Xponance Inc. Sells 5,064 Shares of UDR, Inc. (NYSE:UDR)

Xponance Inc. lessened its stake in shares of UDR, Inc. (NYSE:UDR) by 10.6% during the 4th quarter, HoldingsChannel.com reports. The fund owned 42,562 shares of the real estate investment trust’s stock after selling 5,064 shares during the period. Xponance Inc.’s holdings in UDR were worth $1,630,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Exchange Traded Concepts LLC raised its holdings in UDR by 5.0% during the third quarter. Exchange Traded Concepts LLC now owns 6,302 shares of the real estate investment trust’s stock worth $225,000 after acquiring an additional 299 shares in the last quarter. Cerity Partners LLC raised its stake in UDR by 0.3% in the fourth quarter. Cerity Partners LLC now owns 102,605 shares of the real estate investment trust’s stock valued at $3,929,000 after buying an additional 313 shares during the period. Allworth Financial LP raised its stake in UDR by 20.1% in the fourth quarter. Allworth Financial LP now owns 1,943 shares of the real estate investment trust’s stock valued at $74,000 after buying an additional 325 shares during the period. Mackenzie Financial Corp raised its stake in UDR by 1.8% in the third quarter. Mackenzie Financial Corp now owns 30,386 shares of the real estate investment trust’s stock valued at $1,058,000 after buying an additional 550 shares during the period. Finally, Treasurer of the State of North Carolina raised its stake in UDR by 0.4% in the third quarter. Treasurer of the State of North Carolina now owns 148,286 shares of the real estate investment trust’s stock valued at $5,289,000 after buying an additional 550 shares during the period. Institutional investors own 97.84% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the company. Deutsche Bank Aktiengesellschaft assumed coverage on UDR in a research note on Tuesday, January 30th. They issued a “hold” rating and a $40.00 price objective on the stock. Truist Financial dropped their price objective on UDR from $45.00 to $42.00 and set a “buy” rating on the stock in a research note on Tuesday, April 9th. The Goldman Sachs Group assumed coverage on UDR in a research note on Thursday, February 22nd. They issued a “neutral” rating and a $39.00 price objective on the stock. Piper Sandler upgraded UDR from an “underweight” rating to a “neutral” rating and upped their price objective for the company from $34.00 to $40.00 in a research note on Wednesday, April 10th. Finally, Mizuho decreased their target price on UDR from $38.00 to $35.00 and set a “neutral” rating on the stock in a research report on Wednesday, February 28th. Eleven analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to data from MarketBeat.com, UDR currently has an average rating of “Hold” and an average price target of $41.71.

UDR Trading Up 0.7 %

Shares of NYSE:UDR opened at $37.26 on Wednesday. The company has a market capitalization of $12.27 billion, a P/E ratio of 27.81, a P/E/G ratio of 2.96 and a beta of 0.80. UDR, Inc. has a 1 year low of $30.95 and a 1 year high of $44.02. The company has a debt-to-equity ratio of 1.47, a current ratio of 5.15 and a quick ratio of 5.15. The business’s 50 day simple moving average is $36.60 and its 200 day simple moving average is $35.93.

UDR Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 30th. Investors of record on Wednesday, April 10th will be given a dividend of $0.425 per share. The ex-dividend date of this dividend is Tuesday, April 9th. This represents a $1.70 dividend on an annualized basis and a yield of 4.56%. This is an increase from UDR’s previous quarterly dividend of $0.42. UDR’s dividend payout ratio is currently 126.87%.

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.