GAM Holding AG Purchases Shares of 48,811 UDR, Inc. (NYSE:UDR)

GAM Holding AG acquired a new stake in UDR, Inc. (NYSE:UDR - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 48,811 shares of the real estate investment trust's stock, valued at approximately $2,119,000.

Several other large investors have also modified their holdings of UDR. Activest Wealth Management acquired a new stake in shares of UDR in the third quarter valued at approximately $27,000. Brooklyn Investment Group acquired a new stake in shares of UDR in the third quarter valued at approximately $33,000. Continuum Advisory LLC boosted its holdings in shares of UDR by 5,335.3% in the third quarter. Continuum Advisory LLC now owns 924 shares of the real estate investment trust's stock valued at $41,000 after acquiring an additional 907 shares during the period. Salem Investment Counselors Inc. boosted its holdings in shares of UDR by 62.7% in the fourth quarter. Salem Investment Counselors Inc. now owns 1,349 shares of the real estate investment trust's stock valued at $59,000 after acquiring an additional 520 shares during the period. Finally, Catalyst Capital Advisors LLC acquired a new stake in shares of UDR in the fourth quarter valued at approximately $63,000. 97.84% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on UDR shares. Evercore ISI increased their price objective on UDR from $43.00 to $45.00 and gave the company an "in-line" rating in a report on Monday, February 10th. Scotiabank upped their price target on UDR from $48.00 to $49.00 and gave the stock a "sector perform" rating in a research note on Friday, February 14th. Royal Bank of Canada upped their price target on UDR from $43.00 to $44.00 and gave the stock a "sector perform" rating in a research note on Friday, February 7th. Wells Fargo & Company cut their price target on UDR from $48.00 to $45.00 and set an "overweight" rating for the company in a research note on Friday, January 24th. Finally, Jefferies Financial Group cut UDR from a "buy" rating to a "hold" rating and cut their price target for the stock from $50.00 to $45.00 in a research note on Thursday, January 2nd. One analyst has rated the stock with a sell rating, ten have given a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat.com, UDR has an average rating of "Hold" and an average target price of $46.18.

Insider Transactions at UDR

In other news, CEO Thomas W. Toomey sold 25,000 shares of UDR stock in a transaction 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 owns 824,716 shares of the company's stock, valued at $35,256,609. The trade was a 2.94 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Corporate insiders own 3.73% of the company's stock.

UDR Price Performance

NYSE:UDR traded down $0.17 during trading hours on Friday, hitting $42.84. The company's stock had a trading volume of 5,240,247 shares, compared to its average volume of 2,007,448. UDR, Inc. has a 52-week low of $34.76 and a 52-week high of $47.55. The company has a market capitalization of $14.19 billion, a PE ratio of 171.36, a PEG ratio of 8.59 and a beta of 0.88. The business's 50-day moving average is $42.31 and its two-hundred day moving average is $43.55. The company has a debt-to-equity ratio of 1.71, a quick ratio of 5.91 and a current ratio of 5.61.

UDR (NYSE:UDR - Get Free Report) last released its quarterly 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, research analysts anticipate that UDR, Inc. will post 2.51 EPS for the current fiscal year.

UDR Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, January 31st. Stockholders of record on Thursday, January 9th were paid a dividend of $0.425 per share. This represents a $1.70 annualized dividend and a dividend yield of 3.97%. The ex-dividend date of this dividend was Friday, January 10th. UDR's dividend payout ratio (DPR) is presently 680.00%.

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.