Vinva Investment Management Ltd Lowers Stake in UDR, Inc. (NYSE:UDR)

Vinva Investment Management Ltd cut its holdings in UDR, Inc. (NYSE:UDR - Free Report) by 53.3% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 8,245 shares of the real estate investment trust's stock after selling 9,412 shares during the period. Vinva Investment Management Ltd's holdings in UDR were worth $355,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Asset Management One Co. Ltd. raised its holdings in UDR by 7.9% in the 4th quarter. Asset Management One Co. Ltd. now owns 587,772 shares of the real estate investment trust's stock worth $25,515,000 after purchasing an additional 42,926 shares during the period. Principal Financial Group Inc. raised its stake in shares of UDR by 45.7% in the fourth quarter. Principal Financial Group Inc. now owns 512,540 shares of the real estate investment trust's stock worth $22,249,000 after buying an additional 160,708 shares during the period. JPMorgan Chase & Co. lifted its position 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 valued at $352,498,000 after buying an additional 368,087 shares in the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd grew its stake 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 acquiring an additional 6,217 shares during the period. Finally, Daiwa Securities Group Inc. increased its holdings in UDR by 2.3% in the 3rd quarter. Daiwa Securities Group Inc. now owns 7,109,980 shares of the real estate investment trust's stock worth $322,366,000 after acquiring an additional 159,625 shares in the last quarter. Hedge funds and other institutional investors own 97.84% of the company's stock.

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UDR Price Performance

Shares of NYSE UDR traded up $0.25 during mid-day trading on Wednesday, hitting $44.33. 1,136,574 shares of the company's stock traded hands, compared to its average volume of 2,070,175. The company has a debt-to-equity ratio of 1.71, a current ratio of 5.61 and a quick ratio of 5.91. UDR, Inc. has a 1 year low of $35.14 and a 1 year high of $47.55. The company's 50-day moving average is $42.87 and its two-hundred day moving average is $43.77. The company has a market capitalization of $14.68 billion, a P/E ratio of 177.30, a PEG ratio of 8.67 and a beta of 0.88.

UDR (NYSE:UDR - Get Free Report) last issued its quarterly earnings data 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 return on equity of 2.65% and a net margin of 5.36%. On average, equities analysts anticipate 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 paid a dividend of $0.43 per share. This represents a $1.72 annualized dividend and a yield of 3.88%. 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 payout ratio is presently 688.00%.

Insider Buying and Selling at UDR

In other UDR news, CEO Thomas W. Toomey sold 25,000 shares of the firm's stock in a transaction dated Thursday, February 20th. The shares were sold at an average price of $42.75, for a total value of $1,068,750.00. Following the completion of the sale, the chief executive officer now owns 824,716 shares of the company's stock, valued at $35,256,609. This trade represents a 2.94 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 3.73% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on UDR shares. Mizuho lowered their price target on shares of UDR from $47.00 to $45.00 and set a "neutral" rating on the stock in a report on Monday, January 6th. Wells Fargo & Company lowered their target price on shares of UDR from $48.00 to $45.00 and set an "overweight" rating on the stock in a research note on Friday, January 24th. Scotiabank increased their price target on UDR from $48.00 to $49.00 and gave the stock a "sector perform" rating in a research note on Friday, February 14th. StockNews.com upgraded UDR from a "sell" rating to a "hold" rating in a research report on Thursday, February 6th. Finally, Evercore ISI upped their price objective on UDR from $43.00 to $45.00 and gave the stock an "in-line" rating in a research note on Monday, February 10th. One investment analyst has rated the stock with a sell rating, eleven have assigned a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus target price of $46.12.

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.