UDR, Inc. (NYSE:UDR) Shares Sold by Russell Investments Group Ltd.

Russell Investments Group Ltd. reduced its stake in UDR, Inc. (NYSE:UDR - Free Report) by 28.5% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 902,680 shares of the real estate investment trust's stock after selling 360,120 shares during the period. Russell Investments Group Ltd. owned about 0.27% of UDR worth $39,185,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Wells Fargo & Company MN raised its holdings in UDR by 3.5% in the 4th quarter. Wells Fargo & Company MN now owns 81,458 shares of the real estate investment trust's stock worth $3,536,000 after purchasing an additional 2,737 shares in the last quarter. Resona Asset Management Co. Ltd. bought a new stake in shares of UDR during the fourth quarter valued at approximately $7,226,000. Landscape Capital Management L.L.C. increased its holdings in shares of UDR by 131.7% in the 4th quarter. Landscape Capital Management L.L.C. now owns 17,044 shares of the real estate investment trust's stock worth $740,000 after purchasing an additional 9,689 shares in the last quarter. Atlas Capital Advisors Inc. bought a new stake in UDR in the 4th quarter worth about $114,000. Finally, Headlands Technologies LLC raised its holdings in shares of UDR by 32.9% during the fourth quarter. Headlands Technologies LLC now owns 17,994 shares of the real estate investment trust's stock valued at $781,000 after purchasing an additional 4,458 shares during the last quarter. 97.84% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other UDR news, CEO Thomas W. Toomey sold 25,000 shares of UDR stock in a transaction that occurred on Thursday, February 20th. The shares were sold at an average price of $42.75, for a total transaction of $1,068,750.00. Following the completion of the sale, the chief executive officer now directly owns 824,716 shares in the company, valued at approximately $35,256,609. The trade was a 2.94 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. 3.73% of the stock is currently owned by insiders.

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UDR Stock Up 0.1 %

Shares of UDR traded up $0.03 during mid-day trading on Friday, hitting $39.44. The company's stock had a trading volume of 2,963,546 shares, compared to its average volume of 2,185,756. The firm has a market capitalization of $13.06 billion, a price-to-earnings ratio of 157.75, a PEG ratio of 8.67 and a beta of 0.78. UDR, Inc. has a 52-week low of $35.14 and a 52-week high of $47.55. The company has a current ratio of 5.61, a quick ratio of 5.91 and a debt-to-equity ratio of 1.71. The company's 50-day moving average is $43.10 and its 200-day moving average is $43.36.

UDR (NYSE:UDR - Get Free Report) last announced its 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 net margin of 5.36% and a return on equity of 2.65%. On average, equities research analysts forecast that UDR, Inc. will post 2.51 EPS for the current fiscal 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 paid a dividend of $0.43 per share. This is an increase from UDR's previous quarterly dividend of $0.43. This represents a $1.72 annualized dividend and a dividend yield of 4.36%. The ex-dividend date of this dividend is Thursday, April 10th. UDR's payout ratio is presently 688.00%.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on UDR. Truist Financial downgraded UDR from a "buy" rating to a "hold" rating and increased their target price for the company from $45.00 to $46.00 in a report on Monday, March 10th. Zelman & Associates restated a "neutral" rating on shares of UDR in a research note on Thursday, February 13th. Jefferies Financial Group downgraded shares of UDR from a "buy" rating to a "hold" rating and dropped their price objective for the company from $50.00 to $45.00 in a report on Thursday, January 2nd. Barclays cut their target price on shares of UDR from $50.00 to $48.00 and set an "overweight" rating for the company in a report on Friday, January 24th. Finally, StockNews.com raised UDR from a "sell" rating to a "hold" rating in a research note on Thursday, February 6th. One equities research analyst has rated the stock with a sell rating, eleven have given a hold rating and seven have given a buy rating to the company's stock. According to data from MarketBeat, UDR presently has an average rating of "Hold" and a consensus price target 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.