Ensign Peak Advisors Inc Has $4.63 Million Stock Holdings in UDR, Inc. (NYSE:UDR)

Ensign Peak Advisors Inc raised its stake in shares of UDR, Inc. (NYSE:UDR - Free Report) by 7.0% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 106,704 shares of the real estate investment trust's stock after buying an additional 6,971 shares during the period. Ensign Peak Advisors Inc's holdings in UDR were worth $4,632,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of UDR. JPMorgan Chase & Co. increased its position in UDR by 5.0% in the 3rd quarter. JPMorgan Chase & Co. now owns 7,774,541 shares of the real estate investment trust's stock worth $352,498,000 after purchasing an additional 368,087 shares during the last quarter. Czech National Bank increased its holdings in UDR by 6.5% in the fourth quarter. Czech National Bank now owns 65,104 shares of the real estate investment trust's stock worth $2,826,000 after buying an additional 3,963 shares during the last quarter. Salem Investment Counselors Inc. raised its position in UDR by 62.7% during the fourth quarter. Salem Investment Counselors Inc. now owns 1,349 shares of the real estate investment trust's stock valued at $59,000 after acquiring an additional 520 shares in the last quarter. Eastern Bank acquired a new stake in UDR in the fourth quarter valued at approximately $68,000. Finally, Oak Thistle LLC acquired a new stake in shares of UDR in the 4th quarter valued at $559,000. 97.84% of the stock is currently owned by hedge funds and other institutional investors.

UDR Stock Down 0.3%

UDR stock traded down $0.13 during midday trading on Tuesday, reaching $42.10. The stock had a trading volume of 182,146 shares, compared to its average volume of 2,181,119. UDR, Inc. has a 1-year low of $36.61 and a 1-year high of $47.55. The firm's fifty day simple moving average is $42.19 and its 200-day simple moving average is $42.94. The stock has a market capitalization of $13.95 billion, a P/E ratio of 168.40, a price-to-earnings-growth ratio of 8.67 and a beta of 0.84. The company has a debt-to-equity ratio of 1.71, a quick ratio of 5.91 and a current ratio of 5.61.

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

UDR Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, April 30th. Stockholders of record on Thursday, April 10th were given a $0.43 dividend. The ex-dividend date was Thursday, April 10th. This is a positive change from UDR's previous quarterly dividend of $0.43. This represents a $1.72 annualized dividend and a dividend yield of 4.09%. UDR's dividend payout ratio is presently 491.43%.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on UDR. Royal Bank of Canada boosted their price target on UDR from $43.00 to $44.00 and gave the stock a "sector perform" rating in a research report on Thursday, May 8th. Scotiabank upped their target price on UDR from $48.00 to $49.00 and gave the stock a "sector perform" rating in a research report on Friday, February 14th. Barclays increased their price target on UDR from $48.00 to $51.00 and gave the company an "overweight" rating in a report on Friday, May 9th. Evercore ISI boosted their price objective on shares of UDR from $43.00 to $45.00 and gave the stock an "in-line" rating in a research note on Monday, February 10th. Finally, Wells Fargo & Company lowered their target price on shares of UDR from $48.00 to $45.00 and set an "overweight" rating on the stock in a research note on Friday, January 24th. One analyst has rated the stock with a sell rating, ten have given a hold rating and seven have assigned a buy rating to the company. According to MarketBeat, UDR currently has an average rating of "Hold" and a consensus target price of $46.69.

Insider Activity at UDR

In other UDR news, CEO Thomas W. Toomey sold 25,000 shares of UDR stock in a transaction dated 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 completion of the sale, the chief executive officer now owns 824,716 shares in the company, valued at $35,256,609. The trade was a 2.94% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 3.39% of the stock is currently owned by corporate 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.