XTX Topco Ltd Acquires 7,921 Shares of UDR, Inc. (NYSE:UDR)

XTX Topco Ltd lifted its holdings in UDR, Inc. (NYSE:UDR - Free Report) by 166.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 12,673 shares of the real estate investment trust's stock after purchasing an additional 7,921 shares during the quarter. XTX Topco Ltd's holdings in UDR were worth $550,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Smartleaf Asset Management LLC lifted its stake in UDR by 68.7% in the fourth 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. Salem Investment Counselors Inc. raised its holdings 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 valued at $59,000 after purchasing an additional 520 shares during the period. Catalyst Capital Advisors LLC acquired a new stake in UDR in the 4th quarter valued at about $63,000. Eastern Bank bought a new position in UDR during the fourth quarter worth about $68,000. Finally, Crews Bank & Trust acquired a new position in UDR during the fourth quarter worth approximately $76,000. Institutional investors and hedge funds own 97.84% of the company's stock.

Insider Activity

In other UDR news, CEO Thomas W. Toomey sold 25,000 shares of the firm's stock in a transaction on 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 directly owns 824,716 shares in the company, valued at approximately $35,256,609. This trade represents a 2.94 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 3.39% of the company's stock.

Wall Street Analyst Weigh In

UDR has been the subject of a number of recent analyst reports. Truist Financial cut UDR from a "buy" rating to a "hold" rating and raised their price objective for the company from $45.00 to $46.00 in a research report on Monday, March 10th. Barclays cut their target price on shares of UDR from $50.00 to $48.00 and set an "overweight" rating for the company in a research note on Friday, January 24th. Scotiabank upped their price target on shares of UDR from $48.00 to $49.00 and gave the company a "sector perform" rating in a research note on Friday, February 14th. Evercore ISI increased their price target on shares of UDR from $43.00 to $45.00 and gave the company an "in-line" rating in a report on Monday, February 10th. Finally, Mizuho reduced their price objective on UDR from $47.00 to $45.00 and set a "neutral" rating for the company in a report on Monday, January 6th. 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 company's stock. According to MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus target price of $46.12.

UDR Price Performance

Shares of NYSE:UDR traded down $0.12 during midday trading on Friday, hitting $41.46. The stock had a trading volume of 352,424 shares, compared to its average volume of 2,170,468. The company's 50-day moving average price is $42.81 and its 200-day moving average price is $43.15. UDR, Inc. has a fifty-two week low of $36.61 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 market capitalization of $13.73 billion, a P/E ratio of 165.75, a price-to-earnings-growth ratio of 8.67 and a beta of 0.78.

UDR (NYSE:UDR - Get Free Report) last issued its earnings results on Wednesday, February 5th. The real estate investment trust reported $0.63 earnings per share 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%. As a group, equities research analysts predict that UDR, Inc. will post 2.51 EPS for the current fiscal year.

UDR Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 30th. Shareholders of record on Thursday, April 10th will be given a $0.43 dividend. The ex-dividend date of this dividend is Thursday, April 10th. This is an increase from UDR's previous quarterly dividend of $0.43. This represents a $1.72 annualized dividend and a yield of 4.15%. UDR's dividend payout ratio (DPR) is currently 688.00%.

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.