UDR, Inc. (NYSE:UDR) Shares Acquired by DnB Asset Management AS

DnB Asset Management AS increased its stake in UDR, Inc. (NYSE:UDR) by 5.0% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 51,829 shares of the real estate investment trust’s stock after purchasing an additional 2,482 shares during the period. DnB Asset Management AS’s holdings in UDR were worth $2,250,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Continuum Advisory LLC boosted 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 valued at $41,000 after purchasing an additional 907 shares during the period. Smartleaf Asset Management LLC raised its holdings in shares of UDR by 68.7% during 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 buying an additional 491 shares during the last quarter. Salem Investment Counselors Inc. raised its holdings in shares of UDR by 62.7% during the fourth 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 last quarter. Catalyst Capital Advisors LLC acquired a new position in shares of UDR during the fourth quarter worth approximately $63,000. Finally, Eastern Bank bought a new position in UDR in the 4th quarter worth approximately $68,000. Institutional investors and hedge funds own 97.84% of the company’s stock.

UDR Trading Down 0.1 %

Shares of NYSE UDR opened at $45.15 on Wednesday. The business has a fifty day simple moving average of $43.22 and a 200-day simple moving average of $43.72. 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 cap of $14.95 billion, a price-to-earnings ratio of 180.58, a P/E/G ratio of 8.67 and a beta of 0.88. UDR, Inc. has a 12 month low of $35.14 and a 12 month high of $47.55.

UDR (NYSE:UDR) last posted its quarterly earnings data on Wednesday, February 5th. The real estate investment trust reported $0.63 EPS for the quarter, topping 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%. Sell-side analysts predict that UDR, Inc. will post 2.51 EPS for the current year.

UDR Increases Dividend

The business 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 dividend on an annualized basis and a dividend yield of 3.81%. 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 dividend payout ratio is 688.00%.

Insider Buying and Selling

In other news, CEO Thomas W. Toomey sold 25,000 shares of the company’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 transaction, the chief executive officer now directly owns 824,716 shares of the company’s stock, valued at approximately $35,256,609. This represents a 2.94 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 3.73% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Several analysts have weighed in on the company. Jefferies Financial Group downgraded UDR from a “buy” rating to a “hold” rating and cut their target price for the company from $50.00 to $45.00 in a research note on Thursday, January 2nd. Barclays cut their price objective on shares of UDR from $50.00 to $48.00 and set an “overweight” rating on the stock in a research note on Friday, January 24th. Mizuho decreased their target price on shares of UDR from $47.00 to $45.00 and set a “neutral” rating for the company in a research report on Monday, January 6th. Truist Financial cut shares of UDR from a “buy” rating to a “hold” rating and raised their target price for the company from $45.00 to $46.00 in a research note on Monday, March 10th. Finally, Royal Bank of Canada upped their price target on shares of UDR from $43.00 to $44.00 and gave the stock a “sector perform” rating in a research note on Friday, February 7th. One equities research analyst has rated the stock with a sell rating, eleven have issued a hold rating and seven have issued a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $46.12.

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.