Swiss National Bank Sells 40,900 Shares of UDR, Inc. (NYSE:UDR)

Swiss National Bank trimmed its holdings in shares of UDR, Inc. (NYSE:UDR - Free Report) by 4.4% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 885,100 shares of the real estate investment trust's stock after selling 40,900 shares during the period. Swiss National Bank owned approximately 0.27% of UDR worth $38,422,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in the business. Activest Wealth Management purchased a new position in UDR in the 3rd quarter worth approximately $27,000. Brooklyn Investment Group purchased a new position in UDR in the 3rd quarter worth approximately $33,000. Continuum Advisory LLC raised 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 worth $41,000 after acquiring an additional 907 shares during the last quarter. Smartleaf Asset Management LLC raised its holdings in UDR by 68.7% in the 4th quarter. Smartleaf Asset Management LLC now owns 1,206 shares of the real estate investment trust's stock worth $52,000 after acquiring an additional 491 shares during the last quarter. Finally, Salem Investment Counselors Inc. raised its holdings in UDR by 62.7% in the 4th quarter. Salem Investment Counselors Inc. now owns 1,349 shares of the real estate investment trust's stock worth $59,000 after acquiring an additional 520 shares during the last quarter. 97.84% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

UDR has been the subject of a number of recent analyst reports. Zelman & Associates restated a "neutral" rating on shares of UDR in a report on Thursday, February 13th. Jefferies Financial Group lowered shares of UDR from a "buy" rating to a "hold" rating and decreased their target price for the company from $50.00 to $45.00 in a research note on Thursday, January 2nd. StockNews.com upgraded shares of UDR from a "sell" rating to a "hold" rating in a research note on Thursday, February 6th. Wells Fargo & Company decreased their target price on shares of UDR from $48.00 to $45.00 and set an "overweight" rating for the company in a research note on Friday, January 24th. Finally, Truist Financial lowered shares of UDR from a "buy" rating to a "hold" rating and boosted their target price for the company from $45.00 to $46.00 in a research note on Monday, March 10th. One analyst has rated the stock with a sell rating, eleven have issued a hold rating and seven have given a buy rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Hold" and an average price target of $46.12.

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UDR Price Performance

UDR stock traded up $0.07 during trading on Thursday, reaching $43.64. The company's stock had a trading volume of 1,710,278 shares, compared to its average volume of 2,024,843. UDR, Inc. has a 1 year low of $35.14 and a 1 year high of $47.55. The company has a quick ratio of 5.91, a current ratio of 5.61 and a debt-to-equity ratio of 1.71. The company has a market capitalization of $14.45 billion, a P/E ratio of 174.58, a price-to-earnings-growth ratio of 8.67 and a beta of 0.88. The company's fifty day moving average is $42.64 and its 200-day moving average is $43.79.

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

UDR Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Thursday, April 10th will be given a dividend of $0.43 per share. This is a positive change 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 dividend yield of 3.94%. UDR's dividend payout ratio (DPR) is presently 688.00%.

Insider Activity

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 transaction, the chief executive officer now owns 824,716 shares in the company, valued at $35,256,609. This trade represents a 2.94 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Company insiders own 3.73% of the company's stock.

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.