Pensionfund DSM Netherlands Sells 17,000 Shares of UDR, Inc. (NYSE:UDR)

Pensionfund DSM Netherlands lessened its position in UDR, Inc. (NYSE:UDR - Free Report) by 23.4% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 55,605 shares of the real estate investment trust's stock after selling 17,000 shares during the quarter. UDR makes up about 1.5% of Pensionfund DSM Netherlands' portfolio, making the stock its 22nd biggest position. Pensionfund DSM Netherlands' holdings in UDR were worth $2,414,000 at the end of the most recent reporting period.

Several other institutional investors have also recently bought and sold shares of UDR. FMR LLC raised its holdings in shares of UDR by 14.8% in the third quarter. FMR LLC now owns 11,401,026 shares of the real estate investment trust's stock valued at $516,923,000 after purchasing an additional 1,471,855 shares during the last quarter. JPMorgan Chase & Co. grew its position in UDR by 5.0% in the third quarter. JPMorgan Chase & Co. now owns 7,774,541 shares of the real estate investment trust's stock valued at $352,498,000 after purchasing an additional 368,087 shares in the last quarter. Daiwa Securities Group Inc. increased its stake in UDR by 2.3% in the 3rd 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 buying an additional 159,625 shares during the last quarter. Dimensional Fund Advisors LP increased its stake in UDR by 2.2% in the 2nd quarter. Dimensional Fund Advisors LP now owns 4,732,429 shares of the real estate investment trust's stock valued at $194,737,000 after buying an additional 103,384 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its position in UDR by 2.8% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 4,272,032 shares of the real estate investment trust's stock worth $193,694,000 after buying an additional 117,213 shares in the last quarter. Institutional investors own 97.84% of the company's stock.

Analyst Ratings Changes

A number of analysts recently issued reports on the company. BNP Paribas assumed coverage on UDR in a research report on Wednesday, September 11th. They issued an "outperform" rating and a $49.00 target price on the stock. Barclays assumed coverage on UDR in a research report on Tuesday, December 17th. They set an "overweight" rating and a $50.00 price target on the stock. Mizuho cut their price objective on UDR from $47.00 to $45.00 and set a "neutral" rating for the company in a report on Monday. Deutsche Bank Aktiengesellschaft raised their target price on shares of UDR from $40.00 to $44.00 and gave the company a "hold" rating in a research note on Tuesday, September 10th. Finally, Evercore ISI upped their target price on shares of UDR from $42.00 to $43.00 and gave the company an "in-line" rating in a report on Monday, September 9th. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating and eight have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and an average price target of $46.35.

UDR Stock Performance

Shares of UDR stock traded down $1.67 during trading on Monday, reaching $41.41. The company's stock had a trading volume of 3,292,854 shares, compared to its average volume of 2,518,018. The company has a quick ratio of 5.91, a current ratio of 5.91 and a debt-to-equity ratio of 1.69. The business's 50-day moving average price is $44.13 and its 200-day moving average price is $43.40. UDR, Inc. has a 52 week low of $34.19 and a 52 week high of $47.55. The firm has a market cap of $13.66 billion, a PE ratio of 111.92, a P/E/G ratio of 12.34 and a beta of 0.87.

UDR Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, January 31st. Stockholders of record on Thursday, January 9th will be given a $0.425 dividend. The ex-dividend date of this dividend is Friday, January 10th. This represents a $1.70 dividend on an annualized basis and a dividend yield of 4.11%. UDR's payout ratio is 459.46%.

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.