APG Asset Management US Inc. Acquires 111,623 Shares of UDR, Inc. (NYSE:UDR)

APG Asset Management US Inc. increased its holdings in UDR, Inc. (NYSE:UDR - Free Report) by 7.7% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 1,552,635 shares of the real estate investment trust's stock after buying an additional 111,623 shares during the period. UDR comprises approximately 0.5% of APG Asset Management US Inc.'s holdings, making the stock its 23rd biggest position. APG Asset Management US Inc. owned 0.47% of UDR worth $67,400,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Continuum Advisory LLC grew its holdings in shares of UDR by 5,335.3% during the third quarter. Continuum Advisory LLC now owns 924 shares of the real estate investment trust's stock valued at $41,000 after purchasing an additional 907 shares during the last quarter. Smartleaf Asset Management LLC grew its stake in UDR by 68.7% during the 4th quarter. Smartleaf Asset Management LLC now owns 1,206 shares of the real estate investment trust's stock worth $52,000 after buying an additional 491 shares during the last quarter. Salem Investment Counselors Inc. increased its position in UDR by 62.7% in the fourth quarter. Salem Investment Counselors Inc. now owns 1,349 shares of the real estate investment trust's stock worth $59,000 after buying an additional 520 shares during the period. Catalyst Capital Advisors LLC bought a new stake in UDR in the 4th quarter valued at about $63,000. Finally, Eastern Bank acquired a new stake in UDR in the fourth quarter worth about $68,000. Institutional investors own 97.84% of the company's stock.

Analyst Ratings Changes

Several research analysts have recently issued reports on the stock. Barclays decreased their price objective on shares of UDR from $50.00 to $48.00 and set an "overweight" rating for the company in a report on Friday, January 24th. Zelman & Associates restated a "neutral" rating on shares of UDR in a research report on Thursday, February 13th. Jefferies Financial Group cut shares of UDR from a "buy" rating to a "hold" rating and decreased their price objective for the stock from $50.00 to $45.00 in a report on Thursday, January 2nd. Mizuho lowered their price target on UDR from $47.00 to $45.00 and set a "neutral" rating on the stock in a report on Monday, January 6th. Finally, Truist Financial lowered UDR from a "buy" rating to a "hold" rating and upped their price target for the stock from $45.00 to $46.00 in a report on Monday, March 10th. One research analyst has rated the stock with a sell rating, eleven have assigned a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat.com, UDR currently has an average rating of "Hold" and an average target price of $46.12.

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UDR Stock Up 2.2 %

Shares of NYSE UDR traded up $0.88 during mid-day trading on Monday, reaching $40.34. 359,729 shares of the company's stock were exchanged, compared to its average volume of 2,178,571. The business has a fifty day simple moving average of $43.10 and a 200 day simple moving average of $43.36. The firm has a market capitalization of $13.36 billion, a price-to-earnings ratio of 161.36, a PEG ratio of 8.67 and a beta of 0.78. The company has a current ratio of 5.61, a quick ratio of 5.91 and a debt-to-equity ratio of 1.71. UDR, Inc. has a twelve month low of $35.14 and a twelve month high of $47.55.

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, 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%. As a group, equities analysts expect that UDR, Inc. will post 2.51 EPS for the current fiscal year.

UDR Increases Dividend

The firm also recently declared 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. This represents a $1.72 dividend on an annualized basis and a yield of 4.26%. The ex-dividend date is Thursday, April 10th. This is a boost from UDR's previous quarterly dividend of $0.43. UDR's dividend payout ratio is 688.00%.

Insiders Place Their Bets

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 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 approximately $35,256,609. The trade was a 2.94 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 3.73% of the company's stock.

UDR 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.