UDR, Inc. (NYSE:UDR) Stock Position Increased by Dimensional Fund Advisors LP

Dimensional Fund Advisors LP boosted its position in UDR, Inc. (NYSE:UDR - Free Report) by 0.9% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,757,032 shares of the real estate investment trust's stock after buying an additional 44,599 shares during the quarter. Dimensional Fund Advisors LP owned 1.44% of UDR worth $206,501,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Smartleaf Asset Management LLC lifted its stake in shares of UDR by 68.7% in the fourth quarter. Smartleaf Asset Management LLC now owns 1,206 shares of the real estate investment trust's stock worth $52,000 after acquiring an additional 491 shares in the last quarter. Salem Investment Counselors Inc. increased its holdings in UDR by 62.7% during the 4th quarter. Salem Investment Counselors Inc. now owns 1,349 shares of the real estate investment trust's stock worth $59,000 after purchasing an additional 520 shares during the last quarter. Catalyst Capital Advisors LLC acquired a new position in shares of UDR in the 4th quarter valued at approximately $63,000. Eastern Bank purchased a new position in shares of UDR during the 4th quarter valued at approximately $68,000. Finally, Crews Bank & Trust acquired a new stake in shares of UDR during the fourth quarter worth approximately $76,000. 97.84% of the stock is owned by hedge funds and other institutional investors.

UDR Stock Performance

UDR stock traded up $0.09 during midday trading on Monday, reaching $41.39. 376,696 shares of the stock traded hands, compared to its average volume of 2,167,501. UDR, Inc. has a fifty-two week low of $36.61 and a fifty-two week high of $47.55. 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 $13.71 billion, a price-to-earnings ratio of 165.80, a PEG ratio of 8.67 and a beta of 0.78. The firm has a fifty day moving average price of $42.78 and a two-hundred day moving average price of $43.12.

UDR (NYSE:UDR - Get Free Report) last issued its quarterly earnings data on Wednesday, February 5th. The real estate investment trust reported $0.63 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.10 by $0.53. UDR had a return on equity of 2.65% and a net margin of 5.36%. On average, equities research analysts forecast that UDR, Inc. will post 2.51 earnings per share for the current year.

UDR Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Thursday, April 10th will be issued a dividend of $0.43 per share. This represents a $1.72 dividend on an annualized basis and a dividend yield of 4.16%. This is a positive change from UDR's previous quarterly dividend of $0.43. The ex-dividend date is Thursday, April 10th. UDR's dividend payout ratio (DPR) is 688.00%.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on UDR shares. Jefferies Financial Group downgraded shares of UDR from a "buy" rating to a "hold" rating and reduced their price objective for the company from $50.00 to $45.00 in a research note on Thursday, January 2nd. StockNews.com raised shares of UDR from a "sell" rating to a "hold" rating in a research report on Thursday, February 6th. Truist Financial lowered UDR from a "buy" rating to a "hold" rating and boosted their price objective for the company from $45.00 to $46.00 in a report on Monday, March 10th. Royal Bank of Canada increased their target price on UDR from $43.00 to $44.00 and gave the stock a "sector perform" rating in a report on Friday, February 7th. Finally, Evercore ISI boosted their price target on UDR from $43.00 to $45.00 and gave the company 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 issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average price target of $46.12.

Insider Activity at UDR

In other UDR news, CEO Thomas W. Toomey sold 25,000 shares of the firm's stock in a transaction dated Thursday, February 20th. The shares were sold at an average price of $42.75, for a total transaction of $1,068,750.00. Following the transaction, the chief executive officer now owns 824,716 shares of the company's stock, valued at approximately $35,256,609. This trade represents a 2.94 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 3.39% of the company's stock.

About UDR

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.