UDR, Inc. (NYSE:UDR) Shares Sold by Atlantic Union Bankshares Corp

Atlantic Union Bankshares Corp cut its position in UDR, Inc. (NYSE:UDR) by 2.5% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 29,873 shares of the real estate investment trust’s stock after selling 768 shares during the quarter. Atlantic Union Bankshares Corp’s holdings in UDR were worth $1,144,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also modified their holdings of UDR. Private Advisor Group LLC grew its stake in shares of UDR by 4.8% in the first quarter. Private Advisor Group LLC now owns 10,150 shares of the real estate investment trust’s stock valued at $582,000 after buying an additional 461 shares in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS grew its stake in UDR by 9.7% during the 1st quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 40,015 shares of the real estate investment trust’s stock worth $2,296,000 after purchasing an additional 3,535 shares in the last quarter. Aviva PLC grew its stake in UDR by 68.5% during the 1st quarter. Aviva PLC now owns 72,356 shares of the real estate investment trust’s stock worth $4,151,000 after purchasing an additional 29,403 shares in the last quarter. Allianz Asset Management GmbH grew its stake in UDR by 0.6% during the 1st quarter. Allianz Asset Management GmbH now owns 465,509 shares of the real estate investment trust’s stock worth $26,706,000 after purchasing an additional 2,630 shares in the last quarter. Finally, Prudential PLC acquired a new position in UDR during the 1st quarter worth $369,000. 97.84% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research analysts recently commented on UDR shares. KeyCorp lowered their target price on UDR from $48.00 to $45.00 and set an “overweight” rating for the company in a research note on Wednesday, December 13th. The Goldman Sachs Group assumed coverage on UDR in a report on Thursday, February 22nd. They set a “neutral” rating and a $39.00 price target for the company. Wells Fargo & Company raised UDR from an “equal weight” rating to an “overweight” rating and lifted their price target for the stock from $34.00 to $39.00 in a report on Monday, March 4th. Mizuho decreased their price target on UDR from $38.00 to $35.00 and set a “neutral” rating for the company in a report on Wednesday, February 28th. Finally, Morgan Stanley reaffirmed an “equal weight” rating and set a $37.00 price target on shares of UDR in a report on Monday, February 26th. One analyst has rated the stock with a sell rating, ten have assigned a hold rating and six have given a buy rating to the company. According to MarketBeat, UDR currently has an average rating of “Hold” and an average target price of $41.76.

UDR Price Performance

Shares of UDR traded up $0.40 on Friday, reaching $37.41. The stock had a trading volume of 3,007,630 shares, compared to its average volume of 2,734,247. The firm has a market capitalization of $12.32 billion, a PE ratio of 27.92, a PEG ratio of 2.96 and a beta of 0.80. The company has a quick ratio of 5.15, a current ratio of 5.15 and a debt-to-equity ratio of 1.47. The firm has a 50-day moving average of $36.46 and a 200 day moving average of $35.94. UDR, Inc. has a twelve month low of $30.95 and a twelve month high of $44.02.

UDR Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, April 30th. Investors of record on Wednesday, April 10th will be issued a $0.425 dividend. The ex-dividend date is Tuesday, April 9th. This represents a $1.70 dividend on an annualized basis and a dividend yield of 4.54%. This is a boost from UDR’s previous quarterly dividend of $0.42. UDR’s dividend payout ratio is currently 126.87%.

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.