APG Asset Management N.V. Acquires 158,100 Shares of UDR, Inc. (NYSE:UDR)

APG Asset Management N.V. lifted its stake in UDR, Inc. (NYSE:UDR) by 96.0% during the fourth quarter, HoldingsChannel reports. The firm owned 322,800 shares of the real estate investment trust’s stock after purchasing an additional 158,100 shares during the period. APG Asset Management N.V.’s holdings in UDR were worth $13,532,000 at the end of the most recent quarter.

Several other institutional investors also recently added to or reduced their stakes in the stock. Renaissance Technologies LLC grew its stake in UDR by 27.7% in the 4th quarter. Renaissance Technologies LLC now owns 661,436 shares of the real estate investment trust’s stock worth $28,713,000 after acquiring an additional 143,600 shares in the last quarter. Bank of Nova Scotia grew its stake in UDR by 3.9% in the fourth quarter. Bank of Nova Scotia now owns 40,529 shares of the real estate investment trust’s stock worth $1,759,000 after purchasing an additional 1,507 shares in the last quarter. Invesco Ltd. increased its holdings in UDR by 92.0% during the 4th quarter. Invesco Ltd. now owns 7,535,234 shares of the real estate investment trust’s stock worth $327,104,000 after purchasing an additional 3,609,925 shares during the period. Bank of Montreal Can raised its position in UDR by 12.9% during the 4th quarter. Bank of Montreal Can now owns 500,465 shares of the real estate investment trust’s stock valued at $21,725,000 after purchasing an additional 57,231 shares in the last quarter. Finally, FMR LLC lifted its holdings in shares of UDR by 10.5% in the 4th quarter. FMR LLC now owns 12,592,458 shares of the real estate investment trust’s stock worth $546,639,000 after buying an additional 1,191,432 shares during the period. Hedge funds and other institutional investors own 97.84% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on UDR shares. Barclays decreased their price objective on UDR from $50.00 to $48.00 and set an “overweight” rating for the company in a report on Friday, January 24th. Jefferies Financial Group lowered shares of UDR from a “buy” rating to a “hold” rating and reduced their price target for the company from $50.00 to $45.00 in a report on Thursday, January 2nd. StockNews.com raised shares of UDR from a “sell” rating to a “hold” rating in a research report on Thursday, February 6th. Mizuho cut their price objective 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. Finally, Truist Financial lowered UDR from a “buy” rating to a “hold” rating and upped their target price for the stock from $45.00 to $46.00 in a report on Monday, March 10th. One investment 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. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $46.12.

Insider Buying and Selling

In related 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 transaction of $1,068,750.00. Following the completion of the transaction, 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 SEC, which is available at this hyperlink. Corporate insiders own 3.73% of the company’s stock.

UDR Stock Down 4.0 %

NYSE:UDR opened at $39.41 on Friday. The company has a current ratio of 5.61, a quick ratio of 5.91 and a debt-to-equity ratio of 1.71. UDR, Inc. has a twelve month low of $35.14 and a twelve month high of $47.55. The company has a market cap of $13.05 billion, a PE ratio of 157.64, a P/E/G ratio of 8.67 and a beta of 0.78. The company’s 50 day moving average is $43.14 and its two-hundred day moving average is $43.41.

UDR (NYSE:UDR) last released its earnings results on Wednesday, February 5th. The real estate investment trust reported $0.63 earnings per share (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%. Analysts anticipate that UDR, Inc. will post 2.51 EPS for the current year.

UDR Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 30th. Investors of record on Thursday, April 10th will be issued a dividend of $0.43 per share. This is an increase from UDR’s previous quarterly dividend of $0.43. The ex-dividend date is Thursday, April 10th. This represents a $1.72 dividend on an annualized basis and a dividend yield of 4.36%. UDR’s payout ratio is 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.