Mufg Securities Americas Inc. Buys Shares of 4,433 UDR, Inc. (NYSE:UDR)

Mufg Securities Americas Inc. bought a new stake in UDR, Inc. (NYSE:UDR) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 4,433 shares of the real estate investment trust’s stock, valued at approximately $192,000.

A number of other hedge funds and other institutional investors also recently bought and sold shares of UDR. Townsquare Capital LLC increased its position in shares of UDR by 4.8% in the fourth quarter. Townsquare Capital LLC now owns 5,173 shares of the real estate investment trust’s stock valued at $225,000 after buying an additional 237 shares in the last quarter. Exchange Traded Concepts LLC increased its position 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 valued at $145,000 after buying an additional 269 shares in the last quarter. Smartleaf Asset Management LLC increased its position in shares of UDR by 68.7% in the fourth 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 in the last quarter. IRON Financial LLC increased its position in shares of UDR by 3.0% in the fourth 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 in the last quarter. Finally, Empowered Funds LLC increased its position in shares of UDR by 10.4% in the fourth quarter. Empowered Funds LLC now owns 5,792 shares of the real estate investment trust’s stock valued at $251,000 after buying an additional 546 shares in the last quarter. Institutional investors and hedge funds own 97.84% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on UDR shares. Truist Financial cut UDR from a “buy” rating to a “hold” rating and raised their price target for the company from $45.00 to $46.00 in a research report on Monday, March 10th. Royal Bank of Canada raised their price target on UDR from $43.00 to $44.00 and gave the company a “sector perform” rating in a research report on Thursday, May 8th. Scotiabank lifted their price objective on UDR from $48.00 to $49.00 and gave the stock a “sector perform” rating in a research report on Friday, February 14th. Evercore ISI lifted their price objective on UDR from $43.00 to $45.00 and gave the stock an “in-line” rating in a research report on Monday, February 10th. Finally, Wells Fargo & Company dropped their price objective on UDR from $48.00 to $45.00 and set an “overweight” rating for the company in a research report on Friday, January 24th. One analyst has rated the stock with a sell rating, ten have assigned a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat, UDR currently has a consensus rating of “Hold” and an average target price of $46.69.

Insider Activity

In other news, CEO Thomas W. Toomey sold 25,000 shares of UDR stock in a transaction dated Thursday, February 20th. The stock was sold at an average price of $42.75, for a total value of $1,068,750.00. Following the transaction, the chief executive officer now directly owns 824,716 shares of the company’s stock, valued at $35,256,609. The trade was a 2.94% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link. Corporate insiders own 3.39% of the company’s stock.

UDR Stock Up 1.3%

UDR opened at $42.43 on Friday. 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 stock has a market capitalization of $14.06 billion, a price-to-earnings ratio of 169.72, a price-to-earnings-growth ratio of 8.67 and a beta of 0.84. The business has a 50-day moving average of $42.21 and a two-hundred day moving average of $42.93. UDR, Inc. has a 12 month low of $36.61 and a 12 month high of $47.55.

UDR (NYSE:UDR) last posted its quarterly earnings results on Wednesday, April 30th. The real estate investment trust reported $0.61 EPS for the quarter, meeting the consensus estimate of $0.61. The company 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 firm’s revenue was up 2.0% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.61 EPS. On average, research analysts expect that UDR, Inc. will post 2.51 earnings per share for the current year.

UDR Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, April 30th. Stockholders of record on Thursday, April 10th were paid 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 4.05%. The ex-dividend date of this dividend was Thursday, April 10th. UDR’s payout ratio is currently 491.43%.

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.