Andra AP fonden Reduces Stock Holdings in UDR, Inc. (NYSE:UDR)

Andra AP fonden decreased its holdings in shares of UDR, Inc. (NYSE:UDR - Free Report) by 27.2% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 89,665 shares of the real estate investment trust's stock after selling 33,535 shares during the period. Andra AP fonden's holdings in UDR were worth $3,892,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently added to or reduced their stakes in UDR. Wealth Enhancement Advisory Services LLC boosted its holdings in UDR by 17.8% in the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 9,242 shares of the real estate investment trust's stock worth $419,000 after buying an additional 1,395 shares during the last quarter. Robeco Institutional Asset Management B.V. boosted its stake in shares of UDR by 354.1% in the third quarter. Robeco Institutional Asset Management B.V. now owns 57,879 shares of the real estate investment trust's stock worth $2,624,000 after acquiring an additional 45,134 shares during the last quarter. State of New Jersey Common Pension Fund D increased its position in shares of UDR by 3.1% during the third quarter. State of New Jersey Common Pension Fund D now owns 337,524 shares of the real estate investment trust's stock worth $15,303,000 after purchasing an additional 10,000 shares in the last quarter. Los Angeles Capital Management LLC raised its stake in UDR by 1,665.3% in the 3rd quarter. Los Angeles Capital Management LLC now owns 369,448 shares of the real estate investment trust's stock valued at $16,751,000 after purchasing an additional 348,520 shares during the last quarter. Finally, Catalytic Wealth RIA LLC lifted its holdings in UDR by 33.1% in the 3rd quarter. Catalytic Wealth RIA LLC now owns 7,493 shares of the real estate investment trust's stock valued at $340,000 after purchasing an additional 1,864 shares in the last quarter. Hedge funds and other institutional investors own 97.84% of the company's stock.

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UDR Stock Down 1.8 %

UDR stock traded down $0.81 during midday trading on Wednesday, reaching $42.98. 1,539,087 shares of the company were exchanged, compared to its average volume of 2,096,100. The stock's 50-day simple moving average is $42.50 and its 200 day simple moving average is $43.82. UDR, Inc. has a 1-year low of $35.14 and a 1-year high of $47.55. The company has a debt-to-equity ratio of 1.71, a quick ratio of 5.91 and a current ratio of 5.61. The company has a market cap of $14.23 billion, a price-to-earnings ratio of 171.90, a price-to-earnings-growth ratio of 8.67 and a beta of 0.88.

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

UDR Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, January 31st. Investors of record on Thursday, January 9th were issued a dividend of $0.425 per share. This represents a $1.70 dividend on an annualized basis and a dividend yield of 3.96%. The ex-dividend date was Friday, January 10th. UDR's dividend payout ratio is currently 680.00%.

Analyst Upgrades and Downgrades

A number of research firms have commented on UDR. Truist Financial downgraded shares of UDR from a "buy" rating to a "hold" rating and increased their price objective for the company from $45.00 to $46.00 in a report on Monday. Zelman & Associates reaffirmed a "neutral" rating on shares of UDR in a report on Thursday, February 13th. Barclays lowered their price objective on UDR from $50.00 to $48.00 and set an "overweight" rating on the stock in a research note on Friday, January 24th. Evercore ISI raised their target price on UDR from $43.00 to $45.00 and gave the stock an "in-line" rating in a research note on Monday, February 10th. Finally, StockNews.com raised shares of UDR from a "sell" rating to a "hold" rating in a research report on Thursday, February 6th. One analyst has rated the stock with a sell rating, eleven have given a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average price target of $46.12.

Insider Activity at UDR

In other UDR 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 transaction, the chief executive officer now directly owns 824,716 shares of the company's stock, valued at approximately $35,256,609. The trade was a 2.94 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 3.73% of the stock is currently owned by insiders.

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.