Geode Capital Management LLC Buys 220,293 Shares of UDR, Inc. (NYSE:UDR)

Geode Capital Management LLC boosted its position in UDR, Inc. (NYSE:UDR) by 2.9% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 7,924,151 shares of the real estate investment trust’s stock after purchasing an additional 220,293 shares during the period. Geode Capital Management LLC owned about 2.40% of UDR worth $343,129,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of UDR. Exchange Traded Concepts LLC lifted its position in shares of UDR by 8.8% during the 4th quarter. Exchange Traded Concepts LLC now owns 3,330 shares of the real estate investment trust’s stock valued at $145,000 after buying an additional 269 shares during the last quarter. Smartleaf Asset Management LLC raised its stake in UDR by 68.7% in the 4th quarter. Smartleaf Asset Management LLC now owns 1,206 shares of the real estate investment trust’s stock valued at $52,000 after acquiring an additional 491 shares during the period. IRON Financial LLC boosted its position in UDR by 3.0% during the fourth quarter. IRON Financial LLC now owns 17,674 shares of the real estate investment trust’s stock worth $767,000 after purchasing an additional 511 shares during the period. Salem Investment Counselors Inc. boosted its position in 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, Empowered Funds LLC increased its stake in shares of UDR by 10.4% in the fourth quarter. Empowered Funds LLC now owns 5,792 shares of the real estate investment trust’s stock worth $251,000 after purchasing an additional 546 shares in the last quarter. 97.84% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several research firms recently commented on UDR. Scotiabank raised their price objective on shares of UDR from $48.00 to $49.00 and gave the stock a “sector perform” rating in a report on Friday, February 14th. Mizuho reduced their price target on UDR from $47.00 to $45.00 and set a “neutral” rating for the company in a research report on Monday, January 6th. Barclays decreased their price objective on UDR from $50.00 to $48.00 and set an “overweight” rating on the stock in a research note 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 note on Monday, February 10th. Finally, Truist Financial cut UDR from a “buy” rating to a “hold” rating and upped their price target for the company from $45.00 to $46.00 in a research report on Monday, March 10th. One 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 data from MarketBeat.com, UDR currently has a consensus rating of “Hold” and a consensus price target of $46.12.

Insider Activity at UDR

In other 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 ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 3.73% of the stock is owned by insiders.

UDR Stock Down 7.4 %

UDR opened at $40.46 on Friday. The business’s fifty day simple moving average is $43.38 and its 200 day simple moving average is $43.69. UDR, Inc. has a 52 week low of $35.14 and a 52 week high of $47.55. The company has a quick ratio of 5.91, a current ratio of 5.61 and a debt-to-equity ratio of 1.71. The stock has a market cap of $13.40 billion, a PE ratio of 161.84, a P/E/G ratio of 8.67 and a beta of 0.88.

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 return on equity of 2.65% and a net margin of 5.36%. As a group, research analysts expect that UDR, Inc. will post 2.51 earnings per share for the current fiscal year.

UDR Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Thursday, April 10th will be paid a $0.43 dividend. This is a boost from UDR’s previous quarterly dividend of $0.43. The ex-dividend date of this dividend is Thursday, April 10th. This represents a $1.72 dividend on an annualized basis and a dividend yield of 4.25%. UDR’s dividend payout ratio is 688.00%.

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.