Diamond Hill Capital Management Inc. lessened its stake in UDR, Inc. (NYSE:UDR - Free Report) by 13.1% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 1,263,301 shares of the real estate investment trust's stock after selling 190,591 shares during the quarter. Diamond Hill Capital Management Inc. owned 0.38% of UDR worth $54,840,000 as of its most recent filing with the SEC.
Other hedge funds and other institutional investors have also made changes to their positions in the company. Activest Wealth Management purchased a new stake in UDR during the third quarter worth approximately $27,000. Brooklyn Investment Group purchased a new stake in UDR during the third quarter worth approximately $33,000. Continuum Advisory LLC lifted its stake in UDR by 5,335.3% during the third quarter. Continuum Advisory LLC now owns 924 shares of the real estate investment trust's stock worth $41,000 after purchasing an additional 907 shares during the last quarter. Smartleaf Asset Management LLC lifted its stake 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 worth $52,000 after purchasing an additional 491 shares during the last quarter. Finally, Salem Investment Counselors Inc. lifted its stake 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 purchasing an additional 520 shares during the last quarter. Hedge funds and other institutional investors own 97.84% of the company's stock.
UDR Price Performance
Shares of UDR traded down $0.48 during trading hours on Tuesday, reaching $43.41. 2,270,620 shares of the company traded hands, compared to its average volume of 2,024,872. 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 stock has a market capitalization of $14.37 billion, a PE ratio of 173.62, a price-to-earnings-growth ratio of 8.67 and a beta of 0.88. UDR, Inc. has a fifty-two week low of $35.14 and a fifty-two week high of $47.55. The stock has a fifty day simple moving average of $42.54 and a 200 day simple moving average of $43.80.
UDR (NYSE:UDR - Get Free Report) last posted its quarterly earnings data on Wednesday, February 5th. The real estate investment trust reported $0.63 EPS for the quarter, beating analysts' consensus estimates of $0.10 by $0.53. UDR had a return on equity of 2.65% and a net margin of 5.36%. As a group, research analysts predict that UDR, Inc. will post 2.51 EPS for the current fiscal year.
UDR Increases Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 30th. Investors of record on Thursday, April 10th will be paid a dividend of $0.43 per share. The ex-dividend date is Thursday, April 10th. This represents a $1.72 dividend on an annualized basis and a dividend yield of 3.96%. This is a positive change from UDR's previous quarterly dividend of $0.43. UDR's dividend payout ratio (DPR) is presently 688.00%.
Insiders Place Their Bets
In other UDR news, CEO Thomas W. Toomey sold 25,000 shares of the firm's 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 sale, the chief executive officer now directly owns 824,716 shares of the company's stock, valued at approximately $35,256,609. This trade represents a 2.94 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 3.73% of the stock is owned by corporate insiders.
Wall Street Analysts Forecast Growth
UDR has been the topic of several research analyst reports. Scotiabank lifted their price target on UDR from $48.00 to $49.00 and gave the stock a "sector perform" rating in a research report on Friday, February 14th. Zelman & Associates reaffirmed a "neutral" rating on shares of UDR in a research report on Thursday, February 13th. Truist Financial lowered UDR from a "buy" rating to a "hold" rating and lifted their price target for the stock from $45.00 to $46.00 in a research report on Monday, March 10th. Evercore ISI boosted their target price on UDR from $43.00 to $45.00 and gave the company an "in-line" rating in a report on Monday, February 10th. Finally, Barclays dropped their target price on UDR from $50.00 to $48.00 and set an "overweight" rating on the stock in a report on Friday, January 24th. One analyst has rated the stock with a sell rating, eleven have given a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat.com, UDR presently has an average rating of "Hold" and a consensus price target of $46.12.
Read Our Latest Analysis on UDR
UDR Company Profile
(
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.
Further Reading
Before you consider UDR, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and UDR wasn't on the list.
While UDR currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Enter your email address and we'll send you MarketBeat's list of seven stocks and why their long-term outlooks are very promising.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
