Charles Schwab Investment Management Inc. Has $189.57 Million Position in UDR, Inc. (NYSE:UDR)

Charles Schwab Investment Management Inc. raised its position in UDR, Inc. (NYSE:UDR - Free Report) by 2.2% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 4,367,054 shares of the real estate investment trust's stock after purchasing an additional 95,022 shares during the quarter. Charles Schwab Investment Management Inc. owned about 1.32% of UDR worth $189,574,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in the business. Activest Wealth Management acquired a new position in shares of UDR during the third quarter valued at approximately $27,000. Brooklyn Investment Group acquired a new stake in UDR during the 3rd quarter worth about $33,000. Continuum Advisory LLC raised its holdings in shares of UDR by 5,335.3% during the third quarter. Continuum Advisory LLC now owns 924 shares of the real estate investment trust's stock valued at $41,000 after acquiring an additional 907 shares during the period. Smartleaf Asset Management LLC raised its stake in UDR by 68.7% during the 4th quarter. Smartleaf Asset Management LLC now owns 1,206 shares of the real estate investment trust's stock valued at $52,000 after purchasing an additional 491 shares during the period. Finally, Salem Investment Counselors Inc. raised 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 valued at $59,000 after buying an additional 520 shares during the period. 97.84% of the stock is currently owned by institutional investors and hedge funds.

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Wall Street Analyst Weigh In

Several analysts recently issued reports on the company. Royal Bank of Canada increased their price objective on UDR from $43.00 to $44.00 and gave the stock a "sector perform" rating in a report on Friday, February 7th. Mizuho reduced their price objective on shares of UDR from $47.00 to $45.00 and set a "neutral" rating for the company in a research note on Monday, January 6th. Zelman & Associates restated a "neutral" rating on shares of UDR in a research note on Thursday, February 13th. Wells Fargo & Company decreased their price target on shares of UDR from $48.00 to $45.00 and set an "overweight" rating on the stock in a research report on Friday, January 24th. Finally, Scotiabank increased their price objective on shares of UDR from $48.00 to $49.00 and gave the company a "sector perform" rating in a research note on Friday, February 14th. One equities research analyst has rated the stock with a sell rating, eleven have issued a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average target price of $46.12.

Insider Activity

In other UDR news, CEO Thomas W. Toomey sold 25,000 shares of the 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 completion of the sale, the chief executive officer now directly owns 824,716 shares in the company, valued at $35,256,609. This 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. 3.73% of the stock is currently owned by company insiders.

UDR Price Performance

NYSE:UDR traded down $0.25 during mid-day trading on Monday, reaching $44.24. 2,623,547 shares of the company were exchanged, compared to its average volume of 2,053,644. UDR, Inc. has a 12 month low of $35.14 and a 12 month high of $47.55. 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 company has a fifty day moving average of $42.47 and a 200 day moving average of $43.80. The stock has a market cap of $14.65 billion, a PE ratio of 176.94, a PEG ratio of 8.67 and a beta of 0.88.

UDR (NYSE:UDR - Get Free Report) last posted its quarterly 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 return on equity of 2.65% and a net margin of 5.36%. On average, research analysts anticipate that UDR, Inc. will post 2.51 EPS for the current fiscal year.

UDR Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, January 31st. Investors of record on Thursday, January 9th were paid a dividend of $0.425 per share. The ex-dividend date was Friday, January 10th. This represents a $1.70 dividend on an annualized basis and a dividend yield of 3.84%. UDR's dividend payout ratio (DPR) is presently 680.00%.

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.