Norinchukin Bank The Increases Stake in UDR, Inc. (NYSE:UDR)

Norinchukin Bank The increased its position in shares of UDR, Inc. (NYSE:UDR) by 3.5% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 26,928 shares of the real estate investment trust’s stock after purchasing an additional 911 shares during the period. Norinchukin Bank The’s holdings in UDR were worth $1,169,000 at the end of the most recent quarter.

Other hedge funds also recently added to or reduced their stakes in the company. Vanguard Group Inc. grew its stake in shares of UDR by 0.4% during the fourth quarter. Vanguard Group Inc. now owns 50,809,731 shares of the real estate investment trust’s stock valued at $2,205,650,000 after buying an additional 180,551 shares during the last quarter. Norges Bank bought a new position in UDR in the 4th quarter valued at $1,273,442,000. Capital Research Global Investors grew its position in UDR by 64.1% in the 4th quarter. Capital Research Global Investors now owns 13,060,120 shares of the real estate investment trust’s stock valued at $566,940,000 after acquiring an additional 5,101,668 shares during the last quarter. FMR LLC increased its stake in UDR by 10.5% in the fourth quarter. FMR LLC now owns 12,592,458 shares of the real estate investment trust’s stock worth $546,639,000 after purchasing an additional 1,191,432 shares during the period. Finally, Geode Capital Management LLC boosted its stake in shares of UDR by 2.9% during the fourth quarter. Geode Capital Management LLC now owns 7,924,151 shares of the real estate investment trust’s stock valued at $343,129,000 after purchasing an additional 220,293 shares during the period. 97.84% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on UDR. Barclays decreased their price objective on shares of UDR from $50.00 to $48.00 and set an “overweight” rating for the company in a report on Friday, January 24th. Evercore ISI raised their price objective on UDR from $43.00 to $45.00 and gave the stock an “in-line” rating in a report on Monday, February 10th. Zelman & Associates reiterated a “neutral” rating on shares of UDR in a report on Thursday, February 13th. Scotiabank raised their price target on UDR from $48.00 to $49.00 and gave the company a “sector perform” rating in a research note on Friday, February 14th. Finally, StockNews.com raised shares of UDR from a “sell” rating to a “hold” rating in a research note on Thursday, February 6th. One investment analyst has rated the stock with a sell rating, eleven have given a hold rating and seven have given a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $46.12.

Insider Transactions at UDR

In other UDR 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 completion of the sale, the chief executive officer now owns 824,716 shares of the company’s stock, valued at approximately $35,256,609. The trade was a 2.94 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 3.39% of the company’s stock.

UDR Stock Performance

Shares of UDR stock opened at $40.78 on Tuesday. UDR, Inc. has a 12-month low of $36.28 and a 12-month high of $47.55. The business’s fifty day simple moving average is $42.89 and its 200-day simple moving average is $43.19. The company has a current ratio of 5.61, a quick ratio of 5.91 and a debt-to-equity ratio of 1.71. The company has a market cap of $13.51 billion, a PE ratio of 163.12, a PEG ratio of 8.67 and a beta of 0.78.

UDR (NYSE:UDR) last announced 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 expect 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 dividend on an annualized basis and a dividend yield of 4.22%. This is a boost from UDR’s previous quarterly dividend of $0.43. 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.