Sei Investments Co. Sells 518,181 Shares of UDR, Inc. (NYSE:UDR)

Sei Investments Co. lowered its holdings in shares of UDR, Inc. (NYSE:UDR - Free Report) by 31.7% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 1,114,151 shares of the real estate investment trust's stock after selling 518,181 shares during the period. Sei Investments Co. owned about 0.34% of UDR worth $48,365,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of UDR. FMR LLC increased its holdings in UDR by 14.8% in the third quarter. FMR LLC now owns 11,401,026 shares of the real estate investment trust's stock valued at $516,923,000 after purchasing an additional 1,471,855 shares during the period. JPMorgan Chase & Co. grew its position in shares of UDR by 5.0% in the 3rd quarter. JPMorgan Chase & Co. now owns 7,774,541 shares of the real estate investment trust's stock valued at $352,498,000 after buying an additional 368,087 shares during the last quarter. Daiwa Securities Group Inc. increased its stake in shares of UDR by 2.3% in the third quarter. Daiwa Securities Group Inc. now owns 7,109,980 shares of the real estate investment trust's stock valued at $322,366,000 after buying an additional 159,625 shares during the period. Charles Schwab Investment Management Inc. raised its position in shares of UDR by 2.2% during the fourth 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 acquiring an additional 95,022 shares during the last quarter. Finally, PGGM Investments raised its position in shares of UDR by 7.8% during the fourth quarter. PGGM Investments now owns 3,163,812 shares of the real estate investment trust's stock worth $137,341,000 after acquiring an additional 228,342 shares during the last quarter. Institutional investors own 97.84% of the company's stock.

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UDR Stock Performance

NYSE:UDR traded down $0.11 during trading on Thursday, reaching $44.24. The company's stock had a trading volume of 1,467,650 shares, compared to its average volume of 2,030,312. The firm has a market cap of $14.65 billion, a price-to-earnings ratio of 176.94, a price-to-earnings-growth ratio of 8.67 and a beta of 0.88. UDR, Inc. has a 12 month low of $35.14 and a 12 month high of $47.55. 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 50 day moving average of $42.94 and a 200-day moving average of $43.77.

UDR (NYSE:UDR - Get Free Report) last announced its quarterly earnings data 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 net margin of 5.36% and a return on equity of 2.65%. Research analysts expect that UDR, Inc. will post 2.51 EPS for the current fiscal year.

UDR Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 30th. Shareholders of record on Thursday, April 10th will be issued a dividend of $0.43 per share. This represents a $1.72 annualized dividend and a yield of 3.89%. This is a positive change 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 is 688.00%.

Wall Street Analyst Weigh In

A number of research firms have weighed in on UDR. Zelman & Associates reissued a "neutral" rating on shares of UDR in a research report on Thursday, February 13th. StockNews.com raised shares of UDR from a "sell" rating to a "hold" rating in a research note on Thursday, February 6th. Royal Bank of Canada lifted their target price on shares of UDR from $43.00 to $44.00 and gave the stock a "sector perform" rating in a research note on Friday, February 7th. Jefferies Financial Group cut shares of UDR from a "buy" rating to a "hold" rating and cut their price target for the company from $50.00 to $45.00 in a research report on Thursday, January 2nd. Finally, Scotiabank increased their price target on UDR from $48.00 to $49.00 and gave the stock a "sector perform" rating in a report on Friday, February 14th. One 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 company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average price target of $46.12.

Insiders Place Their Bets

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 transaction of $1,068,750.00. Following the completion of the transaction, the chief executive officer now owns 824,716 shares in the company, valued at approximately $35,256,609. This represents a 2.94 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 3.73% of the company's stock.

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.