UDR, Inc. (NYSE:UDR) Shares Acquired by Woodline Partners LP

Woodline Partners LP grew its stake in UDR, Inc. (NYSE:UDR - Free Report) by 7.7% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 520,519 shares of the real estate investment trust's stock after purchasing an additional 37,219 shares during the period. Woodline Partners LP owned about 0.16% of UDR worth $22,596,000 at the end of the most recent quarter.

Other hedge funds have also bought and sold shares of the company. Smartleaf Asset Management LLC lifted its stake in shares of 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 valued at $52,000 after purchasing an additional 491 shares during the period. Catalyst Capital Advisors LLC purchased a new position in UDR in the fourth quarter valued at $63,000. Crews Bank & Trust acquired a new position in shares of UDR in the fourth quarter worth about $76,000. Wingate Wealth Advisors Inc. purchased a new stake in shares of UDR during the 4th quarter worth about $87,000. Finally, Atlas Capital Advisors Inc. purchased a new position in shares of UDR in the 4th quarter valued at about $114,000. Hedge funds and other institutional investors own 97.84% of the company's stock.

UDR Trading Down 1.5%

NYSE:UDR traded down $0.60 during trading hours on Monday, hitting $39.50. The company had a trading volume of 2,890,754 shares, compared to its average volume of 2,143,521. UDR, Inc. has a 1 year low of $36.61 and a 1 year high of $47.55. The company has a market cap of $13.09 billion, a P/E ratio of 157.99, a P/E/G ratio of 8.67 and a beta of 0.84. The company has a 50-day moving average of $41.98 and a 200 day moving average of $42.87. The company has a current ratio of 5.61, a quick ratio of 5.91 and a debt-to-equity ratio of 1.71.

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

UDR Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, April 30th. Shareholders of record on Thursday, April 10th were given a dividend of $0.43 per share. 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 dividend yield of 4.35%. UDR's dividend payout ratio (DPR) is currently 491.43%.

Analysts Set New Price Targets

A number of equities analysts have issued reports on UDR shares. 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. Mizuho reduced their price objective on shares of UDR from $45.00 to $41.00 and set a "neutral" rating for the company in a research report on Friday. Scotiabank boosted their target price 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. Evercore ISI raised their price target on shares of UDR from $43.00 to $45.00 and gave the company an "in-line" rating in a research note on Monday, February 10th. Finally, Wall Street Zen upgraded UDR from a "sell" rating to a "hold" rating in a research note on Thursday, February 6th. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat.com, UDR has an average rating of "Hold" and a consensus price target of $46.44.

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.