Landscape Capital Management L.L.C. Boosts Holdings in UDR, Inc. (NYSE:UDR)

Landscape Capital Management L.L.C. increased its holdings in UDR, Inc. (NYSE:UDR) by 131.7% during the 4th quarter, HoldingsChannel reports. The fund owned 17,044 shares of the real estate investment trust’s stock after acquiring an additional 9,689 shares during the quarter. Landscape Capital Management L.L.C.’s holdings in UDR were worth $740,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Continuum Advisory LLC raised its position in shares of UDR by 5,335.3% in 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 in the last quarter. Smartleaf Asset Management LLC boosted its stake 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 valued at $52,000 after acquiring an additional 491 shares during the last quarter. Salem Investment Counselors Inc. grew its holdings in UDR by 62.7% during the 4th quarter. Salem Investment Counselors Inc. now owns 1,349 shares of the real estate investment trust’s stock worth $59,000 after acquiring an additional 520 shares in the last quarter. Catalyst Capital Advisors LLC bought a new stake in shares of UDR in the 4th quarter worth about $63,000. Finally, Eastern Bank acquired a new stake in shares of UDR in the 4th quarter valued at about $68,000. Institutional investors and hedge funds own 97.84% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on the company. Evercore ISI lifted their price target on UDR from $43.00 to $45.00 and gave the stock an “in-line” rating in a research note on Monday, February 10th. Truist Financial lowered UDR from a “buy” rating to a “hold” rating and lifted their target price for the stock from $45.00 to $46.00 in a research report on Monday, March 10th. Zelman & Associates reissued a “neutral” rating on shares of UDR in a research report on Thursday, February 13th. Royal Bank of Canada raised their price objective on UDR from $43.00 to $44.00 and gave the stock a “sector perform” rating in a research note on Friday, February 7th. Finally, StockNews.com upgraded shares of UDR from a “sell” rating to a “hold” rating in a research note on Thursday, February 6th. One research 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.com, UDR presently has a consensus rating of “Hold” and an average price target of $46.12.

Insider Activity

In other news, CEO Thomas W. Toomey sold 25,000 shares of the business’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 sale, 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders own 3.73% of the company’s stock.

UDR Stock Performance

Shares of UDR opened at $40.46 on Monday. The firm has a 50-day moving average price of $43.38 and a 200 day moving average price of $43.65. UDR, Inc. has a 52-week low of $35.14 and a 52-week high of $47.55. The firm has a market capitalization of $13.40 billion, a PE ratio of 161.84, a P/E/G ratio of 8.67 and a beta of 0.78. 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) last posted its quarterly earnings data on Wednesday, February 5th. The real estate investment trust reported $0.63 earnings per share for the quarter, beating the consensus estimate of $0.10 by $0.53. UDR had a net margin of 5.36% and a return on equity of 2.65%. On average, sell-side analysts anticipate that UDR, Inc. will post 2.51 earnings per share for the current fiscal year.

UDR Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 30th. Shareholders of record on Thursday, April 10th will be issued a $0.43 dividend. The ex-dividend date of this dividend is Thursday, April 10th. This represents a $1.72 annualized dividend and a dividend yield of 4.25%. This is a boost from UDR’s previous quarterly dividend of $0.43. UDR’s dividend payout ratio 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.