Charles Schwab Investment Management Inc. lifted its stake in shares of UDR, Inc. (NYSE:UDR - Free Report) by 2.0% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 4,128,230 shares of the real estate investment trust's stock after acquiring an additional 81,981 shares during the period. Charles Schwab Investment Management Inc. owned 1.26% of UDR worth $158,070,000 as of its most recent SEC filing.
A number of other large investors have also made changes to their positions in UDR. Parkside Financial Bank & Trust boosted its stake in UDR by 225.7% in the 3rd quarter. Parkside Financial Bank & Trust now owns 1,088 shares of the real estate investment trust's stock worth $39,000 after buying an additional 754 shares during the last quarter. Livforsakringsbolaget Skandia Omsesidigt raised its holdings in shares of UDR by 87.3% in the 4th quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 1,435 shares of the real estate investment trust's stock worth $55,000 after purchasing an additional 669 shares during the period. Addison Advisors LLC raised its holdings in shares of UDR by 53.1% in the 4th quarter. Addison Advisors LLC now owns 1,731 shares of the real estate investment trust's stock worth $66,000 after purchasing an additional 600 shares during the period. Allworth Financial LP raised its holdings in shares of UDR by 20.1% in the 4th 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 period. Finally, Clearstead Advisors LLC purchased a new position in shares of UDR in the 3rd quarter worth about $85,000. Institutional investors and hedge funds own 97.84% of the company's stock.
Analysts Set New Price Targets
UDR has been the topic of several analyst reports. Truist Financial dropped their target price on UDR from $45.00 to $42.00 and set a "buy" rating on the stock in a report on Tuesday, April 9th. Mizuho dropped their target price on UDR from $38.00 to $35.00 and set a "neutral" rating on the stock in a report on Wednesday, February 28th. Scotiabank downgraded UDR from a "sector outperform" rating to a "sector perform" rating and set a $39.00 target price on the stock. in a report on Wednesday, May 1st. Morgan Stanley reiterated an "equal weight" rating and set a $37.00 target price on shares of UDR in a report on Monday, February 26th. Finally, Piper Sandler upgraded UDR from an "underweight" rating to a "neutral" rating and raised their target price for the company from $34.00 to $40.00 in a report on Wednesday, April 10th. Twelve research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of "Hold" and an average target price of $41.72.
Read Our Latest Stock Analysis on UDR
UDR Price Performance
UDR stock remained flat at $39.04 during mid-day trading on Friday. The company's stock had a trading volume of 1,716,519 shares, compared to its average volume of 2,975,610. The company has a 50 day moving average price of $37.21 and a 200 day moving average price of $36.11. The company has a debt-to-equity ratio of 1.49, a quick ratio of 6.61 and a current ratio of 6.61. The firm has a market cap of $12.86 billion, a P/E ratio of 28.47, a PEG ratio of 3.06 and a beta of 0.79. 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 was paid on Tuesday, April 30th. Stockholders of record on Wednesday, April 10th were issued a $0.425 dividend. This is a positive change from UDR's previous quarterly dividend of $0.42. The ex-dividend date of this dividend was Tuesday, April 9th. This represents a $1.70 annualized dividend and a dividend yield of 4.35%. UDR's dividend payout ratio is 123.19%.
About UDR
(
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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