Bank of Montreal Can Has $21.73 Million Stock Holdings in UDR, Inc. (NYSE:UDR)

Bank of Montreal Can grew its holdings in UDR, Inc. (NYSE:UDR - Free Report) by 12.9% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 500,465 shares of the real estate investment trust's stock after purchasing an additional 57,231 shares during the period. Bank of Montreal Can owned approximately 0.15% of UDR worth $21,725,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Vanguard Group Inc. boosted its holdings in UDR by 0.4% in the fourth quarter. Vanguard Group Inc. now owns 50,809,731 shares of the real estate investment trust's stock valued at $2,205,650,000 after acquiring an additional 180,551 shares during the last quarter. Norges Bank bought a new position in shares of UDR in the fourth quarter valued at approximately $1,273,442,000. FMR LLC lifted its stake in UDR by 10.5% during the 4th quarter. FMR LLC now owns 12,592,458 shares of the real estate investment trust's stock valued at $546,639,000 after acquiring an additional 1,191,432 shares in the last quarter. Geode Capital Management LLC grew its position in UDR by 2.9% in the 4th quarter. Geode Capital Management LLC now owns 7,924,151 shares of the real estate investment trust's stock worth $343,129,000 after purchasing an additional 220,293 shares in the last quarter. Finally, JPMorgan Chase & Co. increased its position in shares of UDR by 5.0% during the third quarter. JPMorgan Chase & Co. now owns 7,774,541 shares of the real estate investment trust's stock valued at $352,498,000 after acquiring an additional 368,087 shares during the last quarter. Institutional investors and hedge funds own 97.84% of the company's stock.

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Insider Activity at UDR

In other UDR news, CEO Thomas W. Toomey sold 25,000 shares of the company's 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 transaction, the chief executive officer now directly owns 824,716 shares of the company's stock, valued at $35,256,609. This represents a 2.94 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 3.73% of the stock is owned by insiders.

UDR Stock Up 2.0 %

Shares of NYSE:UDR traded up $0.82 during trading on Thursday, hitting $41.69. The company's stock had a trading volume of 476,630 shares, compared to its average volume of 2,188,986. The company has a market capitalization of $13.81 billion, a PE ratio of 166.54, a PEG ratio of 8.67 and a beta of 0.78. The stock's 50-day moving average price is $42.99 and its two-hundred day moving average price is $43.29. The company has a debt-to-equity ratio of 1.71, a quick ratio of 5.91 and a current ratio of 5.61. UDR, Inc. has a fifty-two week low of $35.14 and a fifty-two week high of $47.55.

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 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%. As a group, sell-side analysts expect that UDR, Inc. will post 2.51 EPS for the current year.

UDR Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 30th. Stockholders 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 annualized dividend and a dividend yield of 4.13%. UDR's dividend payout ratio (DPR) is currently 688.00%.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on UDR shares. StockNews.com raised shares of UDR from a "sell" rating to a "hold" rating in a report on Thursday, February 6th. Truist Financial cut shares of UDR from a "buy" rating to a "hold" rating and increased their price target for the company from $45.00 to $46.00 in a research report on Monday, March 10th. Jefferies Financial Group downgraded shares of UDR from a "buy" rating to a "hold" rating and decreased their target price for the company from $50.00 to $45.00 in a research note on Thursday, January 2nd. Scotiabank boosted 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, Barclays cut 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. One equities research analyst has rated the stock with a sell rating, eleven have assigned a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of "Hold" and an average target price of $46.12.

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.