Aviva PLC Sells 12,302 Shares of UDR, Inc. (NYSE:UDR)

Aviva PLC reduced its position in UDR, Inc. (NYSE:UDR - Free Report) by 49.9% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 12,342 shares of the real estate investment trust's stock after selling 12,302 shares during the quarter. Aviva PLC's holdings in UDR were worth $536,000 as of its most recent filing with the SEC.

Other hedge funds also recently made changes to their positions in the company. Exchange Traded Concepts LLC grew its position in UDR by 8.8% during the fourth quarter. Exchange Traded Concepts LLC now owns 3,330 shares of the real estate investment trust's stock worth $145,000 after buying an additional 269 shares during the period. Smartleaf Asset Management LLC grew its holdings in UDR by 68.7% in the fourth quarter. Smartleaf Asset Management LLC now owns 1,206 shares of the real estate investment trust's stock valued at $52,000 after purchasing an additional 491 shares during the last quarter. IRON Financial LLC increased its position in shares of UDR by 3.0% in the fourth quarter. IRON Financial LLC now owns 17,674 shares of the real estate investment trust's stock valued at $767,000 after buying an additional 511 shares in the last quarter. Salem Investment Counselors Inc. raised its stake in shares of UDR by 62.7% during the 4th 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 last quarter. Finally, Empowered Funds LLC grew its stake in UDR by 10.4% in the 4th quarter. Empowered Funds LLC now owns 5,792 shares of the real estate investment trust's stock valued at $251,000 after acquiring an additional 546 shares during the last quarter. Institutional investors and hedge funds own 97.84% of the company's stock.

Remove Ads

Analysts Set New Price Targets

Several research analysts recently issued reports on the company. Truist Financial downgraded UDR from a "buy" rating to a "hold" rating and lifted their price objective for the stock from $45.00 to $46.00 in a research report on Monday, March 10th. Evercore ISI boosted their target price on shares of UDR from $43.00 to $45.00 and gave the company an "in-line" rating in a research note on Monday, February 10th. Royal Bank of Canada upped their target price 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 increased their price objective on shares of UDR from $48.00 to $49.00 and gave the stock a "sector perform" rating in a report on Friday, February 14th. Finally, Mizuho cut their price target on shares of UDR from $47.00 to $45.00 and set a "neutral" rating on the stock in a research note on Monday, January 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 company. According to MarketBeat.com, UDR presently has a consensus rating of "Hold" and an average price target of $46.12.

Insiders Place Their Bets

In other UDR news, CEO Thomas W. Toomey sold 25,000 shares of UDR stock in a transaction on 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 owns 824,716 shares of the company's stock, valued at $35,256,609. This trade represents a 2.94 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Corporate insiders own 3.73% of the company's stock.

UDR Price Performance

NYSE:UDR traded up $0.58 during mid-day trading on Thursday, reaching $41.45. 395,721 shares of the stock were exchanged, compared to its average volume of 2,188,582. UDR, Inc. has a 1-year low of $35.14 and a 1-year high of $47.55. 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 business has a fifty day moving average price of $42.99 and a 200 day moving average price of $43.29. The firm has a market capitalization of $13.73 billion, a PE ratio of 165.89, a PEG ratio of 8.67 and a beta of 0.78.

UDR (NYSE:UDR - Get Free Report) last posted its quarterly 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 net margin of 5.36% and a return on equity of 2.65%. Research analysts expect 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. Shareholders of record on Thursday, April 10th will be paid a dividend of $0.43 per share. The ex-dividend date 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 yield of 4.15%. UDR's dividend payout ratio is currently 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.