UDR, Inc. (NYSE:UDR) Shares Acquired by XTX Topco Ltd

XTX Topco Ltd increased its stake in shares of UDR, Inc. (NYSE:UDR) by 166.7% during the 4th quarter, HoldingsChannel.com reports. The fund owned 12,673 shares of the real estate investment trust’s stock after purchasing an additional 7,921 shares during the period. XTX Topco Ltd’s holdings in UDR were worth $550,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Norges Bank purchased a new position in shares of UDR in the fourth quarter valued at $1,273,442,000. Invesco Ltd. grew its stake in shares of UDR by 92.0% during the fourth quarter. Invesco Ltd. now owns 7,535,234 shares of the real estate investment trust’s stock valued at $327,104,000 after acquiring an additional 3,609,925 shares in the last quarter. FMR LLC increased its position in shares of UDR by 10.5% during 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. Prudential Financial Inc. boosted its holdings in UDR by 24.2% in the fourth quarter. Prudential Financial Inc. now owns 2,989,563 shares of the real estate investment trust’s stock valued at $129,777,000 after purchasing an additional 583,126 shares during the last quarter. Finally, Raymond James Financial Inc. purchased a new stake in UDR during the 4th quarter worth approximately $22,662,000. Hedge funds and other institutional investors own 97.84% of the company’s stock.

Insider Transactions at UDR

In related news, CEO Thomas W. Toomey sold 25,000 shares of UDR stock in a transaction dated Thursday, February 20th. The stock was sold at an average price of $42.75, for a total value of $1,068,750.00. Following the transaction, the chief executive officer now owns 824,716 shares of the company’s stock, valued at approximately $35,256,609. This trade represents a 2.94 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Corporate insiders own 3.73% of the company’s stock.

UDR Trading Up 1.0 %

Shares of UDR stock opened at $41.27 on Friday. The business has a fifty day simple moving average of $42.93 and a 200-day simple moving average of $43.23. UDR, Inc. has a fifty-two week low of $36.28 and a fifty-two week high of $47.55. The firm has a market cap of $13.67 billion, a price-to-earnings ratio of 165.08, a price-to-earnings-growth ratio of 8.67 and a beta of 0.78. The company has a quick ratio of 5.91, a current ratio of 5.61 and a debt-to-equity ratio of 1.71.

UDR (NYSE:UDR) last posted its quarterly earnings data on Wednesday, February 5th. The real estate investment trust reported $0.63 earnings per share for the quarter, beating the consensus estimate of $0.10 by $0.53. UDR had a net margin of 5.36% and a return on equity of 2.65%. On average, equities analysts forecast 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 will be paid on Wednesday, April 30th. Stockholders of record on Thursday, April 10th will be given a dividend of $0.43 per share. This represents a $1.72 dividend on an annualized basis and a dividend yield of 4.17%. The ex-dividend date is Thursday, April 10th. This is an increase from UDR’s previous quarterly dividend of $0.43. UDR’s dividend payout ratio is 688.00%.

Analyst Upgrades and Downgrades

UDR has been the subject of several research analyst reports. Royal Bank of Canada increased their target price on UDR from $43.00 to $44.00 and gave the company a “sector perform” rating in a research note on Friday, February 7th. Truist Financial downgraded shares of UDR from a “buy” rating to a “hold” rating and boosted their target price for the stock from $45.00 to $46.00 in a research report on Monday, March 10th. Zelman & Associates reiterated a “neutral” rating on shares of UDR in a research note on Thursday, February 13th. Mizuho reduced their target price on UDR from $47.00 to $45.00 and set a “neutral” rating on the stock in a report on Monday, January 6th. Finally, Barclays dropped their price target on UDR from $50.00 to $48.00 and set an “overweight” rating on the stock in a research report on Friday, January 24th. One investment analyst has rated the stock with a sell rating, eleven have given a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $46.12.

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.