UniSuper Management Pty Ltd raised its position in shares of UDR, Inc. (NYSE:UDR - Free Report) by 6.8% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 139,587 shares of the real estate investment trust's stock after purchasing an additional 8,858 shares during the period. UniSuper Management Pty Ltd's holdings in UDR were worth $6,059,000 as of its most recent filing with the Securities & Exchange Commission.
Several other hedge funds have also made changes to their positions in UDR. Brooklyn Investment Group purchased a new position in shares of UDR during the third quarter valued at $33,000. Continuum Advisory LLC increased its position in UDR by 5,335.3% during the 3rd quarter. Continuum Advisory LLC now owns 924 shares of the real estate investment trust's stock valued at $41,000 after purchasing an additional 907 shares during the period. Smartleaf Asset Management LLC raised its holdings in shares of UDR by 68.7% in 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 in the last quarter. Salem Investment Counselors Inc. lifted its position in shares of UDR by 62.7% in the 4th quarter. Salem Investment Counselors Inc. now owns 1,349 shares of the real estate investment trust's stock worth $59,000 after purchasing an additional 520 shares during the period. Finally, Catalyst Capital Advisors LLC bought a new position in shares of UDR during the fourth quarter valued at approximately $63,000. 97.84% of the stock is currently owned by hedge funds and other institutional investors.
UDR Price Performance
Shares of NYSE:UDR traded up $0.12 during trading on Tuesday, reaching $45.29. 347,404 shares of the company's stock traded hands, compared to its average volume of 2,170,439. The firm has a market cap of $15.00 billion, a PE ratio of 181.00, a P/E/G ratio of 8.67 and a beta of 0.88. UDR, Inc. has a fifty-two week low of $35.14 and a fifty-two week high of $47.55. The company has a quick ratio of 5.91, a current ratio of 5.61 and a debt-to-equity ratio of 1.71. The company has a 50-day simple moving average of $43.14 and a 200-day simple moving average of $43.74.
UDR (NYSE:UDR - Get Free Report) last released its quarterly earnings results on Wednesday, February 5th. The real estate investment trust reported $0.63 earnings per share (EPS) for the quarter, beating 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%. As a group, analysts predict that UDR, Inc. will post 2.51 earnings per share for the current year.
UDR Increases Dividend
The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 30th. Investors of record on Thursday, April 10th will be paid a $0.43 dividend. The ex-dividend date of this dividend is Thursday, April 10th. This is a positive change from UDR's previous quarterly dividend of $0.43. This represents a $1.72 dividend on an annualized basis and a yield of 3.80%. UDR's dividend payout ratio (DPR) is currently 688.00%.
Analyst Ratings Changes
A number of equities analysts recently commented on the stock. Scotiabank boosted their price objective 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. Wells Fargo & Company reduced their price target on UDR from $48.00 to $45.00 and set an "overweight" rating for the company in a research report on Friday, January 24th. Zelman & Associates restated a "neutral" rating on shares of UDR in a research note on Thursday, February 13th. Barclays dropped their target price on UDR from $50.00 to $48.00 and set an "overweight" rating on the stock in a research note on Friday, January 24th. Finally, Jefferies Financial Group cut UDR from a "buy" rating to a "hold" rating and decreased their price target for the company from $50.00 to $45.00 in a research note on Thursday, January 2nd. One 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. According to MarketBeat.com, UDR has a consensus rating of "Hold" and a consensus target price of $46.12.
View Our Latest Stock Report on UDR
Insider Buying and Selling
In other 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 value of $1,068,750.00. Following 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 ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 3.73% of the stock is currently owned by insiders.
UDR Company Profile
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Free Report)
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.
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