UDR, Inc. (NYSE:UDR) Shares Sold by Federated Hermes Inc.

Federated Hermes Inc. lowered its stake in UDR, Inc. (NYSE:UDR) by 55.2% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 2,030 shares of the real estate investment trust’s stock after selling 2,506 shares during the period. Federated Hermes Inc.’s holdings in UDR were worth $78,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently modified their holdings of UDR. Cerity Partners LLC boosted its position in shares of UDR by 0.3% in the 4th quarter. Cerity Partners LLC now owns 102,605 shares of the real estate investment trust’s stock valued at $3,929,000 after purchasing an additional 313 shares during the period. Allworth Financial LP grew its position in UDR by 20.1% during the 4th quarter. Allworth Financial LP now owns 1,943 shares of the real estate investment trust’s stock worth $74,000 after purchasing an additional 325 shares in the last quarter. Mackenzie Financial Corp raised its position in UDR by 1.8% during the third quarter. Mackenzie Financial Corp now owns 30,386 shares of the real estate investment trust’s stock valued at $1,058,000 after buying an additional 550 shares during the period. Treasurer of the State of North Carolina lifted its stake in UDR by 0.4% in the 3rd quarter. Treasurer of the State of North Carolina now owns 148,286 shares of the real estate investment trust’s stock worth $5,289,000 after acquiring an additional 550 shares in the last quarter. Finally, Sumitomo Mitsui DS Asset Management Company Ltd boosted its position in UDR by 0.8% during the 3rd quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 74,024 shares of the real estate investment trust’s stock worth $2,640,000 after acquiring an additional 616 shares during the period. Institutional investors and hedge funds own 97.84% of the company’s stock.

UDR Price Performance

Shares of NYSE:UDR opened at $38.89 on Tuesday. The company has a quick ratio of 6.61, a current ratio of 6.61 and a debt-to-equity ratio of 1.49. The business has a 50 day moving average price of $37.00 and a 200 day moving average price of $36.04. The company has a market cap of $12.81 billion, a price-to-earnings ratio of 28.18, a PEG ratio of 3.06 and a beta of 0.79. UDR, Inc. has a twelve month low of $30.95 and a twelve month high of $44.02.

UDR Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, April 30th. Stockholders of record on Wednesday, April 10th were given a dividend of $0.425 per share. The ex-dividend date of this dividend was Tuesday, April 9th. This represents a $1.70 dividend on an annualized basis and a dividend yield of 4.37%. This is a positive change from UDR’s previous quarterly dividend of $0.42. UDR’s dividend payout ratio is currently 123.19%.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on the company. Morgan Stanley reiterated 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 upgraded UDR from an “equal weight” rating to an “overweight” rating and boosted their target price for the company from $34.00 to $39.00 in a research note on Monday, March 4th. UBS Group raised UDR from a “neutral” rating to a “buy” rating and raised their price target for the stock from $38.00 to $44.00 in a research note on Thursday, April 25th. 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 for the company. Finally, Truist Financial dropped their price objective on UDR from $45.00 to $42.00 and set a “buy” rating on the stock in a report on Tuesday, April 9th. Twelve investment analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $41.72.

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.