Livforsakringsbolaget Skandia Omsesidigt Raises Stock Holdings in UDR, Inc. (NYSE:UDR)

Livforsakringsbolaget Skandia Omsesidigt lifted its holdings in shares of UDR, Inc. (NYSE:UDR) by 87.3% in the 4th quarter, Holdings Channel reports. The firm owned 1,435 shares of the real estate investment trust’s stock after acquiring an additional 669 shares during the period. Livforsakringsbolaget Skandia Omsesidigt’s holdings in UDR were worth $55,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently modified their holdings of UDR. Norges Bank purchased a new position in shares of UDR during the fourth quarter worth about $913,594,000. JPMorgan Chase & Co. grew its holdings in shares of UDR by 30.1% during the first quarter. JPMorgan Chase & Co. now owns 13,691,188 shares of the real estate investment trust’s stock worth $562,157,000 after purchasing an additional 3,164,948 shares in the last quarter. Vanguard Group Inc. lifted its position in UDR by 4.9% in the 1st quarter. Vanguard Group Inc. now owns 50,627,965 shares of the real estate investment trust’s stock worth $2,904,527,000 after buying an additional 2,353,851 shares during the last quarter. State Street Corp lifted its position in UDR by 11.2% in the 1st quarter. State Street Corp now owns 22,969,937 shares of the real estate investment trust’s stock worth $943,146,000 after buying an additional 2,321,585 shares during the last quarter. Finally, Long Pond Capital LP bought a new stake in UDR in the 4th quarter worth approximately $73,433,000. Hedge funds and other institutional investors own 97.84% of the company’s stock.

UDR Trading Up 1.7 %

NYSE UDR opened at $36.40 on Friday. The company has a quick ratio of 5.15, a current ratio of 5.15 and a debt-to-equity ratio of 1.47. UDR, Inc. has a twelve month low of $30.95 and a twelve month high of $44.02. The firm has a market capitalization of $11.99 billion, a PE ratio of 27.16, a P/E/G ratio of 2.86 and a beta of 0.80. The stock’s 50 day moving average is $36.52 and its 200 day moving average is $35.90.

UDR Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, April 30th. Investors of record on Wednesday, April 10th will be given a dividend of $0.425 per share. The ex-dividend date of this dividend is Tuesday, April 9th. This is a positive change from UDR’s previous quarterly dividend of $0.42. This represents a $1.70 annualized dividend and a dividend yield of 4.67%. UDR’s payout ratio is currently 126.87%.

Analyst Ratings Changes

A number of research firms recently weighed in on UDR. Morgan Stanley restated an “equal weight” rating and issued a $37.00 target price on shares of UDR in a research report on Monday, February 26th. Barclays downgraded UDR from an “overweight” rating to an “equal weight” rating and dropped their target price for the stock from $46.00 to $37.00 in a research report on Tuesday, February 20th. Truist Financial dropped their target price on UDR from $45.00 to $42.00 and set a “buy” rating for the company in a research report on Tuesday, April 9th. Mizuho dropped their target price on UDR from $38.00 to $35.00 and set a “neutral” rating for the company in a research report on Wednesday, February 28th. Finally, The Goldman Sachs Group began coverage on UDR in a research report on Thursday, February 22nd. They issued a “neutral” rating and a $39.00 target price 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 data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $41.71.

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.