Forsta AP Fonden Boosts Stock Position in UDR, Inc. (NYSE:UDR)

Forsta AP Fonden raised its holdings in UDR, Inc. (NYSE:UDR) by 56.4% in the 4th quarter, Holdings Channel reports. The institutional investor owned 152,000 shares of the real estate investment trust’s stock after acquiring an additional 54,800 shares during the period. Forsta AP Fonden’s holdings in UDR were worth $6,598,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Exchange Traded Concepts LLC grew its holdings in UDR by 8.8% in the 4th quarter. Exchange Traded Concepts LLC now owns 3,330 shares of the real estate investment trust’s stock valued at $145,000 after buying an additional 269 shares during the period. CWM LLC grew its holdings in shares of UDR by 10.0% during the 3rd quarter. CWM LLC now owns 3,802 shares of the real estate investment trust’s stock worth $172,000 after purchasing an additional 347 shares during the period. Empowered Funds LLC grew its holdings in shares of UDR by 7.1% during the 3rd quarter. Empowered Funds LLC now owns 5,246 shares of the real estate investment trust’s stock worth $238,000 after purchasing an additional 350 shares during the period. Mather Group LLC. grew its holdings in shares of UDR by 58.2% during the 3rd quarter. Mather Group LLC. now owns 998 shares of the real estate investment trust’s stock worth $45,000 after purchasing an additional 367 shares during the period. Finally, Truist Financial Corp grew its holdings in shares of UDR by 0.6% during the 2nd quarter. Truist Financial Corp now owns 66,673 shares of the real estate investment trust’s stock worth $2,744,000 after purchasing an additional 414 shares during the period. Hedge funds and other institutional investors own 97.84% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on the company. StockNews.com cut UDR from a “hold” rating to a “sell” rating in a report on Thursday, January 2nd. Scotiabank decreased their target price on UDR from $49.00 to $48.00 and set a “sector perform” rating for the company in a report on Thursday, November 14th. Jefferies Financial Group cut UDR from a “buy” rating to a “hold” rating and decreased their price target for the stock from $50.00 to $45.00 in a report on Thursday, January 2nd. Royal Bank of Canada decreased their price target on UDR from $46.00 to $45.00 and set a “sector perform” rating for the company in a report on Tuesday, November 5th. Finally, Wells Fargo & Company decreased their price target on UDR from $48.00 to $45.00 and set an “overweight” rating for the company in a report on Friday, January 24th. Two analysts have rated the stock with a sell rating, eight have given a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $46.06.

UDR Stock Performance

UDR stock opened at $41.74 on Friday. The stock has a 50 day moving average of $43.09 and a 200-day moving average of $43.40. UDR, Inc. has a 52 week low of $34.19 and a 52 week high of $47.55. The stock has a market cap of $13.77 billion, a P/E ratio of 112.81, a price-to-earnings-growth ratio of 11.12 and a beta of 0.89. The company has a current ratio of 5.91, a quick ratio of 5.91 and a debt-to-equity ratio of 1.69.

UDR Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, January 31st. Investors of record on Thursday, January 9th were paid a dividend of $0.425 per share. This represents a $1.70 annualized dividend and a yield of 4.07%. The ex-dividend date of this dividend was Friday, January 10th. UDR’s dividend payout ratio (DPR) is presently 459.46%.

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.