Cwm LLC Has $149,000 Stock Position in UDR, Inc. (NYSE:UDR)

Cwm LLC lessened its stake in UDR, Inc. (NYSE:UDR) by 20.9% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 3,895 shares of the real estate investment trust’s stock after selling 1,032 shares during the quarter. Cwm LLC’s holdings in UDR were worth $149,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in the stock. International Assets Investment Management LLC boosted its stake in UDR by 3,730.9% in the 4th quarter. International Assets Investment Management LLC now owns 37,351 shares of the real estate investment trust’s stock worth $1,430,000 after purchasing an additional 36,376 shares during the period. Sumitomo Mitsui Trust Holdings Inc. boosted its position in shares of UDR by 79.3% during the fourth quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 1,830,437 shares of the real estate investment trust’s stock worth $70,087,000 after buying an additional 809,273 shares during the period. IFM Investors Pty Ltd grew its holdings in shares of UDR by 1.3% during 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 buying an additional 847 shares in the last quarter. Daiwa Securities Group Inc. raised its position in UDR by 7.1% in the 4th quarter. Daiwa Securities Group Inc. now owns 6,108,077 shares of the real estate investment trust’s stock valued at $233,878,000 after buying an additional 403,377 shares during the last quarter. Finally, Neo Ivy Capital Management bought a new stake in UDR in the 3rd quarter valued at approximately $1,088,000. Institutional investors own 97.84% of the company’s stock.

Analyst Ratings Changes

UDR has been the topic of a number of recent research reports. Truist Financial lowered their price objective on shares of UDR from $45.00 to $42.00 and set a “buy” rating on the stock in a report on Tuesday, April 9th. The Goldman Sachs Group assumed coverage on shares of UDR in a research note on Thursday, February 22nd. They issued a “neutral” rating and a $39.00 price target for the company. Wedbush reaffirmed an “outperform” rating and issued a $40.00 target price on shares of UDR in a report on Monday, April 29th. UBS Group upgraded UDR from a “neutral” rating to a “buy” rating and lifted their price target for the stock from $38.00 to $44.00 in a report on Thursday, April 25th. Finally, Deutsche Bank Aktiengesellschaft began coverage on UDR in a research report on Tuesday, January 30th. They issued a “hold” rating and a $40.00 price objective for the company. Twelve analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $41.44.

UDR Stock Performance

Shares of NYSE:UDR opened at $38.23 on Monday. UDR, Inc. has a 12-month low of $30.95 and a 12-month high of $44.02. The company’s 50 day moving average price is $36.92 and its two-hundred day moving average price is $36.02. The firm has a market cap of $12.59 billion, a PE ratio of 27.70, a PEG ratio of 3.06 and a beta of 0.79. The company has a quick ratio of 5.15, a current ratio of 6.61 and a debt-to-equity ratio of 1.49.

UDR Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, April 30th. Shareholders of record on Wednesday, April 10th were paid a dividend of $0.425 per share. This represents a $1.70 dividend on an annualized basis and a yield of 4.45%. The ex-dividend date of this dividend was Tuesday, April 9th. This is a positive change from UDR’s previous quarterly dividend of $0.42. UDR’s dividend payout ratio (DPR) is 123.19%.

About UDR

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.