5,091 Shares in UDR, Inc. (NYSE:UDR) Acquired by GAMMA Investing LLC

GAMMA Investing LLC purchased a new position in UDR, Inc. (NYSE:UDR) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 5,091 shares of the real estate investment trust’s stock, valued at approximately $183,000.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Exchange Traded Concepts LLC boosted its stake in UDR by 5.0% in the 3rd 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 period. Cerity Partners LLC boosted its position in shares of UDR by 0.3% during the 4th quarter. Cerity Partners LLC now owns 102,605 shares of the real estate investment trust’s stock valued at $3,929,000 after acquiring an additional 313 shares during the last quarter. Allworth Financial LP boosted its position in shares of UDR by 20.1% during the 4th quarter. Allworth Financial LP now owns 1,943 shares of the real estate investment trust’s stock valued at $74,000 after acquiring an additional 325 shares during the last quarter. Mackenzie Financial Corp boosted its position in shares of UDR by 1.8% during the 3rd quarter. Mackenzie Financial Corp now owns 30,386 shares of the real estate investment trust’s stock valued at $1,058,000 after acquiring an additional 550 shares during the last quarter. Finally, Treasurer of the State of North Carolina boosted its position in shares of UDR by 0.4% during the 3rd quarter. Treasurer of the State of North Carolina now owns 148,286 shares of the real estate investment trust’s stock valued at $5,289,000 after acquiring an additional 550 shares during the last quarter. 97.84% of the stock is currently owned by institutional investors.

UDR Stock Performance

Shares of UDR stock opened at $37.91 on Friday. The stock’s fifty day moving average price is $36.73 and its 200-day moving average price is $35.96. UDR, Inc. has a 12 month low of $30.95 and a 12 month 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 firm has a market cap of $12.48 billion, a P/E ratio of 28.29, a P/E/G ratio of 3.04 and a beta of 0.80.

UDR Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, April 30th. Shareholders of record on Wednesday, April 10th will be paid a $0.425 dividend. This represents a $1.70 annualized dividend and a yield of 4.48%. 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 payout ratio is 126.87%.

Analysts Set New Price Targets

A number of research analysts have recently commented on the company. Wells Fargo & Company upgraded 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. Mizuho lowered 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. Morgan Stanley restated an “equal weight” rating and issued a $37.00 price target on shares of UDR in a research report on Monday, February 26th. Truist Financial lowered 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. Finally, 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 research report on Tuesday, February 20th. Eleven research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $41.83.

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.