American Century Companies Inc. decreased its stake in UDR, Inc. (NYSE:UDR) by 14.8% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,331,831 shares of the real estate investment trust’s stock after selling 231,612 shares during the period. American Century Companies Inc. owned approximately 0.48% of UDR worth $52,767,000 at the end of the most recent reporting period.
Several other institutional investors also recently made changes to their positions in UDR. Cohen & Steers Inc. boosted its stake in UDR by 3.8% during the fourth quarter. Cohen & Steers Inc. now owns 44,224,930 shares of the real estate investment trust’s stock worth $1,752,192,000 after buying an additional 1,619,197 shares in the last quarter. Vanguard Group Inc. boosted its stake in UDR by 0.3% during the third quarter. Vanguard Group Inc. now owns 43,516,477 shares of the real estate investment trust’s stock worth $1,759,370,000 after buying an additional 135,997 shares in the last quarter. Vanguard Group Inc boosted its stake in UDR by 0.3% during the third quarter. Vanguard Group Inc now owns 43,516,477 shares of the real estate investment trust’s stock worth $1,759,370,000 after buying an additional 135,997 shares in the last quarter. BlackRock Inc. boosted its stake in UDR by 1.1% during the fourth quarter. BlackRock Inc. now owns 30,737,677 shares of the real estate investment trust’s stock worth $1,217,828,000 after buying an additional 326,833 shares in the last quarter. Finally, FMR LLC lifted its holdings in shares of UDR by 6.5% during the fourth quarter. FMR LLC now owns 15,696,931 shares of the real estate investment trust’s stock valued at $621,912,000 after acquiring an additional 958,499 shares during the period. Institutional investors and hedge funds own 97.38% of the company’s stock.
Shares of UDR stock traded up $0.34 during trading on Friday, reaching $45.03. The company’s stock had a trading volume of 744,700 shares, compared to its average volume of 1,442,699. The company has a quick ratio of 7.61, a current ratio of 7.61 and a debt-to-equity ratio of 1.23. UDR, Inc. has a one year low of $34.48 and a one year high of $45.92. The stock has a market capitalization of $12.40 billion, a price-to-earnings ratio of 22.97, a P/E/G ratio of 3.78 and a beta of 0.55.
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 30th. Investors of record on Tuesday, April 9th will be issued a $0.3425 dividend. This represents a $1.37 dividend on an annualized basis and a dividend yield of 3.04%. This is a boost from UDR’s previous quarterly dividend of $0.32. The ex-dividend date is Monday, April 8th. UDR’s payout ratio is currently 69.90%.
A number of research analysts have issued reports on the company. BMO Capital Markets reissued a “hold” rating and set a $49.00 price objective on shares of UDR in a report on Monday, March 25th. Goldman Sachs Group cut UDR from a “neutral” rating to a “sell” rating and cut their price objective for the company from $43.00 to $39.00 in a report on Monday, March 11th. Zacks Investment Research cut UDR from a “hold” rating to a “sell” rating in a report on Thursday, February 21st. Finally, Barclays reissued a “hold” rating and set a $46.00 price objective on shares of UDR in a report on Tuesday, April 16th. Three research analysts have rated the stock with a sell rating, six have issued a hold rating and six have assigned a buy rating to the stock. UDR presently has an average rating of “Hold” and an average target price of $44.00.
In related news, VP Warren L. Troupe sold 50,000 shares of UDR stock in a transaction dated Friday, February 15th. The stock was sold at an average price of $44.66, for a total value of $2,233,000.00. Following the completion of the sale, the vice president now directly owns 495,761 shares in the company, valued at $22,140,686.26. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, SVP Harry G. Alcock sold 10,000 shares of UDR stock in a transaction dated Thursday, April 4th. The stock was sold at an average price of $45.37, for a total value of $453,700.00. Following the completion of the sale, the senior vice president now owns 117,284 shares of the company’s stock, valued at $5,321,175.08. The disclosure for this sale can be found here. Insiders sold 124,289 shares of company stock valued at $5,586,476 over the last ninety days. 2.85% of the stock is currently owned by company insiders.
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 properties in targeted U.S.
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