Asset Management One Co. Ltd. Buys 42,926 Shares of UDR, Inc. (NYSE:UDR)

Asset Management One Co. Ltd. boosted its stake in shares of UDR, Inc. (NYSE:UDR - Free Report) by 7.9% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 587,772 shares of the real estate investment trust's stock after acquiring an additional 42,926 shares during the period. Asset Management One Co. Ltd. owned 0.18% of UDR worth $25,515,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in UDR. Exchange Traded Concepts LLC increased its stake in shares of UDR by 8.8% in the 4th quarter. Exchange Traded Concepts LLC now owns 3,330 shares of the real estate investment trust's stock valued at $145,000 after purchasing an additional 269 shares during the last quarter. CWM LLC increased its stake in shares of UDR by 10.0% in the 3rd quarter. CWM LLC now owns 3,802 shares of the real estate investment trust's stock valued at $172,000 after purchasing an additional 347 shares during the last quarter. Empowered Funds LLC increased its stake in shares of UDR by 7.1% in the 3rd quarter. Empowered Funds LLC now owns 5,246 shares of the real estate investment trust's stock valued at $238,000 after purchasing an additional 350 shares during the last quarter. TCV Trust & Wealth Management Inc. increased its stake in shares of UDR by 8.2% in the 3rd quarter. TCV Trust & Wealth Management Inc. now owns 5,589 shares of the real estate investment trust's stock valued at $253,000 after purchasing an additional 424 shares during the last quarter. Finally, IRON Financial LLC increased its stake in shares of UDR by 3.0% in the 4th quarter. IRON Financial LLC now owns 17,674 shares of the real estate investment trust's stock valued at $767,000 after purchasing an additional 511 shares during the last quarter. Institutional investors own 97.84% of the company's stock.

UDR Trading Down 0.7 %

UDR traded down $0.28 during midday trading on Tuesday, hitting $42.67. 464,641 shares of the company were exchanged, compared to its average volume of 1,886,813. The firm has a market capitalization of $14.08 billion, a P/E ratio of 170.52, a P/E/G ratio of 11.72 and a beta of 0.88. UDR, Inc. has a 1-year low of $34.76 and a 1-year high of $47.55. The firm's 50 day moving average price is $42.41 and its 200-day moving average price is $43.55. The company has a quick ratio of 5.91, a current ratio of 1.32 and a debt-to-equity ratio of 1.71.

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 (EPS) for the quarter, beating 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 EPS for the current fiscal year.

UDR Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, January 31st. Stockholders of record on Thursday, January 9th were given a dividend of $0.425 per share. This represents a $1.70 annualized dividend and a dividend yield of 3.98%. The ex-dividend date was Friday, January 10th. UDR's dividend payout ratio (DPR) is 680.00%.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on the company. Zelman & Associates reiterated a "neutral" rating on shares of UDR in a research note on Thursday, February 13th. Scotiabank lifted their price target on UDR from $48.00 to $49.00 and gave the company a "sector perform" rating in a research note on Friday. Evercore ISI lifted their price target on UDR from $43.00 to $45.00 and gave the company an "in-line" rating in a research note on Monday, February 10th. StockNews.com upgraded UDR from a "sell" rating to a "hold" rating in a research report on Thursday, February 6th. Finally, Wells Fargo & Company reduced their price objective on UDR from $48.00 to $45.00 and set an "overweight" rating on the stock in a research report on Friday, January 24th. One analyst has rated the stock with a sell rating, ten have assigned a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat.com, UDR currently has a consensus rating of "Hold" and an average target price of $46.18.

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.