Mitsubishi UFJ Asset Management Co. Ltd. Raises Position in UDR, Inc. (NYSE:UDR)

Mitsubishi UFJ Asset Management Co. Ltd. grew its holdings in shares of UDR, Inc. (NYSE:UDR - Free Report) by 6.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 486,168 shares of the real estate investment trust's stock after buying an additional 28,090 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. owned 0.15% of UDR worth $18,309,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in UDR. Principal Securities Inc. acquired a new stake in shares of UDR in the 4th quarter worth approximately $26,000. Parkside Financial Bank & Trust boosted its stake in UDR by 225.7% during the third quarter. Parkside Financial Bank & Trust now owns 1,088 shares of the real estate investment trust's stock valued at $39,000 after buying an additional 754 shares in the last quarter. Livforsakringsbolaget Skandia Omsesidigt grew its holdings in UDR by 87.3% during the fourth quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 1,435 shares of the real estate investment trust's stock worth $55,000 after acquiring an additional 669 shares during the period. Addison Advisors LLC raised its position in UDR by 53.1% in the fourth quarter. Addison Advisors LLC now owns 1,731 shares of the real estate investment trust's stock worth $66,000 after acquiring an additional 600 shares in the last quarter. Finally, Allworth Financial LP lifted its holdings in UDR by 20.1% in the 4th quarter. Allworth Financial LP now owns 1,943 shares of the real estate investment trust's stock valued at $74,000 after acquiring an additional 325 shares during the last quarter. 97.84% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research firms recently commented on UDR. Scotiabank boosted their target price on shares of UDR from $39.00 to $42.00 and gave the stock a "sector perform" rating in a report on Tuesday. The Goldman Sachs Group began coverage on UDR in a report on Thursday, February 22nd. They issued a "neutral" rating and a $39.00 target price on the stock. Morgan Stanley increased their price target on UDR from $37.00 to $40.00 and gave the company an "equal weight" rating in a research report on Tuesday. Mizuho decreased their target price on UDR from $38.00 to $35.00 and set a "neutral" rating for the company in a research report on Wednesday, February 28th. Finally, Deutsche Bank Aktiengesellschaft initiated coverage on shares of UDR in a report on Tuesday, January 30th. They set a "hold" rating and a $40.00 price target for the company. Eleven research analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus target price of $40.35.

Insider Activity at UDR

In other UDR news, SVP Michael D. Lacy sold 4,500 shares of the company's stock in a transaction dated Friday, May 10th. The shares were sold at an average price of $38.17, for a total transaction 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 filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 3.73% of the stock is currently owned by company insiders.

UDR Stock Performance

UDR traded up $0.12 on Friday, hitting $39.54. The company had a trading volume of 2,139,609 shares, compared to its average volume of 2,731,569. The stock has a market cap of $13.02 billion, a price-to-earnings ratio of 28.65, a price-to-earnings-growth ratio of 3.01 and a beta of 0.79. The company has a debt-to-equity ratio of 1.49, a current ratio of 6.61 and a quick ratio of 6.61. The company's fifty day moving average price is $37.46 and its 200 day moving average price is $36.36. UDR, Inc. has a 1-year low of $30.95 and a 1-year high of $44.02.

UDR Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, April 30th. Stockholders of record on Wednesday, April 10th were paid a $0.425 dividend. This represents a $1.70 dividend on an annualized basis and a dividend yield of 4.30%. This is a boost from UDR's previous quarterly dividend of $0.42. The ex-dividend date was Tuesday, April 9th. UDR's 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.