Uniplan Investment Counsel Inc. Makes New Investment in UDR, Inc. (NYSE:UDR)

Uniplan Investment Counsel Inc. acquired a new position in shares of UDR, Inc. (NYSE:UDR - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 33,720 shares of the real estate investment trust's stock, valued at approximately $1,464,000.

Several other institutional investors have also added to or reduced their stakes in UDR. Norges Bank acquired a new stake in UDR in the 4th quarter valued at $1,273,442,000. Capital Research Global Investors increased its holdings in UDR by 64.1% during 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 buying an additional 5,101,668 shares during the last quarter. Invesco Ltd. raised its position in UDR by 92.0% during the fourth quarter. Invesco Ltd. now owns 7,535,234 shares of the real estate investment trust's stock worth $327,104,000 after acquiring an additional 3,609,925 shares in the last quarter. FMR LLC lifted its stake in UDR by 10.5% in the fourth quarter. FMR LLC now owns 12,592,458 shares of the real estate investment trust's stock valued at $546,639,000 after acquiring an additional 1,191,432 shares during the last quarter. Finally, Prudential Financial Inc. grew its position in shares of UDR by 24.2% in the 4th quarter. Prudential Financial Inc. now owns 2,989,563 shares of the real estate investment trust's stock valued at $129,777,000 after acquiring an additional 583,126 shares during the period. 97.84% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several research firms have issued reports on UDR. Evercore ISI upped their price objective on UDR from $43.00 to $45.00 and gave the company an "in-line" rating in a research note on Monday, February 10th. Scotiabank raised their target price on shares of UDR from $48.00 to $49.00 and gave the stock a "sector perform" rating in a research note on Friday, February 14th. Mizuho decreased their price target on shares of UDR from $47.00 to $45.00 and set a "neutral" rating on the stock in a research note on Monday, January 6th. Barclays reduced their price objective on UDR from $50.00 to $48.00 and set an "overweight" rating for the company in a report on Friday, January 24th. Finally, Truist Financial lowered shares of UDR from a "buy" rating to a "hold" rating and raised their price target for the stock from $45.00 to $46.00 in a research report on Monday, March 10th. One investment analyst has rated the stock with a sell rating, eleven have given a hold rating and seven have given a buy rating to the stock. According to MarketBeat, UDR currently has a consensus rating of "Hold" and a consensus target price of $46.12.

UDR Stock Down 0.2 %

UDR stock traded down $0.09 during trading on Monday, reaching $41.22. 529,253 shares of the stock were exchanged, compared to its average volume of 2,168,145. The firm's 50 day moving average is $42.78 and its 200 day moving average is $43.12. UDR, Inc. has a twelve month low of $36.61 and a twelve month high of $47.55. The company has a current ratio of 5.61, a quick ratio of 5.91 and a debt-to-equity ratio of 1.71. The firm has a market cap of $13.65 billion, a P/E ratio of 164.82, a price-to-earnings-growth ratio of 8.67 and a beta of 0.78.

UDR (NYSE:UDR - Get Free Report) last posted its earnings results on Wednesday, February 5th. The real estate investment trust reported $0.63 earnings per share for the quarter, topping analysts' consensus estimates of $0.10 by $0.53. UDR had a net margin of 5.36% and a return on equity of 2.65%. As a group, research 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 will be paid on Wednesday, April 30th. Investors of record on Thursday, April 10th will be given a dividend of $0.43 per share. This is a positive change from UDR's previous quarterly dividend of $0.43. This represents a $1.72 dividend on an annualized basis and a dividend yield of 4.17%. The ex-dividend date of this dividend is Thursday, April 10th. UDR's dividend payout ratio (DPR) is presently 688.00%.

Insider Activity

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

About UDR

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.