Centersquare Investment Management LLC Sells 301,880 Shares of UDR, Inc. (NYSE:UDR)

Centersquare Investment Management LLC lessened its stake in UDR, Inc. (NYSE:UDR - Free Report) by 3.2% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 8,993,217 shares of the real estate investment trust's stock after selling 301,880 shares during the quarter. UDR accounts for about 4.1% of Centersquare Investment Management LLC's holdings, making the stock its 7th biggest position. Centersquare Investment Management LLC owned approximately 2.73% of UDR worth $390,396,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in UDR. Asset Management One Co. Ltd. increased its stake in shares of UDR by 7.9% in the fourth quarter. Asset Management One Co. Ltd. now owns 587,772 shares of the real estate investment trust's stock worth $25,515,000 after acquiring an additional 42,926 shares during the last quarter. Principal Financial Group Inc. increased its position in UDR by 45.7% in the 4th quarter. Principal Financial Group Inc. now owns 512,540 shares of the real estate investment trust's stock worth $22,249,000 after purchasing an additional 160,708 shares during the last quarter. JPMorgan Chase & Co. raised its stake in shares of UDR by 5.0% during the 3rd quarter. JPMorgan Chase & Co. now owns 7,774,541 shares of the real estate investment trust's stock worth $352,498,000 after purchasing an additional 368,087 shares in the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd lifted its holdings in shares of UDR by 7.0% during 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 buying an additional 6,217 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. grew its stake in shares of 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 valued at $189,574,000 after buying an additional 95,022 shares in the last quarter. Hedge funds and other institutional investors own 97.84% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on the stock. Zelman & Associates reiterated a "neutral" rating on shares of UDR in a research note on Thursday, February 13th. Wells Fargo & Company reduced their price objective 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. Barclays lowered their target price on shares of UDR from $50.00 to $48.00 and set an "overweight" rating on the stock in a research report on Friday, January 24th. Truist Financial cut UDR from a "buy" rating to a "hold" rating and boosted their price target for the stock from $45.00 to $46.00 in a research report on Monday, March 10th. Finally, Scotiabank boosted their target price on UDR from $48.00 to $49.00 and gave the stock a "sector perform" rating in a report on Friday, February 14th. One investment analyst has rated the stock with a sell rating, eleven have given a hold rating and seven have given a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of "Hold" and a consensus price target of $46.12.

Insider Activity

In related news, CEO Thomas W. Toomey sold 25,000 shares of the firm's stock in a transaction that occurred 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 $35,256,609. This trade represents a 2.94 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 3.73% of the stock is owned by company insiders.

UDR Stock Performance

UDR stock traded up $0.05 during trading on Wednesday, reaching $38.14. 1,027,262 shares of the stock were exchanged, compared to its average volume of 2,133,972. UDR, Inc. has a twelve month low of $35.14 and a twelve month high of $47.55. The company has a current ratio of 5.61, a quick ratio of 5.91 and a debt-to-equity ratio of 1.71. The company has a market capitalization of $12.63 billion, a P/E ratio of 152.68, a price-to-earnings-growth ratio of 8.67 and a beta of 0.78. The stock has a 50 day simple moving average of $43.21 and a 200-day simple moving average of $43.51.

UDR (NYSE:UDR - Get Free Report) last announced its quarterly earnings data on Wednesday, February 5th. The real estate investment trust reported $0.63 earnings per share 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%. As a group, sell-side analysts anticipate that UDR, Inc. will post 2.51 earnings per share for the current year.

UDR Increases Dividend

The firm also recently disclosed 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. This represents a $1.72 dividend on an annualized basis and a dividend yield of 4.51%. This is an increase from UDR's previous quarterly dividend of $0.43. The ex-dividend date is Thursday, April 10th. UDR's dividend payout ratio (DPR) is presently 688.00%.

UDR Company 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.