UDR, Inc. (NYSE:UDR) Holdings Trimmed by Pictet Asset Management Holding SA

Pictet Asset Management Holding SA decreased its holdings in shares of UDR, Inc. (NYSE:UDR - Free Report) by 4.0% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 194,675 shares of the real estate investment trust's stock after selling 8,111 shares during the period. Pictet Asset Management Holding SA owned approximately 0.06% of UDR worth $8,451,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of UDR. Nomura Asset Management Co. Ltd. increased its holdings in UDR by 4.0% in the fourth quarter. Nomura Asset Management Co. Ltd. now owns 483,824 shares of the real estate investment trust's stock valued at $21,003,000 after buying an additional 18,414 shares in the last quarter. New Age Alpha Advisors LLC acquired a new position in shares of UDR during the 4th quarter valued at about $3,850,000. Norges Bank acquired a new position in UDR during the fourth quarter worth approximately $1,273,442,000. NEOS Investment Management LLC grew its stake in shares of UDR by 29.9% during the 4th quarter. NEOS Investment Management LLC now owns 16,180 shares of the real estate investment trust's stock valued at $702,000 after buying an additional 3,729 shares during the period. Finally, UniSuper Management Pty Ltd increased its holdings in shares of UDR by 6.8% during the 4th quarter. UniSuper Management Pty Ltd now owns 139,587 shares of the real estate investment trust's stock worth $6,059,000 after buying an additional 8,858 shares during the last quarter. Hedge funds and other institutional investors own 97.84% of the company's stock.

Analyst Ratings Changes

Several equities research analysts have commented on the company. Mizuho dropped their price target on UDR from $47.00 to $45.00 and set a "neutral" rating for the company in a research note on Monday, January 6th. Evercore ISI increased their target price 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. Royal Bank of Canada lifted their price target on shares of UDR from $43.00 to $44.00 and gave the company a "sector perform" rating in a research report on Friday, February 7th. StockNews.com raised shares of UDR from a "sell" rating to a "hold" rating in a research report on Thursday, February 6th. Finally, Jefferies Financial Group lowered shares of UDR from a "buy" rating to a "hold" rating and reduced their target price for the company from $50.00 to $45.00 in a report on Thursday, January 2nd. One investment analyst has rated the stock with a sell rating, eleven have assigned a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus target price of $46.12.

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UDR Stock Down 2.9 %

Shares of UDR traded down $1.19 during midday trading on Monday, hitting $39.25. The company had a trading volume of 4,472,648 shares, compared to its average volume of 2,205,081. The company has a quick ratio of 5.91, a current ratio of 5.61 and a debt-to-equity ratio of 1.71. UDR, Inc. has a 52 week low of $35.14 and a 52 week high of $47.55. The company's 50 day moving average price is $43.33 and its 200 day moving average price is $43.60. The stock has a market cap of $13.00 billion, a price-to-earnings ratio of 157.01, a PEG ratio of 8.67 and a beta of 0.78.

UDR (NYSE:UDR - Get Free Report) last released its earnings results on Wednesday, February 5th. The real estate investment trust reported $0.63 earnings per share for the quarter, beating the consensus estimate of $0.10 by $0.53. UDR had a net margin of 5.36% and a return on equity of 2.65%. On average, equities research analysts predict that UDR, Inc. will post 2.51 EPS for the current 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 represents a $1.72 dividend on an annualized basis and a yield of 4.38%. This is a boost from UDR's previous quarterly dividend of $0.43. The ex-dividend date of this dividend is Thursday, April 10th. UDR's dividend payout ratio (DPR) is presently 688.00%.

Insider Activity at UDR

In other news, CEO Thomas W. Toomey sold 25,000 shares of the stock in a transaction on 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 ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. 3.73% of the stock is currently owned by insiders.

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.