Kinneret Advisory LLC trimmed its stake in UDR, Inc. (NYSE:UDR – Free Report) by 5.1% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,457 shares of the real estate investment trust’s stock after selling 401 shares during the period. Kinneret Advisory LLC’s holdings in UDR were worth $306,000 at the end of the most recent reporting period.
A number of other institutional investors also recently bought and sold shares of the stock. Ossiam increased its position in UDR by 121.2% in the fourth quarter. Ossiam now owns 6,407 shares of the real estate investment trust’s stock worth $248,000 after buying an additional 3,510 shares in the last quarter. Tokio Marine Asset Management Co. Ltd. lifted its position in shares of UDR by 16.7% in the fourth quarter. Tokio Marine Asset Management Co. Ltd. now owns 7,375 shares of the real estate investment trust’s stock valued at $286,000 after acquiring an additional 1,053 shares in the last quarter. Asset Management One Co. Ltd. boosted its stake in shares of UDR by 5.9% in the fourth quarter. Asset Management One Co. Ltd. now owns 647,611 shares of the real estate investment trust’s stock worth $25,198,000 after acquiring an additional 35,881 shares during the period. Forsta AP Fonden grew its holdings in UDR by 25.4% during the 4th quarter. Forsta AP Fonden now owns 74,500 shares of the real estate investment trust’s stock valued at $2,885,000 after buying an additional 15,100 shares in the last quarter. Finally, Nordea Investment Management AB raised its position in shares of UDR by 10.5% during the fourth quarter. Nordea Investment Management AB now owns 36,390 shares of the real estate investment trust’s stock valued at $1,408,000 after buying an additional 3,446 shares during the last quarter. 92.46% of the stock is owned by institutional investors.
Analyst Ratings Changes
A number of equities analysts recently weighed in on UDR shares. Wolfe Research lowered shares of UDR from an “outperform” rating to a “peer perform” rating and set a $71.00 target price for the company. in a research report on Monday, May 15th. Mizuho reduced their target price on UDR from $50.00 to $44.00 in a report on Friday, May 19th. StockNews.com assumed coverage on UDR in a research note on Thursday, May 18th. They set a “hold” rating for the company. Wells Fargo & Company started coverage on UDR in a research note on Wednesday, March 29th. They issued an “overweight” rating and a $44.50 price objective on the stock. Finally, Truist Financial raised their target price on shares of UDR from $43.00 to $46.00 in a report on Monday, May 15th. Nine investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to MarketBeat.com, UDR currently has an average rating of “Hold” and a consensus target price of $47.83.
UDR Stock Down 0.1 %
UDR Dividend Announcement
The company also recently declared a quarterly dividend, which will be paid on Monday, July 31st. Stockholders of record on Monday, July 10th will be paid a dividend of $0.42 per share. The ex-dividend date is Friday, July 7th. This represents a $1.68 annualized dividend and a dividend yield of 3.87%. UDR’s dividend payout ratio is currently 560.02%.
UDR 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.
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