Dimensional Fund Advisors LP Increases Stake in UDR, Inc. (NYSE:UDR)

Dimensional Fund Advisors LP increased its position in shares of UDR, Inc. (NYSE:UDR - Free Report) by 0.9% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 4,757,032 shares of the real estate investment trust's stock after buying an additional 44,599 shares during the period. Dimensional Fund Advisors LP owned about 1.44% of UDR worth $206,501,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Asset Management One Co. Ltd. increased its position in shares of UDR by 7.9% in the 4th quarter. Asset Management One Co. Ltd. now owns 587,772 shares of the real estate investment trust's stock valued at $25,515,000 after purchasing an additional 42,926 shares during the last quarter. Principal Financial Group Inc. increased its holdings in UDR by 45.7% in the fourth quarter. Principal Financial Group Inc. now owns 512,540 shares of the real estate investment trust's stock valued at $22,249,000 after buying an additional 160,708 shares during the last quarter. JPMorgan Chase & Co. raised its stake in 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 valued at $352,498,000 after buying an additional 368,087 shares in the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd lifted its holdings in UDR by 7.0% during the 4th quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 95,344 shares of the real estate investment trust's stock worth $4,139,000 after buying an additional 6,217 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its position in shares of UDR by 2.2% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 4,367,054 shares of the real estate investment trust's stock worth $189,574,000 after acquiring an additional 95,022 shares in the last quarter. Institutional investors and hedge funds own 97.84% of the company's stock.

UDR Stock Performance

NYSE UDR opened at $41.56 on Wednesday. The stock has a market capitalization of $13.76 billion, a price-to-earnings ratio of 166.24, a PEG ratio of 8.67 and a beta of 0.78. The business's 50 day moving average is $42.86 and its two-hundred day moving average is $43.18. UDR, Inc. has a 12-month low of $36.61 and a 12-month high of $47.55. The company has a current ratio of 5.61, a quick ratio of 5.91 and a debt-to-equity ratio of 1.71.

UDR (NYSE:UDR - Get Free Report) last released its quarterly earnings data 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 return on equity of 2.65% and a net margin of 5.36%. Research analysts expect that UDR, Inc. will post 2.51 EPS for the current year.

UDR Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Thursday, April 10th will be paid a dividend of $0.43 per share. This is a positive change from UDR's previous quarterly dividend of $0.43. The ex-dividend date is Thursday, April 10th. This represents a $1.72 annualized dividend and a dividend yield of 4.14%. UDR's payout ratio is 688.00%.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on UDR. Wells Fargo & Company cut their target price on UDR from $48.00 to $45.00 and set an "overweight" rating on the stock in a research report on Friday, January 24th. Truist Financial cut shares of UDR from a "buy" rating to a "hold" rating and upped their target price for the company from $45.00 to $46.00 in a report on Monday, March 10th. StockNews.com raised shares of UDR from a "sell" rating to a "hold" rating in a research report on Thursday, February 6th. Evercore ISI raised 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. Finally, Zelman & Associates reissued a "neutral" rating on shares of UDR in a report on Thursday, February 13th. 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 company. Based on data from MarketBeat.com, UDR currently has an average rating of "Hold" and a consensus target price of $46.12.

Insider Buying and Selling at UDR

In related news, CEO Thomas W. Toomey sold 25,000 shares of UDR stock in a transaction that occurred on Thursday, February 20th. The stock was sold at an average price of $42.75, for a total transaction of $1,068,750.00. Following the completion of the transaction, the chief executive officer now directly owns 824,716 shares in the company, valued at $35,256,609. The trade was a 2.94 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 3.39% of the stock is owned by corporate insiders.

UDR Company 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.

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