Sumitomo Mitsui Trust Holdings Inc. decreased its holdings in shares of UDR, Inc. (NYSE:UDR – Free Report) by 1.0% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The firm owned 1,285,671 shares of the real estate investment trust’s stock after selling 13,284 shares during the period. Sumitomo Mitsui Trust Holdings Inc. owned approximately 0.39% of UDR worth $52,790,000 at the end of the most recent quarter.
Other hedge funds have also made changes to their positions in the company. International Assets Investment Management LLC boosted its stake in shares of UDR by 6,400.0% during the first quarter. International Assets Investment Management LLC now owns 975 shares of the real estate investment trust’s stock worth $40,000 after buying an additional 960 shares during the period. Romano Brothers AND Company acquired a new stake in shares of UDR during the fourth quarter worth about $43,000. Signaturefd LLC boosted its stake in shares of UDR by 48.6% during the fourth quarter. Signaturefd LLC now owns 1,128 shares of the real estate investment trust’s stock worth $44,000 after buying an additional 369 shares during the period. Sentry Investment Management LLC acquired a new stake in shares of UDR during the first quarter worth about $83,000. Finally, CI Investments Inc. boosted its stake in shares of UDR by 476.8% during the fourth quarter. CI Investments Inc. now owns 2,434 shares of the real estate investment trust’s stock worth $94,000 after buying an additional 2,012 shares during the period. Institutional investors and hedge funds own 92.46% of the company’s stock.
Analysts Set New Price Targets
A number of brokerages recently commented on UDR. Wells Fargo & Company began coverage on shares of UDR in a research report on Wednesday, March 29th. They issued an “overweight” rating and a $44.50 price objective for the company. Truist Financial raised their price objective on shares of UDR from $43.00 to $46.00 in a research report on Monday, May 15th. Wolfe Research downgraded shares of UDR from an “outperform” rating to a “peer perform” rating and set a $71.00 price objective for the company. in a research report on Monday, May 15th. Barclays reduced their price objective on shares of UDR from $50.00 to $47.00 in a research report on Wednesday, May 31st. Finally, StockNews.com started coverage on shares of UDR in a report on Thursday, May 18th. They issued a “hold” rating for the company. Nine analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, UDR presently has a consensus rating of “Hold” and a consensus price target of $47.83.
UDR Stock Down 1.0 %
UDR Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Monday, July 31st. Shareholders of record on Monday, July 10th will be paid a $0.42 dividend. The ex-dividend date of this dividend is Friday, July 7th. This represents a $1.68 annualized dividend and a yield of 3.96%. UDR’s 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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