Raymond James Financial Services Advisors Inc. Has $201,000 Stock Position in UDR, Inc. (NYSE:UDR)

Raymond James Financial Services Advisors Inc. reduced its stake in UDR, Inc. (NYSE:UDR) by 7.2% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 5,256 shares of the real estate investment trust’s stock after selling 409 shares during the quarter. Raymond James Financial Services Advisors Inc.’s holdings in UDR were worth $201,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Exchange Traded Concepts LLC lifted its stake in shares of 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 worth $225,000 after acquiring an additional 299 shares during the period. Mackenzie Financial Corp lifted 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. Treasurer of the State of North Carolina lifted 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. Sumitomo Mitsui DS Asset Management Company Ltd lifted its stake in UDR by 0.8% in the third quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 74,024 shares of the real estate investment trust’s stock valued at $2,640,000 after buying an additional 616 shares during the period. Finally, Parkside Financial Bank & Trust lifted its stake in UDR by 225.7% in the third quarter. Parkside Financial Bank & Trust now owns 1,088 shares of the real estate investment trust’s stock valued at $39,000 after buying an additional 754 shares during the period. 97.84% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

UDR has been the topic of several recent analyst reports. Piper Sandler raised UDR from an “underweight” rating to a “neutral” rating and boosted their price target for the company from $34.00 to $40.00 in a research note on Wednesday, April 10th. Wells Fargo & Company raised UDR from an “equal weight” rating to an “overweight” rating and boosted their price target for the company from $34.00 to $39.00 in a research note on Monday, March 4th. Morgan Stanley reissued an “equal weight” rating and issued a $37.00 price target on shares of UDR in a research note on Monday, February 26th. The Goldman Sachs Group assumed coverage on UDR in a research report on Thursday, February 22nd. They set a “neutral” rating and a $39.00 target price on the stock. Finally, Mizuho lowered 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 equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $41.71.

UDR Trading Up 1.7 %

Shares of UDR stock opened at $37.89 on Thursday. The stock has a fifty day simple moving average of $36.66 and a 200 day simple moving average of $35.94. UDR, Inc. has a 12-month low of $30.95 and a 12-month high of $44.02. The company has a market capitalization of $12.48 billion, a P/E ratio of 28.28, a price-to-earnings-growth ratio of 2.96 and a beta of 0.80. 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 Increases Dividend

The firm also recently announced 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 is a positive change from UDR’s previous quarterly dividend of $0.42. This represents a $1.70 annualized dividend and a dividend yield of 4.49%. UDR’s dividend payout ratio (DPR) is currently 126.87%.

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.