UDR, Inc. (NYSE:UDR) Shares Sold by Russell Investments Group Ltd.

Russell Investments Group Ltd. cut its position in shares of UDR, Inc. (NYSE:UDR) by 14.2% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 2,169,225 shares of the real estate investment trust’s stock after selling 359,631 shares during the quarter. Russell Investments Group Ltd. owned 0.66% of UDR worth $83,182,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Exchange Traded Concepts LLC raised its holdings in UDR by 5.0% during the third quarter. Exchange Traded Concepts LLC now owns 6,302 shares of the real estate investment trust’s stock worth $225,000 after purchasing an additional 299 shares during the last quarter. Cerity Partners LLC raised its holdings in UDR by 0.3% during the fourth quarter. Cerity Partners LLC now owns 102,605 shares of the real estate investment trust’s stock worth $3,929,000 after purchasing an additional 313 shares during the last quarter. Allworth Financial LP raised its holdings in UDR by 20.1% during the fourth 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 last quarter. Mackenzie Financial Corp increased its position in UDR by 1.8% during the third quarter. Mackenzie Financial Corp now owns 30,386 shares of the real estate investment trust’s stock worth $1,058,000 after buying an additional 550 shares in the last quarter. Finally, Treasurer of the State of North Carolina increased its position in UDR by 0.4% during the third quarter. Treasurer of the State of North Carolina now owns 148,286 shares of the real estate investment trust’s stock worth $5,289,000 after buying an additional 550 shares in the last quarter. 97.84% of the stock is owned by institutional investors and hedge funds.

UDR Trading Down 0.2 %

UDR stock traded down $0.06 during trading on Friday, reaching $37.91. 2,117,561 shares of the stock traded hands, compared to its average volume of 2,635,260. The business’s 50 day moving average price is $36.73 and its 200-day moving average price is $35.96. UDR, Inc. has a 52-week low of $30.95 and a 52-week high of $44.02. The company has a debt-to-equity ratio of 1.47, a current ratio of 5.15 and a quick ratio of 5.15. The firm has a market capitalization of $12.48 billion, a PE ratio of 28.29, a P/E/G ratio of 3.04 and a beta of 0.80.

UDR Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, April 30th. Shareholders of record on Wednesday, April 10th will be given a dividend of $0.425 per share. This represents a $1.70 dividend on an annualized basis and a yield of 4.48%. The ex-dividend date of this dividend is Tuesday, April 9th. This is an increase from UDR’s previous quarterly dividend of $0.42. UDR’s payout ratio is 126.87%.

Analyst Ratings Changes

UDR has been the subject of several recent research reports. Truist Financial dropped their price target on UDR from $45.00 to $42.00 and set a “buy” rating for the company in a research report on Tuesday, April 9th. Morgan Stanley reissued an “equal weight” rating and set a $37.00 price target on shares of UDR in a research report on Monday, February 26th. Mizuho dropped their price target on UDR from $38.00 to $35.00 and set a “neutral” rating for the company in a research report on Wednesday, February 28th. Piper Sandler raised UDR from an “underweight” rating to a “neutral” rating and raised their price target for the stock from $34.00 to $40.00 in a research report on Wednesday, April 10th. Finally, UBS Group raised UDR from a “neutral” rating to a “buy” rating and raised their price target for the stock from $38.00 to $44.00 in a research report on Thursday. Eleven analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, UDR currently has a consensus rating of “Hold” and an average price target of $41.83.

About UDR

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.