Mitsubishi UFJ Asset Management Co. Ltd. Acquires 86,536 Shares of UDR, Inc. (NYSE:UDR)

Mitsubishi UFJ Asset Management Co. Ltd. increased its holdings in shares of UDR, Inc. (NYSE:UDR) by 13.9% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 710,018 shares of the real estate investment trust’s stock after acquiring an additional 86,536 shares during the quarter. Mitsubishi UFJ Asset Management Co. Ltd. owned approximately 0.22% of UDR worth $30,588,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of UDR. Vanguard Group Inc. raised its stake in shares of UDR by 0.4% during the 4th quarter. Vanguard Group Inc. now owns 50,809,731 shares of the real estate investment trust’s stock worth $2,205,650,000 after purchasing an additional 180,551 shares during the period. FMR LLC increased its holdings in UDR by 14.8% during the third 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. JPMorgan Chase & Co. raised its position in 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 worth $352,498,000 after acquiring an additional 368,087 shares during the period. Charles Schwab Investment Management Inc. boosted its stake in UDR by 2.2% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 4,367,054 shares of the real estate investment trust’s stock valued at $189,574,000 after acquiring an additional 95,022 shares during the last quarter. Finally, PGGM Investments grew its position in shares of UDR by 7.8% during the 4th quarter. PGGM Investments now owns 3,163,812 shares of the real estate investment trust’s stock valued at $137,341,000 after acquiring an additional 228,342 shares during the period. Hedge funds and other institutional investors own 97.84% of the company’s stock.

Insiders Place Their Bets

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. Corporate insiders own 3.73% of the company’s stock.

UDR Stock Performance

Shares of UDR opened at $44.56 on Friday. UDR, Inc. has a 12-month low of $35.14 and a 12-month high of $47.55. The company has a current ratio of 5.61, a quick ratio of 5.91 and a debt-to-equity ratio of 1.71. The company has a market cap of $14.75 billion, a PE ratio of 178.22, a price-to-earnings-growth ratio of 8.67 and a beta of 0.88. The stock has a 50-day moving average price of $43.06 and a 200-day moving average price of $43.76.

UDR (NYSE:UDR) last released its quarterly earnings results 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%. As a group, equities analysts forecast that UDR, Inc. will post 2.51 earnings per share for the current fiscal year.

UDR Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, April 30th. Shareholders of record on Thursday, April 10th will be given a dividend of $0.43 per share. This is an increase 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 yield of 3.86%. UDR’s dividend payout ratio (DPR) is presently 688.00%.

Analysts Set New Price Targets

Several research firms recently commented on UDR. Evercore ISI upped their price objective on UDR from $43.00 to $45.00 and gave the company an “in-line” rating in a research note on Monday, February 10th. StockNews.com upgraded UDR from a “sell” rating to a “hold” rating in a research note on Thursday, February 6th. Scotiabank upped their price objective on shares of UDR from $48.00 to $49.00 and gave the company a “sector perform” rating in a report on Friday, February 14th. Royal Bank of Canada lifted their target price 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. Finally, Zelman & Associates restated a “neutral” rating on shares of UDR in a research note on Thursday, February 13th. One research analyst has rated the stock with a sell rating, eleven have issued a hold rating and seven have assigned a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus 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.