Schnieders Capital Management LLC Invests $223,000 in UDR, Inc. (NYSE:UDR)

Schnieders Capital Management LLC purchased a new position in shares of UDR, Inc. (NYSE:UDR) in the 4th quarter, according to the company in its most recent filing with the SEC. The fund purchased 5,827 shares of the real estate investment trust’s stock, valued at approximately $223,000.

A number of other institutional investors have also recently bought and sold shares of UDR. Parkside Financial Bank & Trust grew its holdings in UDR by 225.7% during the third quarter. Parkside Financial Bank & Trust now owns 1,088 shares of the real estate investment trust’s stock valued at $39,000 after purchasing an additional 754 shares during the period. Livforsakringsbolaget Skandia Omsesidigt lifted its stake in UDR by 87.3% in the fourth quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 1,435 shares of the real estate investment trust’s stock valued at $55,000 after buying an additional 669 shares in the last quarter. Allworth Financial LP lifted its stake in UDR by 20.1% in 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 in the last quarter. Clearstead Advisors LLC bought a new position in UDR in the third quarter valued at approximately $85,000. Finally, Cetera Trust Company N.A bought a new position in UDR in the fourth quarter valued at approximately $92,000. Institutional investors and hedge funds own 97.84% of the company’s stock.

UDR Trading Up 1.7 %

Shares of NYSE:UDR traded up $0.62 during trading on Wednesday, reaching $37.89. 2,890,164 shares of the company traded hands, compared to its average volume of 2,957,661. The firm has a market capitalization of $12.48 billion, a price-to-earnings ratio of 28.36, a P/E/G ratio of 2.96 and a beta of 0.80. UDR, Inc. has a 52-week low of $30.95 and a 52-week high of $44.02. The company has a current ratio of 5.15, a quick ratio of 5.15 and a debt-to-equity ratio of 1.47. The business’s fifty day moving average is $36.60 and its 200-day moving average is $35.93.

UDR Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 30th. Investors of record on Wednesday, April 10th will be paid a $0.425 dividend. This is a positive change from UDR’s previous quarterly dividend of $0.42. The ex-dividend date is Tuesday, April 9th. This represents a $1.70 dividend on an annualized basis and a yield of 4.49%. UDR’s dividend payout ratio (DPR) is presently 126.87%.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on the stock. Wells Fargo & Company raised shares of UDR from an “equal weight” rating to an “overweight” rating and lifted their price target for the company from $34.00 to $39.00 in a research note on Monday, March 4th. The Goldman Sachs Group started coverage on shares of UDR in a research note on Thursday, February 22nd. They issued a “neutral” rating and a $39.00 price target on the stock. Morgan Stanley reissued an “equal weight” rating and issued a $37.00 price objective on shares of UDR in a research report on Monday, February 26th. Piper Sandler raised shares of UDR from an “underweight” rating to a “neutral” rating and boosted their price objective for the stock from $34.00 to $40.00 in a research report on Wednesday, April 10th. Finally, Deutsche Bank Aktiengesellschaft started coverage on shares of UDR in a research report on Tuesday, January 30th. They issued a “hold” rating and a $40.00 price objective on the stock. Eleven equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $41.71.

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.