Vert Asset Management LLC boosted its stake in UDR, Inc. (NYSE:UDR - Free Report) by 6.1% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 137,862 shares of the real estate investment trust's stock after acquiring an additional 7,879 shares during the quarter. UDR comprises about 2.0% of Vert Asset Management LLC's holdings, making the stock its 18th largest holding. Vert Asset Management LLC's holdings in UDR were worth $5,985,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Exchange Traded Concepts LLC boosted its holdings in UDR by 8.8% in the 4th quarter. Exchange Traded Concepts LLC now owns 3,330 shares of the real estate investment trust's stock worth $145,000 after acquiring an additional 269 shares during the period. CWM LLC boosted its holdings in UDR by 10.0% in the 3rd quarter. CWM LLC now owns 3,802 shares of the real estate investment trust's stock worth $172,000 after acquiring an additional 347 shares during the period. Empowered Funds LLC raised its position 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 valued at $238,000 after purchasing an additional 350 shares in the last quarter. Mather Group LLC. raised its position in shares of UDR by 58.2% in the 3rd quarter. Mather Group LLC. now owns 998 shares of the real estate investment trust's stock valued at $45,000 after purchasing an additional 367 shares in the last quarter. Finally, Truist Financial Corp raised its position in shares of UDR by 0.6% in the 2nd quarter. Truist Financial Corp now owns 66,673 shares of the real estate investment trust's stock valued at $2,744,000 after purchasing an additional 414 shares in the last quarter. Hedge funds and other institutional investors own 97.84% of the company's stock.
Wall Street Analyst Weigh In
UDR has been the topic of a number of recent analyst reports. Wells Fargo & Company cut their target price on UDR from $48.00 to $45.00 and set an "overweight" rating on the stock in a research report on Friday, January 24th. Mizuho cut their target price on UDR from $47.00 to $45.00 and set a "neutral" rating on the stock in a research report on Monday, January 6th. Jefferies Financial Group lowered UDR from a "buy" rating to a "hold" rating and cut their target price for the company from $50.00 to $45.00 in a research report on Thursday, January 2nd. StockNews.com lowered UDR from a "hold" rating to a "sell" rating in a research report on Thursday, January 2nd. Finally, Royal Bank of Canada cut their target price on UDR from $46.00 to $45.00 and set a "sector perform" rating on the stock in a research report on Tuesday, November 5th. Two analysts have rated the stock with a sell rating, eight have given a hold rating and eight have issued a buy rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Hold" and a consensus price target of $46.06.
Get Our Latest Report on UDR
UDR Stock Performance
Shares of NYSE:UDR traded up $0.17 on Friday, hitting $41.60. The company's stock had a trading volume of 1,320,223 shares, compared to its average volume of 1,961,246. UDR, Inc. has a 12 month low of $34.19 and a 12 month high of $47.55. The company has a market capitalization of $13.73 billion, a price-to-earnings ratio of 112.49, a price-to-earnings-growth ratio of 11.12 and a beta of 0.89. The stock's 50-day moving average is $43.09 and its two-hundred day moving average is $43.40. 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 Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Friday, January 31st. Stockholders of record on Thursday, January 9th will be paid a $0.425 dividend. The ex-dividend date of this dividend is Friday, January 10th. This represents a $1.70 annualized dividend and a dividend yield of 4.09%. UDR's payout ratio is 459.47%.
About UDR
(
Free Report)
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.
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