Wells Fargo & Company MN Grows Position in UDR, Inc. (NYSE:UDR)

Wells Fargo & Company MN lifted its holdings in UDR, Inc. (NYSE:UDR) by 3.5% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 81,458 shares of the real estate investment trust’s stock after buying an additional 2,737 shares during the period. Wells Fargo & Company MN’s holdings in UDR were worth $3,536,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also recently bought and sold shares of UDR. Norges Bank purchased a new position in UDR in the 4th quarter worth approximately $1,273,442,000. Prudential Financial Inc. lifted its position in UDR by 24.2% during the fourth quarter. Prudential Financial Inc. now owns 2,989,563 shares of the real estate investment trust’s stock worth $129,777,000 after buying an additional 583,126 shares in the last quarter. Raymond James Financial Inc. acquired a new position in UDR during the fourth quarter worth $22,662,000. JPMorgan Chase & Co. grew its holdings in UDR by 5.0% in the 3rd quarter. JPMorgan Chase & Co. now owns 7,774,541 shares of the real estate investment trust’s stock valued at $352,498,000 after buying an additional 368,087 shares in the last quarter. Finally, Amundi increased its stake in shares of UDR by 22.8% in the 4th quarter. Amundi now owns 1,655,179 shares of the real estate investment trust’s stock worth $68,226,000 after acquiring an additional 307,823 shares during the last quarter. 97.84% of the stock is currently owned by institutional investors and hedge funds.

UDR Stock Up 2.0 %

Shares of NYSE UDR opened at $41.56 on Wednesday. UDR, Inc. has a 12-month low of $36.61 and a 12-month high of $47.55. The stock has a market cap of $13.76 billion, a P/E ratio of 166.24, a PEG ratio of 8.67 and a beta of 0.78. The company has a current ratio of 5.61, a quick ratio of 5.91 and a debt-to-equity ratio of 1.71. The business’s fifty day simple moving average is $42.86 and its 200-day simple moving average is $43.18.

UDR (NYSE:UDR) last posted its quarterly earnings results on Wednesday, February 5th. The real estate investment trust reported $0.63 earnings per share (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%. As a group, equities analysts predict that UDR, Inc. will post 2.51 EPS for the current fiscal year.

UDR Increases Dividend

The company 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 represents a $1.72 dividend on an annualized basis and a dividend yield of 4.14%. This is a positive change from UDR’s previous quarterly dividend of $0.43. The ex-dividend date of this dividend is Thursday, April 10th. UDR’s dividend payout ratio (DPR) is presently 688.00%.

Insider Transactions at UDR

In other 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 sale, the chief executive officer now owns 824,716 shares of the company’s stock, valued at approximately $35,256,609. This trade represents a 2.94 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 3.39% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on the stock. Scotiabank upped their price objective on shares of UDR from $48.00 to $49.00 and gave the company a “sector perform” rating in a report on Friday, February 14th. Jefferies Financial Group downgraded shares of UDR from a “buy” rating to a “hold” rating and cut their price target for the stock from $50.00 to $45.00 in a report on Thursday, January 2nd. Evercore ISI upped their price objective on UDR from $43.00 to $45.00 and gave the company an “in-line” rating in a report on Monday, February 10th. Zelman & Associates reissued a “neutral” rating on shares of UDR in a research note on Thursday, February 13th. Finally, Royal Bank of Canada upped their price target on UDR from $43.00 to $44.00 and gave the company a “sector perform” rating in a research note on Friday, February 7th. One 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. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $46.12.

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.