Adage Capital Partners GP L.L.C. Has $10.44 Million Holdings in UDR, Inc. (NYSE:UDR)

Adage Capital Partners GP L.L.C. lessened its stake in UDR, Inc. (NYSE:UDR - Free Report) by 24.4% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 240,500 shares of the real estate investment trust's stock after selling 77,626 shares during the quarter. Adage Capital Partners GP L.L.C. owned approximately 0.07% of UDR worth $10,440,000 as of its most recent filing with the SEC.

A number of other large investors also recently bought and sold shares of UDR. Vanguard Group Inc. lifted its stake in UDR by 0.4% during 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 purchasing an additional 180,551 shares during the last quarter. Norges Bank bought a new position in shares of UDR in the 4th quarter worth about $1,273,442,000. Capital Research Global Investors boosted its holdings in shares of UDR by 64.1% in the 4th quarter. Capital Research Global Investors now owns 13,060,120 shares of the real estate investment trust's stock valued at $566,940,000 after buying an additional 5,101,668 shares during the period. FMR LLC grew its position in shares of UDR by 10.5% during the 4th quarter. FMR LLC now owns 12,592,458 shares of the real estate investment trust's stock valued at $546,639,000 after buying an additional 1,191,432 shares during the last quarter. Finally, Geode Capital Management LLC grew its holdings in shares of UDR by 2.9% during the fourth quarter. Geode Capital Management LLC now owns 7,924,151 shares of the real estate investment trust's stock valued at $343,129,000 after purchasing an additional 220,293 shares during the last quarter. Institutional investors own 97.84% of the company's stock.

UDR Trading Up 2.8 %

Shares of UDR traded up $1.20 during midday trading on Friday, hitting $43.80. The stock had a trading volume of 2,128,680 shares, compared to its average volume of 2,166,212. UDR, Inc. has a fifty-two week low of $36.61 and a fifty-two week high of $47.55. The business has a 50-day simple moving average of $42.69 and a two-hundred day simple moving average of $43.08. 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 $14.50 billion, a P/E ratio of 175.18, a price-to-earnings-growth ratio of 8.67 and a beta of 0.78.

UDR (NYSE:UDR - Get Free Report) last issued its earnings results on Wednesday, April 30th. The real estate investment trust reported $0.61 EPS for the quarter, hitting the consensus estimate of $0.61. The business had revenue of $419.84 million during the quarter, compared to analysts' expectations of $421.23 million. UDR had a return on equity of 2.65% and a net margin of 5.36%. UDR's revenue was up 2.0% compared to the same quarter last year. During the same quarter last year, the firm posted $0.61 earnings per share. As a group, equities analysts forecast that UDR, Inc. will post 2.51 EPS for the current year.

UDR Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, April 30th. Investors of record on Thursday, April 10th were issued a dividend of $0.43 per share. 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 3.93%. The ex-dividend date was Thursday, April 10th. UDR's dividend payout ratio (DPR) is currently 688.00%.

Wall Street Analysts Forecast Growth

UDR has been the subject of a number of analyst reports. Royal Bank of Canada boosted their price objective on UDR from $43.00 to $44.00 and gave the company a "sector perform" rating in a research report on Friday, February 7th. Scotiabank increased their price objective on shares of UDR from $48.00 to $49.00 and gave the stock a "sector perform" rating in a report on Friday, February 14th. StockNews.com raised shares of UDR from a "sell" rating to a "hold" rating in a research note on Thursday, February 6th. Mizuho cut their price target on UDR from $47.00 to $45.00 and set a "neutral" rating on the stock in a report on Monday, January 6th. Finally, Evercore ISI increased 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. One analyst has rated the stock with a sell rating, eleven have given a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Hold" and an average target price of $46.12.

Insider Activity at UDR

In related news, CEO Thomas W. Toomey sold 25,000 shares of the 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 approximately $35,256,609. This represents a 2.94 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. 3.39% of the stock is currently 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.