Geode Capital Management LLC grew its position in shares of UDR, Inc. (NYSE:UDR) by 11.2% during the fourth quarter, HoldingsChannel.com reports. The firm owned 4,572,291 shares of the real estate investment trust’s stock after buying an additional 458,784 shares during the period. Geode Capital Management LLC’s holdings in UDR were worth $180,909,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of the company. Capital Investment Advisory Services LLC acquired a new stake in shares of UDR during the fourth quarter worth approximately $55,000. Pearl River Capital LLC acquired a new stake in shares of UDR during the fourth quarter worth approximately $87,000. First Quadrant L P CA acquired a new stake in shares of UDR during the fourth quarter worth approximately $91,000. Advisor Group Inc. grew its position in shares of UDR by 20.5% during the fourth quarter. Advisor Group Inc. now owns 4,099 shares of the real estate investment trust’s stock worth $162,000 after buying an additional 697 shares in the last quarter. Finally, Bailard Inc. acquired a new stake in shares of UDR during the fourth quarter worth approximately $206,000. Institutional investors own 97.46% of the company’s stock.

In other news, SVP Harry G. Alcock sold 10,000 shares of the business’s stock in a transaction on Thursday, April 4th. The shares were sold at an average price of $45.37, for a total transaction of $453,700.00. Following the completion of the transaction, the senior vice president now owns 117,284 shares of the company’s stock, valued at $5,321,175.08. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Chairman Thomas W. Toomey sold 50,000 shares of the business’s stock in a transaction on Monday, March 18th. The shares were sold at an average price of $45.06, for a total transaction of $2,253,000.00. Following the transaction, the chairman now directly owns 1,682,826 shares of the company’s stock, valued at approximately $75,828,139.56. The disclosure for this sale can be found here. In the last ninety days, insiders sold 91,500 shares of company stock valued at $4,111,735. 2.85% of the stock is currently owned by corporate insiders.

A number of analysts have recently weighed in on the stock. Barclays reissued a “hold” rating and set a $46.00 price target on shares of UDR in a research report on Tuesday, April 16th. BMO Capital Markets reissued a “hold” rating and set a $49.00 price target on shares of UDR in a research report on Monday, March 25th. Goldman Sachs Group downgraded shares of UDR from a “neutral” rating to a “sell” rating and decreased their price objective for the stock from $43.00 to $39.00 in a report on Monday, March 11th. Zacks Investment Research downgraded shares of UDR from a “buy” rating to a “hold” rating in a report on Wednesday, May 15th. Finally, TheStreet downgraded shares of UDR from a “b” rating to a “c” rating in a report on Tuesday, April 30th. Three investment analysts have rated the stock with a sell rating, seven have issued a hold rating and five have given a buy rating to the stock. UDR presently has a consensus rating of “Hold” and a consensus target price of $44.00.

UDR stock opened at $45.13 on Friday. The firm has a market capitalization of $12.57 billion, a price-to-earnings ratio of 23.03, a price-to-earnings-growth ratio of 3.84 and a beta of 0.54. The company has a debt-to-equity ratio of 1.23, a current ratio of 6.64 and a quick ratio of 6.64. UDR, Inc. has a 12 month low of $35.08 and a 12 month high of $45.92.

UDR (NYSE:UDR) last released its quarterly earnings data on Tuesday, April 30th. The real estate investment trust reported $0.08 EPS for the quarter, missing analysts’ consensus estimates of $0.50 by ($0.42). The business had revenue of $270.67 million during the quarter, compared to analyst estimates of $267.41 million. UDR had a return on equity of 5.38% and a net margin of 13.70%. The business’s revenue for the quarter was up 6.9% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.30 EPS. On average, analysts anticipate that UDR, Inc. will post 2.06 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, April 30th. Shareholders of record on Tuesday, April 9th were issued a $0.3425 dividend. This represents a $1.37 dividend on an annualized basis and a yield of 3.04%. The ex-dividend date was Monday, April 8th. This is an increase from UDR’s previous quarterly dividend of $0.32. UDR’s payout ratio is currently 69.90%.

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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 properties in targeted U.S.

Further Reading: What is a good rate of return for a mutual fund?

Want to see what other hedge funds are holding UDR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for UDR, Inc. (NYSE:UDR).

Institutional Ownership by Quarter for UDR (NYSE:UDR)

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