UDR, Inc. (NYSE:UDR) Shares Sold by Daiwa Securities Group Inc.

Daiwa Securities Group Inc. lowered its holdings in UDR, Inc. (NYSE:UDR - Free Report) by 1.6% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 6,998,102 shares of the real estate investment trust's stock after selling 111,878 shares during the quarter. UDR accounts for about 1.4% of Daiwa Securities Group Inc.'s investment portfolio, making the stock its 21st biggest holding. Daiwa Securities Group Inc. owned 2.12% of UDR worth $303,787,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Activest Wealth Management purchased a new position in UDR in the 3rd quarter worth about $27,000. Brooklyn Investment Group bought a new stake in shares of UDR in the third quarter worth approximately $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 purchasing an additional 907 shares during the last quarter. Smartleaf Asset Management LLC lifted its position in 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 valued at $52,000 after purchasing an additional 491 shares during the period. Finally, Salem Investment Counselors Inc. boosted 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 worth $59,000 after purchasing an additional 520 shares during the last quarter. 97.84% of the stock is owned by institutional investors.

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UDR Trading Down 1.1 %

UDR traded down $0.49 on Tuesday, reaching $43.78. 1,112,009 shares of the company traded hands, compared to its average volume of 2,049,783. The company has a market cap of $14.50 billion, a P/E ratio of 175.14, a price-to-earnings-growth ratio of 8.67 and a beta of 0.88. The company has a quick ratio of 5.91, a current ratio of 5.61 and a debt-to-equity ratio of 1.71. UDR, Inc. has a one year low of $35.14 and a one year high of $47.55. The firm has a fifty day simple moving average of $42.49 and a two-hundred day simple moving average of $43.81.

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 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%. As a group, equities research analysts expect that UDR, Inc. will post 2.51 earnings per share for the current year.

UDR Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, January 31st. Stockholders of record on Thursday, January 9th were given a dividend of $0.425 per share. This represents a $1.70 dividend on an annualized basis and a dividend yield of 3.88%. The ex-dividend date was Friday, January 10th. UDR's payout ratio is 680.00%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on the company. StockNews.com raised UDR from a "sell" rating to a "hold" rating in a report on Thursday, February 6th. Barclays dropped their target price on UDR from $50.00 to $48.00 and set an "overweight" rating on the stock in a research report on Friday, January 24th. Truist Financial lowered shares of UDR from a "buy" rating to a "hold" rating and upped their price target for the company from $45.00 to $46.00 in a research report on Monday. Scotiabank raised their price objective on shares of UDR from $48.00 to $49.00 and gave the stock a "sector perform" rating in a report on Friday, February 14th. Finally, Zelman & Associates reiterated a "neutral" rating on shares of UDR in a research report on Thursday, February 13th. One investment analyst has rated the stock with a sell rating, eleven have given a hold rating and seven have given a buy rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Hold" and an average price target of $46.12.

Insider Activity

In other news, CEO Thomas W. Toomey sold 25,000 shares of the stock in a transaction that occurred on Thursday, February 20th. The shares were sold at an average price of $42.75, for a total transaction of $1,068,750.00. Following the transaction, 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 document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 3.73% of the company's stock.

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.