Royal London Asset Management Ltd. Acquires 12,648 Shares of UDR, Inc. (NYSE:UDR)

Royal London Asset Management Ltd. grew its stake in shares of UDR, Inc. (NYSE:UDR - Free Report) by 7.9% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 173,426 shares of the real estate investment trust's stock after buying an additional 12,648 shares during the period. Royal London Asset Management Ltd. owned approximately 0.05% of UDR worth $7,528,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. 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 worth $238,000 after buying an additional 350 shares during the period. Quest Partners LLC raised its position in shares of UDR by 471.5% during the third quarter. Quest Partners LLC now owns 5,206 shares of the real estate investment trust's stock worth $236,000 after purchasing an additional 4,295 shares during the period. B. Metzler seel. Sohn & Co. Holding AG bought a new position in shares of UDR during the 3rd quarter valued at about $360,000. PNC Financial Services Group Inc. grew its position in shares of UDR by 1.8% in the 3rd quarter. PNC Financial Services Group Inc. now owns 37,082 shares of the real estate investment trust's stock valued at $1,681,000 after purchasing an additional 650 shares during the period. Finally, BNP PARIBAS ASSET MANAGEMENT Holding S.A. grew its position in shares of UDR by 27.2% in the 3rd quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 199,465 shares of the real estate investment trust's stock valued at $9,044,000 after purchasing an additional 42,633 shares during the period. 97.84% of the stock is owned by institutional investors.

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UDR Stock Performance

NYSE UDR traded down $0.11 during trading on Thursday, reaching $44.24. 1,467,650 shares of the company's stock were exchanged, compared to its average volume of 2,030,312. The company has a debt-to-equity ratio of 1.71, a current ratio of 5.61 and a quick ratio of 5.91. The business has a 50 day moving average price of $42.94 and a 200-day moving average price of $43.77. The stock has a market capitalization of $14.65 billion, a P/E ratio of 176.94, a PEG ratio of 8.67 and a beta of 0.88. UDR, Inc. has a fifty-two week low of $35.14 and a fifty-two week high of $47.55.

UDR (NYSE:UDR - Get Free Report) last announced its quarterly earnings results on Wednesday, February 5th. The real estate investment trust reported $0.63 earnings per share (EPS) 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%. Sell-side analysts forecast that UDR, Inc. will post 2.51 earnings per share for the current fiscal year.

UDR Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 30th. Shareholders of record on Thursday, April 10th will be given a dividend of $0.43 per share. The ex-dividend date of this dividend is Thursday, April 10th. This is an increase from UDR's previous quarterly dividend of $0.43. This represents a $1.72 annualized dividend and a yield of 3.89%. UDR's dividend payout ratio (DPR) is 688.00%.

Insider Transactions at UDR

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 transaction of $1,068,750.00. Following the transaction, the chief executive officer now owns 824,716 shares in the company, valued at approximately $35,256,609. This trade represents a 2.94 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 3.73% of the company's stock.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on UDR shares. Wells Fargo & Company reduced their price target 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. Zelman & Associates reaffirmed a "neutral" rating on shares of UDR in a research note on Thursday, February 13th. Mizuho dropped their price target on UDR from $47.00 to $45.00 and set a "neutral" rating on the stock in a research note on Monday, January 6th. Evercore ISI upped their price objective on UDR from $43.00 to $45.00 and gave the stock an "in-line" rating in a research report on Monday, February 10th. Finally, StockNews.com raised UDR from a "sell" rating to a "hold" rating in a research report on Thursday, February 6th. One research analyst has rated the stock with a sell rating, eleven have issued a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat, UDR has a consensus rating of "Hold" and a consensus target price of $46.12.

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.