APG Asset Management N.V. Raises Stock Holdings in UDR, Inc. (NYSE:UDR)

APG Asset Management N.V. lifted its position in UDR, Inc. (NYSE:UDR - Free Report) by 96.0% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 322,800 shares of the real estate investment trust's stock after acquiring an additional 158,100 shares during the quarter. APG Asset Management N.V. owned 0.10% of UDR worth $13,532,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of UDR. Continuum Advisory LLC increased its holdings in shares of UDR by 5,335.3% in the third quarter. Continuum Advisory LLC now owns 924 shares of the real estate investment trust's stock valued at $41,000 after buying an additional 907 shares in the last quarter. Toronto Dominion Bank raised its stake in shares of UDR by 68.4% in the 3rd quarter. Toronto Dominion Bank now owns 149,826 shares of the real estate investment trust's stock valued at $6,793,000 after acquiring an additional 60,839 shares in the last quarter. Unigestion Holding SA acquired a new stake in shares of UDR in the third quarter valued at about $533,000. Tidal Investments LLC increased its position in UDR by 25.5% in the 3rd quarter. Tidal Investments LLC now owns 18,053 shares of the real estate investment trust's stock worth $819,000 after buying an additional 3,665 shares during the period. Finally, Inspire Trust Co. N.A. grew its position in UDR by 12.3% in the 3rd quarter. Inspire Trust Co. N.A. now owns 27,415 shares of the real estate investment trust's stock worth $1,243,000 after purchasing an additional 3,000 shares during the last quarter. 97.84% of the stock is owned by institutional investors and hedge funds.

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Insider Activity at UDR

In other news, CEO Thomas W. Toomey sold 25,000 shares of UDR stock in a transaction dated Thursday, February 20th. The stock was sold at an average price of $42.75, for a total value of $1,068,750.00. Following the completion of the transaction, the chief executive officer now directly owns 824,716 shares of the company's stock, valued at approximately $35,256,609. This trade represents a 2.94 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 3.73% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on the company. Barclays reduced their target price on UDR from $50.00 to $48.00 and set an "overweight" rating on the stock in a report on Friday, January 24th. Royal Bank of Canada lifted their price target on UDR from $43.00 to $44.00 and gave the company a "sector perform" rating in a research note on Friday, February 7th. Scotiabank raised their price objective on UDR from $48.00 to $49.00 and gave the company a "sector perform" rating in a research report on Friday, February 14th. Mizuho cut their target price on UDR from $47.00 to $45.00 and set a "neutral" rating for the company in a research note on Monday, January 6th. Finally, Wells Fargo & Company lowered their price target on shares of UDR from $48.00 to $45.00 and set an "overweight" rating on the stock in a report on Friday, January 24th. 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 company. According to data from MarketBeat, UDR presently has a consensus rating of "Hold" and an average price target of $46.12.

UDR Price Performance

Shares of NYSE UDR traded up $0.37 during mid-day trading on Wednesday, reaching $41.44. 397,410 shares of the company traded hands, compared to its average volume of 2,181,709. The firm has a market cap of $13.72 billion, a PE ratio of 165.76, a price-to-earnings-growth ratio of 8.67 and a beta of 0.78. UDR, Inc. has a fifty-two week low of $35.14 and a fifty-two week high of $47.55. 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 stock has a fifty day simple moving average of $43.03 and a 200-day simple moving average of $43.31.

UDR (NYSE:UDR - Get Free Report) last released its earnings results on Wednesday, February 5th. The real estate investment trust reported $0.63 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.10 by $0.53. UDR had a return on equity of 2.65% and a net margin of 5.36%. Equities research analysts anticipate that UDR, Inc. will post 2.51 EPS for the current fiscal year.

UDR Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 30th. Investors of record on Thursday, April 10th will be issued a dividend of $0.43 per share. 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 dividend yield of 4.15%. UDR's 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.