Allspring Global Investments Holdings LLC Sells 357 Shares of UDR, Inc. (NYSE:UDR)

Allspring Global Investments Holdings LLC decreased its position in UDR, Inc. (NYSE:UDR) by 2.6% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 13,264 shares of the real estate investment trust’s stock after selling 357 shares during the period. Allspring Global Investments Holdings LLC’s holdings in UDR were worth $564,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Exchange Traded Concepts LLC boosted its holdings in UDR by 8.8% during the fourth quarter. Exchange Traded Concepts LLC now owns 3,330 shares of the real estate investment trust’s stock worth $145,000 after buying an additional 269 shares during the last quarter. Empowered Funds LLC boosted its holdings in UDR by 7.1% during the third quarter. Empowered Funds LLC now owns 5,246 shares of the real estate investment trust’s stock worth $238,000 after buying an additional 350 shares during the last quarter. TCV Trust & Wealth Management Inc. boosted its holdings in UDR by 8.2% during the third quarter. TCV Trust & Wealth Management Inc. now owns 5,589 shares of the real estate investment trust’s stock worth $253,000 after buying an additional 424 shares during the last quarter. IRON Financial LLC boosted its holdings in UDR by 3.0% during the fourth quarter. IRON Financial LLC now owns 17,674 shares of the real estate investment trust’s stock worth $767,000 after buying an additional 511 shares during the last quarter. Finally, Salem Investment Counselors Inc. boosted its holdings 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 worth $59,000 after buying an additional 520 shares during the last quarter. Institutional investors own 97.84% of the company’s stock.

Insider Transactions at UDR

In related news, CEO Thomas W. Toomey sold 25,000 shares of the firm’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 sale, the chief executive officer now owns 824,716 shares of the company’s stock, valued at $35,256,609. This trade represents a 2.94 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 3.73% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of equities analysts have issued reports on UDR shares. Scotiabank raised their target price on UDR from $48.00 to $49.00 and gave the stock a “sector perform” rating in a report on Friday, February 14th. Jefferies Financial Group lowered UDR from a “buy” rating to a “hold” rating and lowered their price target for the stock from $50.00 to $45.00 in a research report on Thursday, January 2nd. Mizuho lowered their price target on UDR from $47.00 to $45.00 and set a “neutral” rating on the stock in a research report on Monday, January 6th. Evercore ISI boosted their target price on UDR from $43.00 to $45.00 and gave the stock an “in-line” rating in a report on Monday, February 10th. Finally, StockNews.com raised UDR from a “sell” rating to a “hold” rating in a report on Thursday, February 6th. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat.com, UDR presently has a consensus rating of “Hold” and an average target price of $46.18.

UDR Stock Performance

NYSE:UDR opened at $43.21 on Tuesday. The stock’s 50-day simple moving average is $42.27 and its 200 day simple moving average is $43.61. The firm has a market capitalization of $14.31 billion, a PE ratio of 172.82, a price-to-earnings-growth ratio of 8.67 and a beta of 0.88. 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, Inc. has a twelve month low of $34.76 and a twelve month high of $47.55.

UDR (NYSE:UDR) last posted its earnings results on Wednesday, February 5th. The real estate investment trust reported $0.63 EPS for the quarter, beating the consensus estimate of $0.10 by $0.53. UDR had a return on equity of 2.65% and a net margin of 5.36%. On average, analysts anticipate that UDR, Inc. will post 2.51 EPS for the current fiscal year.

UDR Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, January 31st. Stockholders of record on Thursday, January 9th were given a dividend of $0.425 per share. The ex-dividend date of this dividend was Friday, January 10th. This represents a $1.70 dividend on an annualized basis and a dividend yield of 3.93%. UDR’s dividend payout ratio (DPR) is 680.00%.

About UDR

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.