National Bank of Canada FI Sells 54,100 Shares of UDR, Inc. (NYSE:UDR)

National Bank of Canada FI trimmed its holdings in shares of UDR, Inc. (NYSE:UDR) by 27.8% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 140,417 shares of the real estate investment trust’s stock after selling 54,100 shares during the period. National Bank of Canada FI’s holdings in UDR were worth $6,096,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also added to or reduced their stakes in UDR. Townsquare Capital LLC purchased a new position in shares of UDR in the 3rd quarter valued at $224,000. Investment Management Corp of Ontario boosted its position in UDR by 48.6% during the third quarter. Investment Management Corp of Ontario now owns 10,397 shares of the real estate investment trust’s stock valued at $471,000 after purchasing an additional 3,400 shares in the last quarter. Royal London Asset Management Ltd. grew its stake in UDR by 0.6% in the third quarter. Royal London Asset Management Ltd. now owns 160,778 shares of the real estate investment trust’s stock valued at $7,290,000 after purchasing an additional 1,019 shares during the last quarter. Worldquant Millennium Advisors LLC bought a new position in UDR in the third quarter worth about $5,427,000. Finally, Continuum Advisory LLC lifted its position in shares of UDR by 5,335.3% during the third quarter. Continuum Advisory LLC now owns 924 shares of the real estate investment trust’s stock valued at $41,000 after buying an additional 907 shares during the last quarter. Hedge funds and other institutional investors own 97.84% of the company’s stock.

Analysts Set New Price Targets

Several research analysts recently commented on the stock. StockNews.com upgraded shares of UDR from a “sell” rating to a “hold” rating in a research note on Thursday, February 6th. Zelman & Associates reiterated a “neutral” rating on shares of UDR in a report on Thursday, February 13th. Barclays dropped their target price on UDR from $50.00 to $48.00 and set an “overweight” rating on the stock in a research note on Friday, January 24th. Truist Financial cut UDR from a “buy” rating to a “hold” rating and increased their price target for the company from $45.00 to $46.00 in a research note on Monday, March 10th. Finally, Evercore ISI boosted their price target on UDR from $43.00 to $45.00 and gave the stock an “in-line” rating in a research note on Monday, February 10th. One equities research analyst has rated the stock with a sell rating, eleven have given a hold rating and seven have given a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $46.12.

UDR Trading Down 7.4 %

Shares of NYSE:UDR opened at $40.46 on Monday. The company has a current ratio of 5.61, a quick ratio of 5.91 and a debt-to-equity ratio of 1.71. UDR, Inc. has a 12-month low of $35.14 and a 12-month high of $47.55. The business has a 50 day moving average of $43.38 and a two-hundred day moving average of $43.65. The company has a market capitalization of $13.40 billion, a PE ratio of 161.84, a PEG ratio of 8.67 and a beta of 0.78.

UDR (NYSE:UDR) last posted its earnings results on Wednesday, February 5th. The real estate investment trust reported $0.63 earnings per share (EPS) 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%. As a group, analysts forecast that UDR, Inc. will post 2.51 EPS for the current year.

UDR Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 30th. Investors of record on Thursday, April 10th will be paid a $0.43 dividend. This represents a $1.72 annualized dividend and a dividend yield of 4.25%. The ex-dividend date of this dividend is Thursday, April 10th. This is a positive change from UDR’s previous quarterly dividend of $0.43. UDR’s payout ratio is currently 688.00%.

Insider Buying and Selling

In other news, CEO Thomas W. Toomey sold 25,000 shares of the business’s stock in a transaction that occurred on 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 completion of 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 ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 3.73% of the stock is currently owned by insiders.

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.