FIL Ltd Cuts Stock Position in UDR, Inc. (NYSE:UDR)

FIL Ltd decreased its position in shares of UDR, Inc. (NYSE:UDR) by 20.7% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 79,707 shares of the real estate investment trust’s stock after selling 20,846 shares during the period. FIL Ltd’s holdings in UDR were worth $3,460,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently bought and sold shares of the company. Asset Management One Co. Ltd. lifted its holdings in shares of UDR by 7.9% during the 4th quarter. Asset Management One Co. Ltd. now owns 587,772 shares of the real estate investment trust’s stock valued at $25,515,000 after purchasing an additional 42,926 shares during the last quarter. Principal Financial Group Inc. boosted its holdings in UDR by 45.7% in the fourth quarter. Principal Financial Group Inc. now owns 512,540 shares of the real estate investment trust’s stock worth $22,249,000 after acquiring an additional 160,708 shares in the last quarter. JPMorgan Chase & Co. grew its stake in shares of UDR by 5.0% during 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 last quarter. Sumitomo Mitsui DS Asset Management Company Ltd increased its holdings in shares of UDR by 7.0% during the fourth quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 95,344 shares of the real estate investment trust’s stock valued at $4,139,000 after acquiring an additional 6,217 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. raised its position in shares of UDR by 2.2% in the 4th 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 purchasing an additional 95,022 shares during the last quarter. 97.84% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at UDR

In other news, CEO Thomas W. Toomey sold 25,000 shares of the firm’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 transaction, the chief executive officer now owns 824,716 shares in the company, valued at $35,256,609. This trade represents a 2.94 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 3.73% of the stock is currently owned by corporate insiders.

UDR Stock Up 0.1 %

Shares of UDR opened at $39.44 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 firm has a market cap of $13.06 billion, a P/E ratio of 157.75, a PEG ratio of 8.67 and a beta of 0.78. The stock’s 50 day moving average is $43.10 and its two-hundred day moving average is $43.37. UDR, Inc. has a 12 month low of $35.14 and a 12 month high of $47.55.

UDR (NYSE:UDR) last released its quarterly earnings results on Wednesday, February 5th. The real estate investment trust reported $0.63 earnings per share (EPS) for the quarter, beating 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%. Analysts predict that UDR, Inc. will post 2.51 earnings per share for the current fiscal year.

UDR Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 30th. Investors of record on Thursday, April 10th will be paid a $0.43 dividend. The ex-dividend date is Thursday, April 10th. This is a positive change from UDR’s previous quarterly dividend of $0.43. This represents a $1.72 dividend on an annualized basis and a yield of 4.36%. UDR’s dividend payout ratio (DPR) is currently 688.00%.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on UDR shares. Royal Bank of Canada raised their price target on shares of UDR from $43.00 to $44.00 and gave the stock a “sector perform” rating in a report on Friday, February 7th. Jefferies Financial Group downgraded UDR from a “buy” rating to a “hold” rating and dropped their price target for the company from $50.00 to $45.00 in a research note on Thursday, January 2nd. Evercore ISI raised their price objective on UDR from $43.00 to $45.00 and gave the stock 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 report on Thursday, February 6th. Finally, Barclays reduced their price target on shares of UDR from $50.00 to $48.00 and set an “overweight” rating for the company in a research report on Friday, January 24th. One investment analyst has rated the stock with a sell rating, eleven have issued a hold rating and seven have given a buy rating to the company. According to MarketBeat.com, UDR presently has an average rating of “Hold” and an average price target 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.