UDR, Inc. (NYSE:UDR) Shares Sold by Korea Investment CORP

Korea Investment CORP decreased its position in UDR, Inc. (NYSE:UDR - Free Report) by 5.4% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 152,964 shares of the real estate investment trust's stock after selling 8,700 shares during the quarter. Korea Investment CORP's holdings in UDR were worth $6,640,000 at the end of the most recent quarter.

A number of other institutional investors also recently added to or reduced their stakes in UDR. Exchange Traded Concepts LLC raised its holdings in shares of UDR by 8.8% in the 4th quarter. Exchange Traded Concepts LLC now owns 3,330 shares of the real estate investment trust's stock valued at $145,000 after purchasing an additional 269 shares in the last quarter. Smartleaf Asset Management LLC raised its stake in UDR by 68.7% in the fourth quarter. Smartleaf Asset Management LLC now owns 1,206 shares of the real estate investment trust's stock valued at $52,000 after buying an additional 491 shares in the last quarter. IRON Financial LLC lifted its holdings in UDR by 3.0% during the 4th quarter. IRON Financial LLC now owns 17,674 shares of the real estate investment trust's stock worth $767,000 after buying an additional 511 shares during the last quarter. Salem Investment Counselors Inc. boosted its position in shares of UDR by 62.7% during the 4th quarter. Salem Investment Counselors Inc. now owns 1,349 shares of the real estate investment trust's stock worth $59,000 after acquiring an additional 520 shares in the last quarter. Finally, Empowered Funds LLC increased its holdings in shares of UDR by 10.4% in the 4th quarter. Empowered Funds LLC now owns 5,792 shares of the real estate investment trust's stock valued at $251,000 after acquiring an additional 546 shares during the last quarter. Hedge funds and other institutional investors own 97.84% of the company's stock.

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UDR Stock Performance

NYSE:UDR traded down $1.70 during mid-day trading on Thursday, reaching $43.67. The stock had a trading volume of 3,942,964 shares, compared to its average volume of 2,182,698. UDR, Inc. has a twelve month low of $35.14 and a twelve month high of $47.55. The business has a 50 day simple moving average of $43.32 and a 200 day simple moving average of $43.73. The firm has a market capitalization of $14.46 billion, a price-to-earnings ratio of 174.66, a PEG 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.

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

UDR Increases Dividend

The business also recently disclosed 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 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 dividend yield of 3.94%. UDR's dividend payout ratio (DPR) is 688.00%.

Wall Street Analyst Weigh In

UDR has been the subject of a number of research analyst reports. Scotiabank upped their price target on UDR from $48.00 to $49.00 and gave the company 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 report on Monday, February 10th. Royal Bank of Canada increased their target price on shares of UDR from $43.00 to $44.00 and gave the company a "sector perform" rating in a research report on Friday, February 7th. Jefferies Financial Group downgraded shares of UDR from a "buy" rating to a "hold" rating and decreased their price objective for the company from $50.00 to $45.00 in a research note on Thursday, January 2nd. Finally, Barclays cut their target price on UDR from $50.00 to $48.00 and set an "overweight" rating on the stock in a research report on Friday, January 24th. One equities research analyst has rated the stock with a sell rating, eleven have assigned a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat.com, UDR has a consensus rating of "Hold" and an average price target of $46.12.

Insider Buying and Selling

In other 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 transaction 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 approximately $35,256,609. This trade represents a 2.94 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 3.73% of the stock is owned by 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.