Cerity Partners LLC Acquires 313 Shares of UDR, Inc. (NYSE:UDR)

Cerity Partners LLC boosted its holdings in shares of UDR, Inc. (NYSE:UDR) by 0.3% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 102,605 shares of the real estate investment trust’s stock after buying an additional 313 shares during the period. Cerity Partners LLC’s holdings in UDR were worth $3,929,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in UDR. Private Advisor Group LLC boosted its stake in UDR by 4.8% during the first quarter. Private Advisor Group LLC now owns 10,150 shares of the real estate investment trust’s stock valued at $582,000 after buying an additional 461 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its stake in UDR by 9.7% during the first quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 40,015 shares of the real estate investment trust’s stock valued at $2,296,000 after buying an additional 3,535 shares during the period. Aviva PLC lifted its stake in UDR by 68.5% during the first quarter. Aviva PLC now owns 72,356 shares of the real estate investment trust’s stock worth $4,151,000 after purchasing an additional 29,403 shares during the last quarter. Allianz Asset Management GmbH lifted its stake in UDR by 0.6% during the first quarter. Allianz Asset Management GmbH now owns 465,509 shares of the real estate investment trust’s stock worth $26,706,000 after purchasing an additional 2,630 shares during the last quarter. Finally, Prudential PLC bought a new stake in UDR during the first quarter worth about $369,000. Institutional investors own 97.84% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on UDR shares. Piper Sandler raised UDR from an “underweight” rating to a “neutral” rating and lifted their price target for the stock from $34.00 to $40.00 in a research note on Wednesday, April 10th. Morgan Stanley reaffirmed an “equal weight” rating and set a $37.00 price target on shares of UDR in a research note on Monday, February 26th. Mizuho dropped their price target on UDR from $38.00 to $35.00 and set a “neutral” rating for the company in a research note on Wednesday, February 28th. Wells Fargo & Company raised UDR from an “equal weight” rating to an “overweight” rating and lifted their price target for the stock from $34.00 to $39.00 in a research note on Monday, March 4th. Finally, Truist Financial lowered their target price on UDR from $45.00 to $42.00 and set a “buy” rating for the company in a research note on Tuesday, April 9th. Eleven research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $41.71.

UDR Stock Up 0.2 %

Shares of NYSE:UDR opened at $35.34 on Thursday. UDR, Inc. has a 1 year low of $30.95 and a 1 year high of $44.02. The company has a market cap of $11.64 billion, a PE ratio of 26.37, a P/E/G ratio of 2.82 and a beta of 0.80. 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 stock’s 50-day moving average is $36.49 and its 200 day moving average is $35.89.

UDR Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 30th. Investors of record on Wednesday, April 10th will be issued a dividend of $0.425 per share. This represents a $1.70 dividend on an annualized basis and a yield of 4.81%. The ex-dividend date is Tuesday, April 9th. This is an increase from UDR’s previous quarterly dividend of $0.42. UDR’s payout ratio is currently 126.87%.

UDR Company 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.