Raymond James Financial Services Advisors Inc. Sells 409 Shares of UDR, Inc. (NYSE:UDR)

Raymond James Financial Services Advisors Inc. trimmed its stake in UDR, Inc. (NYSE:UDR) by 7.2% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 5,256 shares of the real estate investment trust’s stock after selling 409 shares during the quarter. Raymond James Financial Services Advisors Inc.’s holdings in UDR were worth $201,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in the stock. Raymond James & Associates boosted its holdings in UDR by 13.6% in the fourth quarter. Raymond James & Associates now owns 82,281 shares of the real estate investment trust’s stock worth $3,151,000 after acquiring an additional 9,842 shares in the last quarter. SG Americas Securities LLC boosted its holdings in UDR by 41.1% in the fourth quarter. SG Americas Securities LLC now owns 70,685 shares of the real estate investment trust’s stock worth $2,707,000 after acquiring an additional 20,592 shares in the last quarter. IFM Investors Pty Ltd boosted its holdings in UDR by 1.3% in the fourth quarter. IFM Investors Pty Ltd now owns 66,266 shares of the real estate investment trust’s stock worth $2,537,000 after acquiring an additional 847 shares in the last quarter. Aurora Investment Managers LLC. boosted its holdings in UDR by 5.7% in the fourth quarter. Aurora Investment Managers LLC. now owns 59,412 shares of the real estate investment trust’s stock worth $2,275,000 after acquiring an additional 3,230 shares in the last quarter. Finally, Pensionfund DSM Netherlands boosted its holdings in UDR by 11.0% in the fourth quarter. Pensionfund DSM Netherlands now owns 65,605 shares of the real estate investment trust’s stock worth $2,512,000 after acquiring an additional 6,500 shares in the last quarter. 97.84% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

UDR has been the topic of several analyst reports. Morgan Stanley reissued an “equal weight” rating and issued a $37.00 target price on shares of UDR in a report on Monday, February 26th. Wells Fargo & Company raised UDR from an “equal weight” rating to an “overweight” rating and upped their price target for the company from $34.00 to $39.00 in a report on Monday, March 4th. The Goldman Sachs Group started coverage on UDR in a report on Thursday, February 22nd. They set a “neutral” rating and a $39.00 price target on the stock. Barclays downgraded UDR from an “overweight” rating to an “equal weight” rating and lowered their price target for the company from $46.00 to $37.00 in a report on Tuesday, February 20th. Finally, Truist Financial lowered their price target on UDR from $45.00 to $42.00 and set a “buy” rating on the stock in a report on Tuesday, April 9th. Eleven 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.com, the company currently has an average rating of “Hold” and an average price target of $41.71.

UDR Price Performance

Shares of UDR stock opened at $37.89 on Thursday. The stock has a 50 day moving average of $36.66 and a 200 day moving average of $35.94. UDR, Inc. has a 12 month low of $30.95 and a 12 month high of $44.02. The firm has a market cap of $12.48 billion, a PE ratio of 28.28, a PEG ratio of 2.96 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 disclosed 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. This represents a $1.70 annualized dividend and a dividend yield of 4.49%. This is a positive change from UDR’s previous quarterly dividend of $0.42. The ex-dividend date of this dividend is Tuesday, April 9th. UDR’s dividend payout ratio (DPR) is presently 126.87%.

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.