AQR Capital Management LLC Purchases 44,116 Shares of UDR, Inc. (NYSE:UDR)

AQR Capital Management LLC increased its holdings in UDR, Inc. (NYSE:UDR - Free Report) by 55.8% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 123,132 shares of the real estate investment trust's stock after acquiring an additional 44,116 shares during the period. AQR Capital Management LLC's holdings in UDR were worth $5,330,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in UDR. Smartleaf Asset Management LLC increased its stake in UDR by 68.7% in the 4th quarter. Smartleaf Asset Management LLC now owns 1,206 shares of the real estate investment trust's stock valued at $52,000 after buying an additional 491 shares during the last quarter. Salem Investment Counselors Inc. increased its stake in UDR by 62.7% in the 4th quarter. Salem Investment Counselors Inc. now owns 1,349 shares of the real estate investment trust's stock valued at $59,000 after buying an additional 520 shares during the last quarter. Catalyst Capital Advisors LLC purchased a new stake in UDR in the 4th quarter valued at about $63,000. Eastern Bank purchased a new stake in UDR in the 4th quarter valued at about $68,000. Finally, Crews Bank & Trust purchased a new stake in UDR in the 4th quarter valued at about $76,000. Institutional investors and hedge funds own 97.84% of the company's stock.

Analyst Ratings Changes

UDR has been the subject of several analyst reports. Wells Fargo & Company decreased their price objective on shares of UDR from $48.00 to $45.00 and set an "overweight" rating for the company in a research note on Friday, January 24th. Barclays increased their target price on shares of UDR from $48.00 to $51.00 and gave the company an "overweight" rating in a research report on Friday. Zelman & Associates reissued a "neutral" rating on shares of UDR in a research report on Thursday, February 13th. Truist Financial downgraded shares of UDR from a "buy" rating to a "hold" rating and increased their target price for the company from $45.00 to $46.00 in a research report on Monday, March 10th. Finally, Scotiabank boosted their target price on shares of UDR from $48.00 to $49.00 and gave the company a "sector perform" rating in a report on Friday, February 14th. One analyst has rated the stock with a sell rating, eleven have assigned a hold rating and seven have given a buy rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and an average target price of $46.29.

Insider Buying and Selling

In related news, CEO Thomas W. Toomey sold 25,000 shares of UDR stock in a transaction on Thursday, February 20th. The shares were 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 position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 3.39% of the stock is owned by corporate insiders.

UDR Price Performance

Shares of UDR stock traded up $0.29 on Monday, hitting $42.58. 1,555,145 shares of the company traded hands, compared to its average volume of 2,137,176. The firm's 50-day simple moving average is $42.45 and its 200 day simple moving average is $42.99. 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 company has a market cap of $14.10 billion, a P/E ratio of 170.30, a P/E/G ratio of 8.67 and a beta of 0.84. UDR, Inc. has a 12-month low of $36.61 and a 12-month high of $47.55.

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

UDR Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, April 30th. Investors of record on Thursday, April 10th were given a $0.43 dividend. This represents a $1.72 dividend on an annualized basis and a yield of 4.04%. The ex-dividend date of this dividend was Thursday, April 10th. This is a boost from UDR's previous quarterly dividend of $0.43. UDR's dividend payout ratio (DPR) is presently 491.43%.

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.