UDR, Inc. (NYSE:UDR) Shares Bought by International Assets Investment Management LLC

International Assets Investment Management LLC raised its stake in UDR, Inc. (NYSE:UDR - Free Report) by 3,730.9% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 37,351 shares of the real estate investment trust's stock after acquiring an additional 36,376 shares during the quarter. International Assets Investment Management LLC's holdings in UDR were worth $1,430,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also modified their holdings of UDR. Parkside Financial Bank & Trust increased its position 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 valued at $39,000 after acquiring an additional 754 shares during the last quarter. Clearstead Advisors LLC purchased a new position in UDR in the 3rd quarter valued at approximately $85,000. V Square Quantitative Management LLC purchased a new position in UDR in the 3rd quarter valued at approximately $179,000. Derbend Asset Management purchased a new position in UDR in the 4th quarter valued at approximately $210,000. Finally, TIAA Trust National Association bought a new stake in shares of UDR during the 3rd quarter worth $215,000. Institutional investors and hedge funds own 97.84% of the company's stock.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on the stock. Deutsche Bank Aktiengesellschaft assumed coverage on shares of UDR in a report on Tuesday, January 30th. They set a "hold" rating and a $40.00 price objective for the company. The Goldman Sachs Group initiated coverage on shares of UDR in a research note on Thursday, February 22nd. They issued a "neutral" rating and a $39.00 price target for the company. Barclays downgraded shares of UDR from an "overweight" rating to an "equal weight" rating and lowered their price target for the stock from $46.00 to $37.00 in a research note on Tuesday, February 20th. Truist Financial lowered their price target on shares of UDR from $45.00 to $42.00 and set a "buy" rating for the company in a research note on Tuesday, April 9th. Finally, Mizuho lowered their price target on shares of UDR from $38.00 to $35.00 and set a "neutral" rating for the company in a research note on Wednesday, February 28th. Eleven investment analysts have rated the stock with a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and an average price target of $41.71.

UDR Stock Up 1.7 %

NYSE:UDR traded up $0.61 during mid-day trading on Monday, hitting $37.01. 2,490,862 shares of the company's stock were exchanged, compared to its average volume of 2,972,873. The business has a fifty day moving average price of $36.52 and a 200 day moving average price of $35.91. The company has a market cap of $12.19 billion, a PE ratio of 27.62, a P/E/G ratio of 2.91 and a beta of 0.80. UDR, Inc. has a one year low of $30.95 and a one year high of $44.02. The company has a debt-to-equity ratio of 1.47, a current ratio of 5.15 and a quick ratio of 5.15.

UDR Increases Dividend

The company also recently announced 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 represents a $1.70 annualized dividend and a dividend yield of 4.59%. The ex-dividend date of this dividend is Tuesday, April 9th. This is an increase from UDR's previous quarterly dividend of $0.42. UDR's dividend payout ratio is currently 126.87%.

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.