Raymond James & Associates Raises Position in UDR, Inc. (NYSE:UDR)

Raymond James & Associates increased its holdings in UDR, Inc. (NYSE:UDR) by 13.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 82,281 shares of the real estate investment trust’s stock after purchasing an additional 9,842 shares during the period. Raymond James & Associates’ holdings in UDR were worth $3,151,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in UDR. Cetera Investment Advisers lifted its holdings in shares of UDR by 3.5% in the first quarter. Cetera Investment Advisers now owns 6,529 shares of the real estate investment trust’s stock valued at $375,000 after buying an additional 218 shares during the period. Bessemer Group Inc. boosted its position in shares of UDR by 10.6% during the 4th quarter. Bessemer Group Inc. now owns 2,444 shares of the real estate investment trust’s stock valued at $95,000 after purchasing an additional 234 shares in the last quarter. Baird Financial Group Inc. grew its stake in shares of UDR by 3.8% in the 1st quarter. Baird Financial Group Inc. now owns 6,525 shares of the real estate investment trust’s stock worth $374,000 after purchasing an additional 237 shares during the last quarter. Snowden Capital Advisors LLC grew its stake in shares of UDR by 5.2% in the 1st quarter. Snowden Capital Advisors LLC now owns 5,455 shares of the real estate investment trust’s stock worth $224,000 after purchasing an additional 271 shares during the last quarter. Finally, Neuberger Berman Group LLC lifted its stake in UDR by 3.6% during the first quarter. Neuberger Berman Group LLC now owns 8,374 shares of the real estate investment trust’s stock valued at $480,000 after purchasing an additional 291 shares during the last quarter. 97.84% of the stock is currently owned by institutional investors and hedge funds.

UDR Stock Down 1.4 %

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 stock has a market capitalization of $12.07 billion, a price-to-earnings ratio of 27.34, a P/E/G ratio of 2.97 and a beta of 0.80. The company has a current ratio of 5.15, a quick 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. Shareholders of record on Wednesday, April 10th will be issued a $0.425 dividend. The ex-dividend date 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 yield of 4.64%. UDR’s dividend payout ratio is 126.87%.

Wall Street Analysts Forecast Growth

UDR has been the topic of several research analyst reports. Deutsche Bank Aktiengesellschaft started coverage on shares of UDR in a research report on Tuesday, January 30th. They set a “hold” rating and a $40.00 price objective on the stock. Piper Sandler upgraded shares of UDR from an “underweight” rating to a “neutral” rating and increased their target price for the stock from $34.00 to $40.00 in a research report on Wednesday. Morgan Stanley restated an “equal weight” rating and set a $37.00 price target on shares of UDR in a report on Monday, February 26th. Wells Fargo & Company upgraded UDR from an “equal weight” rating to an “overweight” rating and increased their price objective for the stock from $34.00 to $39.00 in a report on Monday, March 4th. Finally, Barclays downgraded UDR from an “overweight” rating to an “equal weight” rating and lowered their target price for the company from $46.00 to $37.00 in a research note on Tuesday, February 20th. Eleven equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat, the company currently 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.