Commonwealth Equity Services LLC Acquires 2,280 Shares of UDR, Inc. (NYSE:UDR)

Commonwealth Equity Services LLC grew its stake in shares of UDR, Inc. (NYSE:UDR – Get Rating) by 8.1% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 30,370 shares of the real estate investment trust’s stock after acquiring an additional 2,280 shares during the period. Commonwealth Equity Services LLC’s holdings in UDR were worth $1,176,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of UDR. Private Advisor Group LLC raised its position in shares of UDR by 4.8% in the first quarter. Private Advisor Group LLC now owns 10,150 shares of the real estate investment trust’s stock valued at $582,000 after buying an additional 461 shares in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its position in UDR by 9.7% during the first quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 40,015 shares of the real estate investment trust’s stock valued at $2,296,000 after purchasing an additional 3,535 shares in the last quarter. Aviva PLC raised its position in UDR by 68.5% during the first quarter. Aviva PLC now owns 72,356 shares of the real estate investment trust’s stock valued at $4,151,000 after purchasing an additional 29,403 shares in the last quarter. Allianz Asset Management GmbH raised its position in UDR by 0.6% during the first quarter. Allianz Asset Management GmbH now owns 465,509 shares of the real estate investment trust’s stock valued at $26,706,000 after purchasing an additional 2,630 shares in the last quarter. Finally, Prudential PLC acquired a new position in UDR during the first quarter valued at approximately $369,000. 92.09% of the stock is currently owned by institutional investors and hedge funds.

UDR Stock Up 0.3 %

UDR opened at $40.34 on Friday. The company has a 50 day moving average of $40.42 and a 200 day moving average of $40.66. The company has a market cap of $13.28 billion, a PE ratio of 134.47, a price-to-earnings-growth ratio of 2.08 and a beta of 0.76. UDR, Inc. has a 12 month low of $37.18 and a 12 month high of $50.65. The company has a current ratio of 4.91, a quick ratio of 4.91 and a debt-to-equity ratio of 1.44.

UDR Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, May 1st. Investors of record on Monday, April 10th were issued a $0.42 dividend. The ex-dividend date of this dividend was Thursday, April 6th. This is an increase from UDR’s previous quarterly dividend of $0.38. This represents a $1.68 annualized dividend and a yield of 4.16%. UDR’s dividend payout ratio (DPR) is 560.02%.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on UDR. Mizuho decreased their target price on shares of UDR from $50.00 to $44.00 in a research note on Friday. Wolfe Research cut shares of UDR from an “outperform” rating to a “peer perform” rating and set a $71.00 price target on the stock. in a research report on Monday, May 15th. Robert W. Baird upped their price objective on shares of UDR from $47.00 to $49.00 and gave the company an “outperform” rating in a report on Thursday, February 9th. Barclays upped their price objective on shares of UDR from $44.00 to $50.00 and gave the company an “overweight” rating in a report on Wednesday, March 1st. Finally, Truist Financial upped their target price on shares of UDR from $43.00 to $46.00 in a report on Monday, May 15th. Nine analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $48.16.

UDR Company Profile

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UDR, Inc is a real estate investment trust, which owns, operates, acquires, renovates, develops, redevelops, disposes of, and manages multifamily apartment communities. It engages in the multi-family real estate investment trust business. The firm operates through the Same-Store Communities and Non-Mature Communities/Other segments.