UDR, Inc. (NYSE:UDR) Stake Boosted by Aew Capital Management L P

Aew Capital Management L P raised its position in shares of UDR, Inc. (NYSE:UDR) by 0.3% during the 4th quarter, Holdings Channel.com reports. The firm owned 2,601,811 shares of the real estate investment trust’s stock after purchasing an additional 6,507 shares during the period. UDR accounts for 3.6% of Aew Capital Management L P’s investment portfolio, making the stock its 8th largest holding. Aew Capital Management L P’s holdings in UDR were worth $99,623,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in the company. Exchange Traded Concepts LLC lifted its holdings in UDR by 5.0% during the third quarter. Exchange Traded Concepts LLC now owns 6,302 shares of the real estate investment trust’s stock valued at $225,000 after purchasing an additional 299 shares in the last quarter. Cerity Partners LLC lifted its holdings in UDR by 0.3% during the fourth 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 in the last quarter. Allworth Financial LP lifted its holdings in UDR by 20.1% during the fourth quarter. Allworth Financial LP now owns 1,943 shares of the real estate investment trust’s stock valued at $74,000 after purchasing an additional 325 shares in the last quarter. Mackenzie Financial Corp lifted its holdings 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 purchasing an additional 550 shares in the last quarter. Finally, Treasurer of the State of North Carolina lifted its holdings in UDR by 0.4% during the third quarter. Treasurer of the State of North Carolina now owns 148,286 shares of the real estate investment trust’s stock valued at $5,289,000 after purchasing an additional 550 shares in the last quarter. Hedge funds and other institutional investors own 97.84% of the company’s stock.

UDR Trading Down 0.2 %

NYSE UDR traded down $0.06 on Friday, hitting $37.91. 2,061,772 shares of the stock were exchanged, compared to its average volume of 2,946,654. The company has a debt-to-equity ratio of 1.47, a quick ratio of 5.15 and a current ratio of 5.15. The stock has a fifty day moving average price of $36.73 and a two-hundred day moving average price of $35.96. The firm has a market capitalization of $12.48 billion, a P/E ratio of 28.29, a P/E/G ratio of 3.03 and a beta of 0.80. UDR, Inc. has a 52-week low of $30.95 and a 52-week high of $44.02.

UDR Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 30th. Shareholders of record on Wednesday, April 10th will be paid a dividend of $0.425 per share. This represents a $1.70 annualized dividend and a yield of 4.48%. 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 payout ratio is presently 126.87%.

Wall Street Analyst Weigh In

UDR has been the topic of several recent analyst reports. Truist Financial reduced their price objective on shares of UDR from $45.00 to $42.00 and set a “buy” rating on the stock in a research report on Tuesday, April 9th. Barclays cut shares of UDR from an “overweight” rating to an “equal weight” rating and reduced their price objective for the company from $46.00 to $37.00 in a research report on Tuesday, February 20th. Mizuho reduced their price objective on shares of UDR from $38.00 to $35.00 and set a “neutral” rating on the stock in a research report on Wednesday, February 28th. Piper Sandler upgraded shares of UDR from an “underweight” rating to a “neutral” rating and lifted their price objective for the company from $34.00 to $40.00 in a research report on Wednesday, April 10th. Finally, The Goldman Sachs Group initiated coverage on shares of UDR in a research report on Thursday, February 22nd. They set a “neutral” rating and a $39.00 price objective on the stock. Eleven analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $41.83.

UDR Company 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.