Sumitomo Mitsui DS Asset Management Company Ltd Boosts Stock Position in UDR, Inc. (NYSE:UDR)

Sumitomo Mitsui DS Asset Management Company Ltd boosted its holdings in UDR, Inc. (NYSE:UDR) by 9.1% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 80,745 shares of the real estate investment trust’s stock after buying an additional 6,721 shares during the quarter. Sumitomo Mitsui DS Asset Management Company Ltd’s holdings in UDR were worth $3,092,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of UDR. SG Americas Securities LLC increased its holdings in UDR by 3.9% in the third quarter. SG Americas Securities LLC now owns 50,093 shares of the real estate investment trust’s stock valued at $1,787,000 after buying an additional 1,860 shares during the last quarter. Exchange Traded Concepts LLC increased its holdings in UDR by 5.0% in the third quarter. Exchange Traded Concepts LLC now owns 6,302 shares of the real estate investment trust’s stock valued at $225,000 after buying an additional 299 shares during the last quarter. Oak Thistle LLC purchased a new position in UDR in the third quarter valued at $1,300,000. Czech National Bank increased its holdings in UDR by 44.6% in the third quarter. Czech National Bank now owns 52,979 shares of the real estate investment trust’s stock valued at $1,890,000 after buying an additional 16,342 shares during the last quarter. Finally, Handelsbanken Fonder AB increased its holdings in UDR by 3.4% in the third quarter. Handelsbanken Fonder AB now owns 180,867 shares of the real estate investment trust’s stock valued at $6,452,000 after buying an additional 5,937 shares during the last quarter. Hedge funds and other institutional investors own 97.84% of the company’s stock.

UDR Price Performance

Shares of UDR opened at $37.26 on Wednesday. The company has a debt-to-equity ratio of 1.47, a quick ratio of 5.15 and a current ratio of 5.15. The company has a market capitalization of $12.27 billion, a price-to-earnings ratio of 27.81, a price-to-earnings-growth ratio of 2.96 and a beta of 0.80. UDR, Inc. has a fifty-two week low of $30.95 and a fifty-two week high of $44.02. The firm has a 50-day simple moving average of $36.60 and a 200-day simple moving average of $35.93.

UDR Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 30th. Investors of record on Wednesday, April 10th will be given a $0.425 dividend. 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 (DPR) is presently 126.87%.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on the stock. Piper Sandler upgraded shares of 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. Wells Fargo & Company upgraded shares of UDR from an “equal weight” rating to an “overweight” rating and upped their price objective for the company from $34.00 to $39.00 in a research note on Monday, March 4th. Mizuho decreased their price objective on shares of UDR from $38.00 to $35.00 and set a “neutral” rating for the company in a research note on Wednesday, February 28th. Morgan Stanley restated an “equal weight” rating and issued a $37.00 price objective on shares of UDR in a research note on Monday, February 26th. Finally, Deutsche Bank Aktiengesellschaft assumed coverage on shares of UDR in a research note on Tuesday, January 30th. They issued a “hold” rating and a $40.00 price objective for the company. Eleven equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Hold” and an average price target 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.