88,695 Shares in UDR, Inc. (NYSE:UDR) Bought by New Age Alpha Advisors LLC

New Age Alpha Advisors LLC purchased a new position in UDR, Inc. (NYSE:UDR - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 88,695 shares of the real estate investment trust's stock, valued at approximately $3,850,000.

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

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Insider Buying and Selling

In other UDR news, CEO Thomas W. Toomey sold 25,000 shares of UDR stock in a transaction dated 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 transaction, the chief executive officer now owns 824,716 shares in the company, valued at $35,256,609. The trade was a 2.94 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 3.73% of the stock is currently owned by insiders.

Analyst Ratings Changes

UDR has been the subject of a number of recent research reports. Evercore ISI lifted their price objective on shares of UDR from $43.00 to $45.00 and gave the stock an "in-line" rating in a research note on Monday, February 10th. StockNews.com raised UDR from a "sell" rating to a "hold" rating in a research note on Thursday, February 6th. Royal Bank of Canada upped their price objective on UDR from $43.00 to $44.00 and gave the company a "sector perform" rating in a research report on Friday, February 7th. Zelman & Associates reiterated a "neutral" rating on shares of UDR in a report on Thursday, February 13th. Finally, Scotiabank increased 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. One equities research analyst has rated the stock with a sell rating, eleven have given a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus price target of $46.12.

UDR Trading Up 0.2 %

UDR traded up $0.07 during trading on Wednesday, hitting $45.24. 361,030 shares of the stock were exchanged, compared to its average volume of 2,012,785. 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 $14.98 billion, a price-to-earnings ratio of 180.96, a P/E/G ratio of 8.67 and a beta of 0.88. The firm has a 50 day simple moving average of $43.22 and a 200 day simple moving average of $43.72. 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 released its quarterly earnings data on Wednesday, February 5th. The real estate investment trust reported $0.63 earnings per share 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%. As a group, equities analysts expect 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. Investors of record on Thursday, April 10th will be issued a dividend of $0.43 per share. This represents a $1.72 annualized dividend and a yield of 3.80%. This is a positive change from UDR's previous quarterly dividend of $0.43. The ex-dividend date is Thursday, April 10th. UDR's dividend payout ratio (DPR) is presently 688.00%.

UDR 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.