Rockefeller Capital Management L.P. Cuts Holdings in UDR, Inc. (NYSE:UDR)

Rockefeller Capital Management L.P. lessened its position in shares of UDR, Inc. (NYSE:UDR) by 11.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 27,688 shares of the real estate investment trust’s stock after selling 3,594 shares during the period. Rockefeller Capital Management L.P.’s holdings in UDR were worth $1,201,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Smartleaf Asset Management LLC grew its holdings in shares of UDR by 68.7% during the 4th quarter. Smartleaf Asset Management LLC now owns 1,206 shares of the real estate investment trust’s stock worth $52,000 after purchasing an additional 491 shares during the period. Salem Investment Counselors Inc. lifted 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 valued at $59,000 after buying an additional 520 shares in the last quarter. Catalyst Capital Advisors LLC purchased a new stake in UDR during the fourth quarter worth approximately $63,000. Eastern Bank acquired a new stake in shares of UDR in the fourth quarter worth $68,000. Finally, Crews Bank & Trust purchased a new position in shares of UDR in the 4th quarter valued at $76,000. 97.84% of the stock is currently owned by institutional investors and hedge funds.

UDR Stock Performance

UDR stock opened at $40.78 on Tuesday. The company has a market cap of $13.51 billion, a PE ratio of 163.12, a P/E/G ratio of 8.67 and a beta of 0.78. UDR, Inc. has a 12 month low of $36.28 and a 12 month high of $47.55. The company has a fifty day moving average price of $42.89 and a two-hundred day moving average price of $43.19. 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 announced its quarterly earnings data 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%. Research analysts expect that UDR, Inc. will post 2.51 earnings per share for the current year.

UDR Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 30th. Investors of record on Thursday, April 10th will be paid a dividend of $0.43 per share. This is an increase from UDR’s previous quarterly dividend of $0.43. This represents a $1.72 dividend on an annualized basis and a yield of 4.22%. The ex-dividend date is Thursday, April 10th. UDR’s dividend payout ratio is presently 688.00%.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on UDR shares. Wells Fargo & Company lowered their price target on UDR from $48.00 to $45.00 and set an “overweight” rating for the company in a report on Friday, January 24th. StockNews.com upgraded UDR from a “sell” rating to a “hold” rating in a research note on Thursday, February 6th. Barclays reduced their price target on 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 price objective on shares of UDR from $43.00 to $45.00 and gave the company an “in-line” rating in a research report on Monday, February 10th. Finally, Truist Financial cut shares of UDR from a “buy” rating to a “hold” rating and boosted their target price for the stock from $45.00 to $46.00 in a research report on Monday, March 10th. One equities research analyst has rated the stock with a sell rating, eleven have issued a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $46.12.

Insiders Place Their Bets

In other news, CEO Thomas W. Toomey sold 25,000 shares of the business’s 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 completion of the transaction, the chief executive officer now directly owns 824,716 shares in the company, valued at approximately $35,256,609. The trade was a 2.94 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. 3.39% of the stock is owned by corporate 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.