UDR, Inc. (NYSE:UDR) Shares Sold by Pacer Advisors Inc.

Pacer Advisors Inc. trimmed its position in UDR, Inc. (NYSE:UDRFree Report) by 42.2% in the fourth quarter, HoldingsChannel.com reports. The firm owned 20,054 shares of the real estate investment trust’s stock after selling 14,635 shares during the quarter. Pacer Advisors Inc.’s holdings in UDR were worth $768,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Clear Street Markets LLC lifted its position in UDR by 96.1% in the first quarter. Clear Street Markets LLC now owns 606 shares of the real estate investment trust’s stock worth $25,000 after purchasing an additional 297 shares during the period. International Assets Investment Management LLC acquired a new stake in UDR in the third quarter worth approximately $35,000. Parkside Financial Bank & Trust lifted its position in UDR by 225.7% in the third quarter. Parkside Financial Bank & Trust now owns 1,088 shares of the real estate investment trust’s stock worth $39,000 after purchasing an additional 754 shares during the period. Clearstead Advisors LLC acquired a new stake in UDR in the third quarter worth approximately $85,000. Finally, Bessemer Group Inc. lifted its position in UDR by 10.6% in the fourth quarter. Bessemer Group Inc. now owns 2,444 shares of the real estate investment trust’s stock worth $95,000 after purchasing an additional 234 shares during the period. 97.84% of the stock is currently owned by institutional investors and hedge funds.

UDR Price Performance

UDR opened at $36.46 on Thursday. The stock has a fifty day moving average of $36.40 and a 200-day moving average of $35.88. The firm has a market capitalization of $12.00 billion, a P/E ratio of 27.21, a PEG ratio of 2.93 and a beta of 0.80. UDR, Inc. has a 12-month low of $30.95 and a 12-month high of $44.02. The company has a quick ratio of 5.15, a current ratio of 5.15 and a debt-to-equity ratio of 1.47.

UDR Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 30th. Stockholders of record on Wednesday, April 10th will be paid a $0.425 dividend. The ex-dividend date of this dividend is Tuesday, April 9th. This is an increase from UDR’s previous quarterly dividend of $0.42. This represents a $1.70 dividend on an annualized basis and a dividend yield of 4.66%. UDR’s dividend payout ratio is 125.37%.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on UDR shares. Wells Fargo & Company upgraded UDR from an “equal weight” rating to an “overweight” rating and upped their target price for the stock from $34.00 to $39.00 in a research report on Monday, March 4th. Morgan Stanley reiterated an “equal weight” rating and set a $37.00 price objective on shares of UDR in a research report on Monday, February 26th. Barclays downgraded UDR from an “overweight” rating to an “equal weight” rating and cut their price objective for the company from $46.00 to $37.00 in a research report on Tuesday, February 20th. Deutsche Bank Aktiengesellschaft assumed coverage on UDR in a research report on Tuesday, January 30th. They set a “hold” rating and a $40.00 price objective for the company. Finally, Mizuho cut their price objective on UDR from $38.00 to $35.00 and set a “neutral” rating for the company in a research report on Wednesday, February 28th. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating and six have given a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $41.76.

Read Our Latest Stock Analysis on UDR

UDR Profile

(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.

See Also

Want to see what other hedge funds are holding UDR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for UDR, Inc. (NYSE:UDRFree Report).

Institutional Ownership by Quarter for UDR (NYSE:UDR)

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