UDR, Inc. (NYSE:UDR) Shares Sold by Principal Financial Group Inc.

Principal Financial Group Inc. decreased its position in shares of UDR, Inc. (NYSE:UDR – Get Rating) by 14.1% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 369,156 shares of the real estate investment trust’s stock after selling 60,391 shares during the quarter. Principal Financial Group Inc.’s holdings in UDR were worth $14,297,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also modified their holdings of the company. Aviva PLC boosted its position in UDR by 78.8% during the fourth quarter. Aviva PLC now owns 79,071 shares of the real estate investment trust’s stock worth $3,062,000 after purchasing an additional 34,836 shares in the last quarter. Nicola Wealth Management LTD. boosted its holdings in UDR by 27.9% in the fourth quarter. Nicola Wealth Management LTD. now owns 53,655 shares of the real estate investment trust’s stock valued at $2,074,000 after purchasing an additional 11,700 shares during the last quarter. Treasurer of the State of North Carolina boosted its holdings in UDR by 1.4% in the fourth quarter. Treasurer of the State of North Carolina now owns 145,196 shares of the real estate investment trust’s stock valued at $5,623,000 after purchasing an additional 2,010 shares during the last quarter. Royal London Asset Management Ltd. lifted its holdings in UDR by 14.5% during the 4th quarter. Royal London Asset Management Ltd. now owns 124,833 shares of the real estate investment trust’s stock worth $4,835,000 after buying an additional 15,829 shares during the last quarter. Finally, HighTower Advisors LLC lifted its holdings in UDR by 8.7% during the 4th quarter. HighTower Advisors LLC now owns 32,958 shares of the real estate investment trust’s stock worth $1,276,000 after buying an additional 2,640 shares during the last quarter. Institutional investors and hedge funds own 92.09% of the company’s stock.

UDR Stock Down 2.0 %

UDR stock opened at $39.44 on Thursday. UDR, Inc. has a twelve month low of $37.18 and a twelve month high of $50.65. The company has a quick ratio of 4.91, a current ratio of 4.91 and a debt-to-equity ratio of 1.44. The stock’s 50 day moving average is $40.39 and its 200-day moving average is $40.69. The firm has a market capitalization of $12.98 billion, a PE ratio of 131.47, a P/E/G ratio of 2.08 and a beta of 0.76.

UDR Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, May 1st. Investors of record on Monday, April 10th were given a dividend of $0.42 per share. This represents a $1.68 dividend on an annualized basis and a dividend yield of 4.26%. This is an increase from UDR’s previous quarterly dividend of $0.38. The ex-dividend date was Thursday, April 6th. UDR’s dividend payout ratio (DPR) is presently 560.02%.

Analyst Upgrades and Downgrades

Several analysts recently commented on the company. Robert W. Baird raised their target price on UDR from $47.00 to $49.00 and gave the company an “outperform” rating in a research report on Thursday, February 9th. Truist Financial lifted their target price on UDR from $43.00 to $46.00 in a report on Monday, May 15th. Mizuho lowered their price target on UDR from $50.00 to $44.00 in a report on Friday, May 19th. Wolfe Research downgraded UDR from an “outperform” rating to a “peer perform” rating and set a $71.00 target price on the stock. in a research note on Monday, May 15th. Finally, StockNews.com started coverage on UDR in a research note on Thursday, May 18th. They issued a “hold” rating on the stock. Nine investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. According to data from MarketBeat, UDR presently has a consensus rating of “Moderate Buy” and an average price target of $48.16.

About UDR

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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.