Capital Research Global Investors Grows Holdings in UDR, Inc. (NYSE:UDR)

Capital Research Global Investors raised its holdings in shares of UDR, Inc. (NYSE:UDR - Free Report) by 64.1% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 13,060,120 shares of the real estate investment trust's stock after purchasing an additional 5,101,668 shares during the quarter. Capital Research Global Investors owned approximately 3.96% of UDR worth $566,940,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in UDR. Tidal Investments LLC grew its stake in UDR by 25.5% during the third quarter. Tidal Investments LLC now owns 18,053 shares of the real estate investment trust's stock valued at $819,000 after acquiring an additional 3,665 shares in the last quarter. Inspire Trust Co. N.A. increased its holdings in shares of UDR by 12.3% in the third quarter. Inspire Trust Co. N.A. now owns 27,415 shares of the real estate investment trust's stock worth $1,243,000 after purchasing an additional 3,000 shares during the period. JPMorgan Chase & Co. raised its position in shares of UDR by 5.0% in the third quarter. JPMorgan Chase & Co. now owns 7,774,541 shares of the real estate investment trust's stock worth $352,498,000 after buying an additional 368,087 shares in the last quarter. GAMMA Investing LLC grew its position in UDR by 14.6% during the fourth quarter. GAMMA Investing LLC now owns 8,460 shares of the real estate investment trust's stock worth $367,000 after buying an additional 1,080 shares in the last quarter. Finally, ST Germain D J Co. Inc. purchased a new stake in shares of UDR in the 4th quarter valued at about $94,000. Institutional investors own 97.84% of the company's stock.

Insider Buying and Selling at UDR

In related news, CEO Thomas W. Toomey sold 25,000 shares of the 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 completion of the transaction, 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 position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 3.39% of the company's stock.

UDR Stock Performance

Shares of NYSE:UDR traded down $0.23 on Thursday, hitting $41.57. 2,260,758 shares of the company were exchanged, compared to its average volume of 2,180,515. 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 stock's 50 day moving average price is $42.84 and its 200 day moving average price is $43.17. UDR, Inc. has a 1-year low of $36.61 and a 1-year high of $47.55. The firm has a market capitalization of $13.77 billion, a P/E ratio of 166.28, a price-to-earnings-growth ratio of 8.67 and a beta of 0.78.

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, 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%. Sell-side analysts predict 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. Shareholders of record on Thursday, April 10th will be given a dividend of $0.43 per share. The ex-dividend date is Thursday, April 10th. This is a boost from UDR's previous quarterly dividend of $0.43. This represents a $1.72 dividend on an annualized basis and a yield of 4.14%. UDR's dividend payout ratio is currently 688.00%.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on UDR shares. Barclays lowered their price objective 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. Royal Bank of Canada upped their target price on UDR from $43.00 to $44.00 and gave the stock a "sector perform" rating in a research note on Friday, February 7th. Truist Financial cut shares of UDR from a "buy" rating to a "hold" rating and upped their price objective for the company from $45.00 to $46.00 in a research note on Monday, March 10th. Zelman & Associates reiterated a "neutral" rating on shares of UDR in a research report on Thursday, February 13th. Finally, Wells Fargo & Company reduced their price objective on UDR from $48.00 to $45.00 and set an "overweight" rating on the stock in a research note on Friday, January 24th. One investment analyst has rated the stock with a sell rating, eleven have issued a hold rating and seven have given a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus 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.