Partners in Financial Planning Makes New Investment in UDR, Inc. (NYSE:UDR)

Partners in Financial Planning acquired a new position in UDR, Inc. (NYSE:UDR - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 12,368 shares of the real estate investment trust's stock, valued at approximately $537,000.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Asset Management One Co. Ltd. increased its holdings in 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 acquiring 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 valued at $22,249,000 after buying an additional 160,708 shares during the period. JPMorgan Chase & Co. grew its position 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 buying an additional 368,087 shares in the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd increased its position in shares of 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 last quarter. Finally, Charles Schwab Investment Management Inc. raised its position in shares of UDR by 2.2% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 4,367,054 shares of the real estate investment trust's stock valued at $189,574,000 after buying an additional 95,022 shares in the last quarter. 97.84% of the stock is owned by hedge funds and other institutional investors.

UDR Trading Down 7.4 %

NYSE:UDR traded down $3.24 on Friday, reaching $40.46. The company's stock had a trading volume of 4,180,867 shares, compared to its average volume of 2,193,359. UDR, Inc. has a 12-month low of $35.14 and a 12-month high of $47.55. The stock has a 50 day moving average price of $43.38 and a 200 day moving average price of $43.69. The firm has a market cap of $13.40 billion, a price-to-earnings ratio of 161.84, a price-to-earnings-growth ratio of 8.67 and a beta of 0.88. 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 (NYSE:UDR - Get Free Report) last issued its quarterly earnings data on Wednesday, February 5th. The real estate investment trust reported $0.63 EPS for the quarter, topping the consensus estimate of $0.10 by $0.53. UDR had a net margin of 5.36% and a return on equity of 2.65%. On average, equities analysts anticipate that UDR, Inc. will post 2.51 EPS for the current fiscal year.

UDR Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Thursday, April 10th will be given a dividend of $0.43 per share. This is a boost from UDR's previous quarterly dividend of $0.43. This represents a $1.72 annualized dividend and a dividend yield of 4.25%. The ex-dividend date of this dividend is Thursday, April 10th. UDR's payout ratio is 688.00%.

Insiders Place Their Bets

In other news, CEO Thomas W. Toomey sold 25,000 shares of the 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 completion of the sale, the chief executive officer now directly owns 824,716 shares of the company's stock, valued at approximately $35,256,609. This represents a 2.94 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 3.73% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on the stock. Evercore ISI lifted their target price on shares of UDR from $43.00 to $45.00 and gave the stock an "in-line" rating in a research report on Monday, February 10th. Barclays decreased their price objective on shares of UDR from $50.00 to $48.00 and set an "overweight" rating for the company in a report on Friday, January 24th. StockNews.com raised shares of UDR from a "sell" rating to a "hold" rating in a report on Thursday, February 6th. Truist Financial cut UDR from a "buy" rating to a "hold" rating and raised their target price for the stock from $45.00 to $46.00 in a research report on Monday, March 10th. Finally, Scotiabank boosted their price objective on shares of UDR from $48.00 to $49.00 and gave the company a "sector perform" rating in a research report on Friday, February 14th. One analyst has rated the stock with a sell rating, eleven have assigned a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat.com, UDR currently has a consensus rating of "Hold" and an average target price of $46.12.

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.