Toronto Dominion Bank Acquires 12,512 Shares of UDR, Inc. (NYSE:UDR)

Toronto Dominion Bank boosted its holdings in UDR, Inc. (NYSE:UDR - Free Report) by 8.4% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 162,338 shares of the real estate investment trust's stock after purchasing an additional 12,512 shares during the quarter. Toronto Dominion Bank's holdings in UDR were worth $7,047,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in the company. Smartleaf Asset Management LLC grew its stake in 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 purchasing an additional 491 shares in the last quarter. Continuum Advisory LLC raised its position in UDR by 38.0% during the 4th quarter. Continuum Advisory LLC now owns 1,275 shares of the real estate investment trust's stock worth $55,000 after buying an additional 351 shares during the last quarter. Catalyst Capital Advisors LLC acquired a new position in UDR in the fourth quarter valued at approximately $63,000. Crews Bank & Trust acquired a new position in UDR during the fourth quarter worth $76,000. Finally, Wingate Wealth Advisors Inc. purchased a new stake in shares of UDR during the fourth quarter worth $87,000. 97.84% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several analysts recently issued reports on UDR shares. Royal Bank of Canada boosted their price objective on shares of UDR from $43.00 to $44.00 and gave the company a "sector perform" rating in a report on Thursday, May 8th. Wall Street Zen upgraded shares of UDR from a "sell" rating to a "hold" rating in a research note on Thursday, February 6th. Barclays upped their price target on UDR from $48.00 to $51.00 and gave the stock an "overweight" rating in a report on Friday, May 9th. Mizuho reduced their price objective on shares of UDR from $45.00 to $41.00 and set a "neutral" rating on the stock in a research note on Friday, May 23rd. Finally, Zelman & Associates restated a "neutral" rating on shares of UDR in a report on Thursday, February 13th. One analyst has rated the stock with a sell rating, ten have assigned a hold rating and seven have given a buy rating to the company. According to data from MarketBeat.com, UDR presently has an average rating of "Hold" and an average target price of $46.44.

UDR Price Performance

Shares of UDR stock traded down $0.49 during trading on Tuesday, hitting $40.92. 327,465 shares of the company's stock traded hands, compared to its average volume of 2,152,310. The company has a market cap of $13.56 billion, a PE ratio of 163.68, a PEG ratio of 8.67 and a beta of 0.84. The firm's fifty day moving average price is $41.59 and its 200 day moving average price is $42.71. UDR, Inc. has a twelve month low of $36.61 and a twelve month high of $47.55. 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 (NYSE:UDR - Get Free Report) last released its quarterly earnings data on Wednesday, April 30th. The real estate investment trust reported $0.61 earnings per share for the quarter, meeting the consensus estimate 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 company posted $0.61 EPS. The company's revenue was up 2.0% compared to the same quarter last year. Analysts forecast that UDR, Inc. will post 2.51 earnings per share for the current 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 issued a $0.43 dividend. This is a positive change from UDR's previous quarterly dividend of $0.43. The ex-dividend date was Thursday, April 10th. This represents a $1.72 annualized dividend and a dividend yield of 4.20%. UDR's dividend payout ratio is presently 491.43%.

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.