PGGM Investments Acquires 228,342 Shares of UDR, Inc. (NYSE:UDR)

PGGM Investments lifted its holdings in UDR, Inc. (NYSE:UDR - Free Report) by 7.8% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,163,812 shares of the real estate investment trust's stock after purchasing an additional 228,342 shares during the quarter. UDR accounts for about 1.8% of PGGM Investments' investment portfolio, making the stock its 14th biggest holding. PGGM Investments owned 0.96% of UDR worth $137,341,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of UDR. Exchange Traded Concepts LLC lifted its position in 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 valued at $145,000 after purchasing an additional 269 shares during the period. Empowered Funds LLC raised its stake in UDR by 7.1% during the 3rd quarter. Empowered Funds LLC now owns 5,246 shares of the real estate investment trust's stock valued at $238,000 after buying an additional 350 shares during the last quarter. Smartleaf Asset Management LLC lifted 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 valued at $52,000 after buying an additional 491 shares during the period. IRON Financial LLC boosted its stake in shares of UDR by 3.0% in the 4th quarter. IRON Financial LLC now owns 17,674 shares of the real estate investment trust's stock worth $767,000 after buying an additional 511 shares during the last quarter. Finally, 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 worth $59,000 after acquiring an additional 520 shares during the period. Hedge funds and other institutional investors own 97.84% of the company's stock.

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Analyst Upgrades and Downgrades

A number of research firms have weighed in on UDR. Royal Bank of Canada increased their target price on UDR from $43.00 to $44.00 and gave the company a "sector perform" rating in a report on Friday, February 7th. Wells Fargo & Company lowered their price objective 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. Zelman & Associates restated a "neutral" rating on shares of UDR in a research report on Thursday, February 13th. Mizuho reduced their target price on shares of UDR from $47.00 to $45.00 and set a "neutral" rating for the company in a report on Monday, January 6th. Finally, Truist Financial cut shares of UDR from a "buy" rating to a "hold" rating and lifted their price target for the stock from $45.00 to $46.00 in a research note on Monday, March 10th. One equities research analyst has rated the stock with a sell rating, eleven have assigned a hold rating and seven have issued a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Hold" and an average target price of $46.12.

Insider Buying and Selling at UDR

In related 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 transaction of $1,068,750.00. Following the completion of the transaction, 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 3.73% of the stock is currently owned by insiders.

UDR Price Performance

Shares of UDR stock traded up $0.58 during trading hours on Monday, hitting $43.88. The company's stock had a trading volume of 1,626,918 shares, compared to its average volume of 2,017,810. The company has a market cap of $14.53 billion, a PE ratio of 175.50, a PEG ratio of 8.67 and a beta of 0.88. The company has a debt-to-equity ratio of 1.71, a quick ratio of 5.91 and a current ratio of 5.61. The business has a 50 day moving average price of $42.49 and a two-hundred day moving average price of $43.80. 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 posted its quarterly earnings results on Wednesday, February 5th. The real estate investment trust reported $0.63 EPS for the quarter, topping analysts' consensus estimates of $0.10 by $0.53. UDR had a return on equity of 2.65% and a net margin of 5.36%. Analysts expect that UDR, Inc. will post 2.51 earnings per share for the current fiscal year.

UDR Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 30th. Investors of record on Thursday, April 10th will be paid a dividend of $0.43 per share. This represents a $1.72 annualized dividend and a yield of 3.92%. This is a boost from UDR's previous quarterly dividend of $0.43. The ex-dividend date of this dividend is Thursday, April 10th. UDR's dividend payout ratio (DPR) is presently 688.00%.

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.