UDR, Inc. (NYSE:UDR) Shares Sold by Lasalle Investment Management Securities LLC

Lasalle Investment Management Securities LLC lowered its stake in shares of UDR, Inc. (NYSE:UDR - Free Report) by 18.5% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,298,590 shares of the real estate investment trust's stock after selling 293,895 shares during the period. UDR accounts for about 2.4% of Lasalle Investment Management Securities LLC's investment portfolio, making the stock its 18th largest position. Lasalle Investment Management Securities LLC owned about 0.39% of UDR worth $56,372,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently modified their holdings of UDR. Asset Management One Co. Ltd. raised 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 acquiring an additional 42,926 shares in the last quarter. Principal Financial Group Inc. raised 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 purchasing an additional 160,708 shares in the last quarter. JPMorgan Chase & Co. lifted its position 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 purchasing an additional 368,087 shares during the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd grew its stake in shares of 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 worth $4,139,000 after buying an additional 6,217 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. increased its holdings 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 buying an additional 95,022 shares during the last quarter. Hedge funds and other institutional investors own 97.84% of the company's stock.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on UDR shares. Evercore ISI lifted their price target on UDR from $43.00 to $45.00 and gave the stock an "in-line" rating in a research report on Monday, February 10th. Wells Fargo & Company dropped their target price on UDR from $48.00 to $45.00 and set an "overweight" rating for the company in a report on Friday, January 24th. Zelman & Associates restated a "neutral" rating on shares of UDR in a report on Thursday, February 13th. Scotiabank lifted their price objective on shares of UDR from $48.00 to $49.00 and gave the stock a "sector perform" rating in a research note on Friday, February 14th. Finally, Truist Financial downgraded shares of UDR from a "buy" rating to a "hold" rating and increased their target price for the company from $45.00 to $46.00 in a research note on Monday, March 10th. 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 company. According to MarketBeat, the company currently has a consensus rating of "Hold" and a consensus target price of $46.12.

Insiders Place Their Bets

In other UDR news, CEO Thomas W. Toomey sold 25,000 shares of the stock in a transaction dated 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 of the company's stock, valued at approximately $35,256,609. This represents a 2.94 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 3.39% of the stock is owned by company insiders.

UDR Stock Down 0.3 %

Shares of UDR traded down $0.12 during midday trading on Friday, reaching $41.46. 600,298 shares of the stock were exchanged, compared to its average volume of 2,171,522. The company has a market capitalization of $13.73 billion, a P/E ratio of 165.78, a PEG ratio of 8.67 and a beta of 0.78. The company has a current ratio of 5.61, a quick ratio of 5.91 and a debt-to-equity ratio of 1.71. UDR, Inc. has a 52 week low of $36.61 and a 52 week high of $47.55. The company's 50 day moving average is $42.81 and its two-hundred day moving average is $43.15.

UDR (NYSE:UDR - Get Free Report) last issued 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 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 firm 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 an increase from UDR's previous quarterly dividend of $0.43. The ex-dividend date of this dividend is Thursday, April 10th. This represents a $1.72 dividend on an annualized basis and a yield of 4.15%. UDR's payout ratio is 688.00%.

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.