FIL Ltd Lowers Stock Position in UDR, Inc. (NYSE:UDR)

FIL Ltd lessened its holdings in shares of UDR, Inc. (NYSE:UDR - Free Report) by 20.7% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 79,707 shares of the real estate investment trust's stock after selling 20,846 shares during the period. FIL Ltd's holdings in UDR were worth $3,460,000 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. Asset Management One Co. Ltd. lifted its holdings in shares of UDR by 7.9% during the fourth 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 position in UDR by 45.7% during the 4th 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 in the last quarter. JPMorgan Chase & Co. raised its stake in UDR by 5.0% during 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 during the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd boosted its holdings in UDR by 7.0% in the fourth 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 acquiring an additional 6,217 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. grew its stake in shares of UDR by 2.2% in the fourth 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 during the last quarter. 97.84% of the stock is owned by hedge funds and other institutional investors.

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Insider Activity at UDR

In other news, CEO Thomas W. Toomey sold 25,000 shares of the firm's 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 of the company's stock, valued at approximately $35,256,609. This trade represents a 2.94 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 3.73% of the stock is currently owned by company insiders.

UDR Price Performance

Shares of UDR stock traded up $0.40 on Thursday, hitting $41.27. 2,197,554 shares of the stock traded hands, compared to its average volume of 2,195,557. The company has a debt-to-equity ratio of 1.71, a current ratio of 5.61 and a quick ratio of 5.91. The firm has a 50 day simple moving average of $42.99 and a two-hundred day simple moving average of $43.29. The firm has a market cap of $13.67 billion, a price-to-earnings ratio of 165.08, a PEG ratio of 8.67 and a beta of 0.78. UDR, Inc. has a 52 week low of $35.14 and a 52 week high of $47.55.

UDR (NYSE:UDR - Get Free Report) last released 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 return on equity of 2.65% and a net margin of 5.36%. As a group, equities research analysts predict that UDR, Inc. will post 2.51 earnings per share for the current fiscal year.

UDR Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 30th. Investors of record on Thursday, April 10th will be paid a $0.43 dividend. This represents a $1.72 annualized dividend and a yield of 4.17%. The ex-dividend date of this dividend is Thursday, April 10th. This is an increase from UDR's previous quarterly dividend of $0.43. UDR's dividend payout ratio (DPR) is currently 688.00%.

Analyst Upgrades and Downgrades

Several analysts recently commented on UDR shares. Barclays cut 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. Mizuho decreased their price objective on shares of UDR from $47.00 to $45.00 and set a "neutral" rating for the company in a report on Monday, January 6th. Scotiabank lifted their target price on UDR from $48.00 to $49.00 and gave the stock a "sector perform" rating in a report on Friday, February 14th. Royal Bank of Canada upped their price target on UDR from $43.00 to $44.00 and gave the company a "sector perform" rating in a report on Friday, February 7th. Finally, StockNews.com upgraded UDR from a "sell" rating to a "hold" rating in a report on Thursday, February 6th. One research analyst has rated the stock with a sell rating, eleven have given a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat, UDR presently has an average rating of "Hold" and an average price target of $46.12.

About UDR

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.