Versor Investments LP Acquires 23,600 Shares of UDR, Inc. (NYSE:UDR)

Versor Investments LP lifted its holdings in UDR, Inc. (NYSE:UDR - Free Report) by 265.2% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 32,500 shares of the real estate investment trust's stock after purchasing an additional 23,600 shares during the period. Versor Investments LP's holdings in UDR were worth $1,411,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently added to or reduced their stakes in the business. FMR LLC lifted its holdings in shares of UDR by 14.8% during the third quarter. FMR LLC now owns 11,401,026 shares of the real estate investment trust's stock worth $516,923,000 after buying an additional 1,471,855 shares during the last quarter. JPMorgan Chase & Co. increased its position in UDR by 5.0% during the third quarter. JPMorgan Chase & Co. now owns 7,774,541 shares of the real estate investment trust's stock worth $352,498,000 after acquiring an additional 368,087 shares during the period. Daiwa Securities Group Inc. raised its stake in UDR by 2.3% during the 3rd 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 purchasing an additional 159,625 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in UDR by 2.8% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 4,272,032 shares of the real estate investment trust's stock valued at $193,694,000 after purchasing an additional 117,213 shares during the period. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in shares of UDR by 862.3% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 3,086,964 shares of the real estate investment trust's stock worth $139,963,000 after purchasing an additional 2,766,172 shares during the period. Institutional investors own 97.84% of the company's stock.

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UDR Price Performance

NYSE UDR traded up $0.90 during trading hours on Monday, reaching $46.08. 2,104,983 shares of the company's stock were exchanged, compared to its average volume of 2,049,463. The firm has a fifty day moving average of $42.32 and a 200-day moving average of $43.69. UDR, Inc. has a one year low of $35.14 and a one year high of $47.55. The stock has a market cap of $15.26 billion, a PE ratio of 184.32, a price-to-earnings-growth ratio of 8.67 and a beta of 0.88. The company has a current ratio of 5.61, a quick ratio of 5.91 and a debt-to-equity ratio of 1.71.

UDR (NYSE:UDR - Get Free Report) last announced its 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%. On average, equities research analysts predict that UDR, Inc. will post 2.51 earnings per share for the current fiscal year.

UDR Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, January 31st. Stockholders of record on Thursday, January 9th were paid a dividend of $0.425 per share. The ex-dividend date was Friday, January 10th. This represents a $1.70 annualized dividend and a dividend yield of 3.69%. UDR's dividend payout ratio (DPR) is currently 680.00%.

Insider Activity at UDR

In other UDR 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 transaction, the chief executive officer now directly owns 824,716 shares in the company, valued at approximately $35,256,609. This trade represents a 2.94 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 3.73% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on UDR. Wells Fargo & Company reduced their target price 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. Mizuho decreased their price objective on UDR from $47.00 to $45.00 and set a "neutral" rating on the stock in a report on Monday, January 6th. Jefferies Financial Group cut UDR from a "buy" rating to a "hold" rating and lowered their price objective for the company from $50.00 to $45.00 in a research report on Thursday, January 2nd. Evercore ISI raised their target price on UDR from $43.00 to $45.00 and gave the stock an "in-line" rating in a research report on Monday, February 10th. Finally, Barclays lowered their price target on shares of UDR from $50.00 to $48.00 and set an "overweight" rating on the stock in a report on Friday, January 24th. One research analyst has rated the stock with a sell rating, ten have issued a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat, UDR currently has an average rating of "Hold" and a consensus price target of $46.18.

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.