Victory Capital Management Inc. Raises Stock Holdings in UDR, Inc. (NYSE:UDR)

Victory Capital Management Inc. grew its stake in UDR, Inc. (NYSE:UDR) by 3.5% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 100,584 shares of the real estate investment trust’s stock after acquiring an additional 3,394 shares during the quarter. Victory Capital Management Inc.’s holdings in UDR were worth $4,366,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Charles Schwab Investment Management Inc. lifted its position in shares of UDR by 2.2% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 4,367,054 shares of the real estate investment trust’s stock valued at $189,574,000 after acquiring an additional 95,022 shares in the last quarter. Smartleaf Asset Management LLC lifted 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 acquiring an additional 491 shares in the last quarter. Metis Global Partners LLC increased its stake in UDR by 9.5% in the fourth quarter. Metis Global Partners LLC now owns 44,595 shares of the real estate investment trust’s stock valued at $1,936,000 after purchasing an additional 3,882 shares during the last quarter. Versor Investments LP increased its stake in UDR by 265.2% in the fourth quarter. Versor Investments LP now owns 32,500 shares of the real estate investment trust’s stock valued at $1,411,000 after purchasing an additional 23,600 shares during the last quarter. Finally, Proficio Capital Partners LLC acquired a new position in UDR in the fourth quarter valued at $2,763,000. 97.84% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

UDR has been the subject of several analyst reports. Evercore ISI upped their target price on UDR from $43.00 to $45.00 and gave the company an “in-line” rating in a research note on Monday, February 10th. Wells Fargo & Company dropped their target price on UDR from $48.00 to $45.00 and set an “overweight” rating for the company in a research note on Friday, January 24th. Mizuho dropped their target price on UDR from $47.00 to $45.00 and set a “neutral” rating for the company in a research note on Monday, January 6th. Zelman & Associates reiterated a “neutral” rating on shares of UDR in a research note on Thursday, February 13th. Finally, Royal Bank of Canada upped their target price 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 equities research analyst has rated the stock with a sell rating, eleven have assigned a hold rating and seven have issued a buy rating to the company’s stock. According to MarketBeat, UDR presently has a consensus rating of “Hold” and an average price target of $46.12.

Insider Activity at UDR

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

UDR Price Performance

UDR stock opened at $43.27 on Friday. The company has a debt-to-equity ratio of 1.71, a quick ratio of 5.91 and a current ratio of 5.61. UDR, Inc. has a 1 year low of $35.14 and a 1 year high of $47.55. The firm has a market cap of $14.33 billion, a P/E ratio of 173.10, a price-to-earnings-growth ratio of 8.67 and a beta of 0.88. The stock has a 50-day simple moving average of $42.49 and a 200-day simple moving average of $43.80.

UDR (NYSE:UDR) last posted its 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%. On average, equities analysts predict that UDR, Inc. will post 2.51 earnings per share for the current fiscal year.

UDR Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 30th. Investors of record on Thursday, April 10th will be issued a $0.43 dividend. The ex-dividend date is Thursday, April 10th. This represents a $1.72 dividend on an annualized basis and a yield of 3.97%. This is an increase from UDR’s previous quarterly dividend of $0.43. UDR’s dividend payout ratio is currently 680.00%.

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.