UDR, Inc. (NYSE:UDR) Shares Purchased by Mercer Global Advisors Inc. ADV

Mercer Global Advisors Inc. ADV grew its stake in UDR, Inc. (NYSE:UDR - Free Report) by 779.4% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 39,404 shares of the real estate investment trust's stock after acquiring an additional 34,923 shares during the quarter. Mercer Global Advisors Inc. ADV's holdings in UDR were worth $1,711,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in the stock. Asset Management One Co. Ltd. lifted its holdings in UDR by 7.9% in the 4th quarter. Asset Management One Co. Ltd. now owns 587,772 shares of the real estate investment trust's stock valued at $25,515,000 after purchasing an additional 42,926 shares in the last quarter. Principal Financial Group Inc. raised its holdings in UDR by 45.7% in the 4th quarter. Principal Financial Group Inc. now owns 512,540 shares of the real estate investment trust's stock valued at $22,249,000 after acquiring an additional 160,708 shares during the last quarter. JPMorgan Chase & Co. lifted its stake in shares of UDR by 5.0% during the 3rd quarter. JPMorgan Chase & Co. now owns 7,774,541 shares of the real estate investment trust's stock worth $352,498,000 after purchasing an additional 368,087 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd boosted its holdings in shares of UDR by 7.0% during the fourth quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 95,344 shares of the real estate investment trust's stock worth $4,139,000 after purchasing an additional 6,217 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. increased its stake in UDR by 2.2% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 4,367,054 shares of the real estate investment trust's stock valued at $189,574,000 after purchasing an additional 95,022 shares during the last quarter. Institutional investors and hedge funds own 97.84% of the company's stock.

Insider Activity at UDR

In other UDR news, CEO Thomas W. Toomey sold 25,000 shares of the business's 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 transaction, the chief executive officer now directly owns 824,716 shares of the company's stock, valued at $35,256,609. The trade was a 2.94 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders own 3.39% of the company's stock.

Analysts Set New Price Targets

A number of research analysts recently weighed in on UDR shares. Barclays lifted their target price on UDR from $48.00 to $51.00 and gave the company an "overweight" rating in a report on Friday. 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 report on Monday, February 10th. Wells Fargo & Company decreased their price objective on shares of UDR from $48.00 to $45.00 and set an "overweight" rating for the company in a research note on Friday, January 24th. Truist Financial downgraded shares of UDR from a "buy" rating to a "hold" rating and raised their target price for the company from $45.00 to $46.00 in a research note on Monday, March 10th. Finally, Scotiabank increased their price target on UDR from $48.00 to $49.00 and gave the company a "sector perform" rating in a report on Friday, February 14th. One analyst has rated the stock with a sell rating, eleven have assigned a hold rating and seven have given a buy rating to the company. According to MarketBeat, UDR presently has an average rating of "Hold" and a consensus target price of $46.29.

UDR Stock Performance

Shares of NYSE UDR traded up $0.29 during trading on Friday, reaching $42.32. The stock had a trading volume of 1,556,056 shares, compared to its average volume of 2,137,822. The firm's 50 day moving average price is $42.45 and its two-hundred day moving average price is $43.01. UDR, Inc. has a one year low of $36.61 and a one year high of $47.55. The stock has a market cap of $14.02 billion, a PE ratio of 169.28, 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 quick ratio of 5.91 and a current ratio of 5.61.

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

UDR Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, April 30th. Investors of record on Thursday, April 10th were issued a $0.43 dividend. This is an increase 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 4.06%. UDR's dividend payout ratio (DPR) is 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.