Amundi Increases Stock Position in UDR, Inc. (NYSE:UDR)

Amundi increased its position in shares of UDR, Inc. (NYSE:UDR - Free Report) by 22.8% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 1,655,179 shares of the real estate investment trust's stock after acquiring an additional 307,823 shares during the period. Amundi owned approximately 0.50% of UDR worth $68,226,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also bought and sold shares of UDR. Asset Management One Co. Ltd. increased its holdings in shares of UDR by 7.9% in the 4th quarter. Asset Management One Co. Ltd. now owns 587,772 shares of the real estate investment trust's stock worth $25,515,000 after buying an additional 42,926 shares during the last quarter. MQS Management LLC purchased a new stake in UDR during the 3rd quarter valued at $712,000. Principal Financial Group Inc. boosted its position in UDR by 45.7% during the 4th quarter. Principal Financial Group Inc. now owns 512,540 shares of the real estate investment trust's stock valued at $22,249,000 after buying an additional 160,708 shares during the period. JPMorgan Chase & Co. boosted its position in UDR by 5.0% during the 3rd quarter. JPMorgan Chase & Co. now owns 7,774,541 shares of the real estate investment trust's stock valued at $352,498,000 after buying an additional 368,087 shares during the period. Finally, Sumitomo Mitsui DS Asset Management Company Ltd boosted its position in UDR by 7.0% during the 4th quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 95,344 shares of the real estate investment trust's stock valued at $4,139,000 after buying an additional 6,217 shares during the period. Institutional investors own 97.84% of the company's stock.

UDR Price Performance

NYSE UDR opened at $43.81 on Wednesday. UDR, Inc. has a 12 month low of $35.14 and a 12 month high of $47.55. The stock has a market cap of $14.51 billion, a price-to-earnings ratio of 175.26, a PEG ratio of 8.67 and a beta of 0.88. The company's 50 day moving average is $42.50 and its two-hundred day moving average is $43.82. The company has a current ratio of 5.61, a quick ratio of 5.91 and a debt-to-equity ratio of 1.71.

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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 (EPS) for the quarter, beating the consensus estimate of $0.10 by $0.53. UDR had a net margin of 5.36% and a return on equity of 2.65%. As a group, research analysts anticipate that UDR, Inc. will post 2.51 earnings per share for the current year.

UDR Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, January 31st. Investors of record on Thursday, January 9th were given a $0.425 dividend. This represents a $1.70 annualized dividend and a yield of 3.88%. The ex-dividend date of this dividend was Friday, January 10th. UDR's dividend payout ratio is presently 680.00%.

Analysts Set New Price Targets

Several equities research analysts have recently commented on the stock. Barclays dropped their target price on shares of UDR from $50.00 to $48.00 and set an "overweight" rating for the company in a research report on Friday, January 24th. Scotiabank increased 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. Zelman & Associates restated a "neutral" rating on shares of UDR in a research note on Thursday, February 13th. Mizuho dropped their price target on shares of UDR from $47.00 to $45.00 and set a "neutral" rating on the stock in a report on Monday, January 6th. Finally, Royal Bank of Canada raised their price target on shares of UDR from $43.00 to $44.00 and gave the company a "sector perform" rating in a report on Friday, February 7th. One 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.com, the stock has a consensus rating of "Hold" and a consensus 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 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 in the company, valued at approximately $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 is accessible through this hyperlink. 3.73% of the stock is currently owned by company insiders.

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.

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