BI Asset Management Fondsmaeglerselskab A S Acquires Shares of 15,478 UDR, Inc. (NYSE:UDR)

BI Asset Management Fondsmaeglerselskab A S bought a new stake in UDR, Inc. (NYSE:UDR - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 15,478 shares of the real estate investment trust's stock, valued at approximately $672,000.

Other large investors have also recently made changes to their positions in the company. Smartleaf Asset Management LLC grew its holdings in shares of UDR by 68.7% during the fourth 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 in the last quarter. Salem Investment Counselors Inc. boosted its position in UDR by 62.7% during the fourth quarter. Salem Investment Counselors Inc. now owns 1,349 shares of the real estate investment trust's stock worth $59,000 after acquiring an additional 520 shares during the last quarter. Catalyst Capital Advisors LLC purchased a new stake in UDR during the 4th quarter valued at about $63,000. Eastern Bank acquired a new stake in UDR in the 4th quarter valued at about $68,000. Finally, Crews Bank & Trust purchased a new position in UDR in the 4th quarter worth approximately $76,000. 97.84% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at UDR

In other news, CEO Thomas W. Toomey sold 25,000 shares of the company's 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 completion of the sale, the chief executive officer now directly owns 824,716 shares of the company's stock, valued at approximately $35,256,609. This represents a 2.94 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 3.39% of the company's stock.

UDR Stock Down 0.7 %

Shares of NYSE:UDR traded down $0.28 on Friday, hitting $41.29. 1,557,881 shares of the company's stock were exchanged, compared to its average volume of 2,174,530. 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 1-year low of $36.61 and a 1-year high of $47.55. The company has a market capitalization of $13.67 billion, a PE ratio of 165.16, a P/E/G ratio of 8.67 and a beta of 0.78. The firm's 50-day moving average is $42.78 and its 200 day moving average is $43.13.

UDR (NYSE:UDR - Get Free Report) last issued its earnings results on Wednesday, February 5th. The real estate investment trust reported $0.63 earnings per share (EPS) for the quarter, beating 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%. Sell-side analysts predict that UDR, Inc. will post 2.51 EPS for the current year.

UDR Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Thursday, April 10th will be issued a $0.43 dividend. This is an increase from UDR's previous quarterly dividend of $0.43. This represents a $1.72 annualized dividend and a dividend yield of 4.17%. The ex-dividend date of this dividend is Thursday, April 10th. UDR's payout ratio is presently 688.00%.

Wall Street Analyst Weigh In

Several research firms recently commented on UDR. Wells Fargo & Company cut their price target on UDR from $48.00 to $45.00 and set an "overweight" rating for the company in a report on Friday, January 24th. Mizuho dropped their price objective 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. Truist Financial downgraded shares of UDR from a "buy" rating to a "hold" rating and lifted their target price for the stock from $45.00 to $46.00 in a research note on Monday, March 10th. StockNews.com raised shares of UDR from a "sell" rating to a "hold" rating in a research note on Thursday, February 6th. Finally, Barclays reduced their price target on shares of UDR from $50.00 to $48.00 and set an "overweight" rating on the stock in a research report on Friday, January 24th. One analyst has rated the stock with a sell rating, eleven have issued a hold rating and seven have issued a buy rating to the company's stock. According to MarketBeat, UDR has an average rating of "Hold" and an average price target of $46.12.

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.