UDR, Inc. (NYSE:UDR) Shares Sold by National Bank of Canada FI

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

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in UDR. Continuum Advisory LLC boosted its holdings in shares of UDR by 5,335.3% during the 3rd quarter. Continuum Advisory LLC now owns 924 shares of the real estate investment trust’s stock worth $41,000 after purchasing an additional 907 shares during the last quarter. Smartleaf Asset Management LLC boosted its stake 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. Salem Investment Counselors Inc. grew its holdings in UDR by 62.7% in the 4th quarter. Salem Investment Counselors Inc. now owns 1,349 shares of the real estate investment trust’s stock valued at $59,000 after buying an additional 520 shares in the last quarter. Catalyst Capital Advisors LLC acquired a new stake in shares of UDR in the 4th quarter worth $63,000. Finally, Eastern Bank purchased a new position in shares of UDR during the 4th quarter worth $68,000. Hedge funds and other institutional investors own 97.84% of the company’s stock.

UDR Stock Down 7.4 %

UDR stock opened at $40.46 on Monday. UDR, Inc. has a twelve month low of $35.14 and a twelve month high of $47.55. The firm has a market capitalization of $13.40 billion, a P/E ratio of 161.84, a P/E/G ratio of 8.67 and a beta of 0.78. The company has a current ratio of 5.61, a quick ratio of 5.91 and a debt-to-equity ratio of 1.71. The stock’s fifty day simple moving average is $43.38 and its 200-day simple moving average is $43.65.

UDR (NYSE:UDR) last posted its quarterly earnings results on Wednesday, February 5th. The real estate investment trust reported $0.63 EPS 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%. As a group, equities analysts expect that UDR, Inc. will post 2.51 earnings per share for the current fiscal 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 issued a $0.43 dividend. This represents a $1.72 dividend on an annualized basis and a yield of 4.25%. This is an increase from UDR’s previous quarterly dividend of $0.43. The ex-dividend date of this dividend is Thursday, April 10th. UDR’s dividend payout ratio is 688.00%.

Wall Street Analysts Forecast Growth

UDR has been the subject of several recent analyst reports. Mizuho cut their price objective on shares of UDR from $47.00 to $45.00 and set a “neutral” rating for the company in a research report on Monday, January 6th. Truist Financial downgraded shares of UDR from a “buy” rating to a “hold” rating and raised their price target for the stock from $45.00 to $46.00 in a report on Monday, March 10th. StockNews.com upgraded UDR from a “sell” rating to a “hold” rating in a report on Thursday, February 6th. Zelman & Associates reissued a “neutral” rating on shares of UDR in a research note on Thursday, February 13th. Finally, Jefferies Financial Group lowered UDR from a “buy” rating to a “hold” rating and decreased their price target for the company from $50.00 to $45.00 in a research note on Thursday, January 2nd. One investment 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. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $46.12.

Insider Activity at UDR

In other UDR news, CEO Thomas W. Toomey sold 25,000 shares of UDR stock in a transaction that occurred on Thursday, February 20th. The stock was sold at an average price of $42.75, for a total transaction of $1,068,750.00. Following the transaction, the chief executive officer now owns 824,716 shares of the company’s stock, 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 SEC, which is available at this hyperlink. 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.