UDR, Inc. (NYSE:UDR) Shares Sold by Atlantic Union Bankshares Corp

Atlantic Union Bankshares Corp trimmed its position in UDR, Inc. (NYSE:UDR) by 2.5% in the fourth quarter, HoldingsChannel.com reports. The firm owned 29,873 shares of the real estate investment trust’s stock after selling 768 shares during the quarter. Atlantic Union Bankshares Corp’s holdings in UDR were worth $1,144,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in the company. Raymond James & Associates lifted its position in UDR by 13.6% in the fourth quarter. Raymond James & Associates now owns 82,281 shares of the real estate investment trust’s stock worth $3,151,000 after purchasing an additional 9,842 shares during the period. SG Americas Securities LLC lifted its position in UDR by 41.1% in the fourth quarter. SG Americas Securities LLC now owns 70,685 shares of the real estate investment trust’s stock worth $2,707,000 after purchasing an additional 20,592 shares during the period. IFM Investors Pty Ltd increased its holdings in shares of UDR by 1.3% in the fourth quarter. IFM Investors Pty Ltd now owns 66,266 shares of the real estate investment trust’s stock valued at $2,537,000 after buying an additional 847 shares in the last quarter. Aurora Investment Managers LLC. increased its holdings in shares of UDR by 5.7% in the fourth quarter. Aurora Investment Managers LLC. now owns 59,412 shares of the real estate investment trust’s stock valued at $2,275,000 after buying an additional 3,230 shares in the last quarter. Finally, Pensionfund DSM Netherlands increased its holdings in shares of UDR by 11.0% in the fourth quarter. Pensionfund DSM Netherlands now owns 65,605 shares of the real estate investment trust’s stock valued at $2,512,000 after buying an additional 6,500 shares in the last quarter. 97.84% of the stock is currently owned by institutional investors and hedge funds.

UDR Stock Performance

Shares of UDR traded up $0.40 during trading hours on Friday, reaching $37.41. 3,007,630 shares of the company traded hands, compared to its average volume of 2,734,247. The stock’s fifty day moving average is $36.46 and its 200 day moving average is $35.94. The stock has a market cap of $12.32 billion, a P/E ratio of 27.92, a price-to-earnings-growth ratio of 2.96 and a beta of 0.80. The company has a debt-to-equity ratio of 1.47, a quick ratio of 5.15 and a current ratio of 5.15. UDR, Inc. has a 1-year low of $30.95 and a 1-year high of $44.02.

UDR Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 30th. Stockholders of record on Wednesday, April 10th will be given a dividend of $0.425 per share. The ex-dividend date is Tuesday, April 9th. This represents a $1.70 dividend on an annualized basis and a dividend yield of 4.54%. This is a positive change from UDR’s previous quarterly dividend of $0.42. UDR’s dividend payout ratio is currently 126.87%.

Analyst Upgrades and Downgrades

Several research firms have issued reports on UDR. Mizuho dropped their price target on UDR from $38.00 to $35.00 and set a “neutral” rating on the stock in a report on Wednesday, February 28th. KeyCorp dropped their price target on UDR from $48.00 to $45.00 and set an “overweight” rating on the stock in a report on Wednesday, December 13th. Morgan Stanley reaffirmed an “equal weight” rating and issued a $37.00 price target on shares of UDR in a report on Monday, February 26th. Wells Fargo & Company raised shares of UDR from an “equal weight” rating to an “overweight” rating and boosted their target price for the company from $34.00 to $39.00 in a research note on Monday, March 4th. Finally, Deutsche Bank Aktiengesellschaft initiated coverage on shares of UDR in a research note on Tuesday, January 30th. They set a “hold” rating and a $40.00 target price on the stock. One investment analyst has rated the stock with a sell rating, ten have given a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat.com, UDR has an average rating of “Hold” and an average target price of $41.76.

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.