2,400 Shares in UDR, Inc. (NYSE:UDR) Bought by Cetera Trust Company N.A

Cetera Trust Company N.A acquired a new position in shares of UDR, Inc. (NYSE:UDR) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 2,400 shares of the real estate investment trust’s stock, valued at approximately $92,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Parkside Financial Bank & Trust lifted its holdings in UDR by 225.7% during 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 period. Livforsakringsbolaget Skandia Omsesidigt lifted its holdings in UDR by 87.3% during the 4th quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 1,435 shares of the real estate investment trust’s stock worth $55,000 after buying an additional 669 shares during the period. Allworth Financial LP lifted its holdings in UDR by 20.1% during the 4th quarter. Allworth Financial LP now owns 1,943 shares of the real estate investment trust’s stock worth $74,000 after buying an additional 325 shares during the period. Clearstead Advisors LLC acquired a new position in UDR during the 3rd quarter worth about $85,000. Finally, V Square Quantitative Management LLC acquired a new position in UDR during the 3rd quarter worth about $179,000. Institutional investors own 97.84% of the company’s stock.

UDR Price Performance

Shares of NYSE UDR opened at $37.01 on Tuesday. The firm’s 50-day moving average price is $36.54 and its 200-day moving average price is $35.92. UDR, Inc. has a 1-year low of $30.95 and a 1-year high of $44.02. The firm has a market capitalization of $12.19 billion, a P/E ratio of 27.62, a P/E/G ratio of 2.91 and a beta of 0.80. The company has a current ratio of 5.15, a quick ratio of 5.15 and a debt-to-equity ratio of 1.47.

UDR Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 30th. Investors of record on Wednesday, April 10th will be issued a $0.425 dividend. This represents a $1.70 dividend on an annualized basis and a dividend yield of 4.59%. 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. UDR’s dividend payout ratio is currently 126.87%.

Analyst Ratings Changes

Several research analysts have commented on UDR shares. Mizuho cut 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. The Goldman Sachs Group started coverage on UDR in a report on Thursday, February 22nd. They set a “neutral” rating and a $39.00 target price on the stock. Piper Sandler raised UDR from an “underweight” rating to a “neutral” rating and lifted their target price for the stock from $34.00 to $40.00 in a report on Wednesday, April 10th. Truist Financial cut their target price on UDR from $45.00 to $42.00 and set a “buy” rating on the stock in a research report on Tuesday, April 9th. Finally, Deutsche Bank Aktiengesellschaft started coverage on UDR in a research note on Tuesday, January 30th. They set a “hold” rating and a $40.00 target price for the company. Eleven research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $41.71.

UDR 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.