Canada Pension Plan Investment Board Trims Position in UDR, Inc. (NYSE:UDR)

Canada Pension Plan Investment Board lessened its holdings in shares of UDR, Inc. (NYSE:UDR - Free Report) by 8.3% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,252,717 shares of the real estate investment trust's stock after selling 202,767 shares during the quarter. Canada Pension Plan Investment Board owned 0.68% of UDR worth $97,790,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of the business. Smartleaf Asset Management LLC lifted its stake in UDR by 68.7% during the 4th quarter. Smartleaf Asset Management LLC now owns 1,206 shares of the real estate investment trust's stock valued at $52,000 after acquiring an additional 491 shares in the last quarter. Salem Investment Counselors Inc. boosted its holdings in UDR by 62.7% during the fourth quarter. Salem Investment Counselors Inc. now owns 1,349 shares of the real estate investment trust's stock worth $59,000 after purchasing an additional 520 shares during the last quarter. Catalyst Capital Advisors LLC bought a new stake in UDR in the 4th quarter worth about $63,000. Eastern Bank purchased a new stake in UDR in the 4th quarter valued at about $68,000. Finally, Crews Bank & Trust bought a new position in shares of UDR during the 4th quarter worth approximately $76,000. Institutional investors and hedge funds own 97.84% of the company's stock.

UDR Price Performance

UDR stock traded up $0.18 during mid-day trading on Wednesday, hitting $41.72. 522,719 shares of the company traded hands, compared to its average volume of 2,176,467. The stock has a fifty day moving average price of $42.86 and a 200-day moving average price of $43.18. UDR, Inc. has a one year low of $36.61 and a one year high of $47.55. The company has a debt-to-equity ratio of 1.71, a quick ratio of 5.91 and a current ratio of 5.61. The stock has a market cap of $13.82 billion, a price-to-earnings ratio of 166.88, a price-to-earnings-growth ratio of 8.67 and a beta of 0.78.

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

UDR Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 30th. Shareholders of record on Thursday, April 10th will be paid a $0.43 dividend. This is a boost from UDR's previous quarterly dividend of $0.43. This represents a $1.72 dividend on an annualized basis and a yield of 4.12%. The ex-dividend date of this dividend is Thursday, April 10th. UDR's payout ratio is 688.00%.

Analyst Upgrades and Downgrades

UDR has been the subject of a number of research analyst reports. Zelman & Associates reaffirmed a "neutral" rating on shares of UDR in a research report on Thursday, February 13th. Truist Financial lowered UDR from a "buy" rating to a "hold" rating and raised their target price for the company from $45.00 to $46.00 in a research report on Monday, March 10th. Scotiabank boosted their price target on shares of UDR from $48.00 to $49.00 and gave the stock a "sector perform" rating in a report on Friday, February 14th. Wells Fargo & Company decreased their price objective on shares of UDR from $48.00 to $45.00 and set an "overweight" rating for the company in a report on Friday, January 24th. Finally, StockNews.com raised UDR from a "sell" rating to a "hold" rating in a research report on Thursday, February 6th. One investment analyst has rated the stock with a sell rating, eleven have issued a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat.com, UDR currently has a consensus rating of "Hold" and a consensus target price of $46.12.

Insider Buying and Selling at UDR

In other UDR news, CEO Thomas W. Toomey sold 25,000 shares of the firm's stock in a transaction on Thursday, February 20th. The shares were sold at an average price of $42.75, for a total value of $1,068,750.00. Following the sale, the chief executive officer now 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 3.39% 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.