5,041 Shares in UDR, Inc. (NYSE:UDR) Purchased by Farringdon Capital Ltd.

Farringdon Capital Ltd. purchased a new stake in UDR, Inc. (NYSE:UDR) during the 4th quarter, HoldingsChannel.com reports. The fund purchased 5,041 shares of the real estate investment trust’s stock, valued at approximately $219,000.

A number of other hedge funds have also added to or reduced their stakes in UDR. Asset Management One Co. Ltd. lifted its holdings in shares of UDR by 7.9% in the fourth 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 in the last quarter. Principal Financial Group Inc. raised its position in UDR by 45.7% in the 4th quarter. Principal Financial Group Inc. now owns 512,540 shares of the real estate investment trust’s stock valued at $22,249,000 after buying an additional 160,708 shares during the last quarter. JPMorgan Chase & Co. lifted its stake in UDR by 5.0% during the 3rd quarter. JPMorgan Chase & Co. now owns 7,774,541 shares of the real estate investment trust’s stock valued at $352,498,000 after acquiring an additional 368,087 shares in the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd boosted its holdings in UDR by 7.0% during the 4th quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 95,344 shares of the real estate investment trust’s stock worth $4,139,000 after acquiring an additional 6,217 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. grew its stake 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 worth $189,574,000 after acquiring an additional 95,022 shares in the last quarter. Institutional investors and hedge funds own 97.84% of the company’s stock.

Analysts Set New Price Targets

Several research firms recently weighed in on UDR. Truist Financial cut shares of UDR from a “buy” rating to a “hold” rating and boosted their price target for the stock from $45.00 to $46.00 in a report on Monday, March 10th. Jefferies Financial Group downgraded UDR from a “buy” rating to a “hold” rating and cut their target price for the stock from $50.00 to $45.00 in a research note on Thursday, January 2nd. Barclays decreased their price target on UDR from $50.00 to $48.00 and set an “overweight” rating for the company in a research report on Friday, January 24th. Zelman & Associates reissued a “neutral” rating on shares of UDR in a research report on Thursday, February 13th. Finally, Mizuho decreased their target price on UDR from $47.00 to $45.00 and set a “neutral” rating for the company in a research report on Monday, January 6th. One 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. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $46.12.

UDR Price Performance

Shares of NYSE UDR opened at $41.27 on Friday. 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, Inc. has a fifty-two week low of $36.28 and a fifty-two week high of $47.55. The stock has a market cap of $13.67 billion, a PE ratio of 165.08, a price-to-earnings-growth ratio of 8.67 and a beta of 0.78. The stock has a fifty day moving average of $42.93 and a 200-day moving average of $43.23.

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

UDR Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 30th. Investors of record on Thursday, April 10th will be given a $0.43 dividend. This represents a $1.72 dividend on an annualized basis and a dividend yield of 4.17%. The ex-dividend date of this dividend is Thursday, April 10th. This is an increase from UDR’s previous quarterly dividend of $0.43. UDR’s dividend payout ratio (DPR) is 688.00%.

Insider Activity at UDR

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