Wellington Management Group LLP Has $300.66 Million Stock Holdings in UDR, Inc. (NYSE:UDR)

Wellington Management Group LLP lowered its position in shares of UDR, Inc. (NYSE:UDR) by 2.3% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 6,926,145 shares of the real estate investment trust’s stock after selling 166,649 shares during the quarter. Wellington Management Group LLP owned approximately 2.09% of UDR worth $300,664,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in the company. Continuum Advisory LLC increased its holdings in shares of UDR by 5,335.3% during the third quarter. Continuum Advisory LLC now owns 924 shares of the real estate investment trust’s stock worth $41,000 after buying an additional 907 shares in the last quarter. Smartleaf Asset Management LLC increased its holdings in 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. Salem Investment Counselors Inc. raised its position in UDR by 62.7% in 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 during the last quarter. Catalyst Capital Advisors LLC acquired a new position in UDR in the fourth quarter worth $63,000. Finally, Eastern Bank bought a new stake in shares of UDR during the fourth quarter worth $68,000. 97.84% of the stock is owned by institutional investors.

UDR Stock Down 0.1 %

UDR stock opened at $45.15 on Wednesday. The firm has a market capitalization of $14.95 billion, a price-to-earnings ratio of 180.58, a PEG ratio of 8.67 and a beta of 0.88. The company’s 50 day simple moving average is $43.22 and its 200 day simple moving average is $43.72. The company has a debt-to-equity ratio of 1.71, a current ratio of 5.61 and a quick ratio of 5.91. UDR, Inc. has a fifty-two week low of $35.14 and a fifty-two week high of $47.55.

UDR (NYSE:UDR) last announced its quarterly earnings results on Wednesday, February 5th. The real estate investment trust reported $0.63 earnings per share 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, sell-side analysts anticipate that UDR, Inc. will post 2.51 EPS for the current year.

UDR Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 30th. Shareholders of record on Thursday, April 10th will be paid a $0.43 dividend. This represents a $1.72 dividend on an annualized basis and a yield of 3.81%. This is a boost from UDR’s previous quarterly dividend of $0.43. The ex-dividend date is Thursday, April 10th. UDR’s payout ratio is presently 688.00%.

Insiders Place Their Bets

In related news, CEO Thomas W. Toomey sold 25,000 shares of the business’s stock in a transaction that occurred on Thursday, February 20th. The stock was sold at an average price of $42.75, for a total value of $1,068,750.00. Following the completion of the transaction, the chief executive officer now directly owns 824,716 shares in the company, valued at approximately $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 can be accessed through this hyperlink. Corporate insiders own 3.73% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on the stock. Barclays reduced their price target on shares of UDR from $50.00 to $48.00 and set an “overweight” rating on the stock in a research report on Friday, January 24th. Scotiabank increased their price target on shares of UDR from $48.00 to $49.00 and gave the company a “sector perform” rating in a research note on Friday, February 14th. Royal Bank of Canada raised their price target on shares of UDR from $43.00 to $44.00 and gave the company a “sector perform” rating in a report on Friday, February 7th. Evercore ISI upped their price objective on UDR from $43.00 to $45.00 and gave the stock an “in-line” rating in a report on Monday, February 10th. Finally, Mizuho decreased their price objective on UDR from $47.00 to $45.00 and set a “neutral” rating on the stock in a research report on Monday, January 6th. One research analyst has rated the stock with a sell rating, eleven have issued a hold rating and seven have given a buy rating to the stock. According to MarketBeat, the company presently has a consensus 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.