New Age Alpha Advisors LLC Acquires Shares of 88,695 UDR, Inc. (NYSE:UDR)

New Age Alpha Advisors LLC bought a new position in shares of UDR, Inc. (NYSE:UDR) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 88,695 shares of the real estate investment trust’s stock, valued at approximately $3,850,000.

Several other hedge funds have also modified their holdings of UDR. Vanguard Group Inc. raised its position in UDR by 0.4% in the fourth quarter. Vanguard Group Inc. now owns 50,809,731 shares of the real estate investment trust’s stock worth $2,205,650,000 after acquiring an additional 180,551 shares in the last quarter. Norges Bank acquired a new position in shares of UDR during the 4th quarter worth $1,273,442,000. FMR LLC increased its holdings in shares of UDR by 14.8% in the 3rd quarter. FMR LLC now owns 11,401,026 shares of the real estate investment trust’s stock valued at $516,923,000 after purchasing an additional 1,471,855 shares in the last quarter. JPMorgan Chase & Co. lifted its stake in shares of UDR by 5.0% in the third quarter. JPMorgan Chase & Co. now owns 7,774,541 shares of the real estate investment trust’s stock valued at $352,498,000 after purchasing an additional 368,087 shares during the period. Finally, Charles Schwab Investment Management Inc. boosted its holdings in UDR by 2.2% during the fourth 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 buying an additional 95,022 shares in the last quarter. 97.84% of the stock is owned by institutional investors and hedge funds.

UDR Stock Up 0.8 %

UDR stock opened at $44.56 on Friday. The company has a 50 day moving average price of $43.06 and a two-hundred day moving average price of $43.77. The company has a debt-to-equity ratio of 1.71, a quick ratio of 5.91 and a current ratio of 5.61. The stock has a market capitalization of $14.75 billion, a P/E ratio of 178.22, a PEG ratio of 8.67 and a beta of 0.88. UDR, Inc. has a one year low of $35.14 and a one year high of $47.55.

UDR (NYSE:UDR) last released its earnings results on Wednesday, February 5th. The real estate investment trust reported $0.63 EPS 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 expect that UDR, Inc. will post 2.51 EPS for the current year.

UDR Increases Dividend

The business also recently announced 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. The ex-dividend date of this dividend is Thursday, April 10th. This is a boost from UDR’s previous quarterly dividend of $0.43. This represents a $1.72 annualized dividend and a dividend yield of 3.86%. UDR’s dividend payout ratio (DPR) is currently 688.00%.

Wall Street Analysts Forecast Growth

UDR has been the subject of a number of research analyst reports. Barclays dropped their target price on shares of UDR from $50.00 to $48.00 and set an “overweight” rating for the company in a report on Friday, January 24th. Zelman & Associates reaffirmed a “neutral” rating on shares of UDR in a report on Thursday, February 13th. Mizuho lowered their target price on UDR from $47.00 to $45.00 and set a “neutral” rating on the stock in a report on Monday, January 6th. Jefferies Financial Group downgraded UDR from a “buy” rating to a “hold” rating and cut their price target for the stock from $50.00 to $45.00 in a research note on Thursday, January 2nd. Finally, Truist Financial cut shares of UDR from a “buy” rating to a “hold” rating and increased their price objective for the company from $45.00 to $46.00 in a research note on Monday, March 10th. One analyst has rated the stock with a sell rating, eleven have issued a hold rating and seven have assigned a buy rating to the company’s stock. Based on data from MarketBeat, UDR has an average rating of “Hold” and a consensus target price of $46.12.

Insider Activity at UDR

In other UDR news, CEO Thomas W. Toomey sold 25,000 shares of the stock in a transaction that occurred on 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 transaction, 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 ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 3.73% of the stock is owned by 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.