New York Life Investment Management LLC Sells 41,535 Shares of UDR, Inc. (NYSE:UDR)

New York Life Investment Management LLC lessened its stake in shares of UDR, Inc. (NYSE:UDR - Free Report) by 36.1% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 73,374 shares of the real estate investment trust's stock after selling 41,535 shares during the quarter. New York Life Investment Management LLC's holdings in UDR were worth $3,185,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the stock. International Assets Investment Management LLC boosted its holdings in shares of UDR by 4,436.2% in the third quarter. International Assets Investment Management LLC now owns 44,228 shares of the real estate investment trust's stock worth $2,005,000 after buying an additional 43,253 shares during the last quarter. Wealth Enhancement Advisory Services LLC raised its stake in UDR by 17.8% during the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 9,242 shares of the real estate investment trust's stock worth $419,000 after acquiring an additional 1,395 shares during the period. abrdn plc raised its stake in UDR by 2.5% during the 3rd quarter. abrdn plc now owns 196,115 shares of the real estate investment trust's stock worth $8,897,000 after acquiring an additional 4,850 shares during the period. New York State Teachers Retirement System raised its stake in UDR by 0.8% during the 3rd quarter. New York State Teachers Retirement System now owns 301,951 shares of the real estate investment trust's stock worth $13,690,000 after acquiring an additional 2,345 shares during the period. Finally, Van ECK Associates Corp raised its stake in UDR by 9.1% during the 3rd quarter. Van ECK Associates Corp now owns 141,816 shares of the real estate investment trust's stock worth $6,341,000 after acquiring an additional 11,838 shares during the period. Hedge funds and other institutional investors own 97.84% of the company's stock.

UDR Price Performance

UDR stock traded up $0.90 during mid-day trading on Monday, reaching $46.08. 2,104,983 shares of the company's stock traded hands, compared to its average volume of 2,049,535. The company has a market cap of $15.26 billion, a price-to-earnings ratio of 184.32, a PEG ratio of 8.67 and a beta of 0.88. The stock has a 50 day moving average of $42.37 and a two-hundred day moving average of $43.72. The company has a quick ratio of 5.91, a current ratio of 5.61 and a debt-to-equity ratio of 1.71. UDR, Inc. has a 12-month low of $35.14 and a 12-month high of $47.55.

UDR (NYSE:UDR - Get Free Report) last released its quarterly earnings results on Wednesday, February 5th. The real estate investment trust reported $0.63 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.10 by $0.53. UDR had a net margin of 5.36% and a return on equity of 2.65%. Equities analysts forecast that UDR, Inc. will post 2.51 earnings per share for the current year.

UDR Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, January 31st. Investors of record on Thursday, January 9th were paid a dividend of $0.425 per share. This represents a $1.70 dividend on an annualized basis and a yield of 3.69%. The ex-dividend date of this dividend was Friday, January 10th. UDR's payout ratio is 680.00%.

Insider Buying and Selling at UDR

In other UDR news, CEO Thomas W. Toomey sold 25,000 shares of the business's stock in a transaction 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 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 legal filing with the SEC, which is available at this link. Company insiders own 3.73% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research firms have commented on UDR. Royal Bank of Canada raised their target price on shares of UDR from $43.00 to $44.00 and gave the stock a "sector perform" rating in a research note on Friday, February 7th. Mizuho decreased their target price on shares of UDR from $47.00 to $45.00 and set a "neutral" rating on the stock in a research note on Monday, January 6th. Wells Fargo & Company decreased their target price on shares of UDR from $48.00 to $45.00 and set an "overweight" rating on the stock in a research note on Friday, January 24th. Scotiabank raised their target price 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, Jefferies Financial Group cut shares of UDR from a "buy" rating to a "hold" rating and reduced their price objective for the company from $50.00 to $45.00 in a research report on Thursday, January 2nd. One analyst has rated the stock with a sell rating, ten have given a hold rating and eight have issued a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Hold" and an average target price of $46.18.

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.