First Trust Advisors LP Has $3.84 Million Stock Holdings in UDR, Inc. (NYSE:UDR)

First Trust Advisors LP decreased its position in shares of UDR, Inc. (NYSE:UDR - Free Report) by 24.0% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 88,554 shares of the real estate investment trust's stock after selling 28,033 shares during the period. First Trust Advisors LP's holdings in UDR were worth $3,844,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Norges Bank bought a new stake in shares of UDR in the 4th quarter valued at approximately $1,273,442,000. Invesco Ltd. grew its position in UDR by 92.0% in the fourth quarter. Invesco Ltd. now owns 7,535,234 shares of the real estate investment trust's stock worth $327,104,000 after acquiring an additional 3,609,925 shares in the last quarter. FMR LLC increased its stake in shares of UDR by 10.5% during the 4th quarter. FMR LLC now owns 12,592,458 shares of the real estate investment trust's stock worth $546,639,000 after purchasing an additional 1,191,432 shares during the last quarter. Prudential Financial Inc. raised its holdings in shares of UDR by 24.2% during the 4th quarter. Prudential Financial Inc. now owns 2,989,563 shares of the real estate investment trust's stock valued at $129,777,000 after purchasing an additional 583,126 shares in the last quarter. Finally, Raymond James Financial Inc. acquired a new stake in shares of UDR in the 4th quarter valued at $22,662,000. Hedge funds and other institutional investors own 97.84% of the company's stock.

Analyst Ratings Changes

UDR has been the subject of a number of analyst reports. Scotiabank boosted their price target on UDR from $48.00 to $49.00 and gave the stock a "sector perform" rating in a research report on Friday, February 14th. Mizuho decreased their target price on UDR from $47.00 to $45.00 and set a "neutral" rating for the company in a research report on Monday, January 6th. StockNews.com raised shares of UDR from a "sell" rating to a "hold" rating in a research report on Thursday, February 6th. Truist Financial cut shares of UDR from a "buy" rating to a "hold" rating and boosted their price objective for the stock from $45.00 to $46.00 in a research note on Monday, March 10th. Finally, Evercore ISI raised their target price 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. One investment analyst has rated the stock with a sell rating, eleven have given a hold rating and seven have given a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average price target of $46.12.

UDR Price Performance

NYSE:UDR opened at $43.80 on Friday. The company has a debt-to-equity ratio of 1.71, a quick ratio of 5.91 and a current ratio of 5.61. The company has a 50-day moving average of $42.69 and a 200-day moving average of $43.07. UDR, Inc. has a 52 week low of $36.61 and a 52 week high of $47.55. The company has a market capitalization of $14.50 billion, a price-to-earnings ratio of 175.18, a PEG ratio of 8.67 and a beta of 0.78.

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 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 the consensus estimate of $421.23 million. During the same period in the previous year, the business earned $0.61 earnings per share. The company's quarterly revenue was up 2.0% on a year-over-year basis. As a group, equities research analysts anticipate that UDR, Inc. will post 2.51 earnings per share for the current fiscal year.

UDR Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, April 30th. Shareholders of record on Thursday, April 10th were paid a dividend of $0.43 per share. This is a positive change from UDR's previous quarterly dividend of $0.43. This represents a $1.72 annualized dividend and a yield of 3.93%. The ex-dividend date was Thursday, April 10th. UDR's dividend payout ratio is currently 688.00%.

Insider Buying and Selling at UDR

In related news, CEO Thomas W. Toomey sold 25,000 shares of the 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 completion of the sale, the chief executive officer now owns 824,716 shares in the company, valued at $35,256,609. This trade represents a 2.94 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Company insiders own 3.39% of the company's stock.

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.

Want to see what other hedge funds are holding UDR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for UDR, Inc. (NYSE:UDR - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.