Daiwa Securities Group Inc. raised its stake in shares of UDR, Inc. (NYSE:UDR - Free Report) by 7.1% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 6,108,077 shares of the real estate investment trust's stock after buying an additional 403,377 shares during the quarter. UDR comprises about 1.5% of Daiwa Securities Group Inc.'s investment portfolio, making the stock its 19th biggest holding. Daiwa Securities Group Inc. owned about 1.86% of UDR worth $233,878,000 as of its most recent filing with the Securities and Exchange Commission.
Other large investors have also added to or reduced their stakes in the company. Clear Street Markets LLC raised its stake in UDR by 96.1% during the first quarter. Clear Street Markets LLC now owns 606 shares of the real estate investment trust's stock valued at $25,000 after buying an additional 297 shares during the last quarter. International Assets Investment Management LLC purchased a new position in shares of UDR in the third quarter worth $35,000. Parkside Financial Bank & Trust raised its stake in shares of UDR by 225.7% in the third quarter. Parkside Financial Bank & Trust now owns 1,088 shares of the real estate investment trust's stock worth $39,000 after purchasing an additional 754 shares during the last quarter. Allworth Financial LP raised its stake in shares of UDR by 20.1% in the fourth quarter. Allworth Financial LP now owns 1,943 shares of the real estate investment trust's stock worth $74,000 after purchasing an additional 325 shares during the last quarter. Finally, Clearstead Advisors LLC purchased a new position in shares of UDR in the third quarter worth $85,000. Hedge funds and other institutional investors own 97.84% of the company's stock.
Wall Street Analyst Weigh In
Several analysts recently commented on the company. Mizuho cut their price objective on UDR from $38.00 to $35.00 and set a "neutral" rating for the company in a report on Wednesday, February 28th. Deutsche Bank Aktiengesellschaft assumed coverage on UDR in a report on Tuesday, January 30th. They issued a "hold" rating and a $40.00 price objective for the company. Wells Fargo & Company raised UDR from an "equal weight" rating to an "overweight" rating and lifted their price objective for the stock from $34.00 to $39.00 in a report on Monday, March 4th. Piper Sandler raised UDR from an "underweight" rating to a "neutral" rating and lifted their price objective for the stock from $34.00 to $40.00 in a report on Wednesday, April 10th. Finally, The Goldman Sachs Group assumed coverage on UDR in a report on Thursday, February 22nd. They issued a "neutral" rating and a $39.00 price objective for the company. Eleven research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Hold" and an average target price of $41.71.
Check Out Our Latest Stock Analysis on UDR
UDR Price Performance
Shares of NYSE UDR traded up $0.07 during mid-day trading on Wednesday, reaching $35.34. The company's stock had a trading volume of 2,415,147 shares, compared to its average volume of 2,964,494. The firm has a market capitalization of $11.64 billion, a PE ratio of 26.37, a P/E/G ratio of 2.87 and a beta of 0.80. The company has a debt-to-equity ratio of 1.47, a current ratio of 5.15 and a quick ratio of 5.15. The stock has a fifty day moving average of $36.49 and a two-hundred day moving average of $35.89. UDR, Inc. has a 52 week low of $30.95 and a 52 week high of $44.02.
UDR Increases Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 30th. Stockholders of record on Wednesday, April 10th will be paid a $0.425 dividend. This is a positive change from UDR's previous quarterly dividend of $0.42. The ex-dividend date is Tuesday, April 9th. This represents a $1.70 dividend on an annualized basis and a dividend yield of 4.81%. UDR's dividend payout ratio is 126.87%.
UDR 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.
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