Federated Hermes Inc. Cuts Holdings in UDR, Inc. (NYSE:UDR)

Federated Hermes Inc. reduced its position in shares of UDR, Inc. (NYSE:UDR) by 38.5% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 820 shares of the real estate investment trust’s stock after selling 513 shares during the quarter. Federated Hermes Inc.’s holdings in UDR were worth $36,000 as of its most recent SEC filing.

Other institutional investors have also recently modified their holdings of the company. Unigestion Holding SA boosted its position in UDR by 48.5% during the fourth quarter. Unigestion Holding SA now owns 17,474 shares of the real estate investment trust’s stock worth $759,000 after purchasing an additional 5,709 shares in the last quarter. Aster Capital Management DIFC Ltd purchased a new position in shares of UDR during the 4th quarter valued at approximately $550,000. Wells Fargo & Company MN grew its stake in UDR by 3.5% in the 4th quarter. Wells Fargo & Company MN now owns 81,458 shares of the real estate investment trust’s stock valued at $3,536,000 after acquiring an additional 2,737 shares during the period. Resona Asset Management Co. Ltd. purchased a new stake in UDR in the 4th quarter worth $7,226,000. Finally, Landscape Capital Management L.L.C. raised its position in UDR by 131.7% during the fourth quarter. Landscape Capital Management L.L.C. now owns 17,044 shares of the real estate investment trust’s stock worth $740,000 after acquiring an additional 9,689 shares during the period. 97.84% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research analysts recently weighed in on the stock. Zelman & Associates restated a “neutral” rating on shares of UDR in a research report on Thursday, February 13th. Barclays reduced their target price on UDR from $50.00 to $48.00 and set an “overweight” rating for the company in a report on Friday, January 24th. Jefferies Financial Group lowered UDR from a “buy” rating to a “hold” rating and lowered their price target for the stock from $50.00 to $45.00 in a research note on Thursday, January 2nd. Evercore ISI raised their price objective on UDR from $43.00 to $45.00 and gave the company an “in-line” rating in a report on Monday, February 10th. Finally, Truist Financial cut shares of UDR from a “buy” rating to a “hold” rating and lifted their target price for the stock from $45.00 to $46.00 in a research note on Monday, March 10th. One equities research analyst has rated the stock with a sell rating, eleven have issued a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $46.12.

UDR Stock Up 1.0 %

Shares of UDR opened at $41.27 on Friday. The company’s 50-day moving average price is $42.93 and its 200 day moving average price is $43.23. UDR, Inc. has a 12-month low of $36.28 and a 12-month high of $47.55. The company has a current ratio of 5.61, a quick ratio of 5.91 and a debt-to-equity ratio of 1.71. The firm has a market cap of $13.67 billion, a P/E ratio of 165.08, a price-to-earnings-growth ratio of 8.67 and a beta of 0.78.

UDR (NYSE:UDR) last issued its quarterly earnings data on Wednesday, February 5th. The real estate investment trust reported $0.63 EPS for the quarter, topping the consensus estimate of $0.10 by $0.53. UDR had a net margin of 5.36% and a return on equity of 2.65%. On average, sell-side analysts forecast that UDR, Inc. will post 2.51 earnings per share for the current year.

UDR Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 30th. Investors of record on Thursday, April 10th will be issued a $0.43 dividend. This represents a $1.72 annualized dividend and a dividend yield of 4.17%. The ex-dividend date of this dividend is Thursday, April 10th. This is an increase from UDR’s previous quarterly dividend of $0.43. UDR’s payout ratio is currently 688.00%.

Insider Buying and Selling

In other UDR news, CEO Thomas W. Toomey sold 25,000 shares of the firm’s stock in a transaction that occurred on Thursday, February 20th. The shares were sold at an average price of $42.75, for a total value of $1,068,750.00. Following the completion of the transaction, the chief executive officer now owns 824,716 shares of the company’s stock, valued at $35,256,609. This trade represents a 2.94 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. 3.73% of the stock is owned by corporate insiders.

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.