Natixis Advisors LLC Decreases Stake in UDR, Inc. (NYSE:UDR)

Natixis Advisors LLC lowered its holdings in shares of UDR, Inc. (NYSE:UDR - Free Report) by 24.0% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 173,826 shares of the real estate investment trust's stock after selling 54,815 shares during the period. Natixis Advisors LLC owned approximately 0.05% of UDR worth $7,546,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in the business. Asset Management One Co. Ltd. grew its position 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 buying an additional 42,926 shares during the period. Principal Financial Group Inc. boosted 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 worth $22,249,000 after acquiring an additional 160,708 shares in the last quarter. JPMorgan Chase & Co. boosted its stake 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 worth $352,498,000 after acquiring an additional 368,087 shares in the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd grew its holdings in UDR by 7.0% in the fourth 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 purchasing an additional 6,217 shares during the period. Finally, Daiwa Securities Group Inc. increased its stake in UDR by 2.3% in the third quarter. Daiwa Securities Group Inc. now owns 7,109,980 shares of the real estate investment trust's stock valued at $322,366,000 after purchasing an additional 159,625 shares in the last quarter. 97.84% of the stock is currently owned by institutional investors.

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Insider Buying and Selling

In other news, CEO Thomas W. Toomey sold 25,000 shares of the 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 transaction, the chief executive officer now directly owns 824,716 shares of the company's stock, valued at $35,256,609. This represents a 2.94 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 3.73% of the stock is currently owned by corporate insiders.

UDR Stock Down 0.5 %

NYSE:UDR traded down $0.22 on Tuesday, hitting $44.09. The stock had a trading volume of 1,733,958 shares, compared to its average volume of 2,031,551. UDR, Inc. has a 1 year low of $35.14 and a 1 year high of $47.55. The firm's fifty day simple moving average is $42.82 and its two-hundred day simple moving average is $43.77. The stock has a market cap of $14.60 billion, a P/E ratio of 176.36, a price-to-earnings-growth 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 issued its quarterly earnings results on Wednesday, February 5th. The real estate investment trust reported $0.63 EPS for the quarter, topping 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%. Analysts predict that UDR, Inc. will post 2.51 earnings per share for the current year.

UDR Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 30th. Investors of record on Thursday, April 10th will be given a dividend of $0.43 per share. The ex-dividend date is Thursday, April 10th. This represents a $1.72 annualized dividend and a yield of 3.90%. This is a positive change from UDR's previous quarterly dividend of $0.43. UDR's dividend payout ratio is presently 688.00%.

Analyst Ratings Changes

A number of research firms have recently issued reports on UDR. Truist Financial cut shares of UDR from a "buy" rating to a "hold" rating and increased their price objective for the stock from $45.00 to $46.00 in a research report on Monday, March 10th. Zelman & Associates reissued a "neutral" rating on shares of UDR in a research note on Thursday, February 13th. Scotiabank boosted their price objective 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 increased their target price on UDR from $43.00 to $45.00 and gave the stock an "in-line" rating in a report on Monday, February 10th. Finally, Wells Fargo & Company reduced their price target on shares of UDR from $48.00 to $45.00 and set an "overweight" rating for the company 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 issued a buy rating to the company's stock. Based on data from MarketBeat.com, UDR presently has a consensus rating of "Hold" and an average target price of $46.12.

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.