Sterling Capital Management LLC Has $3.25 Million Holdings in UDR, Inc. (NYSE:UDR)

Sterling Capital Management LLC boosted its holdings in UDR, Inc. (NYSE:UDR - Free Report) by 9.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 74,813 shares of the real estate investment trust's stock after purchasing an additional 6,429 shares during the quarter. Sterling Capital Management LLC's holdings in UDR were worth $3,248,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in the business. Asset Management One Co. Ltd. grew its position in shares of UDR by 7.9% during the 4th quarter. Asset Management One Co. Ltd. now owns 587,772 shares of the real estate investment trust's stock valued at $25,515,000 after buying an additional 42,926 shares during the last quarter. Principal Financial Group Inc. boosted its stake in UDR by 45.7% in the fourth quarter. Principal Financial Group Inc. now owns 512,540 shares of the real estate investment trust's stock valued at $22,249,000 after acquiring an additional 160,708 shares during the period. JPMorgan Chase & Co. grew its holdings in shares of UDR by 5.0% during the third quarter. JPMorgan Chase & Co. now owns 7,774,541 shares of the real estate investment trust's stock valued at $352,498,000 after purchasing an additional 368,087 shares during the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd raised its position in shares of UDR by 7.0% during the 4th quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 95,344 shares of the real estate investment trust's stock worth $4,139,000 after purchasing an additional 6,217 shares during the period. Finally, Charles Schwab Investment Management Inc. raised its position in shares of UDR by 2.2% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 4,367,054 shares of the real estate investment trust's stock worth $189,574,000 after purchasing an additional 95,022 shares during the period. Institutional investors own 97.84% of the company's stock.

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Insider Buying and Selling at UDR

In other news, CEO Thomas W. Toomey sold 25,000 shares of the firm's stock in a transaction dated 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 directly owns 824,716 shares of the company's stock, valued at $35,256,609. This trade represents a 2.94 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 3.73% of the company's stock.

Wall Street Analyst Weigh In

A number of research analysts recently commented on the company. Wells Fargo & Company lowered their price objective on UDR from $48.00 to $45.00 and set an "overweight" rating for the company in a research note on Friday, January 24th. Scotiabank lifted their price objective on shares of UDR from $48.00 to $49.00 and gave the company a "sector perform" rating in a research report on Friday, February 14th. Barclays decreased their target price on shares of UDR from $50.00 to $48.00 and set an "overweight" rating for the company in a research report on Friday, January 24th. Jefferies Financial Group lowered UDR from a "buy" rating to a "hold" rating and lowered their price target for the company from $50.00 to $45.00 in a report on Thursday, January 2nd. Finally, StockNews.com raised UDR from a "sell" rating to a "hold" rating in a report on Thursday, February 6th. One 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. According to data from MarketBeat, UDR has an average rating of "Hold" and an average target price of $46.12.

UDR Stock Up 1.0 %

NYSE UDR traded up $0.40 during trading on Thursday, reaching $41.27. 2,197,554 shares of the company's stock were exchanged, compared to its average volume of 2,226,982. The company has a current ratio of 5.61, a quick ratio of 5.91 and a debt-to-equity ratio of 1.71. UDR, Inc. has a fifty-two week low of $35.14 and a fifty-two week high of $47.55. The company's fifty day simple moving average is $42.99 and its 200-day simple moving average is $43.29. The firm has a market capitalization of $13.67 billion, a PE ratio of 165.08, a P/E/G ratio of 8.67 and a beta of 0.78.

UDR (NYSE:UDR - Get Free Report) last announced its quarterly earnings data 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 net margin of 5.36% and a return on equity of 2.65%. Sell-side analysts predict that UDR, Inc. will post 2.51 EPS for the current year.

UDR Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 30th. Investors of record on Thursday, April 10th will be given a dividend of $0.43 per share. This is a boost from UDR's previous quarterly dividend of $0.43. The ex-dividend date is Thursday, April 10th. This represents a $1.72 dividend on an annualized basis and a yield of 4.17%. UDR's dividend payout ratio (DPR) is presently 688.00%.

UDR 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.