Vanguard Group Inc. Purchases 180,551 Shares of UDR, Inc. (NYSE:UDR)

Vanguard Group Inc. raised its position in shares of UDR, Inc. (NYSE:UDR - Free Report) by 0.4% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 50,809,731 shares of the real estate investment trust's stock after buying an additional 180,551 shares during the period. Vanguard Group Inc. owned about 15.40% of UDR worth $2,205,650,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently modified their holdings of UDR. Empowered Funds LLC increased its holdings in UDR by 7.1% during 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 in the last quarter. Quest Partners LLC increased its stake in shares of UDR by 471.5% in the third quarter. Quest Partners LLC now owns 5,206 shares of the real estate investment trust's stock valued at $236,000 after buying an additional 4,295 shares in the last quarter. PNC Financial Services Group Inc. increased its stake in shares of UDR by 1.8% in the third quarter. PNC Financial Services Group Inc. now owns 37,082 shares of the real estate investment trust's stock valued at $1,681,000 after buying an additional 650 shares in the last quarter. Cerity Partners LLC raised its holdings in shares of UDR by 0.6% in the third quarter. Cerity Partners LLC now owns 128,712 shares of the real estate investment trust's stock valued at $5,836,000 after buying an additional 798 shares during the last quarter. Finally, Algert Global LLC acquired a new position in UDR during the 3rd quarter worth about $442,000. Institutional investors own 97.84% of the company's stock.

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Wall Street Analysts Forecast Growth

Several research firms have weighed in on UDR. Truist Financial cut shares of UDR from a "buy" rating to a "hold" rating and raised their price objective for the company from $45.00 to $46.00 in a research report on Monday, March 10th. Wells Fargo & Company dropped their price objective on shares of UDR from $48.00 to $45.00 and set an "overweight" rating for the company in a research report on Friday, January 24th. StockNews.com upgraded UDR from a "sell" rating to a "hold" rating in a research report on Thursday, February 6th. Scotiabank lifted their target price on UDR from $48.00 to $49.00 and gave the company a "sector perform" rating in a research note on Friday, February 14th. Finally, Zelman & Associates reaffirmed a "neutral" rating on shares of UDR in a research note on Thursday, February 13th. One investment 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's stock. According to MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus price target of $46.12.

Insider Buying and Selling

In other news, CEO Thomas W. Toomey sold 25,000 shares of the company's stock in a transaction that occurred 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 owns 824,716 shares in the company, valued at $35,256,609. This represents a 2.94 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 3.73% of the stock is owned by company insiders.

UDR Trading Up 1.5 %

NYSE:UDR traded up $0.65 during trading hours on Monday, hitting $45.19. The stock had a trading volume of 1,932,486 shares, compared to its average volume of 2,177,610. The business's 50 day moving average is $43.14 and its 200-day moving average is $43.74. 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 company has a market cap of $14.97 billion, a price-to-earnings ratio of 180.78, a P/E/G ratio of 8.67 and a beta of 0.88. UDR, Inc. has a one year low of $35.14 and a one year high of $47.55.

UDR (NYSE:UDR - Get Free Report) last released its quarterly earnings data on Wednesday, February 5th. The real estate investment trust reported $0.63 EPS for the quarter, beating 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%. Sell-side analysts anticipate that UDR, Inc. will post 2.51 EPS for the current fiscal year.

UDR Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 30th. Investors of record on Thursday, April 10th will be given a $0.43 dividend. The ex-dividend date is Thursday, April 10th. This is a positive change from UDR's previous quarterly dividend of $0.43. This represents a $1.72 annualized dividend and a dividend yield of 3.81%. UDR's payout ratio is currently 688.00%.

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.