Mirae Asset Global Investments Co. Ltd. Acquires 2,687 Shares of UDR, Inc. (NYSE:UDR)

Mirae Asset Global Investments Co. Ltd. grew its holdings in shares of UDR, Inc. (NYSE:UDR – Get Rating) by 3.7% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 74,719 shares of the real estate investment trust’s stock after buying an additional 2,687 shares during the quarter. Mirae Asset Global Investments Co. Ltd.’s holdings in UDR were worth $2,894,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. CVA Family Office LLC lifted its position in UDR by 71.7% during the 3rd quarter. CVA Family Office LLC now owns 850 shares of the real estate investment trust’s stock worth $35,000 after buying an additional 355 shares in the last quarter. Romano Brothers AND Company bought a new stake in shares of UDR in the 4th quarter valued at about $43,000. Signaturefd LLC raised its holdings in shares of UDR by 48.6% in the 4th quarter. Signaturefd LLC now owns 1,128 shares of the real estate investment trust’s stock valued at $44,000 after purchasing an additional 369 shares during the period. Bessemer Group Inc. raised its holdings in shares of UDR by 14.2% in the 3rd quarter. Bessemer Group Inc. now owns 2,210 shares of the real estate investment trust’s stock valued at $92,000 after purchasing an additional 274 shares during the period. Finally, Tobam raised its holdings in shares of UDR by 60.3% in the 4th quarter. Tobam now owns 2,473 shares of the real estate investment trust’s stock valued at $96,000 after purchasing an additional 930 shares during the period. 92.09% of the stock is owned by institutional investors.

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UDR Stock Performance

NYSE UDR opened at $39.00 on Friday. The company has a current ratio of 4.91, a quick ratio of 4.91 and a debt-to-equity ratio of 1.44. The firm has a market capitalization of $12.84 billion, a price-to-earnings ratio of 130.00, a P/E/G ratio of 2.04 and a beta of 0.76. The firm’s 50 day simple moving average is $40.38 and its 200 day simple moving average is $40.68. UDR, Inc. has a 1 year low of $37.18 and a 1 year high of $50.65.

UDR Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, May 1st. Investors of record on Monday, April 10th were given a dividend of $0.42 per share. This is a positive change from UDR’s previous quarterly dividend of $0.38. The ex-dividend date of this dividend was Thursday, April 6th. This represents a $1.68 annualized dividend and a dividend yield of 4.31%. UDR’s dividend payout ratio (DPR) is currently 560.02%.

Analyst Ratings Changes

UDR has been the topic of a number of research analyst reports. StockNews.com initiated coverage on shares of UDR in a report on Thursday, May 18th. They issued a “hold” rating on the stock. Barclays increased their price target on shares of UDR from $44.00 to $50.00 and gave the company an “overweight” rating in a report on Wednesday, March 1st. Truist Financial increased their price target on shares of UDR from $43.00 to $46.00 in a report on Monday, May 15th. Wolfe Research cut shares of UDR from an “outperform” rating to a “peer perform” rating and set a $71.00 price target on the stock. in a report on Monday, May 15th. Finally, Robert W. Baird increased their price target on shares of UDR from $47.00 to $49.00 and gave the company an “outperform” rating in a report on Thursday, February 9th. Nine analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $48.16.

UDR Profile

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UDR, Inc is a real estate investment trust, which owns, operates, acquires, renovates, develops, redevelops, disposes of, and manages multifamily apartment communities. It engages in the multi-family real estate investment trust business. The firm operates through the Same-Store Communities and Non-Mature Communities/Other segments.

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