Deutsche Bank AG Increases Stake in UDR, Inc. (NYSE:UDR)

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

Several other institutional investors have also added to or reduced their stakes in UDR. JPMorgan Chase & Co. boosted its position in UDR by 5.0% in the 3rd quarter. JPMorgan Chase & Co. now owns 7,774,541 shares of the real estate investment trust's stock valued at $352,498,000 after buying an additional 368,087 shares during the period. Czech National Bank raised its stake in shares of UDR by 6.5% during the fourth quarter. Czech National Bank now owns 65,104 shares of the real estate investment trust's stock valued at $2,826,000 after acquiring an additional 3,963 shares in the last quarter. Salem Investment Counselors Inc. boosted its holdings in shares of 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 during the period. Eastern Bank purchased a new position in UDR during the 4th quarter worth $68,000. Finally, Oak Thistle LLC purchased a new stake in shares of UDR in the 4th quarter worth $559,000. Institutional investors own 97.84% of the company's stock.

Insider Buying and Selling at UDR

In other news, CEO Thomas W. Toomey sold 25,000 shares of the firm's stock in a transaction dated 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 completion of the transaction, the chief executive officer now directly 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 sale was disclosed in a document filed with the SEC, which is available through the SEC website. 3.39% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

UDR has been the topic of a number of recent research reports. StockNews.com raised UDR from a "sell" rating to a "hold" rating in a research report on Thursday, February 6th. Truist Financial downgraded UDR from a "buy" rating to a "hold" rating and increased their price target for the stock from $45.00 to $46.00 in a research report on Monday, March 10th. Scotiabank increased their price target on UDR from $48.00 to $49.00 and gave the stock a "sector perform" rating in a research report on Friday, February 14th. Zelman & Associates reissued a "neutral" rating on shares of UDR in a research report on Thursday, February 13th. Finally, Barclays increased their price target on UDR from $48.00 to $51.00 and gave the stock an "overweight" rating in a research report on Friday, May 9th. One research analyst has rated the stock with a sell rating, ten have issued a hold rating and seven have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, UDR presently has a consensus rating of "Hold" and a consensus target price of $46.69.

UDR Stock Up 1.3%

UDR stock traded up $0.53 during midday trading on Friday, reaching $42.43. The company's stock had a trading volume of 2,270,450 shares, compared to its average volume of 2,142,845. The stock's 50-day simple moving average is $42.21 and its 200-day simple moving average is $42.93. The company has a debt-to-equity ratio of 1.71, a current ratio of 5.61 and a quick ratio of 5.91. UDR, Inc. has a 52-week low of $36.61 and a 52-week high of $47.55. The stock has a market capitalization of $14.06 billion, a P/E ratio of 169.72, a PEG ratio of 8.67 and a beta of 0.84.

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

UDR Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, April 30th. Shareholders of record on Thursday, April 10th were paid a $0.43 dividend. The ex-dividend date of this dividend was Thursday, April 10th. This is a boost from UDR's previous quarterly dividend of $0.43. This represents a $1.72 dividend on an annualized basis and a yield of 4.05%. UDR's dividend payout ratio (DPR) is 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.