UDR, Inc. (NYSE:UDR) Stock Position Raised by Elo Mutual Pension Insurance Co

Elo Mutual Pension Insurance Co boosted its holdings in UDR, Inc. (NYSE:UDR) by 14.0% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 31,677 shares of the real estate investment trust’s stock after acquiring an additional 3,889 shares during the period. Elo Mutual Pension Insurance Co’s holdings in UDR were worth $1,375,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the stock. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in shares of UDR by 862.3% in 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 purchasing an additional 2,766,172 shares during the last quarter. FMR LLC lifted its stake in UDR by 14.8% in the third quarter. FMR LLC now owns 11,401,026 shares of the real estate investment trust’s stock valued at $516,923,000 after buying an additional 1,471,855 shares during the last quarter. Prudential Financial Inc. boosted its holdings in shares of UDR by 24.2% during the fourth quarter. Prudential Financial Inc. now owns 2,989,563 shares of the real estate investment trust’s stock valued at $129,777,000 after acquiring an additional 583,126 shares during the period. Raymond James Financial Inc. bought a new position in shares of UDR during the fourth quarter worth about $22,662,000. Finally, JPMorgan Chase & Co. increased its holdings in shares of UDR by 5.0% in 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 acquiring an additional 368,087 shares during the period. 97.84% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at UDR

In other UDR news, CEO Thomas W. Toomey sold 25,000 shares of the business’s 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 of the company’s stock, valued at $35,256,609. The trade was a 2.94 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 3.73% of the stock is owned by insiders.

UDR Trading Up 0.8 %

UDR stock opened at $44.56 on Friday. UDR, Inc. has a 1 year low of $35.14 and a 1 year high of $47.55. The firm’s 50 day moving average price is $43.06 and its two-hundred day moving average price is $43.76. The firm has a market cap of $14.75 billion, a price-to-earnings ratio of 178.22, a price-to-earnings-growth ratio of 8.67 and a beta of 0.88. 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 (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 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%. On average, research analysts predict that UDR, Inc. will post 2.51 EPS for the current fiscal year.

UDR Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Thursday, April 10th will be issued a dividend of $0.43 per share. 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 3.86%. This is a positive change from UDR’s previous quarterly dividend of $0.43. UDR’s payout ratio is currently 688.00%.

Analyst Upgrades and Downgrades

Several research analysts have commented on the stock. Zelman & Associates restated a “neutral” rating on shares of UDR in a research report on Thursday, February 13th. Mizuho cut their target price on UDR from $47.00 to $45.00 and set a “neutral” rating on the stock in a research note on Monday, January 6th. Jefferies Financial Group cut UDR from a “buy” rating to a “hold” rating and decreased their price target for the stock from $50.00 to $45.00 in a research note on Thursday, January 2nd. StockNews.com upgraded shares of UDR from a “sell” rating to a “hold” rating in a research note on Thursday, February 6th. Finally, Truist Financial downgraded shares of UDR from a “buy” rating to a “hold” rating and upped their price objective for the stock from $45.00 to $46.00 in a report on Monday, March 10th. One research analyst has rated the stock with a sell rating, eleven have given a hold rating and seven have issued a buy rating to the company’s stock. According to MarketBeat, UDR presently has an average rating of “Hold” and an average target price of $46.12.

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.