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

LPL Financial LLC raised its holdings in shares of UDR, Inc. (NYSE:UDR - Free Report) by 8.8% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 110,621 shares of the real estate investment trust's stock after acquiring an additional 8,931 shares during the period. LPL Financial LLC's holdings in UDR were worth $4,802,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. Continuum Advisory LLC raised its position in UDR by 5,335.3% in the 3rd quarter. Continuum Advisory LLC now owns 924 shares of the real estate investment trust's stock worth $41,000 after purchasing an additional 907 shares during the period. Smartleaf Asset Management LLC lifted its stake in shares of UDR by 68.7% in the 4th quarter. Smartleaf Asset Management LLC now owns 1,206 shares of the real estate investment trust's stock valued at $52,000 after acquiring an additional 491 shares during the last quarter. Salem Investment Counselors Inc. boosted its holdings in 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 valued at $59,000 after acquiring an additional 520 shares during the period. Catalyst Capital Advisors LLC bought a new position in UDR during the 4th quarter worth approximately $63,000. Finally, Eastern Bank purchased a new position in UDR in the 4th quarter worth approximately $68,000. 97.84% of the stock is currently owned by institutional investors.

UDR Price Performance

UDR stock traded up $0.03 during mid-day trading on Friday, hitting $39.44. The stock had a trading volume of 2,963,546 shares, compared to its average volume of 2,185,756. The company has a current ratio of 5.61, a quick ratio of 5.91 and a debt-to-equity ratio of 1.71. The firm's 50 day moving average is $43.10 and its 200 day moving average is $43.36. The firm has a market capitalization of $13.06 billion, a P/E ratio of 157.75, a P/E/G ratio of 8.67 and a beta of 0.78. UDR, Inc. has a one year low of $35.14 and a one year high of $47.55.

Remove Ads

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, beating 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%. On average, sell-side analysts forecast that UDR, Inc. will post 2.51 earnings per share for the current fiscal 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 issued a $0.43 dividend. The ex-dividend date of this dividend is Thursday, April 10th. This is a boost from UDR's previous quarterly dividend of $0.43. This represents a $1.72 dividend on an annualized basis and a dividend yield of 4.36%. UDR's dividend payout ratio is presently 688.00%.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on UDR shares. Evercore ISI boosted their price target on UDR from $43.00 to $45.00 and gave the company an "in-line" rating in a report on Monday, February 10th. Mizuho decreased their price objective on UDR from $47.00 to $45.00 and set a "neutral" rating for the company in a report on Monday, January 6th. Wells Fargo & Company dropped their target price on shares of UDR from $48.00 to $45.00 and set an "overweight" rating on the stock in a report on Friday, January 24th. Scotiabank increased their price target 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 cut shares of UDR from a "buy" rating to a "hold" rating and lifted their price target for the company from $45.00 to $46.00 in a research report on Monday, March 10th. One equities research analyst has rated the stock with a sell rating, eleven have assigned a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus price target of $46.12.

Insider Activity at UDR

In other news, CEO Thomas W. Toomey sold 25,000 shares of the business'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 completion of the sale, the chief executive officer now owns 824,716 shares in the company, valued at approximately $35,256,609. The trade was a 2.94 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 3.73% of the stock is currently owned by company 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.