Zurcher Kantonalbank Zurich Cantonalbank grew its stake in UDR, Inc. (NYSE:UDR - Free Report) by 24.9% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 299,351 shares of the real estate investment trust's stock after acquiring an additional 59,725 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank owned about 0.09% of UDR worth $12,995,000 as of its most recent filing with the SEC.
Several other large investors have also recently made changes to their positions in the stock. Activest Wealth Management acquired a new position in UDR in the 3rd quarter valued at about $27,000. Brooklyn Investment Group acquired a new position in shares of UDR in the third quarter valued at approximately $33,000. Continuum Advisory LLC increased its stake 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 worth $41,000 after buying an additional 907 shares during the period. Smartleaf Asset Management LLC lifted its holdings in 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 worth $52,000 after buying an additional 491 shares in the last quarter. Finally, Salem Investment Counselors Inc. boosted its position in 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 buying an additional 520 shares during the period. 97.84% of the stock is currently owned by institutional investors and hedge funds.
Insider Activity at UDR
In related news, CEO Thomas W. Toomey sold 25,000 shares of UDR stock in a transaction dated 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 transaction, the chief executive officer now directly owns 824,716 shares of the company's stock, valued at $35,256,609. The trade was a 2.94 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 3.73% of the company's stock.
Analyst Upgrades and Downgrades
A number of research firms have recently weighed in on UDR. 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 report on Monday, February 10th. Royal Bank of Canada increased their price target on UDR from $43.00 to $44.00 and gave the company a "sector perform" rating in a research report on Friday, February 7th. Zelman & Associates reaffirmed a "neutral" rating on shares of UDR in a report on Thursday, February 13th. Truist Financial downgraded shares of UDR from a "buy" rating to a "hold" rating and increased their price objective for the company from $45.00 to $46.00 in a research report on Monday. Finally, Wells Fargo & Company dropped their target price on UDR from $48.00 to $45.00 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, eleven have assigned a hold rating and seven have given a buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and an average price target of $46.12.
Read Our Latest Stock Report on UDR
UDR Stock Performance
UDR stock traded down $0.43 during trading on Thursday, hitting $42.54. 1,378,309 shares of the company's stock traded hands, compared to its average volume of 2,037,446. The stock has a market capitalization of $14.09 billion, a price-to-earnings ratio of 170.16, a price-to-earnings-growth ratio of 8.67 and a beta of 0.88. UDR, Inc. has a 52 week low of $35.14 and a 52 week high of $47.55. The stock has a fifty day moving average price of $42.49 and a two-hundred day moving average price of $43.81. The company has a quick ratio of 5.91, a current ratio of 5.61 and a debt-to-equity ratio of 1.71.
UDR (NYSE:UDR - Get Free Report) last announced its quarterly earnings data 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 net margin of 5.36% and a return on equity of 2.65%. As a group, equities analysts anticipate that UDR, Inc. will post 2.51 EPS for the current fiscal year.
UDR Increases Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Thursday, April 10th will be issued a $0.43 dividend. This is a boost from UDR's previous quarterly dividend of $0.43. This represents a $1.72 annualized dividend and a dividend yield of 4.04%. UDR's dividend payout ratio (DPR) is 680.00%.
UDR 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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