Livforsakringsbolaget Skandia Omsesidigt Buys 669 Shares of UDR, Inc. (NYSE:UDR)

Livforsakringsbolaget Skandia Omsesidigt raised its stake in UDR, Inc. (NYSE:UDR) by 87.3% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,435 shares of the real estate investment trust’s stock after acquiring an additional 669 shares during the quarter. Livforsakringsbolaget Skandia Omsesidigt’s holdings in UDR were worth $55,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in UDR. Norges Bank bought a new position in UDR in the 4th quarter valued at approximately $913,594,000. JPMorgan Chase & Co. raised its holdings in UDR by 30.1% in the 1st quarter. JPMorgan Chase & Co. now owns 13,691,188 shares of the real estate investment trust’s stock valued at $562,157,000 after buying an additional 3,164,948 shares during the last quarter. Vanguard Group Inc. raised its holdings in UDR by 4.9% in the 1st quarter. Vanguard Group Inc. now owns 50,627,965 shares of the real estate investment trust’s stock valued at $2,904,527,000 after buying an additional 2,353,851 shares during the last quarter. State Street Corp raised its holdings in UDR by 11.2% in the 1st quarter. State Street Corp now owns 22,969,937 shares of the real estate investment trust’s stock valued at $943,146,000 after buying an additional 2,321,585 shares during the last quarter. Finally, Long Pond Capital LP bought a new position in UDR in the 4th quarter valued at approximately $73,433,000. Institutional investors own 97.84% of the company’s stock.

UDR Stock Performance

Shares of UDR stock opened at $36.40 on Friday. The company has a market cap of $11.99 billion, a price-to-earnings ratio of 27.16, a price-to-earnings-growth ratio of 2.86 and a beta of 0.80. UDR, Inc. has a 52 week low of $30.95 and a 52 week high of $44.02. 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 $36.52 and a 200-day moving average of $35.90.

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 $0.425 dividend. This is a boost from UDR’s previous quarterly dividend of $0.42. This represents a $1.70 dividend on an annualized basis and a dividend yield of 4.67%. The ex-dividend date is Tuesday, April 9th. UDR’s dividend payout ratio (DPR) is currently 126.87%.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on the stock. Barclays lowered shares of UDR from an “overweight” rating to an “equal weight” rating and dropped their price objective for the company from $46.00 to $37.00 in a report on Tuesday, February 20th. Piper Sandler raised shares of UDR from an “underweight” rating to a “neutral” rating and increased their target price for the company from $34.00 to $40.00 in a research report on Wednesday, April 10th. Deutsche Bank Aktiengesellschaft started coverage on shares of UDR in a research report on Tuesday, January 30th. They set a “hold” rating and a $40.00 target price for the company. The Goldman Sachs Group started coverage on shares of UDR in a research report on Thursday, February 22nd. They set a “neutral” rating and a $39.00 target price for the company. Finally, Wells Fargo & Company raised shares of UDR from an “equal weight” rating to an “overweight” rating and increased their target price for the company from $34.00 to $39.00 in a research report on Monday, March 4th. Eleven investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $41.71.

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.