Van ECK Associates Corp Purchases 16,289 Shares of UDR, Inc. (NYSE:UDR)

Van ECK Associates Corp raised its position in UDR, Inc. (NYSE:UDR) by 14.5% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 128,798 shares of the real estate investment trust’s stock after purchasing an additional 16,289 shares during the period. Van ECK Associates Corp’s holdings in UDR were worth $4,932,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in UDR. Xponance Inc. boosted its stake in UDR by 4.8% during the third quarter. Xponance Inc. now owns 47,626 shares of the real estate investment trust’s stock valued at $1,699,000 after buying an additional 2,165 shares during the period. Forsta AP Fonden raised its holdings in shares of UDR by 10.4% in the 3rd quarter. Forsta AP Fonden now owns 63,600 shares of the real estate investment trust’s stock valued at $2,269,000 after acquiring an additional 6,000 shares in the last quarter. New York State Teachers Retirement System boosted its position in shares of UDR by 0.3% during the 3rd quarter. New York State Teachers Retirement System now owns 316,725 shares of the real estate investment trust’s stock valued at $11,298,000 after acquiring an additional 1,012 shares during the last quarter. Mackenzie Financial Corp grew its holdings in shares of UDR by 1.8% during the third quarter. Mackenzie Financial Corp now owns 30,386 shares of the real estate investment trust’s stock worth $1,058,000 after purchasing an additional 550 shares in the last quarter. Finally, Strs Ohio increased its position in shares of UDR by 23.3% in the third quarter. Strs Ohio now owns 477,293 shares of the real estate investment trust’s stock worth $17,025,000 after purchasing an additional 90,200 shares during the last quarter. 97.84% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on UDR shares. Morgan Stanley reissued an “equal weight” rating and issued a $37.00 price target on shares of UDR in a research note on Monday, February 26th. Truist Financial cut their target price on shares of UDR from $45.00 to $42.00 and set a “buy” rating for the company in a research report on Tuesday, April 9th. The Goldman Sachs Group initiated coverage on UDR in a research report on Thursday, February 22nd. They set a “neutral” rating and a $39.00 price target on the stock. Mizuho cut their price objective on UDR from $38.00 to $35.00 and set a “neutral” rating for the company in a report on Wednesday, February 28th. Finally, Scotiabank lowered UDR from a “sector outperform” rating to a “sector perform” rating and set a $39.00 price objective on the stock. in a research report on Wednesday. Twelve research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $41.44.

UDR Stock Up 1.8 %

NYSE UDR opened at $38.23 on Friday. The business’s 50-day moving average is $36.92 and its 200 day moving average is $36.02. The stock has a market capitalization of $12.59 billion, a PE ratio of 27.70, a PEG ratio of 3.06 and a beta of 0.79. The company has a debt-to-equity ratio of 1.49, a current ratio of 6.61 and a quick ratio of 5.15. UDR, Inc. has a 1 year low of $30.95 and a 1 year high of $44.02.

UDR Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, April 30th. Stockholders of record on Wednesday, April 10th were paid a dividend of $0.425 per share. The ex-dividend date was Tuesday, April 9th. This is a boost from UDR’s previous quarterly dividend of $0.42. This represents a $1.70 annualized dividend and a dividend yield of 4.45%. UDR’s payout ratio is 123.19%.

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.