5,653 Shares in UDR, Inc. (NYSE:UDR) Bought by Fox Run Management L.L.C.

Fox Run Management L.L.C. bought a new position in shares of UDR, Inc. (NYSE:UDR - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 5,653 shares of the real estate investment trust's stock, valued at approximately $245,000.

Several other large investors have also recently bought and sold shares of the stock. Asset Management One Co. Ltd. increased its holdings in shares of UDR by 7.9% during the 4th quarter. Asset Management One Co. Ltd. now owns 587,772 shares of the real estate investment trust's stock worth $25,515,000 after purchasing an additional 42,926 shares during the period. Principal Financial Group Inc. increased its stake in UDR by 45.7% during 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 acquiring an additional 160,708 shares during the period. JPMorgan Chase & Co. increased 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 acquiring an additional 368,087 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd raised its holdings in UDR by 7.0% in the 4th quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 95,344 shares of the real estate investment trust's stock valued at $4,139,000 after acquiring an additional 6,217 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its position in shares of UDR by 2.2% in 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 during the period. 97.84% of the stock is currently owned by institutional investors and hedge funds.

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Insider Buying and Selling

In other news, CEO Thomas W. Toomey sold 25,000 shares of the firm's stock in a transaction dated 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 transaction, the chief executive officer now 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 document filed with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 3.73% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on UDR shares. Jefferies Financial Group lowered UDR from a "buy" rating to a "hold" rating and cut their target price for the company from $50.00 to $45.00 in a research note on Thursday, January 2nd. Barclays dropped their price objective on shares of UDR from $50.00 to $48.00 and set an "overweight" rating for the company in a research note on Friday, January 24th. 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. Evercore ISI upped their target price on shares of UDR from $43.00 to $45.00 and gave the company an "in-line" rating in a research note on Monday, February 10th. Finally, Mizuho cut their price target on shares of UDR from $47.00 to $45.00 and set a "neutral" rating for the company in a research note on Monday, January 6th. One analyst has rated the stock with a sell rating, eleven have assigned a hold rating and seven have issued a buy rating to the company's stock. According to MarketBeat, UDR has an average rating of "Hold" and a consensus price target of $46.12.

UDR Price Performance

UDR traded down $0.03 during midday trading on Tuesday, hitting $45.15. The company had a trading volume of 1,588,629 shares, compared to its average volume of 2,176,941. UDR, Inc. has a twelve month low of $35.14 and a twelve month high of $47.55. The company has a market capitalization of $14.95 billion, a PE ratio of 180.58, a P/E/G ratio of 8.67 and a beta of 0.88. 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's 50-day simple moving average is $43.22 and its 200-day simple moving average is $43.72.

UDR (NYSE:UDR - Get Free Report) last issued its quarterly earnings results on Wednesday, February 5th. The real estate investment trust reported $0.63 earnings per share 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%. Equities research analysts predict that UDR, Inc. will post 2.51 EPS for the current fiscal year.

UDR Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, April 30th. Investors of record on Thursday, April 10th will be issued a $0.43 dividend. This is a boost 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 yield of 3.81%. UDR's dividend payout ratio (DPR) is currently 688.00%.

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.