Forsta AP Fonden Purchases 54,800 Shares of UDR, Inc. (NYSE:UDR)

Forsta AP Fonden raised its holdings in shares of UDR, Inc. (NYSE:UDR - Free Report) by 56.4% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 152,000 shares of the real estate investment trust's stock after purchasing an additional 54,800 shares during the period. Forsta AP Fonden's holdings in UDR were worth $6,598,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of UDR. Exchange Traded Concepts LLC lifted its position in UDR by 8.8% during the fourth quarter. Exchange Traded Concepts LLC now owns 3,330 shares of the real estate investment trust's stock valued at $145,000 after purchasing an additional 269 shares during the period. CWM LLC lifted its holdings in shares of UDR by 10.0% during the 3rd quarter. CWM LLC now owns 3,802 shares of the real estate investment trust's stock valued at $172,000 after buying an additional 347 shares during the period. Empowered Funds LLC boosted its stake in shares of UDR by 7.1% in the 3rd quarter. Empowered Funds LLC now owns 5,246 shares of the real estate investment trust's stock worth $238,000 after buying an additional 350 shares during the last quarter. Mather Group LLC. grew its holdings in shares of UDR by 58.2% in the third quarter. Mather Group LLC. now owns 998 shares of the real estate investment trust's stock worth $45,000 after acquiring an additional 367 shares during the period. Finally, Truist Financial Corp increased its position in UDR by 0.6% during the second quarter. Truist Financial Corp now owns 66,673 shares of the real estate investment trust's stock valued at $2,744,000 after acquiring an additional 414 shares during the last quarter. Institutional investors own 97.84% of the company's stock.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on UDR shares. Jefferies Financial Group cut UDR from a "buy" rating to a "hold" rating and dropped their target price for the stock from $50.00 to $45.00 in a research report on Thursday, January 2nd. Wells Fargo & Company cut their target price on shares of UDR from $48.00 to $45.00 and set an "overweight" rating for the company in a research report on Friday, January 24th. StockNews.com cut shares of UDR from a "hold" rating to a "sell" rating in a research note on Thursday, January 2nd. Scotiabank reduced their price objective on UDR from $49.00 to $48.00 and set a "sector perform" rating for the company in a research note on Thursday, November 14th. Finally, Barclays cut their price target on UDR from $50.00 to $48.00 and set an "overweight" rating for the company in a report on Friday, January 24th. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating and eight have given a buy rating to the company's stock. According to data from MarketBeat, UDR currently has an average rating of "Hold" and an average price target of $46.06.

UDR Price Performance

Shares of UDR traded up $0.31 during mid-day trading on Friday, hitting $41.74. 2,865,214 shares of the stock were exchanged, compared to its average volume of 1,810,043. The company has a debt-to-equity ratio of 1.69, a quick ratio of 5.91 and a current ratio of 5.91. UDR, Inc. has a 52-week low of $34.19 and a 52-week high of $47.55. The firm has a 50-day moving average of $43.02 and a two-hundred day moving average of $43.43. The company has a market cap of $13.77 billion, a PE ratio of 112.81, a price-to-earnings-growth ratio of 11.12 and a beta of 0.89.

UDR Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, January 31st. Investors of record on Thursday, January 9th were given a $0.425 dividend. The ex-dividend date of this dividend was Friday, January 10th. This represents a $1.70 dividend on an annualized basis and a yield of 4.07%. UDR's dividend payout ratio is presently 459.47%.

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.