Sumitomo Mitsui Trust Group Inc. Decreases Stock Holdings in UDR, Inc. (NYSE:UDR)

Sumitomo Mitsui Trust Group Inc. trimmed its position in UDR, Inc. (NYSE:UDR - Free Report) by 5.1% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 2,150,487 shares of the real estate investment trust's stock after selling 115,698 shares during the quarter. Sumitomo Mitsui Trust Group Inc. owned approximately 0.65% of UDR worth $93,353,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently modified their holdings of the company. International Assets Investment Management LLC raised its holdings in shares of UDR by 4,436.2% in the 3rd quarter. International Assets Investment Management LLC now owns 44,228 shares of the real estate investment trust's stock valued at $2,005,000 after purchasing an additional 43,253 shares during the period. Los Angeles Capital Management LLC raised its holdings in shares of UDR by 1,665.3% in the 3rd quarter. Los Angeles Capital Management LLC now owns 369,448 shares of the real estate investment trust's stock valued at $16,751,000 after purchasing an additional 348,520 shares during the period. MQS Management LLC bought a new stake in shares of UDR in the 3rd quarter valued at about $712,000. JPMorgan Chase & Co. raised its holdings in shares of UDR by 5.0% in the 3rd 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 period. Finally, Daiwa Securities Group Inc. raised its holdings in UDR by 2.3% in the 3rd quarter. Daiwa Securities Group Inc. now owns 7,109,980 shares of the real estate investment trust's stock valued at $322,366,000 after acquiring an additional 159,625 shares during the period. 97.84% of the stock is owned by institutional investors.

Analyst Ratings Changes

UDR has been the topic of several research analyst reports. Scotiabank lowered their price target on shares of UDR from $49.00 to $48.00 and set a "sector perform" rating on the stock in a report on Thursday, November 14th. StockNews.com raised shares of UDR from a "sell" rating to a "hold" rating in a report on Thursday, February 6th. Wells Fargo & Company lowered their price target on shares of UDR from $48.00 to $45.00 and set an "overweight" rating on the stock in a report on Friday, January 24th. Barclays decreased their target price on shares of UDR from $50.00 to $48.00 and set an "overweight" rating on the stock in a research report on Friday, January 24th. Finally, Royal Bank of Canada increased their target price on shares of UDR from $43.00 to $44.00 and gave the stock a "sector perform" rating in a research report on Friday, February 7th. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating and eight have assigned a buy rating to the company's stock. According to MarketBeat.com, UDR has a consensus rating of "Hold" and a consensus target price of $46.12.

UDR Trading Down 0.4 %

UDR traded down $0.19 during trading on Wednesday, hitting $42.56. 1,313,842 shares of the stock traded hands, compared to its average volume of 1,968,668. The firm has a 50-day moving average of $42.56 and a 200 day moving average of $43.48. UDR, Inc. has a 12-month low of $34.19 and a 12-month high of $47.55. The company has a debt-to-equity ratio of 1.71, a current ratio of 1.32 and a quick ratio of 5.91. The firm has a market capitalization of $14.04 billion, a P/E ratio of 170.24, a price-to-earnings-growth ratio of 11.72 and a beta of 0.88.

UDR (NYSE:UDR - Get Free Report) last posted its earnings results on Wednesday, February 5th. The real estate investment trust reported $0.63 EPS for the quarter, topping the consensus estimate of $0.10 by $0.53. UDR had a net margin of 5.36% and a return on equity of 2.65%. Equities research analysts anticipate that UDR, Inc. will post 2.51 EPS for the current year.

UDR Dividend Announcement

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

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.