Barclays PLC Purchases 129,350 Shares of UDR, Inc. (NYSE:UDR)

Barclays PLC grew its stake in UDR, Inc. (NYSE:UDR - Free Report) by 21.0% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 745,619 shares of the real estate investment trust's stock after purchasing an additional 129,350 shares during the quarter. Barclays PLC owned approximately 0.23% of UDR worth $32,367,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of the stock. Smartleaf Asset Management LLC boosted its position in shares of 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 acquiring an additional 491 shares during the period. Salem Investment Counselors Inc. raised its stake in UDR by 62.7% in the 4th quarter. Salem Investment Counselors Inc. now owns 1,349 shares of the real estate investment trust's stock worth $59,000 after purchasing an additional 520 shares in the last quarter. Catalyst Capital Advisors LLC bought a new stake in UDR in the 4th quarter valued at about $63,000. Eastern Bank bought a new stake in UDR in the 4th quarter valued at about $68,000. Finally, Crews Bank & Trust acquired a new position in shares of UDR during the 4th quarter worth approximately $76,000. Institutional investors and hedge funds own 97.84% of the company's stock.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on UDR. Truist Financial cut UDR from a "buy" rating to a "hold" rating and boosted their price target for the company from $45.00 to $46.00 in a research note on Monday, March 10th. Jefferies Financial Group lowered UDR from a "buy" rating to a "hold" rating and reduced their target price for the stock from $50.00 to $45.00 in a report on Thursday, January 2nd. Evercore ISI boosted their price target on UDR from $43.00 to $45.00 and gave the company an "in-line" rating in a research note on Monday, February 10th. Wells Fargo & Company decreased their target price 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. Finally, Mizuho cut their price target on shares of UDR from $47.00 to $45.00 and set a "neutral" rating for the company in a report on Monday, January 6th. One analyst has rated the stock with a sell rating, eleven have assigned a hold rating and seven have assigned a buy rating to the company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and an average target price of $46.12.

UDR Trading Up 0.9 %

UDR stock traded up $0.36 during trading hours on Wednesday, hitting $41.90. The stock had a trading volume of 944,093 shares, compared to its average volume of 2,209,631. The stock has a market cap of $13.88 billion, a price-to-earnings ratio of 167.60, a P/E/G ratio of 8.67 and a beta of 0.78. The company has a quick ratio of 5.91, a current ratio of 5.61 and a debt-to-equity ratio of 1.71. The business's 50 day simple moving average is $42.86 and its 200-day simple moving average is $43.18. UDR, Inc. has a one year low of $36.61 and a one year high of $47.55.

UDR (NYSE:UDR - Get Free Report) last posted its earnings results on Wednesday, February 5th. The real estate investment trust reported $0.63 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%. On average, equities analysts predict that UDR, Inc. will post 2.51 EPS for the current fiscal year.

UDR Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 30th. Investors of record on Thursday, April 10th will be given a dividend of $0.43 per share. This is a positive change from UDR's previous quarterly dividend of $0.43. This represents a $1.72 annualized dividend and a yield of 4.11%. The ex-dividend date of this dividend is Thursday, April 10th. UDR's dividend payout ratio (DPR) is currently 688.00%.

Insiders Place Their Bets

In other news, CEO Thomas W. Toomey sold 25,000 shares of the firm's stock in a transaction dated Thursday, February 20th. The stock was sold at an average price of $42.75, for a total transaction of $1,068,750.00. Following the completion of the transaction, the chief executive officer now directly owns 824,716 shares in the company, valued at $35,256,609. This trade represents a 2.94 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 3.39% of the company's stock.

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.