OMERS ADMINISTRATION Corp Cuts Position in UDR, Inc. (NYSE:UDR)

OMERS ADMINISTRATION Corp trimmed its holdings in UDR, Inc. (NYSE:UDR - Free Report) by 8.1% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 246,672 shares of the real estate investment trust's stock after selling 21,791 shares during the quarter. OMERS ADMINISTRATION Corp owned approximately 0.07% of UDR worth $10,708,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Vanguard Group Inc. raised its holdings in shares of UDR by 0.4% in the fourth quarter. Vanguard Group Inc. now owns 50,809,731 shares of the real estate investment trust's stock valued at $2,205,650,000 after buying an additional 180,551 shares during the last quarter. Norges Bank acquired a new position in UDR in the 4th quarter valued at about $1,273,442,000. Capital Research Global Investors raised its stake in UDR by 64.1% during the 4th quarter. Capital Research Global Investors now owns 13,060,120 shares of the real estate investment trust's stock valued at $566,940,000 after acquiring an additional 5,101,668 shares during the last quarter. FMR LLC lifted its position in UDR by 10.5% during the 4th quarter. FMR LLC now owns 12,592,458 shares of the real estate investment trust's stock worth $546,639,000 after acquiring an additional 1,191,432 shares during the period. Finally, Geode Capital Management LLC grew its stake in shares of UDR by 2.9% in the 4th quarter. Geode Capital Management LLC now owns 7,924,151 shares of the real estate investment trust's stock valued at $343,129,000 after purchasing an additional 220,293 shares during the last quarter. Hedge funds and other institutional investors own 97.84% of the company's stock.

Analyst Ratings Changes

Several equities research analysts have recently commented on UDR shares. Evercore ISI upped their price target on UDR from $43.00 to $45.00 and gave the stock an "in-line" rating in a research note on Monday, February 10th. Zelman & Associates restated a "neutral" rating on shares of UDR in a research note on Thursday, February 13th. Truist Financial downgraded shares of UDR from a "buy" rating to a "hold" rating and lifted their target price for the company from $45.00 to $46.00 in a report on Monday, March 10th. Barclays increased their price target on shares of UDR from $48.00 to $51.00 and gave the stock an "overweight" rating in a report on Friday, May 9th. Finally, Royal Bank of Canada boosted their target price on UDR from $43.00 to $44.00 and gave the stock a "sector perform" rating in a research report on Thursday, May 8th. One research analyst has rated the stock with a sell rating, ten have given a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat.com, UDR presently has a consensus rating of "Hold" and a consensus price target of $46.69.

UDR Price Performance

UDR stock traded up $0.53 on Friday, reaching $42.43. The company had a trading volume of 2,270,450 shares, compared to its average volume of 2,142,832. The company has a debt-to-equity ratio of 1.71, a quick ratio of 5.91 and a current ratio of 5.61. The company's fifty day moving average is $42.24 and its 200 day moving average is $42.94. The company has a market cap of $14.06 billion, a P/E ratio of 169.72, a PEG ratio of 8.67 and a beta of 0.84. UDR, Inc. has a 1 year low of $36.61 and a 1 year high of $47.55.

UDR (NYSE:UDR - Get Free Report) last posted its quarterly earnings data on Wednesday, April 30th. The real estate investment trust reported $0.61 EPS for the quarter, meeting analysts' consensus estimates of $0.61. The business had revenue of $419.84 million for the quarter, compared to analyst estimates of $421.23 million. UDR had a return on equity of 2.65% and a net margin of 5.36%. The business's revenue for the quarter was up 2.0% compared to the same quarter last year. During the same quarter last 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 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 given a dividend of $0.43 per share. 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 4.05%. UDR's dividend payout ratio is 491.43%.

Insiders Place Their Bets

In other news, CEO Thomas W. Toomey sold 25,000 shares of the company's stock in a transaction on Thursday, February 20th. The stock was sold at an average price of $42.75, for a total transaction of $1,068,750.00. Following the completion of the sale, the chief executive officer now directly owns 824,716 shares in the company, valued at $35,256,609. This represents a 2.94% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. 3.39% of the stock is currently owned by insiders.

UDR 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.