UDR, Inc. (NYSE:UDR) Shares Purchased by Fmr LLC

FMR LLC lifted its position in UDR, Inc. (NYSE:UDR - Free Report) by 10.5% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 12,592,458 shares of the real estate investment trust's stock after purchasing an additional 1,191,432 shares during the period. FMR LLC owned about 3.82% of UDR worth $546,639,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Norges Bank bought a new stake in UDR during the fourth quarter valued at about $1,273,442,000. Prudential Financial Inc. lifted its holdings in UDR by 24.2% in the 4th quarter. Prudential Financial Inc. now owns 2,989,563 shares of the real estate investment trust's stock worth $129,777,000 after purchasing an additional 583,126 shares in the last quarter. Raymond James Financial Inc. bought a new position in UDR in the 4th quarter worth approximately $22,662,000. JPMorgan Chase & Co. raised its position in shares of 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. Finally, Amundi raised its position in shares of UDR by 22.8% during the fourth quarter. Amundi now owns 1,655,179 shares of the real estate investment trust's stock valued at $68,226,000 after buying an additional 307,823 shares during the last quarter. 97.84% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

UDR has been the subject of a number of research analyst reports. Barclays cut their price objective on UDR from $50.00 to $48.00 and set an "overweight" rating for the company in a research report on Friday, January 24th. Jefferies Financial Group downgraded shares of UDR from a "buy" rating to a "hold" rating and reduced their target price for the stock from $50.00 to $45.00 in a report on Thursday, January 2nd. StockNews.com raised shares of UDR from a "sell" rating to a "hold" rating in a report on Thursday, February 6th. Scotiabank boosted their price objective on UDR from $48.00 to $49.00 and gave the stock a "sector perform" rating in a research note on Friday, February 14th. Finally, Royal Bank of Canada raised their price objective on UDR from $43.00 to $44.00 and gave the company a "sector perform" rating in a research note on Friday, February 7th. One equities research analyst has rated the stock with a sell rating, eleven have issued a hold rating and seven have given a buy rating to the stock. According to MarketBeat, the company has a consensus rating of "Hold" and a consensus target price of $46.12.

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UDR Trading Up 3.0 %

UDR stock traded up $1.17 during trading hours on Monday, hitting $40.63. The company had a trading volume of 191,500 shares, compared to its average volume of 2,178,003. The company has a debt-to-equity ratio of 1.71, a quick ratio of 5.91 and a current ratio of 5.61. The firm has a market cap of $13.46 billion, a P/E ratio of 162.52, a P/E/G ratio of 8.67 and a beta of 0.78. The company has a 50-day moving average price of $43.10 and a two-hundred day moving average price of $43.36. UDR, Inc. has a 1 year low of $35.14 and a 1 year high of $47.55.

UDR (NYSE:UDR - Get Free Report) last posted its earnings results 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 net margin of 5.36% and a return on equity of 2.65%. On average, sell-side analysts anticipate that UDR, Inc. will post 2.51 earnings per share for the current year.

UDR Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Thursday, April 10th will be given a $0.43 dividend. This represents a $1.72 annualized dividend and a dividend yield of 4.23%. This is a positive change from UDR's previous quarterly dividend of $0.43. The ex-dividend date is Thursday, April 10th. UDR's payout ratio is presently 688.00%.

Insider Buying and Selling

In related news, CEO Thomas W. Toomey sold 25,000 shares of UDR stock in a transaction that occurred on Thursday, February 20th. The shares were 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 trade represents a 2.94 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 3.73% of the stock is currently owned by company insiders.

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.