Tredje AP fonden Sells 24,988 Shares of UDR, Inc. (NYSE:UDR)

Tredje AP fonden decreased its holdings in shares of UDR, Inc. (NYSE:UDR - Free Report) by 50.0% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 24,988 shares of the real estate investment trust's stock after selling 24,988 shares during the period. Tredje AP fonden's holdings in UDR were worth $1,085,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in UDR. FMR LLC boosted its holdings in UDR by 14.8% in the third quarter. FMR LLC now owns 11,401,026 shares of the real estate investment trust's stock worth $516,923,000 after acquiring an additional 1,471,855 shares in the last quarter. JPMorgan Chase & Co. boosted its holdings in UDR by 5.0% in the third quarter. JPMorgan Chase & Co. now owns 7,774,541 shares of the real estate investment trust's stock worth $352,498,000 after acquiring an additional 368,087 shares in the last quarter. Daiwa Securities Group Inc. boosted its holdings in UDR by 2.3% in the third quarter. Daiwa Securities Group Inc. now owns 7,109,980 shares of the real estate investment trust's stock worth $322,366,000 after acquiring an additional 159,625 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in UDR by 2.2% in the fourth 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 acquiring an additional 95,022 shares in the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in UDR by 862.3% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 3,086,964 shares of the real estate investment trust's stock worth $139,963,000 after acquiring an additional 2,766,172 shares in the last quarter. Institutional investors own 97.84% of the company's stock.

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Insider Transactions at UDR

In other news, CEO Thomas W. Toomey sold 25,000 shares of the firm's stock in a transaction on Thursday, February 20th. The stock was sold at an average price of $42.75, for a total value of $1,068,750.00. Following the completion of the transaction, 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 ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 3.73% of the company's stock.

UDR Stock Performance

NYSE UDR traded up $0.18 on Wednesday, hitting $43.60. 1,901,712 shares of the stock traded hands, compared to its average volume of 2,025,296. The business's fifty day moving average is $42.59 and its two-hundred day moving average is $43.79. UDR, Inc. has a 12 month low of $35.14 and a 12 month high of $47.55. The firm has a market capitalization of $14.44 billion, a price-to-earnings ratio of 174.40, a PEG ratio of 8.67 and a beta of 0.88. The company has a debt-to-equity ratio of 1.71, a quick ratio of 5.91 and a current ratio of 5.61.

UDR (NYSE:UDR - Get Free Report) last announced its quarterly earnings data on Wednesday, February 5th. The real estate investment trust reported $0.63 earnings per share for the quarter, beating the consensus estimate 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, equities analysts anticipate that UDR, Inc. will post 2.51 EPS 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 issued a $0.43 dividend. This is a positive change from UDR's previous quarterly dividend of $0.43. This represents a $1.72 dividend on an annualized basis and a dividend yield of 3.94%. The ex-dividend date is Thursday, April 10th. UDR's dividend payout ratio (DPR) is presently 688.00%.

Analysts Set New Price Targets

UDR has been the topic of several recent research reports. Zelman & Associates reiterated a "neutral" rating on shares of UDR in a report on Thursday, February 13th. Truist Financial lowered UDR from a "buy" rating to a "hold" rating and increased their price target for the stock from $45.00 to $46.00 in a report on Monday, March 10th. Jefferies Financial Group downgraded UDR from a "buy" rating to a "hold" rating and lowered their price objective for the stock from $50.00 to $45.00 in a research note on Thursday, January 2nd. Barclays lowered their price objective on UDR from $50.00 to $48.00 and set an "overweight" rating for the company in a research note on Friday, January 24th. Finally, Royal Bank of Canada increased their price objective on UDR from $43.00 to $44.00 and gave the stock a "sector perform" rating in a research note on Friday, February 7th. One research analyst has rated the stock with a sell rating, eleven have assigned a hold rating and seven have given a buy rating to the company. According to MarketBeat, 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.