BI Asset Management Fondsmaeglerselskab A S Purchases New Position in UDR, Inc. (NYSE:UDR)

BI Asset Management Fondsmaeglerselskab A S acquired a new stake in shares of UDR, Inc. (NYSE:UDR - Free Report) during the fourth quarter, according to its most recent disclosure with the SEC. The fund acquired 15,478 shares of the real estate investment trust's stock, valued at approximately $672,000.

A number of other hedge funds also recently made changes to their positions in UDR. Norges Bank purchased a new position in UDR during the fourth quarter valued at approximately $1,273,442,000. Capital Research Global Investors raised its position in shares of UDR by 64.1% during 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 purchasing an additional 5,101,668 shares during the period. Invesco Ltd. lifted its stake in shares of UDR by 92.0% during the 4th quarter. Invesco Ltd. now owns 7,535,234 shares of the real estate investment trust's stock valued at $327,104,000 after buying an additional 3,609,925 shares in the last quarter. FMR LLC boosted its holdings in UDR by 10.5% in the 4th quarter. FMR LLC now owns 12,592,458 shares of the real estate investment trust's stock worth $546,639,000 after buying an additional 1,191,432 shares during the period. Finally, Prudential Financial Inc. increased its stake in UDR by 24.2% in the 4th quarter. Prudential Financial Inc. now owns 2,989,563 shares of the real estate investment trust's stock worth $129,777,000 after buying an additional 583,126 shares in the last quarter. 97.84% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other UDR news, CEO Thomas W. Toomey sold 25,000 shares of the stock in a transaction 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 sale, 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 ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 3.39% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on UDR shares. Zelman & Associates restated a "neutral" rating on shares of UDR in a research report on Thursday, February 13th. Mizuho dropped their price target on UDR from $47.00 to $45.00 and set a "neutral" rating for the company in a research note on Monday, January 6th. Evercore ISI increased their price objective on shares of UDR from $43.00 to $45.00 and gave the company an "in-line" rating in a report on Monday, February 10th. Wells Fargo & Company lowered their target price on shares of UDR from $48.00 to $45.00 and set an "overweight" rating on the stock in a report on Friday, January 24th. Finally, StockNews.com raised shares of UDR from a "sell" rating to a "hold" rating in a research note on Thursday, February 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's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average target price of $46.12.

UDR Trading Down 0.3 %

UDR traded down $0.12 on Tuesday, hitting $41.49. The company had a trading volume of 425,598 shares, compared to its average volume of 2,170,100. The business's fifty day simple moving average is $42.76 and its 200 day simple moving average is $43.11. The company has a quick ratio of 5.91, a current ratio of 5.61 and a debt-to-equity ratio of 1.71. UDR, Inc. has a 12-month low of $36.61 and a 12-month high of $47.55. The company has a market cap of $13.74 billion, a PE ratio of 165.92, a PEG ratio of 8.67 and a beta of 0.78.

UDR (NYSE:UDR - Get Free Report) last announced its earnings results on Wednesday, February 5th. The real estate investment trust reported $0.63 EPS for the quarter, topping analysts' consensus estimates of $0.10 by $0.53. UDR had a return on equity of 2.65% and a net margin of 5.36%. Equities research analysts expect that UDR, Inc. will post 2.51 EPS for the current year.

UDR Increases Dividend

The firm 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 boost from UDR's previous quarterly dividend of $0.43. The ex-dividend date of this dividend is Thursday, April 10th. This represents a $1.72 dividend on an annualized basis and a dividend yield of 4.15%. UDR's dividend payout ratio is currently 688.00%.

UDR Company 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.