CANADA LIFE ASSURANCE Co grew its holdings in shares of UDR, Inc. (NYSE:UDR - Free Report) by 5.2% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 491,066 shares of the real estate investment trust's stock after purchasing an additional 24,492 shares during the quarter. CANADA LIFE ASSURANCE Co owned approximately 0.15% of UDR worth $21,301,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also made changes to their positions in the company. Smartleaf Asset Management LLC boosted its stake in UDR by 68.7% in 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. grew its holdings 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 valued at $59,000 after purchasing an additional 520 shares during the period. Catalyst Capital Advisors LLC purchased a new position in UDR during the fourth quarter worth approximately $63,000. Eastern Bank purchased a new position in UDR during the fourth quarter worth approximately $68,000. Finally, Crews Bank & Trust acquired a new position in shares of UDR in the 4th quarter valued at $76,000. Hedge funds and other institutional investors own 97.84% of the company's stock.
UDR Stock Up 0.8 %
Shares of NYSE:UDR traded up $0.33 during midday trading on Wednesday, reaching $41.87. The company had a trading volume of 1,705,760 shares, compared to its average volume of 2,181,116. UDR, Inc. has a one year low of $36.61 and a one year high of $47.55. The company has a debt-to-equity ratio of 1.71, a current ratio of 5.61 and a quick ratio of 5.91. The stock has a market capitalization of $13.87 billion, a P/E ratio of 167.48, a PEG ratio of 8.67 and a beta of 0.78. The stock's fifty day moving average price is $42.86 and its 200-day moving average price is $43.18.
UDR (NYSE:UDR - Get Free Report) last announced its quarterly earnings data on Wednesday, February 5th. The real estate investment trust reported $0.63 earnings per share for the quarter, beating 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%. Equities research analysts expect that UDR, Inc. will post 2.51 earnings per share for the current fiscal year.
UDR Increases Dividend
The firm also recently declared 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. The ex-dividend date of this dividend 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 4.11%. UDR's payout ratio is 688.00%.
Analyst Ratings Changes
UDR has been the subject of a number of research analyst reports. Evercore ISI upped their price objective on UDR from $43.00 to $45.00 and gave the stock an "in-line" rating in a report on Monday, February 10th. Zelman & Associates restated a "neutral" rating on shares of UDR in a report on Thursday, February 13th. Truist Financial cut UDR from a "buy" rating to a "hold" rating and boosted their target price for the stock from $45.00 to $46.00 in a report on Monday, March 10th. StockNews.com upgraded shares of UDR from a "sell" rating to a "hold" rating in a report on Thursday, February 6th. Finally, Wells Fargo & Company decreased their price objective on shares of UDR from $48.00 to $45.00 and set an "overweight" rating for the company in a research note 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's stock. Based on data from MarketBeat, the stock has an average rating of "Hold" and a consensus target price of $46.12.
Read Our Latest Research Report on UDR
Insider Activity at UDR
In other UDR news, CEO Thomas W. Toomey sold 25,000 shares of the firm's stock in a transaction on 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 sale, the chief executive officer now directly owns 824,716 shares in the company, valued at approximately $35,256,609. This trade represents a 2.94 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Insiders own 3.39% of the company's stock.
UDR Profile
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Free Report)
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.
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