UDR, Inc. (NYSE:UDR) Stock Holdings Lowered by Swiss National Bank

Swiss National Bank trimmed its position in shares of UDR, Inc. (NYSE:UDR) by 2.7% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 978,800 shares of the real estate investment trust’s stock after selling 27,100 shares during the period. Swiss National Bank’s holdings in UDR were worth $37,478,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in UDR. New York Life Investment Management LLC boosted its holdings in UDR by 68.7% during the fourth quarter. New York Life Investment Management LLC now owns 94,167 shares of the real estate investment trust’s stock worth $3,606,000 after buying an additional 38,335 shares in the last quarter. Victory Capital Management Inc. boosted its position in shares of UDR by 307.0% in the fourth quarter. Victory Capital Management Inc. now owns 100,750 shares of the real estate investment trust’s stock worth $3,858,000 after buying an additional 75,993 shares during the period. Van ECK Associates Corp grew its stake in UDR by 14.5% during the 4th quarter. Van ECK Associates Corp now owns 128,798 shares of the real estate investment trust’s stock valued at $4,932,000 after acquiring an additional 16,289 shares in the last quarter. PGGM Investments increased its holdings in shares of UDR by 44.9% in the 4th quarter. PGGM Investments now owns 2,324,664 shares of the real estate investment trust’s stock valued at $89,011,000 after purchasing an additional 720,423 shares during the period. Finally, Addison Advisors LLC increased its stake in UDR by 53.1% in the 4th quarter. Addison Advisors LLC now owns 1,731 shares of the real estate investment trust’s stock valued at $66,000 after buying an additional 600 shares during the period. Institutional investors own 97.84% of the company’s stock.

UDR Stock Performance

NYSE:UDR opened at $38.97 on Wednesday. The company has a current ratio of 6.61, a quick ratio of 6.61 and a debt-to-equity ratio of 1.49. The stock has a market cap of $12.83 billion, a P/E ratio of 28.24, a PEG ratio of 3.06 and a beta of 0.79. The stock has a 50 day simple moving average of $37.08 and a 200 day simple moving average of $36.07. 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 issued a dividend of $0.425 per share. The ex-dividend date of this dividend 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 4.36%. UDR’s dividend payout ratio (DPR) is currently 123.19%.

Analysts Set New Price Targets

Several equities analysts have recently commented on the stock. Wells Fargo & Company upgraded shares of UDR from an “equal weight” rating to an “overweight” rating and boosted their price target for the company from $34.00 to $39.00 in a report on Monday, March 4th. Mizuho cut their price objective on shares of UDR from $38.00 to $35.00 and set a “neutral” rating on the stock in a research report on Wednesday, February 28th. Barclays lowered shares of UDR from an “overweight” rating to an “equal weight” rating and dropped their price target for the stock from $46.00 to $37.00 in a research note on Tuesday, February 20th. Scotiabank cut UDR from a “sector outperform” rating to a “sector perform” rating and set a $39.00 price target for the company. in a research report on Wednesday, May 1st. Finally, The Goldman Sachs Group began coverage on shares of UDR in a report on Thursday, February 22nd. They set a “neutral” rating and a $39.00 price objective for the company. Twelve research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $41.72.

About UDR

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.