UDR, Inc. (NYSE:UDR) Shares Sold by Envestnet Asset Management Inc.

Envestnet Asset Management Inc. decreased its position in shares of UDR, Inc. (NYSE:UDR) by 20.8% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 141,723 shares of the real estate investment trust’s stock after selling 37,263 shares during the quarter. Envestnet Asset Management Inc.’s holdings in UDR were worth $6,152,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of the company. Exchange Traded Concepts LLC increased its stake in shares of UDR by 8.8% in the fourth quarter. Exchange Traded Concepts LLC now owns 3,330 shares of the real estate investment trust’s stock worth $145,000 after acquiring an additional 269 shares during the period. Smartleaf Asset Management LLC raised its stake 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 valued at $52,000 after buying an additional 491 shares during the last quarter. IRON Financial LLC lifted its holdings in shares of UDR by 3.0% in the 4th quarter. IRON Financial LLC now owns 17,674 shares of the real estate investment trust’s stock valued at $767,000 after buying an additional 511 shares during the period. Salem Investment Counselors Inc. boosted its stake in shares of UDR by 62.7% in 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. Finally, Empowered Funds LLC grew its holdings in UDR by 10.4% during the fourth quarter. Empowered Funds LLC now owns 5,792 shares of the real estate investment trust’s stock worth $251,000 after acquiring an additional 546 shares during the period. Hedge funds and other institutional investors own 97.84% of the company’s stock.

UDR Stock Performance

UDR stock opened at $40.78 on Tuesday. The stock has a market cap of $13.51 billion, a price-to-earnings ratio of 163.12, a price-to-earnings-growth ratio of 8.67 and a beta of 0.78. The company has a debt-to-equity ratio of 1.71, a current ratio of 5.61 and a quick ratio of 5.91. The firm has a 50 day simple moving average of $42.89 and a 200-day simple moving average of $43.19. UDR, Inc. has a 1-year low of $36.28 and a 1-year 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 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, analysts expect that UDR, Inc. will post 2.51 EPS for the current year.

UDR Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Thursday, April 10th will be issued a $0.43 dividend. This is a positive change from UDR’s previous quarterly dividend of $0.43. This represents a $1.72 annualized dividend and a dividend yield of 4.22%. The ex-dividend date of this dividend is Thursday, April 10th. UDR’s dividend payout ratio is currently 688.00%.

Wall Street Analyst Weigh In

Several research firms have commented on UDR. Wells Fargo & Company lowered their price objective on UDR from $48.00 to $45.00 and set an “overweight” rating on the stock in a research report on Friday, January 24th. Barclays decreased their price objective on shares of UDR from $50.00 to $48.00 and set an “overweight” rating for the company in a research report on Friday, January 24th. Zelman & Associates restated a “neutral” rating on shares of UDR in a research report on Thursday, February 13th. Royal Bank of Canada increased their price target on UDR from $43.00 to $44.00 and gave the stock a “sector perform” rating in a research report on Friday, February 7th. Finally, StockNews.com upgraded UDR from a “sell” rating to a “hold” rating in a research report on Thursday, February 6th. One research analyst has rated the stock with a sell rating, eleven have issued a hold rating and seven have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $46.12.

Insider Buying and Selling

In related news, CEO Thomas W. Toomey sold 25,000 shares of the firm’s stock in a transaction dated 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 $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 through this link. 3.39% of the stock is currently owned by corporate insiders.

UDR Company 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.