UDR, Inc. (NYSE:UDR) Shares Sold by Signaturefd LLC

Signaturefd LLC lessened its holdings in UDR, Inc. (NYSE:UDR) by 12.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 7,304 shares of the real estate investment trust’s stock after selling 1,041 shares during the quarter. Signaturefd LLC’s holdings in UDR were worth $280,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in the business. Exchange Traded Concepts LLC boosted its holdings in UDR by 5.0% in the third quarter. Exchange Traded Concepts LLC now owns 6,302 shares of the real estate investment trust’s stock worth $225,000 after purchasing an additional 299 shares during the period. Cerity Partners LLC boosted its holdings in UDR by 0.3% in the fourth quarter. Cerity Partners LLC now owns 102,605 shares of the real estate investment trust’s stock worth $3,929,000 after purchasing an additional 313 shares during the period. Allworth Financial LP boosted its holdings in UDR by 20.1% in the fourth quarter. Allworth Financial LP now owns 1,943 shares of the real estate investment trust’s stock worth $74,000 after purchasing an additional 325 shares during the period. Mackenzie Financial Corp boosted its holdings in UDR by 1.8% in the third quarter. Mackenzie Financial Corp now owns 30,386 shares of the real estate investment trust’s stock worth $1,058,000 after purchasing an additional 550 shares during the period. Finally, Treasurer of the State of North Carolina boosted its holdings in UDR by 0.4% in the third quarter. Treasurer of the State of North Carolina now owns 148,286 shares of the real estate investment trust’s stock worth $5,289,000 after purchasing an additional 550 shares during the period. Institutional investors and hedge funds own 97.84% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on UDR shares. Barclays downgraded shares of UDR from an “overweight” rating to an “equal weight” rating and reduced their price target for the company from $46.00 to $37.00 in a report on Tuesday, February 20th. Deutsche Bank Aktiengesellschaft started coverage on shares of UDR in a report on Tuesday, January 30th. They set a “hold” rating and a $40.00 price target for the company. Morgan Stanley reissued an “equal weight” rating and set a $37.00 price target on shares of UDR in a report on Monday, February 26th. The Goldman Sachs Group started coverage on shares of UDR in a report on Thursday, February 22nd. They set a “neutral” rating and a $39.00 price target for the company. Finally, Piper Sandler raised shares of UDR from an “underweight” rating to a “neutral” rating and boosted their price target for the company from $34.00 to $40.00 in a report on Wednesday, April 10th. Eleven investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $41.83.

UDR Price Performance

Shares of UDR opened at $37.91 on Friday. The company has a market capitalization of $12.48 billion, a price-to-earnings ratio of 28.29, a P/E/G ratio of 3.04 and a beta of 0.80. UDR, Inc. has a fifty-two week low of $30.95 and a fifty-two week high of $44.02. The company has a debt-to-equity ratio of 1.47, a current ratio of 5.15 and a quick ratio of 5.15. The business’s 50-day moving average is $36.73 and its 200-day moving average is $35.96.

UDR Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 30th. Stockholders of record on Wednesday, April 10th will be issued a $0.425 dividend. This is an increase from UDR’s previous quarterly dividend of $0.42. The ex-dividend date is Tuesday, April 9th. This represents a $1.70 dividend on an annualized basis and a dividend yield of 4.48%. UDR’s dividend payout ratio is currently 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.