Toronto Dominion Bank Has $7.05 Million Stake in UDR, Inc. (NYSE:UDR)

Toronto Dominion Bank raised its stake in UDR, Inc. (NYSE:UDR - Free Report) by 8.4% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 162,338 shares of the real estate investment trust's stock after buying an additional 12,512 shares during the period. Toronto Dominion Bank's holdings in UDR were worth $7,047,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of UDR. Smartleaf Asset Management LLC increased its holdings 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 worth $52,000 after purchasing an additional 491 shares in the last quarter. Catalyst Capital Advisors LLC bought a new stake in shares of UDR during the fourth quarter worth about $63,000. Crews Bank & Trust bought a new stake in shares of UDR during the fourth quarter worth about $76,000. Wingate Wealth Advisors Inc. bought a new stake in shares of UDR during the fourth quarter worth about $87,000. Finally, Atlas Capital Advisors Inc. bought a new stake in shares of UDR during the fourth quarter worth about $114,000. Institutional investors own 97.84% of the company's stock.

UDR Trading Up 0.7%

Shares of UDR stock traded up $0.28 on Tuesday, reaching $39.75. 310,409 shares of the company's stock were exchanged, compared to its average volume of 2,136,422. The company has a market capitalization of $13.17 billion, a P/E ratio of 158.82, a price-to-earnings-growth ratio of 8.67 and a beta of 0.84. UDR, Inc. has a 52 week low of $36.61 and a 52 week high of $47.55. The firm's 50-day moving average is $41.89 and its two-hundred day moving average is $42.84. The company has a debt-to-equity ratio of 1.71, a quick ratio of 5.91 and a current ratio of 5.61.

UDR (NYSE:UDR - Get Free Report) last issued its earnings results on Wednesday, April 30th. The real estate investment trust reported $0.61 earnings per share for the quarter, hitting 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 for the quarter, compared to analyst estimates of $421.23 million. During the same period in the prior year, the firm earned $0.61 earnings per share. UDR's revenue for the quarter was up 2.0% on a year-over-year basis. Sell-side analysts predict that UDR, Inc. will post 2.51 EPS for the current fiscal year.

UDR Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, April 30th. Stockholders of record on Thursday, April 10th were given a dividend of $0.43 per share. This represents a $1.72 dividend on an annualized basis and a dividend yield of 4.33%. This is a positive change from UDR's previous quarterly dividend of $0.43. The ex-dividend date of this dividend was Thursday, April 10th. UDR's dividend payout ratio is presently 491.43%.

Analyst Ratings Changes

UDR has been the topic of several research reports. Scotiabank boosted their price target on UDR from $48.00 to $49.00 and gave the stock a "sector perform" rating in a report on Friday, February 14th. Mizuho reduced their price target on UDR from $45.00 to $41.00 and set a "neutral" rating on the stock in a report on Friday. Royal Bank of Canada boosted their price target on UDR from $43.00 to $44.00 and gave the stock a "sector perform" rating in a report on Thursday, May 8th. Evercore ISI boosted their price target on UDR from $43.00 to $45.00 and gave the stock an "in-line" rating in a report on Monday, February 10th. Finally, Truist Financial cut UDR from a "buy" rating to a "hold" rating and upped their target price for the company from $45.00 to $46.00 in a report on Monday, March 10th. One analyst has rated the stock with a sell rating, ten have given a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat, UDR has a consensus rating of "Hold" and an average target price of $46.44.

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.