Chevy Chase Trust Holdings LLC Has $18.40 Million Position in UDR, Inc. (NYSE:UDR)

Chevy Chase Trust Holdings LLC decreased its position in shares of UDR, Inc. (NYSE:UDR - Free Report) by 5.5% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 423,908 shares of the real estate investment trust's stock after selling 24,508 shares during the quarter. Chevy Chase Trust Holdings LLC owned about 0.13% of UDR worth $18,402,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently modified their holdings of the company. Exchange Traded Concepts LLC boosted its holdings in shares of UDR by 8.8% during the fourth quarter. Exchange Traded Concepts LLC now owns 3,330 shares of the real estate investment trust's stock valued at $145,000 after acquiring an additional 269 shares during the period. CWM LLC boosted its holdings in shares of UDR by 10.0% during the third quarter. CWM LLC now owns 3,802 shares of the real estate investment trust's stock valued at $172,000 after acquiring an additional 347 shares during the period. Empowered Funds LLC raised its stake in shares of UDR by 7.1% during the third 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. TCV Trust & Wealth Management Inc. raised its stake in shares of UDR by 8.2% during the third 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 in the last quarter. Finally, IRON Financial LLC raised its stake in shares of UDR by 3.0% during the fourth 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 in the last quarter. Institutional investors and hedge funds own 97.84% of the company's stock.

Analysts Set New Price Targets

UDR has been the topic of a number of recent analyst reports. Jefferies Financial Group cut shares of UDR from a "buy" rating to a "hold" rating and cut their price objective for the company from $50.00 to $45.00 in a research note on Thursday, January 2nd. Wells Fargo & Company dropped their price target on shares of UDR from $48.00 to $45.00 and set an "overweight" rating on the stock in a research report on Friday, January 24th. Evercore ISI boosted their price target on shares of UDR from $43.00 to $45.00 and gave the stock an "in-line" rating in a research report on Monday, February 10th. Zelman & Associates reiterated a "neutral" rating on shares of UDR in a research report on Thursday, February 13th. Finally, Royal Bank of Canada boosted their price target on shares of UDR from $43.00 to $44.00 and gave the stock a "sector perform" rating in a research report on Friday, February 7th. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating and eight have issued a buy rating to the stock. According to MarketBeat.com, UDR currently has an average rating of "Hold" and an average price target of $46.18.

UDR Stock Down 1.0 %

NYSE:UDR traded down $0.43 on Wednesday, hitting $42.64. 1,621,516 shares of the company's stock traded hands, compared to its average volume of 1,908,392. The company has a current ratio of 1.32, a quick ratio of 5.91 and a debt-to-equity ratio of 1.71. UDR, Inc. has a 1 year low of $34.76 and a 1 year high of $47.55. The firm has a 50-day moving average price of $42.38 and a 200-day moving average price of $43.56. The company has a market cap of $14.07 billion, a PE ratio of 170.56, a price-to-earnings-growth ratio of 8.66 and a beta of 0.88.

UDR (NYSE:UDR - Get Free Report) last announced its quarterly earnings results on Wednesday, February 5th. The real estate investment trust reported $0.63 EPS for the quarter, beating the consensus estimate of $0.10 by $0.53. UDR had a return on equity of 2.65% and a net margin of 5.36%. Equities analysts anticipate that UDR, Inc. will post 2.51 EPS for the current fiscal year.

UDR Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, January 31st. Investors of record on Thursday, January 9th were paid a $0.425 dividend. The ex-dividend date of this dividend was Friday, January 10th. This represents a $1.70 annualized dividend and a dividend yield of 3.99%. UDR's payout ratio is 680.00%.

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.