Addison Advisors LLC Increases Stock Position in UDR, Inc. (NYSE:UDR)

Addison Advisors LLC raised its holdings in UDR, Inc. (NYSE:UDR) by 53.1% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,731 shares of the real estate investment trust’s stock after purchasing an additional 600 shares during the quarter. Addison Advisors LLC’s holdings in UDR were worth $66,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently added to or reduced their stakes in UDR. Parkside Financial Bank & Trust boosted its holdings in UDR by 225.7% in the 3rd quarter. Parkside Financial Bank & Trust now owns 1,088 shares of the real estate investment trust’s stock valued at $39,000 after purchasing an additional 754 shares in the last quarter. Livforsakringsbolaget Skandia Omsesidigt boosted its stake in shares of UDR by 87.3% during the 4th quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 1,435 shares of the real estate investment trust’s stock worth $55,000 after acquiring an additional 669 shares in the last quarter. Allworth Financial LP boosted its stake in shares of UDR by 20.1% during the 4th quarter. Allworth Financial LP now owns 1,943 shares of the real estate investment trust’s stock worth $74,000 after acquiring an additional 325 shares in the last quarter. Clearstead Advisors LLC purchased a new stake in shares of UDR during the 3rd quarter worth approximately $85,000. Finally, Cetera Trust Company N.A purchased a new stake in shares of UDR during the 4th quarter worth approximately $92,000. Hedge funds and other institutional investors own 97.84% of the company’s stock.

UDR Trading Down 0.2 %

UDR traded down $0.06 during trading on Friday, hitting $37.91. The company’s stock had a trading volume of 2,117,561 shares, compared to its average volume of 2,635,260. The firm’s 50 day moving average price is $36.73 and its 200-day moving average price is $35.96. The company has a debt-to-equity ratio of 1.47, a current ratio of 5.15 and a quick ratio of 5.15. The stock has a market cap of $12.48 billion, a PE ratio of 28.29, a PEG ratio of 3.04 and a beta of 0.80. UDR, Inc. has a twelve month low of $30.95 and a twelve month high of $44.02.

UDR Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 30th. Shareholders of record on Wednesday, April 10th will be issued a $0.425 dividend. The ex-dividend date is Tuesday, April 9th. This is an increase from UDR’s previous quarterly dividend of $0.42. This represents a $1.70 annualized dividend and a yield of 4.48%. UDR’s payout ratio is 126.87%.

Analysts Set New Price Targets

UDR has been the topic of several research analyst reports. The Goldman Sachs Group initiated coverage on UDR in a research note on Thursday, February 22nd. They set a “neutral” rating and a $39.00 price target on the stock. Truist Financial decreased their price target on UDR from $45.00 to $42.00 and set a “buy” rating on the stock in a research note on Tuesday, April 9th. Piper Sandler raised UDR from an “underweight” rating to a “neutral” rating and boosted their price target for the stock from $34.00 to $40.00 in a research note on Wednesday, April 10th. Deutsche Bank Aktiengesellschaft started coverage on UDR in a research note on Tuesday, January 30th. They set a “hold” rating and a $40.00 price target on the stock. Finally, Wells Fargo & Company upgraded UDR from an “equal weight” rating to an “overweight” rating and lifted their price objective for the stock from $34.00 to $39.00 in a research report on Monday, March 4th. Eleven analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to MarketBeat.com, UDR presently has an average rating of “Hold” and a consensus target price of $41.83.

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.