UDR, Inc. (NYSE:UDR) Shares Sold by Securian Asset Management Inc.

Securian Asset Management Inc. lowered its position in shares of UDR, Inc. (NYSE:UDR) by 2.8% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 16,137 shares of the real estate investment trust’s stock after selling 463 shares during the period. Securian Asset Management Inc.’s holdings in UDR were worth $701,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also made changes to their positions in UDR. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in shares of UDR by 862.3% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 3,086,964 shares of the real estate investment trust’s stock worth $139,963,000 after buying an additional 2,766,172 shares during the last quarter. FMR LLC increased its holdings in shares of UDR by 14.8% during the 3rd quarter. FMR LLC now owns 11,401,026 shares of the real estate investment trust’s stock worth $516,923,000 after buying an additional 1,471,855 shares during the last quarter. Raymond James Financial Inc. purchased a new position in shares of UDR during the 4th quarter worth approximately $22,662,000. JPMorgan Chase & Co. boosted its position in shares of UDR by 5.0% during the 3rd quarter. JPMorgan Chase & Co. now owns 7,774,541 shares of the real estate investment trust’s stock worth $352,498,000 after purchasing an additional 368,087 shares during the period. Finally, Janus Henderson Group PLC boosted its position in shares of UDR by 25.6% during the 3rd quarter. Janus Henderson Group PLC now owns 1,544,796 shares of the real estate investment trust’s stock worth $70,048,000 after purchasing an additional 315,105 shares during the period. Institutional investors and hedge funds own 97.84% of the company’s stock.

Insider Buying and Selling

In related news, CEO Thomas W. Toomey sold 25,000 shares of UDR stock in a transaction 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 sale, the chief executive officer now directly owns 824,716 shares in the company, valued at $35,256,609. This trade represents a 2.94 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 3.73% of the stock is owned by company insiders.

UDR Price Performance

Shares of UDR opened at $43.27 on Monday. UDR, Inc. has a twelve month low of $35.14 and a twelve month high of $47.55. The firm’s fifty day simple moving average is $42.49 and its 200-day simple moving average is $43.80. The firm has a market capitalization of $14.33 billion, a price-to-earnings ratio of 173.10, a PEG ratio of 8.67 and a beta of 0.88. The company has a current ratio of 5.61, a quick ratio of 5.91 and a debt-to-equity ratio of 1.71.

UDR (NYSE:UDR) last announced its quarterly earnings data on Wednesday, February 5th. The real estate investment trust reported $0.63 earnings per share for the quarter, beating analysts’ consensus estimates of $0.10 by $0.53. UDR had a net margin of 5.36% and a return on equity of 2.65%. Equities analysts forecast that UDR, Inc. will post 2.51 EPS for the current fiscal 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 dividend of $0.43 per share. This is a positive change from UDR’s previous quarterly dividend of $0.43. This represents a $1.72 annualized dividend and a yield of 3.97%. The ex-dividend date of this dividend is Thursday, April 10th. UDR’s dividend payout ratio (DPR) is currently 688.00%.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on the stock. Mizuho lowered their price objective on shares of UDR from $47.00 to $45.00 and set a “neutral” rating for the company in a research report on Monday, January 6th. Evercore ISI increased their price objective on shares of UDR from $43.00 to $45.00 and gave the stock an “in-line” rating in a research report on Monday, February 10th. Wells Fargo & Company lowered their price objective on shares of UDR from $48.00 to $45.00 and set an “overweight” rating for the company in a research report on Friday, January 24th. Scotiabank increased their price objective on shares of UDR from $48.00 to $49.00 and gave the stock a “sector perform” rating in a research report on Friday, February 14th. Finally, Truist Financial cut shares of UDR from a “buy” rating to a “hold” rating and increased their price objective for the stock from $45.00 to $46.00 in a research report on Monday, March 10th. One equities research 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’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $46.12.

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.