Xponance Inc. Lowers Position in UDR, Inc. (NYSE:UDR)

Xponance Inc. decreased its position in UDR, Inc. (NYSE:UDR) by 10.6% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 42,562 shares of the real estate investment trust’s stock after selling 5,064 shares during the period. Xponance Inc.’s holdings in UDR were worth $1,630,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in UDR. Deutsche Bank AG boosted its holdings in UDR by 35.9% during the third quarter. Deutsche Bank AG now owns 5,066,503 shares of the real estate investment trust’s stock worth $180,722,000 after buying an additional 1,339,276 shares in the last quarter. Qube Research & Technologies Ltd purchased a new stake in UDR during the third quarter worth about $45,428,000. Sumitomo Mitsui Trust Holdings Inc. boosted its holdings in UDR by 79.3% during the fourth quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 1,830,437 shares of the real estate investment trust’s stock worth $70,087,000 after buying an additional 809,273 shares in the last quarter. Adage Capital Partners GP L.L.C. boosted its holdings in UDR by 232.9% during the third quarter. Adage Capital Partners GP L.L.C. now owns 736,386 shares of the real estate investment trust’s stock worth $26,267,000 after buying an additional 515,180 shares in the last quarter. Finally, Northern Trust Corp boosted its holdings in UDR by 9.9% during the third quarter. Northern Trust Corp now owns 4,744,172 shares of the real estate investment trust’s stock worth $169,225,000 after buying an additional 429,114 shares in the last quarter. Hedge funds and other institutional investors own 97.84% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms recently commented on UDR. Morgan Stanley reissued an “equal weight” rating and set a $37.00 price objective on shares of UDR in a report on Monday, February 26th. Mizuho cut their target price on shares of UDR from $38.00 to $35.00 and set a “neutral” rating for the company in a research report on Wednesday, February 28th. The Goldman Sachs Group initiated coverage on shares of UDR in a research report on Thursday, February 22nd. They set a “neutral” rating and a $39.00 target price for the company. Barclays cut shares of UDR from an “overweight” rating to an “equal weight” rating and cut their target price for the stock from $46.00 to $37.00 in a research report on Tuesday, February 20th. Finally, Deutsche Bank Aktiengesellschaft initiated coverage on shares of UDR in a research report on Tuesday, January 30th. They set a “hold” rating and a $40.00 target price for the company. Eleven analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat, UDR has a consensus rating of “Hold” and an average price target of $41.71.

UDR Price Performance

UDR stock opened at $37.26 on Wednesday. UDR, Inc. has a 1 year low of $30.95 and a 1 year high of $44.02. The firm has a 50 day moving average price of $36.60 and a 200 day moving average price of $35.93. The company has a market cap of $12.27 billion, a price-to-earnings ratio of 27.81, a PEG ratio of 2.96 and a beta of 0.80. The company has a debt-to-equity ratio of 1.47, a quick ratio of 5.15 and a current ratio of 5.15.

UDR Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, April 30th. Investors of record on Wednesday, April 10th will be issued a $0.425 dividend. This represents a $1.70 dividend on an annualized basis and a yield of 4.56%. This is an increase from UDR’s previous quarterly dividend of $0.42. The ex-dividend date is Tuesday, April 9th. UDR’s payout ratio is presently 126.87%.

UDR 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.