Centiva Capital LP Sells 620 Shares of UDR, Inc. (NYSE:UDR)

Centiva Capital LP lowered its stake in shares of UDR, Inc. (NYSE:UDR) by 9.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,230 shares of the real estate investment trust’s stock after selling 620 shares during the quarter. Centiva Capital LP’s holdings in UDR were worth $270,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently added to or reduced their stakes in the stock. Vanguard Group Inc. boosted its position in UDR by 0.4% during the fourth quarter. Vanguard Group Inc. now owns 50,809,731 shares of the real estate investment trust’s stock valued at $2,205,650,000 after purchasing an additional 180,551 shares in the last quarter. Norges Bank bought a new stake in UDR during the fourth quarter valued at about $1,273,442,000. Capital Research Global Investors boosted its position in UDR by 64.1% during the fourth quarter. Capital Research Global Investors now owns 13,060,120 shares of the real estate investment trust’s stock valued at $566,940,000 after purchasing an additional 5,101,668 shares in the last quarter. FMR LLC boosted its holdings in UDR by 10.5% in the fourth quarter. FMR LLC now owns 12,592,458 shares of the real estate investment trust’s stock worth $546,639,000 after acquiring an additional 1,191,432 shares in the last quarter. Finally, Geode Capital Management LLC boosted its holdings in UDR by 2.9% in the fourth quarter. Geode Capital Management LLC now owns 7,924,151 shares of the real estate investment trust’s stock worth $343,129,000 after acquiring an additional 220,293 shares in the last quarter. Institutional investors own 97.84% of the company’s stock.

Analyst Ratings Changes

UDR has been the subject of several recent analyst reports. StockNews.com raised UDR from a “sell” rating to a “hold” rating in a report on Thursday, February 6th. Zelman & Associates reissued a “neutral” rating on shares of UDR in a report on Thursday, February 13th. Scotiabank raised their price target on UDR from $48.00 to $49.00 and gave the stock a “sector perform” rating in a report on Friday, February 14th. Barclays raised their price target on UDR from $48.00 to $51.00 and gave the stock an “overweight” rating in a report on Friday. Finally, Truist Financial downgraded UDR from a “buy” rating to a “hold” rating and lifted their target price for the stock from $45.00 to $46.00 in a report on Monday, March 10th. One research analyst has rated the stock with a sell rating, eleven have given a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Hold” and an average price target of $46.29.

UDR Stock Up 0.7%

UDR stock opened at $42.58 on Tuesday. The stock has a market capitalization of $14.10 billion, a PE ratio of 170.30, a price-to-earnings-growth ratio of 8.67 and a beta of 0.84. UDR, Inc. has a 12 month low of $36.61 and a 12 month high of $47.55. The business has a 50 day simple moving average of $42.40 and a 200-day simple moving average of $42.98. 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 posted its quarterly earnings data on Wednesday, April 30th. The real estate investment trust reported $0.61 EPS for the quarter, meeting analysts’ consensus estimates of $0.61. The business had revenue of $419.84 million during the quarter, compared to analysts’ expectations of $421.23 million. UDR had a return on equity of 2.65% and a net margin of 5.36%. The business’s revenue was up 2.0% compared to the same quarter last year. During the same period in the previous year, the business earned $0.61 earnings per share. On average, analysts anticipate that UDR, Inc. will post 2.51 EPS for the current fiscal year.

UDR Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, April 30th. Investors of record on Thursday, April 10th were given a dividend of $0.43 per share. This represents a $1.72 annualized dividend and a dividend yield of 4.04%. This is a boost from UDR’s previous quarterly dividend of $0.43. The ex-dividend date was Thursday, April 10th. UDR’s payout ratio is presently 491.43%.

Insider Buying and Selling

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