Deutsche Bank AG Has $62.99 Million Stake in UDR, Inc. (NYSE:UDR)

Deutsche Bank AG boosted its holdings in UDR, Inc. (NYSE:UDR - Free Report) by 56.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,451,122 shares of the real estate investment trust's stock after purchasing an additional 524,623 shares during the period. Deutsche Bank AG owned about 0.44% of UDR worth $62,993,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in UDR. Smartleaf Asset Management LLC grew its holdings in shares of 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 acquiring an additional 491 shares in the last quarter. Salem Investment Counselors Inc. grew its stake in UDR by 62.7% in the fourth quarter. Salem Investment Counselors Inc. now owns 1,349 shares of the real estate investment trust's stock valued at $59,000 after purchasing an additional 520 shares in the last quarter. Catalyst Capital Advisors LLC acquired a new position in shares of UDR during the 4th quarter worth approximately $63,000. Eastern Bank bought a new stake in shares of UDR during the 4th quarter worth approximately $68,000. Finally, Crews Bank & Trust bought a new stake in shares of UDR during the 4th quarter worth approximately $76,000. 97.84% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

UDR has been the subject of several analyst reports. Royal Bank of Canada raised their target price on shares of UDR from $43.00 to $44.00 and gave the company a "sector perform" rating in a research note on Thursday, May 8th. 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 report on Friday, January 24th. StockNews.com raised shares of UDR from a "sell" rating to a "hold" rating in a report on Thursday, February 6th. Truist Financial downgraded shares of UDR from a "buy" rating to a "hold" rating and raised their target price for the company from $45.00 to $46.00 in a research note on Monday, March 10th. Finally, Barclays boosted their price target on UDR from $48.00 to $51.00 and gave the stock an "overweight" rating in a research report on Friday. One investment 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. According to MarketBeat.com, the stock has a consensus rating of "Hold" and an average target price of $46.29.

UDR Trading Up 0.7%

Shares of UDR stock opened at $42.58 on Tuesday. 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 firm has a 50-day moving average of $42.40 and a 200-day moving average of $42.98. UDR, Inc. has a 52-week low of $36.61 and a 52-week high of $47.55. The stock has a market cap of $14.10 billion, a PE ratio of 170.30, a PEG ratio of 8.67 and a beta of 0.84.

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

UDR Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, April 30th. Shareholders of record on Thursday, April 10th were issued a $0.43 dividend. The ex-dividend date was 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 yield of 4.04%. UDR's payout ratio is currently 491.43%.

Insider Activity

In related news, CEO Thomas W. Toomey sold 25,000 shares of the firm's 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 transaction, the chief executive officer now owns 824,716 shares in the company, valued at approximately $35,256,609. This trade represents a 2.94% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 3.39% of the company's stock.

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.

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