JPMorgan Chase & Co. Lowers Stock Holdings in UDR, Inc. (NYSE:UDR)

JPMorgan Chase & Co. lessened its stake in UDR, Inc. (NYSE:UDR - Free Report) by 7.0% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 7,231,277 shares of the real estate investment trust's stock after selling 543,264 shares during the quarter. JPMorgan Chase & Co. owned 2.19% of UDR worth $313,910,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. Asset Management One Co. Ltd. grew its position in UDR by 7.9% during the fourth quarter. Asset Management One Co. Ltd. now owns 587,772 shares of the real estate investment trust's stock valued at $25,515,000 after buying an additional 42,926 shares during the period. Principal Financial Group Inc. grew its position in shares of UDR by 45.7% during the 4th quarter. Principal Financial Group Inc. now owns 512,540 shares of the real estate investment trust's stock valued at $22,249,000 after acquiring an additional 160,708 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd increased its stake in shares of UDR by 7.0% in the 4th quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 95,344 shares of the real estate investment trust's stock valued at $4,139,000 after purchasing an additional 6,217 shares in the last quarter. Charles Schwab Investment Management Inc. raised its holdings in UDR by 2.2% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 4,367,054 shares of the real estate investment trust's stock worth $189,574,000 after purchasing an additional 95,022 shares during the period. Finally, Nisa Investment Advisors LLC raised its holdings in UDR by 15.4% in the 4th quarter. Nisa Investment Advisors LLC now owns 265,167 shares of the real estate investment trust's stock worth $11,511,000 after purchasing an additional 35,479 shares during the period. Hedge funds and other institutional investors own 97.84% of the company's stock.

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UDR Trading Down 2.7 %

Shares of UDR traded down $1.24 during mid-day trading on Thursday, reaching $44.12. The stock had a trading volume of 1,507,043 shares, compared to its average volume of 2,023,745. The company has a debt-to-equity ratio of 1.71, a current ratio of 5.61 and a quick ratio of 5.91. The business's fifty day moving average is $43.32 and its 200 day moving average is $43.73. UDR, Inc. has a 52-week low of $35.14 and a 52-week high of $47.55. The firm has a market cap of $14.61 billion, a price-to-earnings ratio of 176.48, a P/E/G ratio of 8.67 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 earnings per share (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 predict that UDR, Inc. will post 2.51 EPS for the current fiscal year.

UDR Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 30th. Stockholders 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 is a boost from UDR's previous quarterly dividend of $0.43. This represents a $1.72 dividend on an annualized basis and a dividend yield of 3.90%. UDR's dividend payout ratio is currently 688.00%.

Insider Buying and Selling

In other UDR news, CEO Thomas W. Toomey sold 25,000 shares of the stock in a transaction dated Thursday, February 20th. The shares were sold at an average price of $42.75, for a total transaction 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 $35,256,609. This trade represents a 2.94 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Corporate insiders own 3.73% of the company's stock.

Wall Street Analyst Weigh In

A number of research firms have recently commented on UDR. Truist Financial cut UDR from a "buy" rating to a "hold" rating and boosted their price objective for the company from $45.00 to $46.00 in a research report on Monday, March 10th. StockNews.com raised shares of UDR from a "sell" rating to a "hold" rating in a report on Thursday, February 6th. Evercore ISI increased their price objective on shares of UDR from $43.00 to $45.00 and gave the company an "in-line" rating in a report on Monday, February 10th. Wells Fargo & Company cut their target price on shares of UDR from $48.00 to $45.00 and set an "overweight" rating for the company in a research note on Friday, January 24th. Finally, Mizuho decreased their price target on shares of UDR from $47.00 to $45.00 and set a "neutral" rating on the stock in a research note on Monday, January 6th. One equities research analyst has rated the stock with a sell rating, eleven have assigned a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat.com, UDR presently has a consensus rating of "Hold" and a consensus target price of $46.12.

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.