Wellington Management Group LLP Reduces Holdings in UDR, Inc. (NYSE:UDR)

Wellington Management Group LLP trimmed its position in UDR, Inc. (NYSE:UDR - Free Report) by 2.3% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 6,926,145 shares of the real estate investment trust's stock after selling 166,649 shares during the quarter. Wellington Management Group LLP owned about 2.09% of UDR worth $300,664,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in UDR. Exchange Traded Concepts LLC grew its holdings in UDR by 8.8% during the 4th quarter. Exchange Traded Concepts LLC now owns 3,330 shares of the real estate investment trust's stock valued at $145,000 after buying an additional 269 shares in the last quarter. Smartleaf Asset Management LLC boosted its position in shares of UDR by 68.7% during 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 acquiring an additional 491 shares during the last quarter. IRON Financial LLC grew its holdings in shares of UDR by 3.0% in the fourth quarter. IRON Financial LLC now owns 17,674 shares of the real estate investment trust's stock valued at $767,000 after purchasing an additional 511 shares in the last quarter. Salem Investment Counselors Inc. increased its position in UDR by 62.7% in the fourth 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 last quarter. Finally, Empowered Funds LLC lifted its position in UDR by 10.4% during the fourth quarter. Empowered Funds LLC now owns 5,792 shares of the real estate investment trust's stock valued at $251,000 after purchasing an additional 546 shares during the last quarter. 97.84% of the stock is currently owned by hedge funds and other institutional investors.

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Insider Activity

In other UDR news, CEO Thomas W. Toomey sold 25,000 shares of the company's 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 sale, the chief executive officer now owns 824,716 shares in the company, valued at $35,256,609. This represents a 2.94 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 3.73% of the company's stock.

Analysts Set New Price Targets

Several analysts have recently issued reports on the stock. Scotiabank upped their target price on shares of UDR from $48.00 to $49.00 and gave the company a "sector perform" rating in a research report on Friday, February 14th. Jefferies Financial Group downgraded UDR from a "buy" rating to a "hold" rating and decreased their price objective for the company from $50.00 to $45.00 in a research report on Thursday, January 2nd. Barclays dropped their target price on UDR from $50.00 to $48.00 and set an "overweight" rating for the company in a report on Friday, January 24th. Evercore ISI increased their price target on UDR from $43.00 to $45.00 and gave the company an "in-line" rating in a report on Monday, February 10th. Finally, Mizuho dropped their price objective on shares of UDR from $47.00 to $45.00 and set a "neutral" rating for the company in a research note on Monday, January 6th. One investment analyst has rated the stock with a sell rating, eleven have issued a hold rating and seven have given a buy rating to the company's stock. Based on data from MarketBeat.com, UDR presently has a consensus rating of "Hold" and a consensus price target of $46.12.

UDR Stock Down 3.7 %

NYSE UDR traded down $1.70 on Thursday, reaching $43.67. 3,994,164 shares of the stock traded hands, compared to its average volume of 2,183,878. UDR, Inc. has a 12 month low of $35.14 and a 12 month high of $47.55. The company has a market cap of $14.46 billion, a price-to-earnings ratio of 174.66, a PEG ratio of 8.67 and a beta of 0.88. The company has a fifty day moving average price of $43.32 and a 200-day moving average price of $43.73. The company has a debt-to-equity ratio of 1.71, a quick ratio of 5.91 and a current ratio of 5.61.

UDR (NYSE:UDR - Get Free Report) last announced its quarterly earnings results on Wednesday, February 5th. The real estate investment trust reported $0.63 EPS for the quarter, beating 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, research analysts forecast that UDR, Inc. will post 2.51 EPS for the current fiscal year.

UDR Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Thursday, April 10th will be given a $0.43 dividend. This represents a $1.72 annualized dividend and a dividend yield of 3.94%. The ex-dividend date of this dividend is Thursday, April 10th. This is a boost from UDR's previous quarterly dividend of $0.43. UDR's dividend payout ratio 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.