abrdn plc Purchases 23,078 Shares of UDR, Inc. (NYSE:UDR)

abrdn plc boosted its holdings in UDR, Inc. (NYSE:UDR - Free Report) by 11.8% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 219,193 shares of the real estate investment trust's stock after buying an additional 23,078 shares during the period. abrdn plc owned approximately 0.07% of UDR worth $9,459,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also bought and sold shares of the business. Activest Wealth Management purchased a new position in shares of UDR during the 3rd quarter valued at $27,000. Brooklyn Investment Group bought a new stake in shares of UDR during the 3rd quarter worth $33,000. Continuum Advisory LLC lifted its holdings in shares of UDR by 5,335.3% during the 3rd quarter. Continuum Advisory LLC now owns 924 shares of the real estate investment trust's stock worth $41,000 after acquiring an additional 907 shares during the last quarter. Mather Group LLC. lifted its holdings in shares of UDR by 58.2% during the 3rd 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 last quarter. Finally, Salem Investment Counselors Inc. lifted its holdings in shares of UDR by 62.7% during the 4th quarter. Salem Investment Counselors Inc. now owns 1,349 shares of the real estate investment trust's stock worth $59,000 after acquiring an additional 520 shares during the last quarter. 97.84% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of analysts have recently issued reports on the stock. Royal Bank of Canada lifted their price objective on shares of UDR from $43.00 to $44.00 and gave the stock a "sector perform" rating in a report on Friday. Wells Fargo & Company lowered their price target on shares of UDR from $48.00 to $45.00 and set an "overweight" rating for the company in a research note on Friday, January 24th. Scotiabank lowered their price target on shares of UDR from $49.00 to $48.00 and set a "sector perform" rating for the company in a research note on Thursday, November 14th. Evercore ISI boosted their price target on shares of UDR from $43.00 to $45.00 and gave the stock an "in-line" rating in a research note on Monday. Finally, Jefferies Financial Group cut shares of UDR from a "buy" rating to a "hold" rating and decreased their price objective for the company from $50.00 to $45.00 in a research report on Thursday, January 2nd. One research analyst has rated the stock with a sell rating, nine have given a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Hold" and a consensus price target of $46.12.

UDR Stock Performance

UDR stock traded down $0.06 during midday trading on Tuesday, reaching $42.76. 1,326,973 shares of the company traded hands, compared to its average volume of 1,992,925. The firm has a market capitalization of $14.11 billion, a price-to-earnings ratio of 171.06, a price-to-earnings-growth ratio of 11.72 and a beta of 0.88. The business has a 50 day moving average of $42.60 and a two-hundred day moving average of $43.47. UDR, Inc. has a 12 month low of $34.19 and a 12 month high of $47.55. The company has a debt-to-equity ratio of 1.71, a current ratio of 1.32 and a quick ratio of 5.91.

UDR (NYSE:UDR - Get Free Report) last released its quarterly earnings results on Wednesday, February 5th. The real estate investment trust reported $0.63 earnings per share for the quarter, topping the consensus estimate of $0.10 by $0.53. UDR had a net margin of 5.36% and a return on equity of 2.65%. As a group, research analysts predict that UDR, Inc. will post 2.51 earnings per share for the current year.

UDR Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, January 31st. Investors of record on Thursday, January 9th were paid a dividend of $0.425 per share. The ex-dividend date of this dividend was Friday, January 10th. This represents a $1.70 annualized dividend and a yield of 3.98%. UDR's payout ratio is 680.00%.

UDR Company 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.