Steward Partners Investment Advisory LLC Reduces Position in UDR, Inc. (NYSE:UDR)

Steward Partners Investment Advisory LLC lessened its position in shares of UDR, Inc. (NYSE:UDRFree Report) by 6.0% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 5,137 shares of the real estate investment trust’s stock after selling 325 shares during the quarter. Steward Partners Investment Advisory LLC’s holdings in UDR were worth $197,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in UDR. Principal Securities Inc. purchased a new position in UDR during the 4th quarter worth approximately $26,000. Quest Partners LLC purchased a new position in UDR during the 4th quarter worth approximately $27,000. Parkside Financial Bank & Trust grew its stake in UDR by 225.7% during the 3rd quarter. Parkside Financial Bank & Trust now owns 1,088 shares of the real estate investment trust’s stock worth $39,000 after buying an additional 754 shares during the last quarter. Livforsakringsbolaget Skandia Omsesidigt grew its stake in UDR by 87.3% during the 4th quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 1,435 shares of the real estate investment trust’s stock worth $55,000 after buying an additional 669 shares during the last quarter. Finally, Addison Advisors LLC grew its stake in UDR by 53.1% during the 4th quarter. Addison Advisors LLC now owns 1,731 shares of the real estate investment trust’s stock worth $66,000 after buying an additional 600 shares during the last quarter. Hedge funds and other institutional investors own 97.84% of the company’s stock.

UDR Stock Up 0.2 %

UDR stock opened at $39.67 on Monday. The company has a debt-to-equity ratio of 1.49, a quick ratio of 6.61 and a current ratio of 6.61. The firm has a market capitalization of $13.06 billion, a price-to-earnings ratio of 28.75, a price-to-earnings-growth ratio of 8.77 and a beta of 0.81. UDR, Inc. has a fifty-two week low of $30.95 and a fifty-two week high of $44.02. The stock’s fifty day moving average is $38.03 and its two-hundred day moving average is $37.09.

UDR Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, April 30th. Shareholders of record on Wednesday, April 10th were issued a $0.425 dividend. This is a positive change from UDR’s previous quarterly dividend of $0.42. The ex-dividend date of this dividend was Tuesday, April 9th. This represents a $1.70 annualized dividend and a yield of 4.29%. UDR’s dividend payout ratio is 123.19%.

Insider Buying and Selling at UDR

In other UDR news, SVP Michael D. Lacy sold 4,500 shares of the company’s stock in a transaction on Friday, May 10th. The stock was sold at an average price of $38.17, for a total value of $171,765.00. Following the sale, the senior vice president now owns 8,566 shares of the company’s stock, valued at $326,964.22. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 3.73% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of research firms have recently issued reports on UDR. Wells Fargo & Company boosted their target price on UDR from $39.00 to $41.00 and gave the company an “overweight” rating in a report on Friday, May 31st. Morgan Stanley boosted their target price on UDR from $37.00 to $40.00 and gave the company an “equal weight” rating in a report on Tuesday, May 14th. Barclays lowered UDR from an “overweight” rating to an “equal weight” rating and dropped their target price for the company from $46.00 to $37.00 in a report on Tuesday, February 20th. The Goldman Sachs Group began coverage on UDR in a report on Thursday, February 22nd. They issued a “neutral” rating and a $39.00 target price on the stock. Finally, Truist Financial dropped their target price on UDR from $45.00 to $42.00 and set a “buy” rating on the stock in a report on Tuesday, April 9th. Eleven equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $40.65.

Read Our Latest Analysis on UDR

UDR Company Profile

(Free Report)

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.

Further Reading

Institutional Ownership by Quarter for UDR (NYSE:UDR)

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