UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Has $139.23 Million Stock Holdings in UDR, Inc. (NYSE:UDR)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in shares of UDR, Inc. (NYSE:UDR - Free Report) by 3.9% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 3,207,420 shares of the real estate investment trust's stock after acquiring an additional 120,456 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned about 0.97% of UDR worth $139,234,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Worldquant Millennium Advisors LLC lifted its position in shares of UDR by 172.9% during the 4th quarter. Worldquant Millennium Advisors LLC now owns 326,586 shares of the real estate investment trust's stock valued at $14,177,000 after acquiring an additional 206,900 shares during the last quarter. Woodline Partners LP lifted its holdings in shares of UDR by 7.7% in the fourth quarter. Woodline Partners LP now owns 520,519 shares of the real estate investment trust's stock valued at $22,596,000 after purchasing an additional 37,219 shares in the last quarter. Squarepoint Ops LLC lifted its holdings in shares of UDR by 371.5% in the fourth quarter. Squarepoint Ops LLC now owns 60,193 shares of the real estate investment trust's stock valued at $2,613,000 after purchasing an additional 47,427 shares in the last quarter. Toronto Dominion Bank lifted its holdings in shares of UDR by 8.4% in the fourth quarter. Toronto Dominion Bank now owns 162,338 shares of the real estate investment trust's stock valued at $7,047,000 after purchasing an additional 12,512 shares in the last quarter. Finally, ProShare Advisors LLC lifted its holdings in shares of UDR by 7.4% in the fourth quarter. ProShare Advisors LLC now owns 54,689 shares of the real estate investment trust's stock valued at $2,374,000 after purchasing an additional 3,745 shares in the last quarter. Institutional investors and hedge funds own 97.84% of the company's stock.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on the company. Evercore ISI increased their target price on UDR from $43.00 to $45.00 and gave the company an "in-line" rating in a report on Monday, February 10th. Wall Street Zen raised shares of UDR from a "sell" rating to a "hold" rating in a research note on Thursday, February 6th. Mizuho cut their price objective on UDR from $45.00 to $41.00 and set a "neutral" rating for the company in a report on Friday. Truist Financial lowered UDR from a "buy" rating to a "hold" rating and increased their price objective for the stock from $45.00 to $46.00 in a report on Monday, March 10th. Finally, Royal Bank of Canada increased their price objective on UDR from $43.00 to $44.00 and gave the stock a "sector perform" rating in a report on Thursday, May 8th. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat, UDR currently has a consensus rating of "Hold" and an average price target of $46.44.

UDR Stock Up 1.5%

UDR stock traded up $0.58 during mid-day trading on Tuesday, hitting $40.05. 2,903,459 shares of the company's stock were exchanged, compared to its average volume of 2,146,560. 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 stock has a market cap of $13.27 billion, a P/E ratio of 160.20, a P/E/G ratio of 8.67 and a beta of 0.84. UDR, Inc. has a 1-year low of $36.61 and a 1-year high of $47.55. The stock has a 50 day moving average of $41.89 and a two-hundred day moving average of $42.84.

UDR (NYSE:UDR - Get Free Report) last posted its earnings results on Wednesday, April 30th. The real estate investment trust reported $0.61 EPS for the quarter, hitting the consensus estimate of $0.61. The firm had revenue of $419.84 million for the quarter, compared to the consensus estimate of $421.23 million. UDR had a net margin of 5.36% and a return on equity of 2.65%. The business's quarterly revenue was up 2.0% on a year-over-year basis. During the same period in the prior year, the business posted $0.61 earnings per share. As a group, analysts anticipate that UDR, Inc. will post 2.51 EPS for the current fiscal year.

UDR Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, April 30th. Stockholders of record on Thursday, April 10th were given a $0.43 dividend. This is an increase from UDR's previous quarterly dividend of $0.43. This represents a $1.72 annualized dividend and a dividend yield of 4.29%. The ex-dividend date of this dividend was Thursday, April 10th. UDR's dividend payout ratio (DPR) is currently 491.43%.

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.