Schroder Investment Management Group Has $41.45 Million Stock Position in UDR, Inc. (NYSE:UDR)

Schroder Investment Management Group grew its holdings in shares of UDR, Inc. (NYSE:UDR) by 7.5% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 962,310 shares of the real estate investment trust’s stock after acquiring an additional 67,288 shares during the period. Schroder Investment Management Group owned about 0.29% of UDR worth $41,447,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of the business. Townsquare Capital LLC bought a new stake in UDR during the third quarter valued at $224,000. Public Sector Pension Investment Board lifted its stake in shares of UDR by 24.7% in the 3rd quarter. Public Sector Pension Investment Board now owns 52,208 shares of the real estate investment trust’s stock valued at $2,367,000 after purchasing an additional 10,349 shares during the period. Paloma Partners Management Co bought a new stake in shares of UDR during the 3rd quarter valued at about $608,000. Chevy Chase Trust Holdings LLC grew its stake in UDR by 171.1% during the third quarter. Chevy Chase Trust Holdings LLC now owns 448,416 shares of the real estate investment trust’s stock worth $20,331,000 after purchasing an additional 283,029 shares during the period. Finally, Janus Henderson Group PLC increased its holdings in UDR by 25.6% in 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 purchasing an additional 315,105 shares in the last quarter. Institutional investors and hedge funds own 97.84% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on the company. StockNews.com upgraded UDR from a “sell” rating to a “hold” rating in a report on Thursday, February 6th. Mizuho cut their target price on shares of UDR from $47.00 to $45.00 and set a “neutral” rating on the stock in a research note on Monday, January 6th. Barclays decreased their price target on shares of UDR from $50.00 to $48.00 and set an “overweight” rating for the company in a research note on Friday, January 24th. Wells Fargo & Company cut their price objective on shares of UDR from $48.00 to $45.00 and set an “overweight” rating on the stock in a research report on Friday, January 24th. Finally, Jefferies Financial Group lowered UDR from a “buy” rating to a “hold” rating and decreased their target price for the company from $50.00 to $45.00 in a research report on Thursday, January 2nd. One 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.com, the stock currently has a consensus rating of “Hold” and an average target price of $46.12.

UDR Stock Performance

Shares of UDR stock opened at $45.15 on Wednesday. The company has a debt-to-equity ratio of 1.71, a quick ratio of 5.91 and a current ratio of 5.61. The firm has a market cap of $14.95 billion, a price-to-earnings ratio of 180.58, a P/E/G ratio of 8.67 and a beta of 0.88. UDR, Inc. has a 52 week low of $35.14 and a 52 week high of $47.55. The firm’s 50-day simple moving average is $43.22 and its two-hundred day simple moving average is $43.72.

UDR (NYSE:UDR) last posted 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 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 paid a dividend of $0.43 per share. This is an increase from UDR’s previous quarterly dividend of $0.43. The ex-dividend date is Thursday, April 10th. This represents a $1.72 annualized dividend and a dividend yield of 3.81%. UDR’s dividend payout ratio is presently 688.00%.

Insider Buying and Selling

In other UDR news, CEO Thomas W. Toomey sold 25,000 shares of the company’s stock in a transaction dated 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. This represents a 2.94 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 3.73% of the stock is currently owned by insiders.

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.