Dimensional Fund Advisors LP Sells 95,994 Shares of UDR, Inc. (NYSE:UDR)

Dimensional Fund Advisors LP lowered its holdings in shares of UDR, Inc. (NYSE:UDR - Free Report) by 2.1% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 4,574,786 shares of the real estate investment trust's stock after selling 95,994 shares during the period. Dimensional Fund Advisors LP owned 1.39% of UDR worth $175,172,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently made changes to their positions in UDR. International Assets Investment Management LLC boosted its stake in shares of UDR by 3,730.9% in the fourth quarter. International Assets Investment Management LLC now owns 37,351 shares of the real estate investment trust's stock valued at $1,430,000 after buying an additional 36,376 shares during the period. Sumitomo Mitsui Trust Holdings Inc. boosted its stake in shares of UDR by 79.3% in the fourth quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 1,830,437 shares of the real estate investment trust's stock valued at $70,087,000 after buying an additional 809,273 shares during the period. Charles Schwab Investment Management Inc. boosted its stake in shares of UDR by 2.0% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 4,128,230 shares of the real estate investment trust's stock valued at $158,070,000 after buying an additional 81,981 shares during the period. IFM Investors Pty Ltd boosted its stake in shares of UDR by 1.3% in the fourth quarter. IFM Investors Pty Ltd now owns 66,266 shares of the real estate investment trust's stock valued at $2,537,000 after buying an additional 847 shares during the period. Finally, Daiwa Securities Group Inc. boosted its stake in shares of UDR by 7.1% in the fourth quarter. Daiwa Securities Group Inc. now owns 6,108,077 shares of the real estate investment trust's stock valued at $233,878,000 after buying an additional 403,377 shares during the period. Institutional investors own 97.84% of the company's stock.

Analyst Ratings Changes

Several brokerages recently issued reports on UDR. UBS Group upgraded UDR from a "neutral" rating to a "buy" rating and boosted their price target for the company from $38.00 to $44.00 in a research note on Thursday, April 25th. Morgan Stanley boosted their price objective on shares of UDR from $37.00 to $40.00 and gave the company an "equal weight" rating in a research report on Tuesday. Mizuho lowered their price objective on shares of UDR from $38.00 to $35.00 and set a "neutral" rating for the company in a research report on Wednesday, February 28th. The Goldman Sachs Group initiated coverage on shares of UDR in a research report on Thursday, February 22nd. They set a "neutral" rating and a $39.00 price objective for the company. Finally, Piper Sandler upgraded shares of UDR from an "underweight" rating to a "neutral" rating and boosted their price objective for the company from $34.00 to $40.00 in a research report on Wednesday, April 10th. Eleven investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus target price of $40.35.

Insider Activity at UDR

In related news, SVP Michael D. Lacy sold 4,500 shares of the stock in a transaction on Friday, May 10th. The stock was sold at an average price of $38.17, for a total value of $171,765.00. Following the completion of the sale, the senior vice president now directly owns 8,566 shares in the company, valued at $326,964.22. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 3.73% of the stock is currently owned by company insiders.

UDR Price Performance

Shares of NYSE:UDR traded up $0.12 during trading on Friday, hitting $39.54. 2,139,609 shares of the company were exchanged, compared to its average volume of 2,911,431. The business's 50 day moving average is $37.43 and its 200-day moving average is $36.31. The company has a market capitalization of $13.02 billion, a P/E ratio of 28.57, a price-to-earnings-growth ratio of 3.02 and a beta of 0.79. The company has a quick ratio of 6.61, a current ratio of 6.61 and a debt-to-equity ratio of 1.49. UDR, Inc. has a 1-year low of $30.95 and a 1-year high of $44.02.

UDR Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, April 30th. Investors of record on Wednesday, April 10th were issued a $0.425 dividend. This represents a $1.70 dividend on an annualized basis and a yield of 4.30%. This is an increase from UDR's previous quarterly dividend of $0.42. The ex-dividend date of this dividend was Tuesday, April 9th. UDR's dividend payout ratio is presently 123.19%.

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.