UDR, Inc. (NYSE:UDR) Shares Bought by OVERSEA CHINESE BANKING Corp Ltd

OVERSEA CHINESE BANKING Corp Ltd grew its position in shares of UDR, Inc. (NYSE:UDR) by 23.1% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 177,096 shares of the real estate investment trust’s stock after purchasing an additional 33,280 shares during the period. OVERSEA CHINESE BANKING Corp Ltd owned approximately 0.05% of UDR worth $7,688,000 as of its most recent SEC filing.

A number of other large investors also recently added to or reduced their stakes in the company. Asset Management One Co. Ltd. increased its position in shares of UDR by 7.9% during the fourth quarter. Asset Management One Co. Ltd. now owns 587,772 shares of the real estate investment trust’s stock worth $25,515,000 after acquiring an additional 42,926 shares during the period. Principal Financial Group Inc. increased its position in shares of UDR by 45.7% during the fourth quarter. Principal Financial Group Inc. now owns 512,540 shares of the real estate investment trust’s stock worth $22,249,000 after acquiring an additional 160,708 shares during the period. JPMorgan Chase & Co. increased its position in shares of UDR by 5.0% during the third quarter. JPMorgan Chase & Co. now owns 7,774,541 shares of the real estate investment trust’s stock worth $352,498,000 after acquiring an additional 368,087 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd increased its position in shares of UDR by 7.0% during the fourth quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 95,344 shares of the real estate investment trust’s stock worth $4,139,000 after acquiring an additional 6,217 shares during the period. Finally, Daiwa Securities Group Inc. increased its position in shares of UDR by 2.3% during the third quarter. Daiwa Securities Group Inc. now owns 7,109,980 shares of the real estate investment trust’s stock worth $322,366,000 after acquiring an additional 159,625 shares during the period. 97.84% of the stock is currently owned by institutional investors and hedge funds.

UDR Stock Performance

Shares of UDR stock opened at $43.41 on Wednesday. The stock’s 50-day moving average is $42.59 and its two-hundred day moving average is $43.79. The firm has a market cap of $14.37 billion, a price-to-earnings ratio of 173.62, a PEG ratio of 8.67 and a beta of 0.88. UDR, Inc. has a 1 year low of $35.14 and a 1 year high of $47.55. 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) last announced its earnings results on Wednesday, February 5th. The real estate investment trust reported $0.63 earnings per share for the quarter, topping 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%. Analysts predict that UDR, Inc. will post 2.51 earnings per share for the current year.

UDR Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Thursday, April 10th will be paid a dividend of $0.43 per share. This is an increase from UDR’s previous quarterly dividend of $0.43. The ex-dividend date of this dividend is Thursday, April 10th. This represents a $1.72 annualized dividend and a dividend yield of 3.96%. UDR’s dividend payout ratio is 688.00%.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on the company. Wells Fargo & Company cut their price objective on UDR from $48.00 to $45.00 and set an “overweight” rating on the stock in a research report on Friday, January 24th. Evercore ISI increased their target price on UDR from $43.00 to $45.00 and gave the company an “in-line” rating in a report on Monday, February 10th. 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 report on Friday, February 7th. Scotiabank increased their target price on UDR from $48.00 to $49.00 and gave the company a “sector perform” rating in a report on Friday, February 14th. Finally, Zelman & Associates reissued a “neutral” rating on shares of UDR in a report on Thursday, February 13th. One research analyst has rated the stock with a sell rating, eleven have assigned a hold rating and seven have assigned a buy rating to the company’s stock. According to data from MarketBeat, UDR presently has a consensus rating of “Hold” and a consensus target price of $46.12.

Insider Transactions at UDR

In other news, CEO Thomas W. Toomey sold 25,000 shares of the stock in a transaction dated Thursday, February 20th. The shares were 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 approximately $35,256,609. This represents a 2.94 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 3.73% of the company’s stock.

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.