Barclays PLC reduced its position in shares of UDR, Inc. (NYSE:UDR – Free Report) by 51.8% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 341,490 shares of the real estate investment trust’s stock after selling 367,723 shares during the period. Barclays PLC owned about 0.10% of UDR worth $14,024,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds also recently modified their holdings of the company. Vanguard Group Inc. boosted its position in shares of UDR by 4.9% during the first quarter. Vanguard Group Inc. now owns 50,627,965 shares of the real estate investment trust’s stock worth $2,904,527,000 after buying an additional 2,353,851 shares during the period. Norges Bank acquired a new position in UDR during the fourth quarter valued at approximately $913,594,000. State Street Corp boosted its position in UDR by 11.3% during the first quarter. State Street Corp now owns 20,573,811 shares of the real estate investment trust’s stock valued at $1,180,320,000 after purchasing an additional 2,084,674 shares during the last quarter. Geode Capital Management LLC boosted its position in UDR by 1.7% during the fourth quarter. Geode Capital Management LLC now owns 6,851,059 shares of the real estate investment trust’s stock valued at $264,897,000 after purchasing an additional 116,929 shares during the last quarter. Finally, Daiwa Securities Group Inc. boosted its position in UDR by 8.4% during the first quarter. Daiwa Securities Group Inc. now owns 6,609,090 shares of the real estate investment trust’s stock valued at $271,369,000 after purchasing an additional 514,404 shares during the last quarter. 92.46% of the stock is owned by institutional investors and hedge funds.
UDR Stock Performance
NYSE:UDR opened at $40.39 on Tuesday. The stock has a 50 day simple moving average of $42.07 and a 200 day simple moving average of $41.59. UDR, Inc. has a 1-year low of $37.18 and a 1-year high of $50.65. The company has a current ratio of 5.60, a quick ratio of 5.60 and a debt-to-equity ratio of 1.33. The stock has a market cap of $13.31 billion, a P/E ratio of 30.14, a PEG ratio of 2.15 and a beta of 0.77.
UDR Announces Dividend
Analyst Upgrades and Downgrades
Several research analysts recently commented on UDR shares. Truist Financial increased their price target on UDR from $43.00 to $46.00 in a research report on Monday, May 15th. Morgan Stanley increased their price target on UDR from $45.00 to $46.00 and gave the company an “overweight” rating in a research report on Wednesday, July 19th. StockNews.com began coverage on UDR in a research report on Thursday, May 18th. They set a “hold” rating for the company. Mizuho cut their price objective on UDR from $50.00 to $44.00 in a research report on Friday, May 19th. Finally, Piper Sandler raised their price objective on UDR from $45.00 to $46.00 in a research report on Friday, July 28th. Nine equities research 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, the stock currently has a consensus rating of “Hold” and a consensus target price of $47.90.
Read Our Latest Stock Analysis on UDR
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.
Further Reading
- Five stocks we like better than UDR
- What’s a Sound Playbook for Investors During Election Years?
- 8 Best Meme Stocks to Buy Now
- How to Invest in Virtual Reality
- Is Now The Time To Buy XLF Financial ETF?
- Dividend Tax Calculator
- Three Ways To Play The Rise In Oil Prices
Want to see what other hedge funds are holding UDR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for UDR, Inc. (NYSE:UDR – Free Report).
Receive News & Ratings for UDR Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for UDR and related companies with MarketBeat.com's FREE daily email newsletter.
