Fjarde AP Fonden Fourth Swedish National Pension Fund Has $3.10 Million Stake in UDR, Inc. (NYSE:UDR)

Fjarde AP Fonden Fourth Swedish National Pension Fund lifted its position in shares of UDR, Inc. (NYSE:UDR) by 77.7% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 71,331 shares of the real estate investment trust’s stock after purchasing an additional 31,200 shares during the quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund’s holdings in UDR were worth $3,096,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Activest Wealth Management acquired a new position in shares of UDR during the third quarter worth approximately $27,000. Brooklyn Investment Group acquired a new position in shares of UDR during the third quarter worth approximately $33,000. Continuum Advisory LLC raised its position in shares of UDR by 5,335.3% during the third quarter. Continuum Advisory LLC now owns 924 shares of the real estate investment trust’s stock worth $41,000 after purchasing an additional 907 shares during the period. Salem Investment Counselors Inc. raised its position in shares of UDR by 62.7% during the fourth quarter. Salem Investment Counselors Inc. now owns 1,349 shares of the real estate investment trust’s stock worth $59,000 after purchasing an additional 520 shares during the period. Finally, Catalyst Capital Advisors LLC acquired a new position in shares of UDR during the fourth quarter worth approximately $63,000. 97.84% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities research analysts recently commented on the company. Wells Fargo & Company lowered their price target on UDR from $48.00 to $45.00 and set an “overweight” rating for the company in a research report on Friday, January 24th. Evercore ISI increased their price target on UDR from $43.00 to $45.00 and gave the company an “in-line” rating in a research report on Monday, February 10th. Jefferies Financial Group lowered UDR from a “buy” rating to a “hold” rating and lowered their price target for the company from $50.00 to $45.00 in a research report on Thursday, January 2nd. Zelman & Associates reissued a “neutral” rating on shares of UDR in a research report on Thursday, February 13th. Finally, StockNews.com raised UDR from a “sell” rating to a “hold” rating in a research report on Thursday, February 6th. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating and eight have issued a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $46.18.

UDR Stock Performance

NYSE:UDR opened at $43.73 on Thursday. The business’s 50-day moving average price is $42.25 and its two-hundred day moving average price is $43.63. UDR, Inc. has a twelve month low of $34.76 and a twelve month high of $47.55. The stock has a market cap of $14.48 billion, a P/E ratio of 174.92, a PEG ratio of 8.67 and a beta of 0.88. 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 released its quarterly 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, equities analysts predict that UDR, Inc. will post 2.51 EPS for the current fiscal year.

UDR Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, January 31st. Investors of record on Thursday, January 9th were issued a dividend of $0.425 per share. The ex-dividend date was Friday, January 10th. This represents a $1.70 dividend on an annualized basis and a dividend yield of 3.89%. UDR’s dividend payout ratio is 680.00%.

Insider Activity at UDR

In related news, CEO Thomas W. Toomey sold 25,000 shares of the firm’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 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 position. The sale was disclosed in a filing with the SEC, which is accessible through this link. 3.73% of the stock is currently owned by insiders.

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.