Uniplan Investment Counsel Inc. Buys New Holdings in UDR, Inc. (NYSE:UDR)

Uniplan Investment Counsel Inc. bought a new position in UDR, Inc. (NYSE:UDR) during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund bought 33,720 shares of the real estate investment trust’s stock, valued at approximately $1,464,000.

Several other institutional investors have also bought and sold shares of UDR. Norges Bank purchased a new stake in shares of UDR during the fourth quarter valued at $1,273,442,000. Capital Research Global Investors lifted its position in UDR by 64.1% during the fourth 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. Invesco Ltd. lifted its holdings in shares of UDR by 92.0% during the 4th quarter. Invesco Ltd. now owns 7,535,234 shares of the real estate investment trust’s stock valued at $327,104,000 after purchasing an additional 3,609,925 shares during the last quarter. FMR LLC boosted its holdings 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 acquiring an additional 1,191,432 shares in the last quarter. Finally, Prudential Financial Inc. boosted its stake in UDR by 24.2% in the 4th quarter. Prudential Financial Inc. now owns 2,989,563 shares of the real estate investment trust’s stock worth $129,777,000 after purchasing an additional 583,126 shares in the last quarter. Institutional investors own 97.84% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have commented on the company. Barclays lowered their price target on UDR from $50.00 to $48.00 and set an “overweight” rating for the company in a research report 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 note on Monday, January 6th. Scotiabank increased their price target on UDR from $48.00 to $49.00 and gave the stock a “sector perform” rating in a research report on Friday, February 14th. Evercore ISI lifted their target price on shares of UDR from $43.00 to $45.00 and gave the company an “in-line” rating in a research report on Monday, February 10th. Finally, Truist Financial lowered UDR from a “buy” rating to a “hold” rating and lifted their price target for the stock from $45.00 to $46.00 in a research note on Monday, March 10th. One research analyst has rated the stock with a sell rating, eleven have assigned a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $46.12.

Insider Activity at UDR

In other news, CEO Thomas W. Toomey sold 25,000 shares of the company’s 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 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 position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 3.39% of the stock is owned by corporate insiders.

UDR Price Performance

Shares of UDR opened at $41.56 on Wednesday. UDR, Inc. has a 1-year low of $36.61 and a 1-year high of $47.55. The company has a debt-to-equity ratio of 1.71, a current ratio of 5.61 and a quick ratio of 5.91. The firm has a 50-day simple moving average of $42.86 and a two-hundred day simple moving average of $43.18. The stock has a market cap of $13.76 billion, a PE ratio of 166.24, a P/E/G ratio of 8.67 and a beta of 0.78.

UDR (NYSE:UDR) last released its earnings results 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 return on equity of 2.65% and a net margin of 5.36%. As a group, analysts forecast 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. Shareholders of record on Thursday, April 10th will be given 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 yield of 4.14%. This is a positive change from UDR’s previous quarterly dividend of $0.43. UDR’s dividend payout ratio (DPR) is currently 688.00%.

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.