Sumitomo Mitsui DS Asset Management Company Ltd Boosts Holdings in UDR, Inc. (NYSE:UDR)

Sumitomo Mitsui DS Asset Management Company Ltd lifted its position in shares of UDR, Inc. (NYSE:UDR - Free Report) by 7.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 95,344 shares of the real estate investment trust's stock after purchasing an additional 6,217 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd's holdings in UDR were worth $4,139,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in UDR. Activest Wealth Management bought a new stake in UDR during the third quarter valued at $27,000. Brooklyn Investment Group acquired a new stake in UDR in the third quarter worth about $33,000. Continuum Advisory LLC lifted its holdings in UDR by 5,335.3% in the 3rd quarter. Continuum Advisory LLC now owns 924 shares of the real estate investment trust's stock valued at $41,000 after acquiring an additional 907 shares during the last quarter. Mather Group LLC. raised its holdings in UDR by 58.2% during the 3rd quarter. Mather Group LLC. now owns 998 shares of the real estate investment trust's stock worth $45,000 after buying an additional 367 shares during the period. Finally, Salem Investment Counselors Inc. raised its holdings in 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 during the period. 97.84% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on the company. Wells Fargo & Company dropped their target price on UDR from $48.00 to $45.00 and set an "overweight" rating on the stock in a report on Friday, January 24th. Evercore ISI increased their price objective on UDR from $43.00 to $45.00 and gave the company an "in-line" rating in a research report on Monday. Barclays cut their target price on UDR from $50.00 to $48.00 and set an "overweight" rating for the company in a research note on Friday, January 24th. Scotiabank dropped their price objective on UDR from $49.00 to $48.00 and set a "sector perform" rating for the company in a research note on Thursday, November 14th. Finally, Royal Bank of Canada raised their target price on UDR from $43.00 to $44.00 and gave the company a "sector perform" rating in a research note on Friday, February 7th. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating and eight have issued a buy rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus price target of $46.12.

UDR Stock Down 0.4 %

Shares of NYSE:UDR traded down $0.19 during mid-day trading on Wednesday, hitting $42.56. 1,313,842 shares of the company traded hands, compared to its average volume of 1,968,668. The stock has a market cap of $14.04 billion, a P/E ratio of 170.24, a P/E/G ratio of 11.72 and a beta of 0.88. The stock has a 50-day moving average price of $42.56 and a two-hundred day moving average price of $43.48. The company has a current ratio of 1.32, a quick ratio of 5.91 and a debt-to-equity ratio of 1.71. UDR, Inc. has a 12-month low of $34.19 and a 12-month high of $47.55.

UDR (NYSE:UDR - Get Free Report) last released its quarterly earnings data on Wednesday, February 5th. The real estate investment trust reported $0.63 earnings per share (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%. On average, equities research analysts forecast that UDR, Inc. will post 2.51 earnings per share for the current year.

UDR Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, January 31st. Shareholders of record on Thursday, January 9th were given a dividend of $0.425 per share. This represents a $1.70 dividend on an annualized basis and a yield of 3.99%. The ex-dividend date was Friday, January 10th. UDR's payout ratio is 680.00%.

About UDR

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.