UDR, Inc. (NYSE:UDR) Shares Acquired by PGGM Investments

PGGM Investments increased its position in shares of UDR, Inc. (NYSE:UDR) by 44.9% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,324,664 shares of the real estate investment trust’s stock after purchasing an additional 720,423 shares during the quarter. UDR accounts for approximately 1.4% of PGGM Investments’ investment portfolio, making the stock its 19th largest holding. PGGM Investments’ holdings in UDR were worth $89,011,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. SG Americas Securities LLC increased its position in shares of UDR by 3.9% in the third quarter. SG Americas Securities LLC now owns 50,093 shares of the real estate investment trust’s stock valued at $1,787,000 after buying an additional 1,860 shares in the last quarter. Exchange Traded Concepts LLC increased its position in shares of UDR by 5.0% during the third quarter. Exchange Traded Concepts LLC now owns 6,302 shares of the real estate investment trust’s stock worth $225,000 after purchasing an additional 299 shares in the last quarter. Czech National Bank increased its position in shares of UDR by 44.6% during the third quarter. Czech National Bank now owns 52,979 shares of the real estate investment trust’s stock worth $1,890,000 after purchasing an additional 16,342 shares in the last quarter. Handelsbanken Fonder AB increased its position in shares of UDR by 3.4% during the third quarter. Handelsbanken Fonder AB now owns 180,867 shares of the real estate investment trust’s stock worth $6,452,000 after purchasing an additional 5,937 shares in the last quarter. Finally, Fjarde AP Fonden Fourth Swedish National Pension Fund increased its position in shares of UDR by 15.4% during the third quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 101,205 shares of the real estate investment trust’s stock worth $3,610,000 after purchasing an additional 13,500 shares in the last quarter. Institutional investors and hedge funds own 97.84% of the company’s stock.

UDR Stock Performance

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

UDR Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 30th. Shareholders of record on Wednesday, April 10th will be given a dividend of $0.425 per share. This represents a $1.70 dividend on an annualized basis and a yield of 4.48%. This is a boost from UDR’s previous quarterly dividend of $0.42. The ex-dividend date of this dividend is Tuesday, April 9th. UDR’s dividend payout ratio (DPR) is presently 126.87%.

Analysts Set New Price Targets

Several brokerages recently commented on UDR. Truist Financial dropped their price target on UDR from $45.00 to $42.00 and set a “buy” rating for the company in a research report on Tuesday, April 9th. UBS Group upgraded UDR from a “neutral” rating to a “buy” rating and boosted their price target for the stock from $38.00 to $44.00 in a research report on Thursday. Piper Sandler raised UDR from an “underweight” rating to a “neutral” rating and boosted their price objective for the stock from $34.00 to $40.00 in a research note on Wednesday, April 10th. Morgan Stanley reissued an “equal weight” rating and set a $37.00 price objective on shares of UDR in a research note on Monday, February 26th. Finally, Wells Fargo & Company raised UDR from an “equal weight” rating to an “overweight” rating and boosted their price objective for the stock from $34.00 to $39.00 in a research note on Monday, March 4th. Eleven research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $41.83.

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.