Swiss National Bank Lowers Holdings in UDR, Inc. (NYSE:UDR)

Swiss National Bank decreased its position in UDR, Inc. (NYSE:UDR) by 4.4% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 885,100 shares of the real estate investment trust’s stock after selling 40,900 shares during the period. Swiss National Bank’s holdings in UDR were worth $38,422,000 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in UDR by 862.3% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 3,086,964 shares of the real estate investment trust’s stock worth $139,963,000 after buying an additional 2,766,172 shares during the period. FMR LLC lifted its holdings in UDR by 14.8% during the third quarter. FMR LLC now owns 11,401,026 shares of the real estate investment trust’s stock worth $516,923,000 after buying an additional 1,471,855 shares during the period. Raymond James Financial Inc. purchased a new stake in UDR during the fourth quarter worth $22,662,000. JPMorgan Chase & Co. lifted its holdings in 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 buying an additional 368,087 shares during the period. Finally, Janus Henderson Group PLC lifted its holdings in UDR by 25.6% during 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 buying an additional 315,105 shares during the period. Hedge funds and other institutional investors own 97.84% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on UDR shares. Zelman & Associates restated a “neutral” rating on shares of UDR in a report on Thursday, February 13th. Wells Fargo & Company lowered their target price on UDR from $48.00 to $45.00 and set an “overweight” rating for the company in a report on Friday, January 24th. Mizuho decreased their price objective on UDR from $47.00 to $45.00 and set a “neutral” rating for the company in a report on Monday, January 6th. Royal Bank of Canada increased their price objective on UDR from $43.00 to $44.00 and gave the company a “sector perform” rating in a report on Friday, February 7th. Finally, StockNews.com upgraded UDR from a “sell” rating to a “hold” rating in a report on Thursday, February 6th. One investment analyst has rated the stock with a sell rating, eleven have given a hold rating and seven have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $46.12.

Insider Transactions at UDR

In other news, CEO Thomas W. Toomey sold 25,000 shares of the 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 position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Corporate insiders own 3.73% of the company’s stock.

UDR Price Performance

Shares of UDR opened at $43.27 on Monday. The business’s 50-day moving average is $42.49 and its two-hundred day moving average is $43.80. The company has a market capitalization of $14.33 billion, a P/E ratio of 173.10, a P/E/G ratio of 8.67 and a beta of 0.88. 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 $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 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%. Research analysts predict that UDR, Inc. will post 2.51 earnings per share for the current year.

UDR Increases Dividend

The company also recently announced 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 a positive change from UDR’s previous quarterly dividend of $0.43. This represents a $1.72 annualized dividend and a dividend yield of 3.97%. The ex-dividend date is Thursday, April 10th. UDR’s dividend payout ratio is presently 688.00%.

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.