Charles Schwab Investment Management Inc. Grows Stock Holdings in UDR, Inc. (NYSE:UDR)

Charles Schwab Investment Management Inc. lifted its stake in shares of UDR, Inc. (NYSE:UDR) by 2.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 4,128,230 shares of the real estate investment trust’s stock after acquiring an additional 81,981 shares during the quarter. Charles Schwab Investment Management Inc.’s holdings in UDR were worth $158,070,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of UDR. Parkside Financial Bank & Trust lifted its holdings in shares of UDR by 225.7% in 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 raised its holdings in shares of UDR by 87.3% in the 4th quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 1,435 shares of the real estate investment trust’s stock valued at $55,000 after purchasing an additional 669 shares in the last quarter. Addison Advisors LLC boosted its stake in shares of UDR by 53.1% during the fourth quarter. Addison Advisors LLC now owns 1,731 shares of the real estate investment trust’s stock valued at $66,000 after purchasing an additional 600 shares in the last quarter. Allworth Financial LP increased 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 valued at $74,000 after buying an additional 325 shares during the period. Finally, Clearstead Advisors LLC bought a new position in UDR in the third quarter worth approximately $85,000. Institutional investors own 97.84% of the company’s stock.

UDR Stock Performance

NYSE UDR opened at $39.04 on Friday. The stock has a market capitalization of $12.86 billion, a price-to-earnings ratio of 28.29, a PEG ratio of 3.06 and a beta of 0.79. UDR, Inc. has a twelve month low of $30.95 and a twelve month high of $44.02. The stock has a 50-day moving average of $37.21 and a 200 day moving average of $36.11. The company has a current ratio of 6.61, a quick ratio of 6.61 and a debt-to-equity ratio of 1.49.

UDR Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, April 30th. Stockholders of record on Wednesday, April 10th were given a $0.425 dividend. This is a positive change from UDR’s previous quarterly dividend of $0.42. The ex-dividend date 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 123.19%.

Wall Street Analyst Weigh In

UDR has been the subject of several recent research reports. Piper Sandler raised UDR from an “underweight” rating to a “neutral” rating and boosted their price target for the stock from $34.00 to $40.00 in a research report on Wednesday, April 10th. Wells Fargo & Company raised shares of UDR from an “equal weight” rating to an “overweight” rating and increased their target price for the company from $34.00 to $39.00 in a research report on Monday, March 4th. Deutsche Bank Aktiengesellschaft assumed coverage on UDR in a research report on Tuesday, January 30th. They set a “hold” rating and a $40.00 price target on the stock. Barclays downgraded UDR from an “overweight” rating to an “equal weight” rating and lowered their price target for the stock from $46.00 to $37.00 in a report on Tuesday, February 20th. Finally, Truist Financial dropped their target price on shares of UDR from $45.00 to $42.00 and set a “buy” rating on the stock in a research report on Tuesday, April 9th. Twelve analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $41.72.

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.