Susquehanna International Group LLP Acquires 108,761 Shares of UDR, Inc. (NYSE:UDR)

Susquehanna International Group LLP grew its position in shares of UDR, Inc. (NYSE:UDR - Free Report) by 125.9% during the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 195,143 shares of the real estate investment trust's stock after purchasing an additional 108,761 shares during the quarter. Susquehanna International Group LLP owned 0.06% of UDR worth $8,471,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Smartleaf Asset Management LLC raised its position in UDR by 68.7% during the fourth quarter. Smartleaf Asset Management LLC now owns 1,206 shares of the real estate investment trust's stock valued at $52,000 after buying an additional 491 shares during the period. Salem Investment Counselors Inc. boosted its holdings in UDR by 62.7% in the fourth quarter. Salem Investment Counselors Inc. now owns 1,349 shares of the real estate investment trust's stock worth $59,000 after purchasing an additional 520 shares in the last quarter. Catalyst Capital Advisors LLC acquired a new position in shares of UDR during the 4th quarter valued at about $63,000. Eastern Bank bought a new position in shares of UDR in the fourth quarter valued at approximately $68,000. Finally, Crews Bank & Trust acquired a new position in UDR during the 4th quarter worth $76,000. 97.84% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several research analysts have commented on UDR shares. Mizuho dropped their price target on UDR from $47.00 to $45.00 and set a "neutral" rating on the stock in a research report on Monday, January 6th. StockNews.com upgraded shares of UDR from a "sell" rating to a "hold" rating in a research note on Thursday, February 6th. Wells Fargo & Company decreased their price target on shares of UDR from $48.00 to $45.00 and set an "overweight" rating on the stock in a research report on Friday, January 24th. Scotiabank boosted their price objective on shares of UDR from $48.00 to $49.00 and gave the stock a "sector perform" rating in a report on Friday, February 14th. Finally, Royal Bank of Canada raised their target price on UDR from $43.00 to $44.00 and gave the stock a "sector perform" rating in a research report on Friday, February 7th. One investment analyst has rated the stock with a sell rating, eleven have assigned a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus target price of $46.12.

Insiders Place Their Bets

In related news, CEO Thomas W. Toomey sold 25,000 shares of the business's stock in a transaction on Thursday, February 20th. The shares were sold at an average price of $42.75, for a total value of $1,068,750.00. Following the sale, the chief executive officer now directly owns 824,716 shares of the company's stock, valued at approximately $35,256,609. The trade was a 2.94 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Company insiders own 3.39% of the company's stock.

UDR Price Performance

Shares of UDR stock traded up $1.20 during trading hours on Friday, reaching $43.80. 2,128,682 shares of the company were exchanged, compared to its average volume of 2,151,089. UDR, Inc. has a fifty-two week low of $36.61 and a fifty-two week high of $47.55. 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's fifty day moving average is $42.69 and its two-hundred day moving average is $43.07. The company has a market cap of $14.50 billion, a price-to-earnings ratio of 175.18, a P/E/G ratio of 8.67 and a beta of 0.78.

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

UDR Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, April 30th. Shareholders of record on Thursday, April 10th were paid a $0.43 dividend. This is a positive change 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 yield of 3.93%. UDR's dividend payout ratio is presently 688.00%.

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.