Handelsbanken Fonder AB Grows Position in UDR, Inc. (NYSE:UDR)

Handelsbanken Fonder AB grew its holdings in UDR, Inc. (NYSE:UDR) by 4.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 188,791 shares of the real estate investment trust’s stock after acquiring an additional 7,924 shares during the period. Handelsbanken Fonder AB’s holdings in UDR were worth $7,229,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. Parkside Financial Bank & Trust boosted its holdings in shares of UDR by 225.7% in the 3rd quarter. Parkside Financial Bank & Trust now owns 1,088 shares of the real estate investment trust’s stock valued at $39,000 after acquiring an additional 754 shares during the last quarter. Livforsakringsbolaget Skandia Omsesidigt boosted its holdings in shares of UDR by 87.3% in the 4th quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 1,435 shares of the real estate investment trust’s stock valued at $55,000 after acquiring an additional 669 shares during the last quarter. Allworth Financial LP boosted its holdings in shares of UDR by 20.1% in the 4th quarter. Allworth Financial LP now owns 1,943 shares of the real estate investment trust’s stock valued at $74,000 after acquiring an additional 325 shares during the last quarter. Clearstead Advisors LLC purchased a new stake in shares of UDR in the 3rd quarter valued at $85,000. Finally, V Square Quantitative Management LLC purchased a new stake in shares of UDR in the 3rd quarter valued at $179,000. 97.84% of the stock is owned by hedge funds and other institutional investors.

UDR Trading Up 1.7 %

Shares of UDR opened at $37.89 on Thursday. The company has a current ratio of 5.15, a quick ratio of 5.15 and a debt-to-equity ratio of 1.47. UDR, Inc. has a 12-month low of $30.95 and a 12-month high of $44.02. The firm has a 50-day moving average price of $36.66 and a 200 day moving average price of $35.94. The firm has a market capitalization of $12.48 billion, a P/E ratio of 28.28, a P/E/G ratio of 2.98 and a beta of 0.80.

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 issued 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 dividend yield of 4.49%. This is a positive change from UDR’s previous quarterly dividend of $0.42. UDR’s dividend payout ratio is currently 126.87%.

Analyst Ratings Changes

Several research firms have recently commented on UDR. Wells Fargo & Company raised 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 report on Monday, March 4th. 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 target on the stock. Piper Sandler raised shares of 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 report on Wednesday, April 10th. Mizuho lowered their price target on shares of UDR from $38.00 to $35.00 and set a “neutral” rating on the stock in a report on Wednesday, February 28th. Finally, Morgan Stanley reissued an “equal weight” rating and set a $37.00 price target on shares of UDR in a report on Monday, February 26th. Eleven analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Hold” and an average 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.