UDR, Inc. (NYSE:UDR) Shares Sold by abrdn plc

abrdn plc reduced its stake in shares of UDR, Inc. (NYSE:UDR – Get Rating) by 5.7% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 142,517 shares of the real estate investment trust’s stock after selling 8,690 shares during the period. abrdn plc’s holdings in UDR were worth $5,520,000 as of its most recent SEC filing.

Several other institutional investors have also recently modified their holdings of the stock. PGGM Investments purchased a new stake in UDR in the 3rd quarter worth approximately $123,609,000. Vanguard Group Inc. grew its stake in UDR by 4.9% in the 1st quarter. Vanguard Group Inc. now owns 50,627,965 shares of the real estate investment trust’s stock worth $2,904,527,000 after acquiring an additional 2,353,851 shares during the period. State Street Corp grew its stake in UDR by 11.3% in the 1st quarter. State Street Corp now owns 20,573,811 shares of the real estate investment trust’s stock worth $1,180,320,000 after acquiring an additional 2,084,674 shares during the period. Neuberger Berman Group LLC grew its stake in UDR by 6,650.3% in the 3rd quarter. Neuberger Berman Group LLC now owns 878,145 shares of the real estate investment trust’s stock worth $36,621,000 after acquiring an additional 865,136 shares during the period. Finally, Canada Pension Plan Investment Board grew its stake in UDR by 32.8% in the 3rd quarter. Canada Pension Plan Investment Board now owns 3,264,873 shares of the real estate investment trust’s stock worth $136,178,000 after acquiring an additional 806,728 shares during the period. 92.09% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of analysts recently weighed in on UDR shares. Mizuho decreased their price target on shares of UDR from $50.00 to $44.00 in a research report on Friday. Wolfe Research cut shares of UDR from an “outperform” rating to a “peer perform” rating and set a $71.00 price target on the stock. in a research report on Monday, May 15th. Truist Financial raised their target price on shares of UDR from $43.00 to $46.00 in a report on Monday, May 15th. Barclays raised their price target on shares of UDR from $44.00 to $50.00 and gave the company an “overweight” rating in a research note on Wednesday, March 1st. Finally, StockNews.com began coverage on shares of UDR in a research note on Thursday. They set a “hold” rating on the stock. Nine research analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $48.16.

UDR Trading Up 0.3 %

Shares of NYSE UDR opened at $40.34 on Monday. UDR, Inc. has a 1-year low of $37.18 and a 1-year high of $50.65. The company has a 50-day moving average of $40.42 and a two-hundred day moving average of $40.67. The company has a market cap of $13.28 billion, a PE ratio of 134.47, a P/E/G ratio of 2.09 and a beta of 0.76. The company has a current ratio of 4.91, a quick ratio of 4.91 and a debt-to-equity ratio of 1.44.

UDR Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, May 1st. Shareholders of record on Monday, April 10th were issued a dividend of $0.42 per share. This is an increase from UDR’s previous quarterly dividend of $0.38. The ex-dividend date of this dividend was Thursday, April 6th. This represents a $1.68 annualized dividend and a yield of 4.16%. UDR’s dividend payout ratio is currently 560.02%.

About UDR

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UDR, Inc is a real estate investment trust, which owns, operates, acquires, renovates, develops, redevelops, disposes of, and manages multifamily apartment communities. It engages in the multi-family real estate investment trust business. The firm operates through the Same-Store Communities and Non-Mature Communities/Other segments.