Vinva Investment Management Ltd Has $355,000 Stock Holdings in UDR, Inc. (NYSE:UDR)

Vinva Investment Management Ltd cut its stake in UDR, Inc. (NYSE:UDR) by 53.3% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 8,245 shares of the real estate investment trust’s stock after selling 9,412 shares during the quarter. Vinva Investment Management Ltd’s holdings in UDR were worth $355,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also modified their holdings of UDR. Activest Wealth Management acquired a new position in UDR during the third quarter worth $27,000. Brooklyn Investment Group acquired a new position in UDR during the third quarter worth $33,000. Continuum Advisory LLC increased its position in UDR by 5,335.3% during the third quarter. Continuum Advisory LLC now owns 924 shares of the real estate investment trust’s stock worth $41,000 after buying an additional 907 shares during the last quarter. Smartleaf Asset Management LLC increased its position in UDR by 68.7% during the fourth quarter. Smartleaf Asset Management LLC now owns 1,206 shares of the real estate investment trust’s stock worth $52,000 after buying an additional 491 shares during the last quarter. Finally, Salem Investment Counselors Inc. increased its position in UDR by 62.7% during the fourth quarter. Salem Investment Counselors Inc. now owns 1,349 shares of the real estate investment trust’s stock worth $59,000 after buying an additional 520 shares during the last quarter. 97.84% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities analysts have commented on the stock. StockNews.com raised shares of UDR from a “sell” rating to a “hold” rating in a research report on Thursday, February 6th. Barclays lowered their target price on shares of UDR from $50.00 to $48.00 and set an “overweight” rating on the stock in a research report on Friday, January 24th. Evercore ISI increased their target price on shares of UDR from $43.00 to $45.00 and gave the stock an “in-line” rating in a research report on Monday, February 10th. Scotiabank raised their price target on UDR from $48.00 to $49.00 and gave the company a “sector perform” rating in a research report on Friday, February 14th. Finally, Truist Financial downgraded UDR from a “buy” rating to a “hold” rating and raised their price target for the company from $45.00 to $46.00 in a research report on Monday, March 10th. 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 stock. According to data from MarketBeat.com, UDR currently has a consensus rating of “Hold” and an average price target of $46.12.

UDR Stock Down 0.6 %

NYSE UDR opened at $43.36 on Friday. The stock has a market cap of $14.36 billion, a PE ratio of 173.44, a PEG ratio of 8.67 and a beta of 0.88. 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, Inc. has a twelve month low of $35.14 and a twelve month high of $47.55. The firm has a 50-day simple moving average of $42.75 and a 200 day simple moving average of $43.78.

UDR (NYSE:UDR) last announced its quarterly earnings results on Wednesday, February 5th. The real estate investment trust reported $0.63 EPS 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%. On average, research 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. Shareholders of record on Thursday, April 10th will be paid a dividend of $0.43 per share. This is a boost 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 dividend on an annualized basis and a yield of 3.97%. UDR’s dividend payout ratio (DPR) is currently 688.00%.

Insiders Place Their Bets

In other UDR news, CEO Thomas W. Toomey sold 25,000 shares of the firm’s 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 transaction, the chief executive officer now owns 824,716 shares in the company, valued at $35,256,609. This trade represents a 2.94 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 3.73% of the company’s stock.

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.