Vident Advisory LLC Trims Position in UDR, Inc. (NYSE:UDR)

Vident Advisory LLC lowered its stake in shares of UDR, Inc. (NYSE:UDR - Free Report) by 40.7% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 45,528 shares of the real estate investment trust's stock after selling 31,278 shares during the quarter. Vident Advisory LLC's holdings in UDR were worth $1,976,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Vanguard Group Inc. increased its position in shares of UDR by 0.4% during the fourth quarter. Vanguard Group Inc. now owns 50,809,731 shares of the real estate investment trust's stock valued at $2,205,650,000 after buying an additional 180,551 shares during the period. Norges Bank bought a new stake in UDR during the fourth quarter worth about $1,273,442,000. Capital Research Global Investors boosted its stake in UDR by 64.1% during the fourth quarter. Capital Research Global Investors now owns 13,060,120 shares of the real estate investment trust's stock worth $566,940,000 after acquiring an additional 5,101,668 shares in the last quarter. FMR LLC boosted its stake in UDR by 10.5% during the fourth quarter. FMR LLC now owns 12,592,458 shares of the real estate investment trust's stock worth $546,639,000 after acquiring an additional 1,191,432 shares in the last quarter. Finally, Geode Capital Management LLC boosted its stake in UDR by 2.9% during the fourth quarter. Geode Capital Management LLC now owns 7,924,151 shares of the real estate investment trust's stock worth $343,129,000 after acquiring an additional 220,293 shares in the last quarter. Hedge funds and other institutional investors own 97.84% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms recently commented on UDR. Wells Fargo & Company dropped their price objective on shares of UDR from $48.00 to $45.00 and set an "overweight" rating on the stock in a research note on Friday, January 24th. Evercore ISI boosted their price objective on shares of UDR from $43.00 to $45.00 and gave the stock an "in-line" rating in a research note on Monday, February 10th. Scotiabank boosted their price objective on shares of UDR from $48.00 to $49.00 and gave the stock a "sector perform" rating in a research note on Friday, February 14th. Barclays boosted their price objective on shares of UDR from $48.00 to $51.00 and gave the stock an "overweight" rating in a research note on Friday, May 9th. Finally, Zelman & Associates reissued a "neutral" rating on shares of UDR in a research note on Thursday, February 13th. One investment analyst has rated the stock with a sell rating, ten have given a hold rating and seven have assigned a buy rating to the company's stock. Based on data from MarketBeat, the stock has an average rating of "Hold" and an average price target of $46.44.

UDR Stock Performance

UDR stock traded down $0.60 during midday trading on Friday, reaching $39.50. 2,890,754 shares of the company traded hands, compared to its average volume of 2,143,521. The firm has a market capitalization of $13.09 billion, a price-to-earnings ratio of 157.99, a price-to-earnings-growth ratio of 8.67 and a beta of 0.84. The business has a 50 day moving average of $41.98 and a two-hundred day moving average of $42.88. UDR, Inc. has a 12 month low of $36.61 and a 12 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 issued its quarterly earnings data on Wednesday, April 30th. The real estate investment trust reported $0.61 earnings per share for the quarter, meeting analysts' consensus estimates of $0.61. UDR had a net margin of 5.36% and a return on equity of 2.65%. The company had revenue of $419.84 million for the quarter, compared to the consensus estimate of $421.23 million. During the same quarter in the prior year, the firm earned $0.61 earnings per share. The firm's revenue for the quarter was up 2.0% compared to the same quarter last year. As a group, research analysts predict that UDR, Inc. will post 2.51 earnings per share for the current year.

UDR Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, April 30th. Shareholders of record on Thursday, April 10th were issued a dividend of $0.43 per share. 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 4.35%. The ex-dividend date was Thursday, April 10th. UDR's dividend payout ratio is currently 491.43%.

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.