UDR, Inc. (NYSE:UDR) Shares Sold by Guggenheim Capital LLC

Guggenheim Capital LLC lessened its holdings in UDR, Inc. (NYSE:UDR - Free Report) by 90.5% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 17,314 shares of the real estate investment trust's stock after selling 165,517 shares during the period. Guggenheim Capital LLC's holdings in UDR were worth $752,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Townsquare Capital LLC raised its holdings in UDR by 4.8% in the fourth quarter. Townsquare Capital LLC now owns 5,173 shares of the real estate investment trust's stock worth $225,000 after purchasing an additional 237 shares in the last quarter. Exchange Traded Concepts LLC grew its position 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 worth $145,000 after buying an additional 269 shares during the last quarter. Smartleaf Asset Management LLC raised its stake in shares of UDR by 68.7% during the 4th quarter. Smartleaf Asset Management LLC now owns 1,206 shares of the real estate investment trust's stock worth $52,000 after acquiring an additional 491 shares in the last quarter. IRON Financial LLC lifted its position in 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 acquiring an additional 511 shares during the last quarter. Finally, Salem Investment Counselors Inc. boosted its stake in UDR by 62.7% in 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 acquiring an additional 520 shares in the last quarter. 97.84% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

UDR has been the topic of a number of recent analyst reports. Mizuho reduced their price target on UDR from $47.00 to $45.00 and set a "neutral" rating on the stock in a research report on Monday, January 6th. Barclays lowered their price target on UDR from $50.00 to $48.00 and set an "overweight" rating for the company in a report on Friday, January 24th. Jefferies Financial Group downgraded 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 report on Thursday, January 2nd. Scotiabank lifted their target price on shares of UDR from $48.00 to $49.00 and gave the stock a "sector perform" rating in a research note on Friday, February 14th. Finally, StockNews.com upgraded shares of UDR from a "sell" rating to a "hold" rating in a research note on Thursday, February 6th. One investment analyst has rated the stock with a sell rating, eleven have issued a hold rating and seven have issued a buy rating to the company. According to MarketBeat, UDR has a consensus rating of "Hold" and an average target price of $46.12.

Insider Activity

In related news, CEO Thomas W. Toomey sold 25,000 shares of the company's stock in a transaction dated Thursday, February 20th. The stock was 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 of the company's stock, valued at approximately $35,256,609. This represents a 2.94 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 3.39% of the company's stock.

UDR Stock Performance

UDR stock traded up $0.30 during midday trading on Monday, hitting $41.60. 2,762,863 shares of the company were exchanged, compared to its average volume of 2,176,883. The business has a fifty day simple moving average of $42.78 and a two-hundred day simple moving average of $43.12. 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 firm has a market capitalization of $13.78 billion, a PE ratio of 166.40, a price-to-earnings-growth ratio of 8.67 and a beta of 0.78. UDR, Inc. has a fifty-two week low of $36.61 and a fifty-two week high of $47.55.

UDR (NYSE:UDR - Get Free Report) last issued its quarterly earnings data 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 net margin of 5.36% and a return on equity of 2.65%. On average, sell-side analysts forecast that UDR, Inc. will post 2.51 earnings per share for the current year.

UDR Increases Dividend

The company 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 dividend of $0.43 per share. 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 4.13%. The ex-dividend date of this dividend is Thursday, April 10th. UDR's dividend payout ratio is presently 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.