Schroder Investment Management Group Purchases 67,288 Shares of UDR, Inc. (NYSE:UDR)

Schroder Investment Management Group grew its stake in shares of UDR, Inc. (NYSE:UDR - Free Report) by 7.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 962,310 shares of the real estate investment trust's stock after purchasing an additional 67,288 shares during the quarter. Schroder Investment Management Group owned approximately 0.29% of UDR worth $41,447,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Continuum Advisory LLC raised its holdings in shares of UDR by 5,335.3% during the third quarter. Continuum Advisory LLC now owns 924 shares of the real estate investment trust's stock valued at $41,000 after buying an additional 907 shares during the last quarter. Smartleaf Asset Management LLC increased its stake in 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. Salem Investment Counselors Inc. raised its position in shares of UDR by 62.7% during the 4th quarter. Salem Investment Counselors Inc. now owns 1,349 shares of the real estate investment trust's stock worth $59,000 after buying an additional 520 shares in the last quarter. Catalyst Capital Advisors LLC acquired a new stake in shares of UDR in the 4th quarter worth approximately $63,000. Finally, Eastern Bank bought a new position in shares of UDR in the fourth quarter valued at approximately $68,000. 97.84% of the stock is currently owned by institutional investors and hedge funds.

UDR Stock Down 3.7 %

Shares of UDR traded down $1.70 during mid-day trading on Thursday, reaching $43.67. The company's stock had a trading volume of 3,994,164 shares, compared to its average volume of 2,183,878. The company has a quick ratio of 5.91, a current ratio of 5.61 and a debt-to-equity ratio of 1.71. UDR, Inc. has a 1 year low of $35.14 and a 1 year high of $47.55. The business has a fifty day moving average of $43.32 and a 200 day moving average of $43.73. The company has a market cap of $14.46 billion, a price-to-earnings ratio of 174.66, a price-to-earnings-growth ratio of 8.67 and a beta of 0.88.

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

UDR Increases Dividend

The business also recently declared 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 represents a $1.72 annualized dividend and a dividend yield of 3.94%. The ex-dividend date is Thursday, April 10th. This is an increase from UDR's previous quarterly dividend of $0.43. UDR's dividend payout ratio is 688.00%.

Insider Activity

In other UDR news, CEO Thomas W. Toomey sold 25,000 shares of the company's 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 sale, the chief executive officer now owns 824,716 shares of the company's stock, valued at $35,256,609. This 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 available through the SEC website. 3.73% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of equities research analysts have weighed in on the company. Wells Fargo & Company cut their target price on UDR from $48.00 to $45.00 and set an "overweight" rating for the company in a research report on Friday, January 24th. Scotiabank upped their price objective on UDR from $48.00 to $49.00 and gave the company a "sector perform" rating in a report on Friday, February 14th. StockNews.com raised UDR from a "sell" rating to a "hold" rating in a report on Thursday, February 6th. Evercore ISI upped their price target on shares of UDR from $43.00 to $45.00 and gave the company an "in-line" rating in a report on Monday, February 10th. Finally, Truist Financial downgraded shares of UDR from a "buy" rating to a "hold" rating and boosted their target price for the stock from $45.00 to $46.00 in a report on Monday, March 10th. One analyst has rated the stock with a sell rating, eleven have given a hold rating and seven have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the company currently has an average 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.