Proficio Capital Partners LLC bought a new stake in UDR, Inc. (NYSE:UDR - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm bought 63,639 shares of the real estate investment trust's stock, valued at approximately $2,763,000.
Several other institutional investors also recently bought and sold shares of UDR. Victory Capital Management Inc. boosted its stake in UDR by 1.6% in the third quarter. Victory Capital Management Inc. now owns 97,190 shares of the real estate investment trust's stock valued at $4,407,000 after acquiring an additional 1,537 shares in the last quarter. CIBC Asset Management Inc boosted its stake in UDR by 7.5% in the third quarter. CIBC Asset Management Inc now owns 44,637 shares of the real estate investment trust's stock valued at $2,024,000 after acquiring an additional 3,110 shares in the last quarter. Empowered Funds LLC boosted its stake in UDR by 7.1% in the third quarter. Empowered Funds LLC now owns 5,246 shares of the real estate investment trust's stock valued at $238,000 after acquiring an additional 350 shares in the last quarter. Natixis Advisors LLC boosted its stake in UDR by 1.2% in the third quarter. Natixis Advisors LLC now owns 228,641 shares of the real estate investment trust's stock valued at $10,367,000 after acquiring an additional 2,642 shares in the last quarter. Finally, Quest Partners LLC raised its holdings in shares of UDR by 471.5% in the third quarter. Quest Partners LLC now owns 5,206 shares of the real estate investment trust's stock worth $236,000 after buying an additional 4,295 shares during the last quarter. 97.84% of the stock is currently owned by institutional investors and hedge funds.
UDR Trading Down 0.6 %
Shares of UDR stock traded down $0.28 during mid-day trading on Friday, hitting $43.36. The stock had a trading volume of 3,840,256 shares, compared to its average volume of 2,030,074. The firm has a 50-day moving average of $42.75 and a two-hundred day moving average of $43.78. UDR, Inc. has a 12-month low of $35.14 and a 12-month high of $47.55. The company has a quick ratio of 5.91, a current ratio of 5.61 and a debt-to-equity ratio of 1.71. The firm has a market cap of $14.36 billion, a P/E ratio of 173.44, a price-to-earnings-growth ratio of 8.67 and a beta of 0.88.
UDR (NYSE:UDR - Get Free Report) last posted 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 net margin of 5.36% and a return on equity of 2.65%. Sell-side analysts forecast that UDR, Inc. will post 2.51 earnings per share for the current year.
UDR Increases Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Thursday, April 10th will be issued a $0.43 dividend. This is a positive change from UDR's previous quarterly dividend of $0.43. This represents a $1.72 annualized dividend and a dividend yield of 3.97%. The ex-dividend date of this dividend is Thursday, April 10th. UDR's dividend payout ratio is currently 688.00%.
Insider Transactions at UDR
In other news, CEO Thomas W. Toomey sold 25,000 shares of the company's stock in a transaction that occurred 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 directly owns 824,716 shares in the company, valued at approximately $35,256,609. This represents a 2.94 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Company insiders own 3.73% of the company's stock.
Analyst Ratings Changes
A number of research firms have issued reports on UDR. Truist Financial cut shares of UDR from a "buy" rating to a "hold" rating and raised their price target for the stock from $45.00 to $46.00 in a report on Monday, March 10th. Wells Fargo & Company reduced their target price on shares of UDR from $48.00 to $45.00 and set an "overweight" rating for the company in a report 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 report on Friday, February 14th. Zelman & Associates reissued a "neutral" rating on shares of UDR in a report on Thursday, February 13th. Finally, 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. One equities research analyst has rated the stock with a sell rating, eleven have issued a hold rating and seven have issued a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus target price of $46.12.
Read Our Latest Stock Analysis on UDR
UDR Profile
(
Free Report)
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.
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