Ameriprise Financial Inc. Grows Stock Position in UDR, Inc. (NYSE:UDR)

Ameriprise Financial Inc. raised its stake in UDR, Inc. (NYSE:UDR - Free Report) by 2.8% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 468,421 shares of the real estate investment trust's stock after buying an additional 12,795 shares during the quarter. Ameriprise Financial Inc. owned about 0.14% of UDR worth $20,334,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of UDR. Smartleaf Asset Management LLC boosted its holdings in UDR by 68.7% during the 4th quarter. Smartleaf Asset Management LLC now owns 1,206 shares of the real estate investment trust's stock valued at $52,000 after acquiring an additional 491 shares during the period. Catalyst Capital Advisors LLC acquired a new position in shares of UDR in the fourth quarter valued at approximately $63,000. Crews Bank & Trust purchased a new stake in UDR during the 4th quarter worth approximately $76,000. Wingate Wealth Advisors Inc. purchased a new stake in UDR during the 4th quarter worth approximately $87,000. Finally, Atlas Capital Advisors Inc. acquired a new stake in UDR during the 4th quarter worth approximately $114,000. Hedge funds and other institutional investors own 97.84% of the company's stock.

Insiders Place Their Bets

In other news, CEO Thomas W. Toomey sold 25,000 shares of the company's stock in a transaction that occurred 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 owns 824,716 shares in the company, valued at $35,256,609. This represents a 2.94% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 3.39% of the stock is owned by insiders.

Wall Street Analyst Weigh In

UDR has been the topic of a number of recent research reports. Zelman & Associates reaffirmed a "neutral" rating on shares of UDR in a research report on Thursday, February 13th. Wells Fargo & Company lowered their target price on UDR from $48.00 to $45.00 and set an "overweight" rating for the company in a research note on Friday, January 24th. Truist Financial lowered UDR from a "buy" rating to a "hold" rating and increased their price target for the company from $45.00 to $46.00 in a research report on Monday, March 10th. Royal Bank of Canada boosted their price objective on UDR from $43.00 to $44.00 and gave the stock a "sector perform" rating in a research report on Thursday, May 8th. Finally, StockNews.com raised shares of UDR from a "sell" rating to a "hold" rating in a report on Thursday, February 6th. One analyst has rated the stock with a sell rating, ten have given a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus target price of $46.69.

UDR Stock Performance

Shares of UDR stock traded down $0.21 during trading hours on Monday, hitting $42.21. The stock had a trading volume of 1,601,167 shares, compared to its average volume of 2,140,677. 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 firm has a market capitalization of $13.98 billion, a PE ratio of 168.84, a PEG ratio of 8.67 and a beta of 0.84. The stock's 50 day moving average is $42.21 and its 200 day moving average is $42.93. UDR, Inc. has a twelve month low of $36.61 and a twelve month high of $47.55.

UDR (NYSE:UDR - Get Free Report) last issued its quarterly earnings data on Wednesday, April 30th. The real estate investment trust reported $0.61 earnings per share (EPS) for the quarter, hitting the consensus estimate 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 last year, the firm posted $0.61 EPS. UDR's revenue for the quarter was up 2.0% on a year-over-year basis. As a group, research analysts forecast that UDR, Inc. will post 2.51 earnings per share for the current fiscal year.

UDR Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, April 30th. Shareholders of record on Thursday, April 10th were paid a dividend of $0.43 per share. The ex-dividend date of this dividend was Thursday, April 10th. This is an increase from UDR's previous quarterly dividend of $0.43. This represents a $1.72 annualized dividend and a yield of 4.07%. UDR's dividend payout ratio is currently 491.43%.

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.