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

OVERSEA CHINESE BANKING Corp Ltd boosted its position in UDR, Inc. (NYSE:UDR) by 23.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm 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’s holdings in UDR were worth $7,688,000 as of its most recent filing with the Securities & Exchange Commission.

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

UDR Stock Down 1.1 %

Shares of UDR opened at $43.41 on Wednesday. The firm has a market cap of $14.37 billion, a PE ratio of 173.62, a price-to-earnings-growth ratio of 8.67 and a beta of 0.88. The company’s fifty day moving average is $42.59 and its two-hundred day moving average is $43.79. UDR, Inc. has a fifty-two week low of $35.14 and a fifty-two week high of $47.55. The company has a quick ratio of 5.91, a current ratio of 5.61 and a debt-to-equity ratio of 1.71.

UDR (NYSE:UDR) last announced its quarterly earnings results on Wednesday, February 5th. The real estate investment trust reported $0.63 earnings per share for the quarter, beating 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%. Analysts forecast that UDR, Inc. will post 2.51 earnings per share for the current year.

UDR Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 30th. Shareholders 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 dividend yield of 3.96%. The ex-dividend date is Thursday, April 10th. This is a positive change from UDR’s previous quarterly dividend of $0.43. UDR’s dividend payout ratio (DPR) is 688.00%.

Analysts Set New Price Targets

A number of research analysts have issued reports on UDR shares. Royal Bank of Canada increased their target price on shares of UDR from $43.00 to $44.00 and gave the company a “sector perform” rating in a report on Friday, February 7th. StockNews.com raised shares of UDR from a “sell” rating to a “hold” rating in a report on Thursday, February 6th. Scotiabank increased their target price on shares of UDR from $48.00 to $49.00 and gave the company a “sector perform” rating in a report on Friday, February 14th. Evercore ISI raised their price objective on shares of UDR from $43.00 to $45.00 and gave the stock an “in-line” rating in a research note on Monday, February 10th. Finally, Truist Financial cut shares of UDR from a “buy” rating to a “hold” rating and raised their price objective for the stock from $45.00 to $46.00 in a research note on Monday, March 10th. One analyst has rated the stock with a sell rating, eleven have given a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $46.12.

Insider Buying and Selling at UDR

In other UDR news, CEO Thomas W. Toomey sold 25,000 shares of UDR stock in a transaction on Thursday, February 20th. The shares were sold at an average price of $42.75, for a total value of $1,068,750.00. Following 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 position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 3.73% of the stock is owned by company insiders.

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.