Thompson Siegel & Walmsley LLC Sells 44,690 Shares of UDR, Inc. (NYSE:UDR)

Thompson Siegel & Walmsley LLC lessened its stake in shares of UDR, Inc. (NYSE:UDR - Free Report) by 82.9% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 9,193 shares of the real estate investment trust's stock after selling 44,690 shares during the period. Thompson Siegel & Walmsley LLC's holdings in UDR were worth $352,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in UDR. Mackenzie Financial Corp raised its stake in UDR by 1.8% during the 3rd quarter. Mackenzie Financial Corp now owns 30,386 shares of the real estate investment trust's stock valued at $1,058,000 after purchasing an additional 550 shares during the period. TIAA Trust National Association acquired a new stake in UDR during the 3rd quarter worth about $215,000. Sumitomo Mitsui DS Asset Management Company Ltd grew its stake in UDR by 0.8% during the 3rd quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 74,024 shares of the real estate investment trust's stock valued at $2,640,000 after acquiring an additional 616 shares in the last quarter. Teacher Retirement System of Texas increased its holdings in shares of UDR by 32.2% in the 3rd quarter. Teacher Retirement System of Texas now owns 159,504 shares of the real estate investment trust's stock valued at $5,690,000 after purchasing an additional 38,859 shares during the period. Finally, New Mexico Educational Retirement Board lifted its position in shares of UDR by 7.3% in the third quarter. New Mexico Educational Retirement Board now owns 16,100 shares of the real estate investment trust's stock worth $574,000 after purchasing an additional 1,100 shares in the last quarter. 97.84% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on UDR shares. Wells Fargo & Company upgraded shares of UDR from an "equal weight" rating to an "overweight" rating and upped their price objective for the company from $34.00 to $39.00 in a research note on Monday, March 4th. UBS Group upgraded UDR from a "neutral" rating to a "buy" rating and increased their price objective for the stock from $38.00 to $44.00 in a report on Thursday, April 25th. Wedbush boosted their target price on UDR from $40.00 to $45.00 and gave the company an "outperform" rating in a research note on Monday, May 6th. Truist Financial cut their price target on 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 UDR from $38.00 to $35.00 and set a "neutral" rating for the company in a research note on Wednesday, February 28th. Twelve analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat, UDR has a consensus rating of "Hold" and an average target price of $41.72.

UDR Price Performance

Shares of NYSE UDR remained flat at $39.04 during trading hours on Friday. The company had a trading volume of 1,716,519 shares, compared to its average volume of 2,974,762. The firm has a fifty day moving average of $37.27 and a 200-day moving average of $36.15. UDR, Inc. has a fifty-two week low of $30.95 and a fifty-two week high of $44.02. The stock has a market cap of $12.86 billion, a PE ratio of 28.29, a price-to-earnings-growth ratio of 2.98 and a beta of 0.79. The company has a debt-to-equity ratio of 1.49, a current ratio of 6.61 and a quick ratio of 6.61.

UDR Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, April 30th. Stockholders of record on Wednesday, April 10th were paid a $0.425 dividend. This is an increase 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 (DPR) is presently 123.19%.

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.