Neuberger Berman Group LLC Has $37.68 Million Stock Holdings in UDR, Inc. (NYSE:UDR)

Neuberger Berman Group LLC lessened its position in shares of UDR, Inc. (NYSE:UDR - Free Report) by 4.0% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 867,925 shares of the real estate investment trust's stock after selling 35,824 shares during the quarter. Neuberger Berman Group LLC owned approximately 0.26% of UDR worth $37,677,000 at the end of the most recent quarter.

A number of other institutional investors have also bought and sold shares of UDR. Exchange Traded Concepts LLC increased its stake in shares of UDR by 8.8% in the fourth quarter. Exchange Traded Concepts LLC now owns 3,330 shares of the real estate investment trust's stock worth $145,000 after purchasing an additional 269 shares in the last quarter. Smartleaf Asset Management LLC increased its position 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 valued at $52,000 after purchasing an additional 491 shares during the last quarter. 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 worth $767,000 after acquiring an additional 511 shares in the last quarter. Salem Investment Counselors Inc. boosted its position in UDR by 62.7% during 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 buying an additional 520 shares during the period. Finally, Empowered Funds LLC grew its position in UDR by 10.4% during the 4th quarter. Empowered Funds LLC now owns 5,792 shares of the real estate investment trust's stock worth $251,000 after acquiring an additional 546 shares during the last quarter. Institutional investors own 97.84% of the company's stock.

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Insider Buying and Selling at UDR

In related news, CEO Thomas W. Toomey sold 25,000 shares of the business'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 sale, the chief executive officer now directly owns 824,716 shares in the company, valued at $35,256,609. The trade was a 2.94 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 3.73% of the stock is currently owned by company insiders.

UDR Trading Up 0.8 %

NYSE:UDR traded up $0.34 on Wednesday, reaching $41.41. The stock had a trading volume of 1,011,221 shares, compared to its average volume of 2,186,863. UDR, Inc. has a 12-month low of $35.14 and a 12-month high of $47.55. The company has a market cap of $13.71 billion, a price-to-earnings ratio of 165.64, a P/E/G ratio of 8.67 and a beta of 0.78. The firm's fifty day moving average is $43.03 and its two-hundred day moving average is $43.31. The company has a debt-to-equity ratio of 1.71, a current ratio of 5.61 and a quick ratio of 5.91.

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

UDR Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 30th. Shareholders of record on Thursday, April 10th will be paid a $0.43 dividend. This is an increase from UDR's previous quarterly dividend of $0.43. This represents a $1.72 dividend on an annualized basis and a yield of 4.15%. The ex-dividend date of this dividend is Thursday, April 10th. UDR's payout ratio is presently 688.00%.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on UDR. Zelman & Associates reissued a "neutral" rating on shares of UDR in a research report on Thursday, February 13th. Royal Bank of Canada upped their price objective on UDR from $43.00 to $44.00 and gave the company a "sector perform" rating in a research report on Friday, February 7th. Scotiabank lifted their price target 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. Barclays cut their price target on UDR from $50.00 to $48.00 and set an "overweight" rating for the company in a research note on Friday, January 24th. Finally, Evercore ISI increased their price objective on shares of UDR from $43.00 to $45.00 and gave the stock an "in-line" rating in a research note on Monday, February 10th. One research 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.com, the company presently has an average rating of "Hold" and an average price target of $46.12.

About UDR

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.