Alliancebernstein L.P. lowered its position in shares of UDR, Inc. (NYSE:UDR - Free Report) by 6.6% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,336,486 shares of the real estate investment trust's stock after selling 94,407 shares during the period. Alliancebernstein L.P. owned approximately 0.41% of UDR worth $58,017,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Asset Management One Co. Ltd. increased its position in shares of UDR by 7.9% during the fourth quarter. Asset Management One Co. Ltd. now owns 587,772 shares of the real estate investment trust's stock valued at $25,515,000 after acquiring an additional 42,926 shares in the last quarter. Principal Financial Group Inc. boosted its holdings in UDR by 45.7% in the fourth quarter. Principal Financial Group Inc. now owns 512,540 shares of the real estate investment trust's stock worth $22,249,000 after purchasing an additional 160,708 shares during the last quarter. JPMorgan Chase & Co. boosted 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 last quarter. Sumitomo Mitsui DS Asset Management Company Ltd boosted its holdings in UDR by 7.0% in the fourth quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 95,344 shares of the real estate investment trust's stock worth $4,139,000 after purchasing an additional 6,217 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its holdings in UDR by 2.2% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 4,367,054 shares of the real estate investment trust's stock worth $189,574,000 after purchasing an additional 95,022 shares during the last quarter. Institutional investors own 97.84% of the company's stock.

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Insider Buying and Selling

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. 3.73% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on the stock. Barclays dropped their target price 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 dropped their price target on shares of UDR from $48.00 to $45.00 and set an "overweight" rating on the stock in a research note on Friday, January 24th. StockNews.com upgraded shares of UDR from a "sell" rating to a "hold" rating in a research note on Thursday, February 6th. Jefferies Financial Group cut 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. Finally, Scotiabank lifted their price target 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. One analyst has rated the stock with a sell rating, eleven have given a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus target price of $46.12.

UDR Price Performance

UDR traded down $1.25 during midday trading on Thursday, hitting $39.39. 593,471 shares of the company traded hands, compared to its average volume of 2,194,847. The company has a current ratio of 5.61, a quick ratio of 5.91 and a debt-to-equity ratio of 1.71. The company has a market capitalization of $13.05 billion, a price-to-earnings ratio of 158.10, a PEG 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. The business has a 50 day simple moving average of $43.19 and a two-hundred day simple moving average of $43.46.

UDR (NYSE:UDR - Get Free Report) last issued its earnings results on Wednesday, February 5th. The real estate investment trust reported $0.63 EPS for the quarter, beating 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%. On average, equities analysts forecast that UDR, Inc. will post 2.51 earnings per share for the current fiscal year.

UDR Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 30th. Investors 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 yield of 4.37%. The ex-dividend date is Thursday, April 10th. UDR's dividend payout ratio (DPR) is presently 688.00%.

About UDR

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.