Partners in Financial Planning Purchases Shares of 12,368 UDR, Inc. (NYSE:UDR)

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

Other hedge funds have also recently added to or reduced their stakes in the company. Vanguard Group Inc. grew its holdings in shares of UDR by 0.4% during the 4th quarter. Vanguard Group Inc. now owns 50,809,731 shares of the real estate investment trust's stock worth $2,205,650,000 after purchasing an additional 180,551 shares in the last quarter. Norges Bank bought a new stake in UDR during the fourth quarter worth about $1,273,442,000. JPMorgan Chase & Co. grew 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 buying an additional 368,087 shares in the last quarter. Charles Schwab Investment Management Inc. increased its holdings in UDR by 2.2% in 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 during the period. Finally, PGGM Investments raised its position in shares of UDR by 7.8% in the 4th quarter. PGGM Investments now owns 3,163,812 shares of the real estate investment trust's stock valued at $137,341,000 after buying an additional 228,342 shares in the last quarter. Institutional investors own 97.84% of the company's stock.

Insider Activity

In related 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 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 filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 3.73% of the company's stock.

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UDR Trading Down 4.0 %

NYSE UDR traded down $1.84 on Thursday, reaching $43.53. The company had a trading volume of 2,538,499 shares, compared to its average volume of 2,177,374. The firm has a market cap of $14.41 billion, a price-to-earnings ratio of 174.61, a P/E/G ratio of 8.67 and a beta of 0.88. The company has a debt-to-equity ratio of 1.71, a current ratio of 5.61 and a quick ratio of 5.91. UDR, Inc. has a fifty-two week low of $35.14 and a fifty-two week high of $47.55. The business has a 50 day moving average of $43.32 and a two-hundred day moving average of $43.73.

UDR (NYSE:UDR - Get Free Report) last issued its quarterly earnings results 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%. Analysts forecast that UDR, Inc. will post 2.51 EPS for the current year.

UDR Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Thursday, April 10th will be given a $0.43 dividend. The ex-dividend date is Thursday, April 10th. This represents a $1.72 dividend on an annualized basis and a dividend yield of 3.95%. This is an increase from UDR's previous quarterly dividend of $0.43. UDR's payout ratio is 688.00%.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on the stock. Mizuho reduced their price target on shares of UDR from $47.00 to $45.00 and set a "neutral" rating on the stock in a research report on Monday, January 6th. Barclays reduced their target price on UDR from $50.00 to $48.00 and set an "overweight" rating on the stock in a report on Friday, January 24th. StockNews.com raised UDR from a "sell" rating to a "hold" rating in a report on Thursday, February 6th. Evercore ISI raised their price objective on UDR from $43.00 to $45.00 and gave the company an "in-line" rating in a research note on Monday, February 10th. Finally, Truist Financial cut shares of UDR from a "buy" rating to a "hold" rating and increased their target price for the stock from $45.00 to $46.00 in a report on Monday, March 10th. One investment 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's stock. According to MarketBeat.com, UDR has an average rating of "Hold" and a consensus price target of $46.12.

About UDR

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.