International Assets Investment Management LLC Purchases 36,376 Shares of UDR, Inc. (NYSE:UDR)

International Assets Investment Management LLC lifted its stake in UDR, Inc. (NYSE:UDR) by 3,730.9% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 37,351 shares of the real estate investment trust’s stock after purchasing an additional 36,376 shares during the quarter. International Assets Investment Management LLC’s holdings in UDR were worth $1,430,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also recently made changes to their positions in the stock. Cetera Investment Advisers lifted its holdings in shares of UDR by 3.5% during the 1st quarter. Cetera Investment Advisers now owns 6,529 shares of the real estate investment trust’s stock valued at $375,000 after buying an additional 218 shares during the period. Bessemer Group Inc. raised its holdings in UDR by 10.6% in the 4th quarter. Bessemer Group Inc. now owns 2,444 shares of the real estate investment trust’s stock worth $95,000 after purchasing an additional 234 shares during the period. Baird Financial Group Inc. increased its stake in UDR by 3.8% in the 1st quarter. Baird Financial Group Inc. now owns 6,525 shares of the real estate investment trust’s stock worth $374,000 after buying an additional 237 shares in the last quarter. Snowden Capital Advisors LLC increased its stake in UDR by 5.2% in the 1st quarter. Snowden Capital Advisors LLC now owns 5,455 shares of the real estate investment trust’s stock worth $224,000 after buying an additional 271 shares in the last quarter. Finally, Neuberger Berman Group LLC increased its stake in UDR by 3.6% in the 1st quarter. Neuberger Berman Group LLC now owns 8,374 shares of the real estate investment trust’s stock worth $480,000 after buying an additional 291 shares in the last quarter. 97.84% of the stock is owned by institutional investors.

UDR Trading Up 1.7 %

UDR opened at $36.40 on Monday. The firm has a market cap of $11.99 billion, a P/E ratio of 27.16, a P/E/G ratio of 2.91 and a beta of 0.80. UDR, Inc. has a 12 month low of $30.95 and a 12 month high of $44.02. The company has a current ratio of 5.15, a quick ratio of 5.15 and a debt-to-equity ratio of 1.47. The stock has a 50-day moving average of $36.52 and a 200 day moving average of $35.91.

UDR Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 30th. Shareholders of record on Wednesday, April 10th will be paid a $0.425 dividend. The ex-dividend date is Tuesday, April 9th. This represents a $1.70 annualized dividend and a yield of 4.67%. This is an increase from UDR’s previous quarterly dividend of $0.42. UDR’s dividend payout ratio (DPR) is presently 126.87%.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on the company. Wells Fargo & Company upgraded UDR from an “equal weight” rating to an “overweight” rating and increased their price target for the stock from $34.00 to $39.00 in a research note on Monday, March 4th. Piper Sandler upgraded UDR from an “underweight” rating to a “neutral” rating and increased their price target for the stock from $34.00 to $40.00 in a research note on Wednesday, April 10th. Mizuho cut their price target on UDR from $38.00 to $35.00 and set a “neutral” rating for the company in a research note on Wednesday, February 28th. Deutsche Bank Aktiengesellschaft assumed coverage on UDR in a research report on Tuesday, January 30th. They set a “hold” rating and a $40.00 price objective for the company. Finally, Barclays lowered UDR from an “overweight” rating to an “equal weight” rating and cut their price objective for the company from $46.00 to $37.00 in a research report on Tuesday, February 20th. Eleven investment analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $41.71.

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.