
Franklin Resources Inc. Sells 43,155 Shares of UDR, Inc. (NYSE:UDR)

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Franklin Resources Inc. has reduced its stake in UDR, Inc. by 18.2%, selling 43,155 shares in the fourth quarter, leaving it with 193,486 shares valued at approximately $8.4 million. Other institutional investors, including Vanguard and Norges Bank, have also adjusted their stakes. UDR's stock is currently trading at $38.03, down 2.9%, with a market cap of $12.59 billion. The company recently announced a quarterly dividend of $0.43, reflecting a yield of 4.52%. Analysts have mixed ratings on UDR, with a consensus rating of "Hold" and an average target price of $46.12.
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