National Bank of Canada FI trimmed its holdings in shares of UDR, Inc. (NYSE:UDR - Free Report) by 27.8% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 140,417 shares of the real estate investment trust's stock after selling 54,100 shares during the quarter. National Bank of Canada FI's holdings in UDR were worth $6,096,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other institutional investors have also added to or reduced their stakes in UDR. Norges Bank bought a new position in shares of UDR during the 4th quarter valued at about $1,273,442,000. Prudential Financial Inc. raised its stake in shares of UDR by 24.2% during the fourth quarter. Prudential Financial Inc. now owns 2,989,563 shares of the real estate investment trust's stock worth $129,777,000 after acquiring an additional 583,126 shares in the last quarter. Raymond James Financial Inc. bought a new stake in shares of UDR in the 4th quarter worth approximately $22,662,000. JPMorgan Chase & Co. boosted its stake in shares of UDR by 5.0% in the 3rd 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 in the last quarter. Finally, Amundi grew its holdings in shares of UDR by 22.8% during the 4th quarter. Amundi now owns 1,655,179 shares of the real estate investment trust's stock valued at $68,226,000 after purchasing an additional 307,823 shares during the last quarter. 97.84% of the stock is currently owned by institutional investors.
UDR Stock Up 0.1 %
Shares of UDR stock traded up $0.03 during midday trading on Friday, reaching $39.44. 2,963,546 shares of the stock were exchanged, compared to its average volume of 2,189,898. 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 1 year low of $35.14 and a 1 year high of $47.55. The firm has a market cap of $13.06 billion, a PE ratio of 157.75, a price-to-earnings-growth ratio of 8.67 and a beta of 0.78. The company's 50 day moving average is $43.10 and its two-hundred day moving average is $43.37.
UDR (NYSE:UDR - Get Free Report) last announced its quarterly earnings data on Wednesday, February 5th. The real estate investment trust reported $0.63 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, equities research analysts predict that UDR, Inc. will post 2.51 EPS for the current year.
UDR Increases Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 30th. Shareholders of record on Thursday, April 10th will be issued a $0.43 dividend. This represents a $1.72 dividend on an annualized basis and a yield of 4.36%. The ex-dividend date of this dividend is Thursday, April 10th. This is a boost from UDR's previous quarterly dividend of $0.43. UDR's dividend payout ratio is 688.00%.
Insider Buying and Selling at UDR
In related news, CEO Thomas W. Toomey sold 25,000 shares of the company's stock in a transaction that occurred on Thursday, February 20th. The stock was sold at an average price of $42.75, for a total value of $1,068,750.00. Following the sale, the chief executive officer now owns 824,716 shares in the company, valued at $35,256,609. This represents a 2.94 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Insiders own 3.73% of the company's stock.
Analysts Set New Price Targets
Several research firms have weighed in on UDR. StockNews.com raised shares of UDR from a "sell" rating to a "hold" rating in a research note on Thursday, February 6th. Jefferies Financial Group lowered UDR from a "buy" rating to a "hold" rating and lowered their target price for the company from $50.00 to $45.00 in a research note on Thursday, January 2nd. Barclays reduced their price target on UDR from $50.00 to $48.00 and set an "overweight" rating on the stock in a research report on Friday, January 24th. Wells Fargo & Company lowered their price objective on UDR from $48.00 to $45.00 and set an "overweight" rating for the company in a research report on Friday, January 24th. Finally, Truist Financial lowered UDR from a "buy" rating to a "hold" rating and increased their price objective for the company from $45.00 to $46.00 in a research note on Monday, March 10th. One 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 data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average target price of $46.12.
Get Our Latest Research Report on UDR
UDR Company Profile
(
Free Report)
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.
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