Hartford Investment Management Co. Has $1.07 Million Stock Holdings in UDR, Inc. (NYSE:UDR)

Posted by Defense World Staff on Aug 19th, 2023

Hartford Investment Management Co. boosted its position in shares of UDR, Inc. (NYSE:UDR – Free Report) by 18.4% during the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 26,049 shares of the real estate investment trust’s stock after buying an additional 4,041 shares during the quarter. Hartford Investment Management Co.’s holdings in UDR were worth $1,070,000 as of its most recent SEC filing.

A number of other large investors also recently made changes to their positions in UDR. International Assets Investment Management LLC lifted its stake in shares of UDR by 6,400.0% in the 1st quarter. International Assets Investment Management LLC now owns 975 shares of the real estate investment trust’s stock valued at $40,000 after purchasing an additional 960 shares during the period. Signaturefd LLC increased its position 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 buying an additional 369 shares in the last quarter. Sentry Investment Management LLC bought a new stake in shares of UDR in the 1st quarter valued at $83,000. Desjardins Global Asset Management Inc. increased its position in shares of UDR by 117.1% in the 1st quarter. Desjardins Global Asset Management Inc. now owns 2,069 shares of the real estate investment trust’s stock valued at $85,000 after buying an additional 1,116 shares in the last quarter. Finally, CI Investments Inc. increased its position in shares of UDR by 476.8% in the 4th quarter. CI Investments Inc. now owns 2,434 shares of the real estate investment trust’s stock valued at $94,000 after buying an additional 2,012 shares in the last quarter. Institutional investors and hedge funds own 92.46% of the company’s stock.

UDR Trading Down 0.1 %

Shares of NYSE:UDR opened at $38.41 on Friday. UDR, Inc. has a 52-week low of $37.18 and a 52-week high of $49.38. The company has a market capitalization of $12.66 billion, a P/E ratio of 28.66, a price-to-earnings-growth ratio of 2.07 and a beta of 0.77. The company has a 50-day simple moving average of $41.80 and a 200 day simple moving average of $41.49. The company has a debt-to-equity ratio of 1.33, a quick ratio of 5.60 and a current ratio of 5.60.

UDR Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, July 31st. Investors of record on Monday, July 10th were paid a $0.42 dividend. The ex-dividend date of this dividend was Friday, July 7th. This represents a $1.68 annualized dividend and a yield of 4.37%. UDR’s dividend payout ratio (DPR) is currently 125.37%.

Wall Street Analysts Forecast Growth

UDR has been the subject of a number of recent analyst reports. Truist Financial upped their price objective on shares of UDR from $43.00 to $46.00 in a research report on Monday, May 15th. Mizuho lowered their price objective on shares of UDR from $50.00 to $44.00 in a research report on Friday, May 19th. TheStreet upgraded UDR from a “c” rating to a “b” rating in a report on Wednesday, July 26th. StockNews.com initiated coverage on UDR in a report on Thursday. They set a “hold” rating for the company. Finally, Morgan Stanley increased their target price on UDR from $45.00 to $46.00 and gave the stock an “overweight” rating in a report on Wednesday, July 19th. Ten investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $47.59.

View Our Latest Stock Analysis on UDR

UDR Profile

(Free Report)

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.