UDR, Inc. (NYSE:UDR) Shares Sold by BNP Paribas Asset Management Holding S.A.

BNP Paribas Asset Management Holding S.A. lowered its stake in shares of UDR, Inc. (NYSE:UDR - Free Report) by 76.5% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 47,374 shares of the real estate investment trust's stock after selling 154,249 shares during the period. BNP Paribas Asset Management Holding S.A.'s holdings in UDR were worth $1,814,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Principal Securities Inc. bought a new position in shares of UDR during the 4th quarter valued at approximately $26,000. Quest Partners LLC purchased a new position in shares of UDR during the 4th quarter valued at $27,000. Parkside Financial Bank & Trust boosted its holdings in UDR by 225.7% in the 3rd quarter. Parkside Financial Bank & Trust now owns 1,088 shares of the real estate investment trust's stock worth $39,000 after buying an additional 754 shares during the period. Livforsakringsbolaget Skandia Omsesidigt raised 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 valued at $55,000 after acquiring an additional 669 shares during the period. Finally, Addison Advisors LLC lifted its position in shares of UDR by 53.1% in the fourth quarter. Addison Advisors LLC now owns 1,731 shares of the real estate investment trust's stock valued at $66,000 after acquiring an additional 600 shares in the last quarter. Institutional investors own 97.84% of the company's stock.

UDR Trading Up 0.8 %

NYSE:UDR traded up $0.30 during midday trading on Tuesday, hitting $39.69. The stock had a trading volume of 2,219,163 shares, compared to its average volume of 2,893,508. The stock has a 50-day moving average of $37.49 and a 200 day moving average of $36.48. The company has a market capitalization of $13.07 billion, a price-to-earnings ratio of 28.54, a PEG ratio of 3.02 and a beta of 0.79. UDR, Inc. has a one year low of $30.95 and a one year high of $44.02. 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 Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, April 30th. Shareholders of record on Wednesday, April 10th were issued a dividend of $0.425 per share. This represents a $1.70 annualized dividend and a yield of 4.28%. This is a boost 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%.

Insider Activity

In other news, SVP Michael D. Lacy sold 4,500 shares of UDR 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 transaction, the senior vice president now directly owns 8,566 shares in the company, valued at approximately $326,964.22. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 3.73% of the company's stock.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on UDR shares. Barclays cut shares of UDR from an "overweight" rating to an "equal weight" rating and reduced their price objective for the company from $46.00 to $37.00 in a research report on Tuesday, February 20th. Truist Financial reduced their price objective on UDR from $45.00 to $42.00 and set a "buy" rating on the stock in a research note on Tuesday, April 9th. Wells Fargo & Company upgraded UDR from an "equal weight" rating to an "overweight" rating and increased their target price for the company from $34.00 to $39.00 in a research report on Monday, March 4th. UBS Group upgraded shares of UDR from a "neutral" rating to a "buy" rating and boosted their price target for the stock from $38.00 to $44.00 in a research report on Thursday, April 25th. Finally, Morgan Stanley upped their price target on shares of UDR from $37.00 to $40.00 and gave the company an "equal weight" rating in a research note on Tuesday, May 14th. Eleven research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat.com, UDR currently has a consensus rating of "Hold" and an average target price of $40.35.

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.