Aew Capital Management L P Grows Stock Holdings in UDR, Inc. (NYSE:UDR)

Aew Capital Management L P lifted its position in shares of UDR, Inc. (NYSE:UDR) by 0.3% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 2,601,811 shares of the real estate investment trust’s stock after purchasing an additional 6,507 shares during the period. UDR accounts for about 3.6% of Aew Capital Management L P’s holdings, making the stock its 8th biggest position. Aew Capital Management L P owned approximately 0.79% of UDR worth $99,623,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. Parkside Financial Bank & Trust lifted its position in shares of UDR by 225.7% during the third 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 lifted its position in shares of UDR by 87.3% during the fourth quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 1,435 shares of the real estate investment trust’s stock valued at $55,000 after purchasing an additional 669 shares in the last quarter. Allworth Financial LP lifted its position in shares of UDR by 20.1% during the fourth quarter. Allworth Financial LP now owns 1,943 shares of the real estate investment trust’s stock valued at $74,000 after purchasing an additional 325 shares in the last quarter. Clearstead Advisors LLC bought a new position in shares of UDR during the third quarter valued at about $85,000. Finally, Cetera Trust Company N.A bought a new position in shares of UDR during the fourth quarter valued at about $92,000. 97.84% of the stock is owned by institutional investors.

UDR Price Performance

UDR stock traded down $0.06 during midday trading on Friday, reaching $37.91. 2,061,772 shares of the stock were exchanged, compared to its average volume of 2,946,654. The company’s fifty day moving average is $36.73 and its 200-day moving average is $35.96. The company has a debt-to-equity ratio of 1.47, a quick ratio of 5.15 and a current ratio of 5.15. The firm has a market cap of $12.48 billion, a PE ratio of 28.29, a PEG ratio of 3.03 and a beta of 0.80. UDR, Inc. has a 52 week low of $30.95 and a 52 week high of $44.02.

UDR Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 30th. Investors of record on Wednesday, April 10th will be issued a dividend of $0.425 per share. This represents a $1.70 dividend on an annualized basis and a yield of 4.48%. The ex-dividend date of this dividend is Tuesday, April 9th. This is a positive change from UDR’s previous quarterly dividend of $0.42. UDR’s dividend payout ratio is 126.87%.

Analyst Ratings Changes

UDR has been the topic of several research reports. Wells Fargo & Company raised shares of 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. UBS Group raised shares of UDR from a “neutral” rating to a “buy” rating and lifted their price objective for the stock from $38.00 to $44.00 in a research report on Thursday. Morgan Stanley reaffirmed an “equal weight” rating and issued a $37.00 price objective on shares of UDR in a research report on Monday, February 26th. Truist Financial lowered their price objective on shares of UDR from $45.00 to $42.00 and set a “buy” rating on the stock in a research report on Tuesday, April 9th. Finally, Piper Sandler raised shares of UDR from an “underweight” rating to a “neutral” rating and lifted their price objective for the stock from $34.00 to $40.00 in a research report on Wednesday, April 10th. Eleven research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average price target of $41.83.

UDR Company 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.