OVERSEA CHINESE BANKING Corp Ltd Acquires 33,280 Shares of UDR, Inc. (NYSE:UDR)

OVERSEA CHINESE BANKING Corp Ltd raised its stake in UDR, Inc. (NYSE:UDR - Free Report) by 23.1% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 177,096 shares of the real estate investment trust's stock after purchasing an additional 33,280 shares during the quarter. OVERSEA CHINESE BANKING Corp Ltd owned 0.05% of UDR worth $7,688,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of UDR. Activest Wealth Management bought a new stake in UDR in the third quarter valued at approximately $27,000. Brooklyn Investment Group bought a new stake in UDR in the third quarter valued at approximately $33,000. Continuum Advisory LLC increased its stake in shares of UDR by 5,335.3% during the third quarter. Continuum Advisory LLC now owns 924 shares of the real estate investment trust's stock valued at $41,000 after buying an additional 907 shares during the period. Smartleaf Asset Management LLC increased its stake in shares of UDR by 68.7% during the fourth quarter. Smartleaf Asset Management LLC now owns 1,206 shares of the real estate investment trust's stock valued at $52,000 after buying an additional 491 shares during the period. Finally, Salem Investment Counselors Inc. increased its stake in shares of 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 valued at $59,000 after buying an additional 520 shares during the period. Institutional investors own 97.84% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on UDR. Evercore ISI boosted their target price on UDR from $43.00 to $45.00 and gave the company an "in-line" rating in a research note on Monday, February 10th. Royal Bank of Canada boosted 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. Truist Financial cut 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. Zelman & Associates reissued a "neutral" rating on shares of UDR in a research note on Thursday, February 13th. Finally, Jefferies Financial Group cut UDR from a "buy" rating to a "hold" rating and reduced their target price for the company from $50.00 to $45.00 in a research note on Thursday, January 2nd. One research analyst has rated the stock with a sell rating, eleven have given a hold rating and seven have given a buy rating to the company. According to MarketBeat.com, UDR currently has an average rating of "Hold" and an average target price of $46.12.

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UDR Stock Down 0.6 %

Shares of NYSE UDR traded down $0.28 during trading on Friday, reaching $43.36. The company had a trading volume of 3,840,256 shares, compared to its average volume of 2,031,652. UDR, Inc. has a 12-month low of $35.14 and a 12-month high of $47.55. The stock has a market cap of $14.36 billion, a PE ratio of 173.44, a P/E/G ratio of 8.67 and a beta of 0.88. The business's 50-day moving average is $42.75 and its 200 day moving average is $43.77. The company has a quick ratio of 5.91, a current ratio of 5.61 and a debt-to-equity ratio of 1.71.

UDR (NYSE:UDR - Get Free Report) last released 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 return on equity of 2.65% and a net margin of 5.36%. As a group, equities analysts forecast that UDR, Inc. will post 2.51 earnings per share for the current fiscal year.

UDR Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 30th. Stockholders 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 dividend yield of 3.97%. The ex-dividend date of this dividend is Thursday, April 10th. UDR's dividend payout ratio is currently 688.00%.

Insider Transactions at UDR

In other news, CEO Thomas W. Toomey sold 25,000 shares of the company's stock in a transaction on 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 transaction, the chief executive officer now directly owns 824,716 shares of the company's stock, valued at $35,256,609. This 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 through the SEC website. Insiders own 3.73% of the company's stock.

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.