The Manufacturers Life Insurance Company Sells 17,806 Shares of UDR, Inc. (NYSE:UDR)

The Manufacturers Life Insurance Company trimmed its position in UDR, Inc. (NYSE:UDR - Free Report) by 6.4% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 259,415 shares of the real estate investment trust's stock after selling 17,806 shares during the quarter. The Manufacturers Life Insurance Company owned approximately 0.08% of UDR worth $11,261,000 at the end of the most recent quarter.

Several other institutional investors have also made changes to their positions in the company. Vanguard Group Inc. increased its holdings in shares of UDR by 0.4% in the 4th 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 purchasing an additional 180,551 shares during the period. Norges Bank purchased a new position in shares of UDR during the 4th quarter valued at $1,273,442,000. Capital Research Global Investors increased its stake in shares of UDR by 64.1% in the fourth quarter. Capital Research Global Investors now owns 13,060,120 shares of the real estate investment trust's stock worth $566,940,000 after acquiring an additional 5,101,668 shares during the last quarter. FMR LLC increased its stake in shares of UDR by 10.5% in the fourth 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 last quarter. Finally, Geode Capital Management LLC lifted its holdings in shares of UDR by 2.9% during 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 buying an additional 220,293 shares during the last quarter. 97.84% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at UDR

In other news, CEO Thomas W. Toomey sold 25,000 shares of the business's stock in a transaction dated 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 transaction, the chief executive officer now owns 824,716 shares of the company's stock, valued at approximately $35,256,609. The trade was a 2.94 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 3.39% of the company's stock.

Analyst Ratings Changes

UDR has been the subject of several research analyst reports. Scotiabank increased their target price on UDR from $48.00 to $49.00 and gave the company a "sector perform" rating in a research note on Friday, February 14th. Barclays reduced their price objective on UDR from $50.00 to $48.00 and set an "overweight" rating on the stock in a research note on Friday, January 24th. StockNews.com upgraded UDR from a "sell" rating to a "hold" rating in a research note on Thursday, February 6th. Zelman & Associates reissued a "neutral" rating on shares of UDR in a report on Thursday, February 13th. Finally, Royal Bank of Canada lifted their price target on UDR from $43.00 to $44.00 and gave the stock a "sector perform" rating in a report on Friday, February 7th. One investment analyst has rated the stock with a sell rating, eleven have issued a hold rating and seven have given a buy rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Hold" and a consensus price target of $46.12.

UDR Price Performance

Shares of NYSE:UDR traded down $0.11 during trading on Wednesday, reaching $42.72. The company had a trading volume of 1,858,289 shares, compared to its average volume of 2,144,748. UDR, Inc. has a twelve month low of $36.61 and a twelve month high of $47.55. The firm's fifty day moving average is $42.65 and its 200 day moving average is $43.04. The firm has a market capitalization of $14.15 billion, a PE ratio of 170.88, 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 earnings results on Wednesday, April 30th. The real estate investment trust reported $0.61 EPS for the quarter, hitting the consensus estimate of $0.61. UDR had a return on equity of 2.65% and a net margin of 5.36%. The business had revenue of $419.84 million during the quarter, compared to the consensus estimate of $421.23 million. During the same quarter last year, the company earned $0.61 EPS. UDR's revenue was up 2.0% on a year-over-year basis. On average, equities analysts forecast that UDR, Inc. will post 2.51 EPS for the current year.

UDR Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, April 30th. Shareholders of record on Thursday, April 10th were given a dividend of $0.43 per share. The ex-dividend date was Thursday, April 10th. This represents a $1.72 dividend on an annualized basis and a yield of 4.03%. This is a boost from UDR's previous quarterly dividend of $0.43. UDR's dividend payout ratio is 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.