Natixis Advisors LLC Has $7.55 Million Stock Holdings in UDR, Inc. (NYSE:UDR)

Natixis Advisors LLC decreased its holdings in shares of UDR, Inc. (NYSE:UDR) by 24.0% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 173,826 shares of the real estate investment trust’s stock after selling 54,815 shares during the period. Natixis Advisors LLC owned 0.05% of UDR worth $7,546,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Activest Wealth Management bought a new stake in shares of UDR during the 3rd quarter valued at about $27,000. Brooklyn Investment Group bought a new stake in shares of UDR during the 3rd quarter valued at about $33,000. Continuum Advisory LLC boosted its position in shares of UDR by 5,335.3% during the 3rd quarter. Continuum Advisory LLC now owns 924 shares of the real estate investment trust’s stock valued at $41,000 after purchasing an additional 907 shares in the last quarter. Smartleaf Asset Management LLC boosted its position in shares of UDR by 68.7% during 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 purchasing an additional 491 shares in the last quarter. Finally, Salem Investment Counselors Inc. boosted its position in shares of UDR by 62.7% during the 4th quarter. Salem Investment Counselors Inc. now owns 1,349 shares of the real estate investment trust’s stock valued at $59,000 after purchasing an additional 520 shares in the last quarter. Institutional investors own 97.84% of the company’s stock.

Insider Buying and Selling at UDR

In other UDR news, CEO Thomas W. Toomey sold 25,000 shares of the 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 transaction, the chief executive officer now directly owns 824,716 shares of the company’s stock, valued at approximately $35,256,609. This represents a 2.94 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 3.73% of the stock is owned by corporate insiders.

UDR Stock Performance

Shares of UDR opened at $43.64 on Friday. 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 capitalization of $14.45 billion, a price-to-earnings ratio of 174.58, a PEG ratio of 8.67 and a beta of 0.88. The stock has a 50 day moving average of $42.68 and a 200 day moving average of $43.79. UDR, Inc. has a 12 month low of $35.14 and a 12 month high of $47.55.

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 the consensus estimate 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, sell-side analysts forecast that UDR, Inc. will post 2.51 earnings per share for the current year.

UDR Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 30th. Shareholders of record on Thursday, April 10th will be issued a dividend of $0.43 per share. This represents a $1.72 annualized dividend and a yield of 3.94%. This is a positive change from UDR’s previous quarterly dividend of $0.43. The ex-dividend date of this dividend is Thursday, April 10th. UDR’s dividend payout ratio is 688.00%.

Wall Street Analysts Forecast Growth

UDR has been the topic of a number of research reports. Evercore ISI upped their price target on UDR from $43.00 to $45.00 and gave the stock an “in-line” rating in a research note on Monday, February 10th. Jefferies Financial Group downgraded UDR from a “buy” rating to a “hold” rating and dropped their price target for the stock from $50.00 to $45.00 in a research note on Thursday, January 2nd. Truist Financial downgraded UDR from a “buy” rating to a “hold” rating and upped their price target for the stock from $45.00 to $46.00 in a research note on Monday, March 10th. Royal Bank of Canada upped their price target on 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 reaffirmed a “neutral” rating on shares of UDR in a research note on Thursday, February 13th. One equities research analyst has rated the stock with a sell rating, eleven have assigned a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat, the company presently 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.