Mitsubishi UFJ Trust & Banking Corp Sells 257 Shares of UDR, Inc. (NYSE:UDR)

Mitsubishi UFJ Trust & Banking Corp trimmed its position in shares of UDR, Inc. (NYSE:UDR) by 0.2% in the 4th quarter, Holdings Channel reports. The institutional investor owned 142,888 shares of the real estate investment trust’s stock after selling 257 shares during the quarter. Mitsubishi UFJ Trust & Banking Corp’s holdings in UDR were worth $6,203,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in UDR. Algert Global LLC bought a new position in shares of UDR in the third quarter worth about $442,000. Brooklyn Investment Group purchased a new stake in UDR in the 3rd quarter valued at about $33,000. BNP Paribas Financial Markets boosted its position in UDR by 52.7% in the 3rd quarter. BNP Paribas Financial Markets now owns 412,282 shares of the real estate investment trust’s stock valued at $18,693,000 after buying an additional 142,329 shares during the period. Townsquare Capital LLC bought a new position in UDR in the 3rd quarter worth about $224,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank raised its stake in shares of UDR by 1.8% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 239,626 shares of the real estate investment trust’s stock valued at $10,865,000 after acquiring an additional 4,282 shares in the last quarter. 97.84% of the stock is currently owned by institutional investors.

UDR Stock Up 0.8 %

Shares of UDR stock opened at $44.56 on Monday. The stock’s fifty day moving average price is $43.06 and its 200 day moving average price is $43.75. UDR, Inc. has a 1-year low of $35.14 and a 1-year high of $47.55. The company has a market cap of $14.75 billion, a price-to-earnings ratio of 178.22, a price-to-earnings-growth ratio of 8.67 and a beta of 0.88. The company has a debt-to-equity ratio of 1.71, a current ratio of 5.61 and a quick ratio of 5.91.

UDR (NYSE:UDR) last issued its quarterly earnings results on Wednesday, February 5th. The real estate investment trust reported $0.63 earnings per share for the quarter, topping analysts’ consensus estimates of $0.10 by $0.53. UDR had a return on equity of 2.65% and a net margin of 5.36%. On average, research analysts expect that UDR, Inc. will post 2.51 earnings per share for the current fiscal 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. The ex-dividend date of this dividend is Thursday, April 10th. This represents a $1.72 dividend on an annualized basis and a dividend yield of 3.86%. This is a boost from UDR’s previous quarterly dividend of $0.43. UDR’s dividend payout ratio (DPR) is currently 688.00%.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on UDR. Wells Fargo & Company dropped their price objective on UDR from $48.00 to $45.00 and set an “overweight” rating on the stock in a research note on Friday, January 24th. Barclays cut their price target on UDR from $50.00 to $48.00 and set an “overweight” rating on the stock in a research note on Friday, January 24th. Evercore ISI upped 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. Zelman & Associates reissued a “neutral” rating on shares of UDR in a research report on Thursday, February 13th. Finally, Truist Financial cut shares of UDR from a “buy” rating to a “hold” rating and upped their price target for the stock from $45.00 to $46.00 in a research report on Monday, March 10th. One analyst has rated the stock with a sell rating, eleven have given a hold rating and seven have issued a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $46.12.

Insider Transactions at UDR

In related news, CEO Thomas W. Toomey sold 25,000 shares of the firm’s stock in a transaction on Thursday, February 20th. The stock was sold at an average price of $42.75, for a total value 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 position. The sale was disclosed in a legal filing with the SEC, which is available at this link. 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.