Investure LLC Has $21.44 Million Stock Holdings in UDR, Inc. (NYSE:UDR)

Investure LLC raised its position in UDR, Inc. (NYSE:UDR - Free Report) by 19.9% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 493,909 shares of the real estate investment trust's stock after purchasing an additional 81,999 shares during the quarter. UDR makes up approximately 1.3% of Investure LLC's holdings, making the stock its 7th biggest position. Investure LLC owned about 0.15% of UDR worth $21,441,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of the company. Vanguard Group Inc. grew its stake in shares of UDR by 0.4% in the 4th quarter. Vanguard Group Inc. now owns 50,809,731 shares of the real estate investment trust's stock valued at $2,205,650,000 after buying an additional 180,551 shares in the last quarter. Norges Bank bought a new stake in UDR in the fourth quarter worth approximately $1,273,442,000. FMR LLC grew its position in UDR by 10.5% in the fourth quarter. FMR LLC now owns 12,592,458 shares of the real estate investment trust's stock worth $546,639,000 after acquiring an additional 1,191,432 shares in the last quarter. Geode Capital Management LLC increased its stake in shares of UDR by 2.9% during the 4th quarter. Geode Capital Management LLC now owns 7,924,151 shares of the real estate investment trust's stock worth $343,129,000 after purchasing an additional 220,293 shares during the last quarter. Finally, JPMorgan Chase & Co. raised its holdings in shares of UDR by 5.0% during the 3rd quarter. JPMorgan Chase & Co. now owns 7,774,541 shares of the real estate investment trust's stock valued at $352,498,000 after purchasing an additional 368,087 shares in the last quarter. 97.84% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on UDR shares. Scotiabank upped their price objective 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. Zelman & Associates reissued 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 boosted their target price for the stock from $45.00 to $46.00 in a report on Monday, March 10th. Barclays lowered their price target on UDR from $50.00 to $48.00 and set an "overweight" rating on the stock in a report on Friday, January 24th. Finally, Royal Bank of Canada boosted their price objective on shares of 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 stock. According to data from MarketBeat, the company currently has an average rating of "Hold" and an average target price of $46.12.

UDR Price Performance

Shares of NYSE UDR traded up $0.85 during mid-day trading on Tuesday, hitting $41.59. 997,478 shares of the stock were exchanged, compared to its average volume of 2,176,719. The stock's fifty day simple moving average is $42.89 and its two-hundred day simple moving average is $43.19. UDR, Inc. has a twelve month low of $36.28 and a twelve month high of $47.55. The company has a market cap of $13.77 billion, a P/E ratio of 166.72, a PEG ratio of 8.67 and a beta of 0.78. 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 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 the consensus estimate of $0.10 by $0.53. UDR had a net margin of 5.36% and a return on equity of 2.65%. As a group, analysts forecast that UDR, Inc. will post 2.51 EPS for the current fiscal year.

UDR Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 30th. Investors of record on Thursday, April 10th will be issued a dividend of $0.43 per share. The ex-dividend date of this dividend is Thursday, April 10th. This represents a $1.72 dividend on an annualized basis and a yield of 4.14%. This is a boost from UDR's previous quarterly dividend of $0.43. UDR's payout ratio is currently 688.00%.

Insider Activity at UDR

In related news, CEO Thomas W. Toomey sold 25,000 shares of the company'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 completion of the transaction, the chief executive officer now directly owns 824,716 shares of the company's stock, valued at approximately $35,256,609. This represents a 2.94 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 3.39% of the stock is owned by corporate insiders.

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.