Janus Henderson Group PLC Sells 109,256 Shares of UDR, Inc. (NYSE:UDR)

Janus Henderson Group PLC trimmed its position in UDR, Inc. (NYSE:UDR - Free Report) by 7.1% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 1,435,540 shares of the real estate investment trust's stock after selling 109,256 shares during the quarter. Janus Henderson Group PLC owned approximately 0.44% of UDR worth $62,297,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of the company. Vanguard Group Inc. lifted its position in shares of UDR by 0.4% in 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 last quarter. Norges Bank acquired a new stake in UDR during the 4th quarter valued at $1,273,442,000. Capital Research Global Investors boosted its position 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 purchasing an additional 5,101,668 shares during the period. FMR LLC increased its holdings in shares of UDR by 10.5% in the fourth quarter. FMR LLC now owns 12,592,458 shares of the real estate investment trust's stock valued at $546,639,000 after purchasing an additional 1,191,432 shares during the last quarter. Finally, Geode Capital Management LLC raised its position in shares of UDR by 2.9% in the fourth quarter. Geode Capital Management LLC now owns 7,924,151 shares of the real estate investment trust's stock valued at $343,129,000 after purchasing an additional 220,293 shares during the period. 97.84% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research analysts recently commented on the stock. StockNews.com upgraded shares of UDR from a "sell" rating to a "hold" rating in a research note on Thursday, February 6th. Evercore ISI upped their target price on UDR from $43.00 to $45.00 and gave the company an "in-line" rating in a research report on Monday, February 10th. Zelman & Associates reissued a "neutral" rating on shares of UDR in a report on Thursday, February 13th. Scotiabank upped their price objective on UDR from $48.00 to $49.00 and gave the company a "sector perform" rating in a report on Friday, February 14th. Finally, Barclays increased their price objective on UDR from $48.00 to $51.00 and gave the stock an "overweight" rating in a research report on Friday, May 9th. One investment 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's stock. According to data from MarketBeat.com, the company has an average rating of "Hold" and a consensus target price of $46.69.

Insider Activity

In related news, CEO Thomas W. Toomey sold 25,000 shares of the company's stock in a transaction that occurred on 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 transaction, the chief executive officer now directly owns 824,716 shares in the company, valued at $35,256,609. This represents a 2.94% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 3.39% of the stock is currently owned by corporate insiders.

UDR Price Performance

NYSE:UDR traded down $0.18 during mid-day trading on Monday, reaching $42.25. The stock had a trading volume of 200,011 shares, compared to its average volume of 2,135,216. UDR, Inc. has a 12 month low of $36.61 and a 12 month high of $47.55. The stock has a market capitalization of $14.00 billion, a PE ratio of 169.18, a P/E/G ratio of 8.67 and a beta of 0.84. The company has a debt-to-equity ratio of 1.71, a current ratio of 5.61 and a quick ratio of 5.91. The stock has a 50-day simple moving average of $42.21 and a two-hundred day simple moving average of $42.93.

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

UDR Increases Dividend

The business 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. The ex-dividend date was Thursday, April 10th. This represents a $1.72 dividend on an annualized basis and a dividend yield of 4.07%. This is a boost from UDR's previous quarterly dividend of $0.43. UDR's dividend payout ratio is 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.