Fox Run Management L.L.C. Invests $245,000 in UDR, Inc. (NYSE:UDR)

Fox Run Management L.L.C. bought a new stake in shares of UDR, Inc. (NYSE:UDR) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor bought 5,653 shares of the real estate investment trust’s stock, valued at approximately $245,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in UDR. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in UDR by 862.3% during the third 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 acquiring an additional 2,766,172 shares during the period. FMR LLC grew its position 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 during the last quarter. Raymond James Financial Inc. bought a new position in shares of UDR during the 4th quarter worth about $22,662,000. JPMorgan Chase & Co. lifted its stake in shares of UDR by 5.0% in the third quarter. JPMorgan Chase & Co. now owns 7,774,541 shares of the real estate investment trust’s stock valued at $352,498,000 after buying an additional 368,087 shares during the period. Finally, Janus Henderson Group PLC grew its position in UDR by 25.6% during the third quarter. Janus Henderson Group PLC now owns 1,544,796 shares of the real estate investment trust’s stock worth $70,048,000 after buying an additional 315,105 shares in the last quarter. Institutional investors and hedge funds own 97.84% of the company’s stock.

UDR Stock Performance

Shares of NYSE:UDR opened at $44.24 on Friday. The business has a fifty day moving average of $43.00 and a 200-day moving average of $43.77. The company has a debt-to-equity ratio of 1.71, a quick ratio of 5.91 and a current ratio of 5.61. UDR, Inc. has a twelve month low of $35.14 and a twelve month high of $47.55. The firm has a market cap of $14.65 billion, a PE ratio of 176.94, a price-to-earnings-growth ratio of 8.67 and a beta of 0.88.

UDR (NYSE:UDR) last issued its quarterly earnings data on Wednesday, February 5th. The real estate investment trust reported $0.63 EPS for the quarter, topping 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%. On average, equities research analysts predict that UDR, Inc. will post 2.51 EPS for the current fiscal year.

UDR Increases Dividend

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

Insiders Place Their Bets

In other news, CEO Thomas W. Toomey sold 25,000 shares of the business’s stock in a transaction on 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 sale, the chief executive officer now owns 824,716 shares in the company, valued at $35,256,609. The trade was a 2.94 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Company insiders own 3.73% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have commented on the company. Barclays cut their price target on UDR from $50.00 to $48.00 and set an “overweight” rating for the company in a report on Friday, January 24th. Evercore ISI raised their target price on UDR from $43.00 to $45.00 and gave the stock an “in-line” rating in a research report on Monday, February 10th. Royal Bank of Canada lifted their price target on shares of UDR from $43.00 to $44.00 and gave the stock a “sector perform” rating in a research note on Friday, February 7th. Truist Financial cut shares of UDR from a “buy” rating to a “hold” rating and increased their price objective for the company from $45.00 to $46.00 in a research note on Monday, March 10th. Finally, Mizuho decreased their target price on shares of UDR from $47.00 to $45.00 and set a “neutral” rating on the stock in a research report on Monday, January 6th. One investment analyst has rated the stock with a sell rating, eleven have assigned a hold rating and seven have given a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price 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.