Clearstead Trust LLC Sells 364 Shares of UDR, Inc. (NYSE:UDR)

Clearstead Trust LLC lowered its position in shares of UDR, Inc. (NYSE:UDR) by 15.3% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 2,013 shares of the real estate investment trust’s stock after selling 364 shares during the quarter. Clearstead Trust LLC’s holdings in UDR were worth $77,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in the company. Parkside Financial Bank & Trust lifted its position in UDR by 225.7% during 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 purchasing an additional 754 shares during the period. Livforsakringsbolaget Skandia Omsesidigt grew its holdings in UDR by 87.3% during the 4th quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 1,435 shares of the real estate investment trust’s stock worth $55,000 after acquiring an additional 669 shares during the period. Addison Advisors LLC raised its position in shares of UDR by 53.1% during the 4th quarter. Addison Advisors LLC now owns 1,731 shares of the real estate investment trust’s stock valued at $66,000 after acquiring an additional 600 shares during the last quarter. Allworth Financial LP boosted its position 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 worth $74,000 after purchasing an additional 325 shares during the last quarter. Finally, Clearstead Advisors LLC acquired a new stake in shares of UDR during the third quarter worth $85,000. Institutional investors and hedge funds own 97.84% of the company’s stock.

UDR Price Performance

Shares of UDR stock traded up $0.66 during trading on Friday, reaching $38.23. 2,867,237 shares of the company’s stock were exchanged, compared to its average volume of 3,191,106. The company has a market cap of $12.59 billion, a P/E ratio of 27.70, a PEG ratio of 3.06 and a beta of 0.79. The company has a debt-to-equity ratio of 1.49, a quick ratio of 5.15 and a current ratio of 6.61. UDR, Inc. has a 1-year low of $30.95 and a 1-year high of $44.02. The firm’s 50-day moving average price is $36.92 and its 200 day moving average price is $36.02.

UDR Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, April 30th. Stockholders of record on Wednesday, April 10th were issued a dividend of $0.425 per share. The ex-dividend date of this dividend was Tuesday, April 9th. This is an increase from UDR’s previous quarterly dividend of $0.42. This represents a $1.70 annualized dividend and a dividend yield of 4.45%. UDR’s dividend payout ratio is 123.19%.

Analysts Set New Price Targets

A number of brokerages have issued reports on UDR. Mizuho reduced their target price on UDR from $38.00 to $35.00 and set a “neutral” rating on the stock in a report on Wednesday, February 28th. The Goldman Sachs Group started coverage on shares of UDR in a research report on Thursday, February 22nd. They set a “neutral” rating and a $39.00 price target on the stock. Deutsche Bank Aktiengesellschaft began coverage on shares of UDR in a research report on Tuesday, January 30th. They issued a “hold” rating and a $40.00 price objective for the company. Piper Sandler upgraded UDR from an “underweight” rating to a “neutral” rating and lifted their target price for the stock from $34.00 to $40.00 in a report on Wednesday, April 10th. Finally, Truist Financial lowered their price target on UDR from $45.00 to $42.00 and set a “buy” rating for the company in a report on Tuesday, April 9th. Twelve analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to MarketBeat, UDR has an average rating of “Hold” and a consensus target price of $41.44.

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.