UniSuper Management Pty Ltd Increases Position in UDR, Inc. (NYSE:UDR)

UniSuper Management Pty Ltd lifted its position in shares of UDR, Inc. (NYSE:UDR) by 6.8% during the fourth quarter, Holdings Channel reports. The institutional investor owned 139,587 shares of the real estate investment trust’s stock after purchasing an additional 8,858 shares during the period. UniSuper Management Pty Ltd’s holdings in UDR were worth $6,059,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of UDR. Cerity Partners LLC lifted its position in shares of UDR by 0.6% in the third quarter. Cerity Partners LLC now owns 128,712 shares of the real estate investment trust’s stock valued at $5,836,000 after acquiring an additional 798 shares in the last quarter. Algert Global LLC purchased a new position in UDR in the 3rd quarter worth approximately $442,000. FMR LLC lifted its holdings in UDR by 14.8% in the 3rd quarter. FMR LLC now owns 11,401,026 shares of the real estate investment trust’s stock worth $516,923,000 after purchasing an additional 1,471,855 shares in the last quarter. Brooklyn Investment Group bought a new position in UDR in the 3rd quarter worth approximately $33,000. Finally, BNP Paribas Financial Markets grew its holdings in UDR by 52.7% during the 3rd quarter. BNP Paribas Financial Markets now owns 412,282 shares of the real estate investment trust’s stock valued at $18,693,000 after buying an additional 142,329 shares in the last quarter. Institutional investors own 97.84% of the company’s stock.

Insider Activity at UDR

In other news, CEO Thomas W. Toomey sold 25,000 shares of the firm’s stock in a transaction that occurred 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 transaction, the chief executive officer now directly owns 824,716 shares of the company’s stock, valued at approximately $35,256,609. This trade represents a 2.94 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 3.73% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

UDR has been the subject of a number of research reports. Barclays dropped their target price on shares of UDR from $50.00 to $48.00 and set an “overweight” rating for the company in a research report on Friday, January 24th. Royal Bank of Canada raised their price objective on UDR from $43.00 to $44.00 and gave the company a “sector perform” rating in a research report on Friday, February 7th. Mizuho reduced their target price on UDR from $47.00 to $45.00 and set a “neutral” rating on the stock in a report on Monday, January 6th. Zelman & Associates reissued a “neutral” rating on shares of UDR in a research note on Thursday, February 13th. Finally, Truist Financial downgraded UDR from a “buy” rating to a “hold” rating and lifted their price objective for the stock from $45.00 to $46.00 in a research note on Monday, March 10th. One equities 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. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $46.12.

UDR Stock Down 0.3 %

Shares of NYSE UDR opened at $44.24 on Friday. UDR, Inc. has a 1 year low of $35.14 and a 1 year high of $47.55. The firm has a 50-day simple moving average of $43.00 and a two-hundred day simple moving average of $43.77. The company has a market cap of $14.65 billion, a P/E ratio of 176.94, a PEG ratio of 8.67 and a beta of 0.88. The company has a debt-to-equity ratio of 1.71, a current ratio of 5.61 and a quick ratio of 5.91.

UDR (NYSE:UDR) last posted its quarterly earnings data on Wednesday, February 5th. The real estate investment trust reported $0.63 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.10 by $0.53. UDR had a return on equity of 2.65% and a net margin of 5.36%. Research analysts anticipate that UDR, Inc. will post 2.51 earnings per share for the current year.

UDR Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 30th. Investors of record on Thursday, April 10th will be paid a $0.43 dividend. This represents a $1.72 annualized dividend and a yield of 3.89%. The ex-dividend date of this dividend is Thursday, April 10th. This is an increase from UDR’s previous quarterly dividend of $0.43. UDR’s dividend payout ratio (DPR) is currently 688.00%.

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.