Allworth Financial LP Grows Position in UDR, Inc. (NYSE:UDR)

Allworth Financial LP grew its stake in shares of UDR, Inc. (NYSE:UDR) by 20.1% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 1,943 shares of the real estate investment trust’s stock after buying an additional 325 shares during the period. Allworth Financial LP’s holdings in UDR were worth $74,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of the stock. International Assets Investment Management LLC increased its position in UDR by 3,730.9% during the fourth quarter. International Assets Investment Management LLC now owns 37,351 shares of the real estate investment trust’s stock worth $1,430,000 after buying an additional 36,376 shares in the last quarter. Asset Management One Co. Ltd. boosted its holdings in shares of UDR by 0.4% during the fourth quarter. Asset Management One Co. Ltd. now owns 589,660 shares of the real estate investment trust’s stock worth $22,861,000 after purchasing an additional 2,626 shares during the last quarter. Arizona State Retirement System boosted its holdings in shares of UDR by 0.8% during the fourth quarter. Arizona State Retirement System now owns 86,027 shares of the real estate investment trust’s stock worth $3,294,000 after purchasing an additional 712 shares during the last quarter. Derbend Asset Management acquired a new stake in shares of UDR during the fourth quarter worth $210,000. Finally, Vanderbilt University boosted its holdings in shares of UDR by 10.6% during the fourth quarter. Vanderbilt University now owns 7,470 shares of the real estate investment trust’s stock worth $286,000 after purchasing an additional 717 shares during the last quarter. Hedge funds and other institutional investors own 97.84% of the company’s stock.

UDR Price Performance

Shares of NYSE UDR opened at $36.64 on Friday. UDR, Inc. has a 1-year low of $30.95 and a 1-year high of $44.02. The business has a 50-day moving average of $36.49 and a 200-day moving average of $35.89. The company has a debt-to-equity ratio of 1.47, a current ratio of 5.15 and a quick ratio of 5.15. The company has a market capitalization of $12.07 billion, a price-to-earnings ratio of 27.34, a PEG ratio of 2.97 and a beta of 0.80.

UDR Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, April 30th. Stockholders of record on Wednesday, April 10th will be given a $0.425 dividend. This is an increase from UDR’s previous quarterly dividend of $0.42. The ex-dividend date is Tuesday, April 9th. This represents a $1.70 annualized dividend and a dividend yield of 4.64%. UDR’s dividend payout ratio is presently 126.87%.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on UDR shares. Barclays cut UDR from an “overweight” rating to an “equal weight” rating and decreased their price objective for the stock from $46.00 to $37.00 in a report on Tuesday, February 20th. Deutsche Bank Aktiengesellschaft started coverage on UDR in a report on Tuesday, January 30th. They set a “hold” rating and a $40.00 price objective on the stock. Piper Sandler upgraded UDR from an “underweight” rating to a “neutral” rating and raised their price objective for the stock from $34.00 to $40.00 in a report on Wednesday. The Goldman Sachs Group began coverage on UDR in a report on Thursday, February 22nd. They issued a “neutral” rating and a $39.00 target price on the stock. Finally, Wells Fargo & Company raised UDR from an “equal weight” rating to an “overweight” rating and boosted their price target for the company from $34.00 to $39.00 in a research report on Monday, March 4th. Eleven research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $41.71.

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.