UDR, Inc. (NYSE:UDR) Shares Bought by BNP Paribas Financial Markets

BNP Paribas Financial Markets grew its stake in UDR, Inc. (NYSE:UDR) by 20.4% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 496,585 shares of the real estate investment trust’s stock after buying an additional 84,303 shares during the period. BNP Paribas Financial Markets owned 0.15% of UDR worth $21,557,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of UDR. Vanguard Group Inc. boosted its holdings in shares of UDR by 0.4% in 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 acquiring an additional 180,551 shares during the period. Norges Bank acquired a new stake in UDR during the 4th quarter worth $1,273,442,000. Capital Research Global Investors grew its position in UDR by 64.1% during the 4th quarter. Capital Research Global Investors now owns 13,060,120 shares of the real estate investment trust’s stock worth $566,940,000 after purchasing an additional 5,101,668 shares during the last quarter. FMR LLC grew its position in UDR by 10.5% during the 4th 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 last quarter. Finally, Geode Capital Management LLC raised its holdings in shares of UDR by 2.9% in 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 buying an additional 220,293 shares during the last quarter. 97.84% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at UDR

In other news, CEO Thomas W. Toomey sold 25,000 shares of the stock in a transaction dated 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 transaction, the chief executive officer now directly owns 824,716 shares in the company, valued at $35,256,609. This represents a 2.94 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Insiders own 3.39% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on the company. Wells Fargo & Company cut their price target on UDR from $48.00 to $45.00 and set an “overweight” rating for the company in a research note on Friday, January 24th. Evercore ISI raised their target price on shares of UDR from $43.00 to $45.00 and gave the stock an “in-line” rating in a research note on Monday, February 10th. Scotiabank boosted their price target on shares of UDR from $48.00 to $49.00 and gave the stock a “sector perform” rating in a research note on Friday, February 14th. StockNews.com upgraded shares of UDR from a “sell” rating to a “hold” rating in a research report on Thursday, February 6th. Finally, Truist Financial cut UDR from a “buy” rating to a “hold” rating and boosted their target price for the stock from $45.00 to $46.00 in a research report on Monday, March 10th. One investment analyst has rated the stock with a sell rating, eleven have given a hold rating and seven have issued a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $46.29.

UDR Price Performance

Shares of NYSE:UDR opened at $42.32 on Friday. The company has a debt-to-equity ratio of 1.71, a quick ratio of 5.91 and a current ratio of 5.61. The business’s fifty day moving average price is $42.45 and its two-hundred day moving average price is $43.01. The stock has a market cap of $14.02 billion, a PE ratio of 169.28, a price-to-earnings-growth ratio of 8.67 and a beta of 0.84. UDR, Inc. has a one year low of $36.61 and a one year high of $47.55.

UDR (NYSE:UDR) last posted its quarterly earnings data on Wednesday, April 30th. The real estate investment trust reported $0.61 EPS for the quarter, hitting analysts’ consensus estimates of $0.61. The firm had revenue of $419.84 million during the quarter, compared to analysts’ expectations of $421.23 million. UDR had a return on equity of 2.65% and a net margin of 5.36%. The firm’s quarterly revenue was up 2.0% compared to the same quarter last year. During the same quarter last year, the business posted $0.61 EPS. On average, analysts forecast that UDR, Inc. will post 2.51 EPS for the current fiscal year.

UDR Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, April 30th. Shareholders of record on Thursday, April 10th were issued a $0.43 dividend. The ex-dividend date of this dividend was Thursday, April 10th. This is an increase from UDR’s previous quarterly dividend of $0.43. This represents a $1.72 annualized dividend and a yield of 4.06%. UDR’s payout ratio is 491.43%.

About UDR

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.