New York State Common Retirement Fund boosted its holdings in shares of UDR, Inc. (NYSE:UDR – Get Rating) by 9.3% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 324,765 shares of the real estate investment trust’s stock after acquiring an additional 27,700 shares during the period. New York State Common Retirement Fund owned 0.10% of UDR worth $18,632,000 at the end of the most recent reporting period.
A number of other large investors also recently bought and sold shares of UDR. Dixon Hughes Goodman Wealth Advisors LLC increased its stake in UDR by 111.1% during the 1st quarter. Dixon Hughes Goodman Wealth Advisors LLC now owns 684 shares of the real estate investment trust’s stock valued at $39,000 after purchasing an additional 360 shares in the last quarter. National Bank of Canada FI bought a new stake in UDR during the 4th quarter valued at about $60,000. Prospera Financial Services Inc bought a new stake in UDR during the 1st quarter valued at about $66,000. CWM LLC bought a new stake in UDR during the 4th quarter valued at about $76,000. Finally, Tobam increased its stake in UDR by 106.0% during the 1st quarter. Tobam now owns 1,543 shares of the real estate investment trust’s stock valued at $89,000 after purchasing an additional 794 shares in the last quarter. 96.39% of the stock is owned by hedge funds and other institutional investors.
Analyst Ratings Changes
A number of brokerages have recently commented on UDR. Barclays reduced their price target on shares of UDR from $63.00 to $56.00 in a research note on Tuesday, May 10th. TheStreet downgraded shares of UDR from a “b-” rating to a “c+” rating in a report on Tuesday, April 26th. Mizuho dropped their price objective on shares of UDR from $60.00 to $48.00 and set a “buy” rating on the stock in a report on Monday, June 27th. Morgan Stanley dropped their price objective on shares of UDR from $51.00 to $47.00 and set an “equal weight” rating on the stock in a report on Friday, July 15th. Finally, Scotiabank dropped their price objective on shares of UDR from $60.00 to $58.00 in a report on Thursday, May 19th. Five equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $55.24.
UDR Trading Up 1.1 %
Shares of UDR opened at $46.66 on Friday. The company’s fifty day moving average is $45.77 and its 200 day moving average is $51.83. UDR, Inc. has a fifty-two week low of $42.00 and a fifty-two week high of $61.06. The stock has a market capitalization of $15.16 billion, a PE ratio of 97.21, a P/E/G ratio of 2.23 and a beta of 0.75. The company has a debt-to-equity ratio of 1.44, a quick ratio of 3.45 and a current ratio of 3.45.
UDR Dividend Announcement
The firm also recently declared a quarterly dividend, which was paid on Monday, August 1st. Investors of record on Monday, July 11th were given a $0.38 dividend. This represents a $1.52 annualized dividend and a yield of 3.26%. The ex-dividend date was Friday, July 8th. UDR’s dividend payout ratio is presently 316.67%.
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.
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