Oak Thistle LLC Makes New $559,000 Investment in UDR, Inc. (NYSE:UDR)

Oak Thistle LLC acquired a new stake in shares of UDR, Inc. (NYSE:UDR) in the fourth quarter, HoldingsChannel.com reports. The fund acquired 12,884 shares of the real estate investment trust’s stock, valued at approximately $559,000.

Several other institutional investors and hedge funds have also recently made changes to their positions in UDR. CWM LLC boosted its position in UDR by 10.0% during the 3rd quarter. CWM LLC now owns 3,802 shares of the real estate investment trust’s stock valued at $172,000 after buying an additional 347 shares during the period. Empowered Funds LLC boosted its holdings in shares of UDR by 7.1% during the third quarter. Empowered Funds LLC now owns 5,246 shares of the real estate investment trust’s stock worth $238,000 after purchasing an additional 350 shares during the period. Mather Group LLC. grew its stake in shares of UDR by 58.2% in the third quarter. Mather Group LLC. now owns 998 shares of the real estate investment trust’s stock worth $45,000 after purchasing an additional 367 shares during the last quarter. Truist Financial Corp increased its holdings in UDR by 0.6% during the 2nd quarter. Truist Financial Corp now owns 66,673 shares of the real estate investment trust’s stock valued at $2,744,000 after purchasing an additional 414 shares during the period. Finally, TCV Trust & Wealth Management Inc. lifted its holdings in UDR by 8.2% in the 3rd quarter. TCV Trust & Wealth Management Inc. now owns 5,589 shares of the real estate investment trust’s stock worth $253,000 after buying an additional 424 shares during the period. Institutional investors own 97.84% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on the company. Jefferies Financial Group cut UDR from a “buy” rating to a “hold” rating and reduced their target price for the company from $50.00 to $45.00 in a research note on Thursday, January 2nd. Mizuho decreased their price objective on shares of UDR from $47.00 to $45.00 and set a “neutral” rating for the company in a report on Monday, January 6th. Scotiabank dropped their target price on shares of UDR from $49.00 to $48.00 and set a “sector perform” rating for the company in a research report on Thursday, November 14th. Barclays initiated coverage on shares of UDR in a research report on Tuesday, December 17th. They set an “overweight” rating and a $50.00 price target on the stock. Finally, StockNews.com cut UDR from a “hold” rating to a “sell” rating in a research report on Thursday, January 2nd. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating and eight have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $46.35.

UDR Stock Performance

Shares of UDR stock opened at $41.42 on Friday. The company has a market capitalization of $13.67 billion, a price-to-earnings ratio of 111.94, a price-to-earnings-growth ratio of 10.92 and a beta of 0.89. The company has a debt-to-equity ratio of 1.69, a quick ratio of 5.91 and a current ratio of 5.91. UDR, Inc. has a one year low of $34.19 and a one year high of $47.55. The company’s 50-day moving average is $43.79 and its 200 day moving average is $43.38.

UDR Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, January 31st. Stockholders of record on Thursday, January 9th will be issued a dividend of $0.425 per share. This represents a $1.70 dividend on an annualized basis and a dividend yield of 4.10%. The ex-dividend date is Friday, January 10th. UDR’s payout ratio is 459.47%.

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.