Catalytic Wealth RIA LLC Purchases 1,864 Shares of UDR, Inc. (NYSE:UDR)

Catalytic Wealth RIA LLC boosted its position in shares of UDR, Inc. (NYSE:UDR) by 33.1% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 7,493 shares of the real estate investment trust’s stock after acquiring an additional 1,864 shares during the quarter. Catalytic Wealth RIA LLC’s holdings in UDR were worth $340,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in UDR. Capital Research Global Investors bought a new position in shares of UDR during the first quarter valued at approximately $176,137,000. Millennium Management LLC increased its stake in UDR by 115.3% in the second quarter. Millennium Management LLC now owns 3,499,150 shares of the real estate investment trust’s stock worth $143,990,000 after purchasing an additional 1,874,096 shares during the period. Centersquare Investment Management LLC lifted its position in shares of UDR by 17.7% during the first quarter. Centersquare Investment Management LLC now owns 9,550,638 shares of the real estate investment trust’s stock worth $363,688,000 after purchasing an additional 1,433,463 shares during the last quarter. PGGM Investments boosted its stake in shares of UDR by 38.2% during the first quarter. PGGM Investments now owns 3,211,724 shares of the real estate investment trust’s stock valued at $120,151,000 after purchasing an additional 887,060 shares during the period. Finally, Lasalle Investment Management Securities LLC grew its holdings in shares of UDR by 64.6% in the first quarter. Lasalle Investment Management Securities LLC now owns 1,447,425 shares of the real estate investment trust’s stock worth $54,148,000 after purchasing an additional 567,878 shares during the last quarter. 97.84% of the stock is owned by hedge funds and other institutional investors.

UDR Stock Up 0.4 %

Shares of NYSE:UDR opened at $44.65 on Tuesday. The company has a quick ratio of 5.91, a current ratio of 5.91 and a debt-to-equity ratio of 1.69. UDR, Inc. has a 52-week low of $31.94 and a 52-week high of $47.55. The stock has a market cap of $14.73 billion, a P/E ratio of 121.57, a PEG ratio of 9.72 and a beta of 0.85. The business has a fifty day moving average of $44.62 and a two-hundred day moving average of $41.90.

UDR Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, October 31st. Shareholders of record on Thursday, October 10th were given a dividend of $0.425 per share. The ex-dividend date of this dividend was Thursday, October 10th. This represents a $1.70 dividend on an annualized basis and a yield of 3.81%. UDR’s dividend payout ratio (DPR) is 459.46%.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on UDR shares. Piper Sandler upped their target price on shares of UDR from $40.00 to $46.00 and gave the stock a “neutral” rating in a research note on Monday, August 26th. Scotiabank upped their target price on UDR from $45.00 to $49.00 and gave the stock a “sector perform” rating in a report on Monday, September 16th. StockNews.com lowered UDR from a “hold” rating to a “sell” rating in a research note on Wednesday, November 6th. Truist Financial raised their target price on shares of UDR from $44.00 to $47.00 and gave the company a “buy” rating in a research report on Monday, August 26th. Finally, UBS Group lifted their price objective on shares of UDR from $48.00 to $52.00 and gave the company a “buy” rating in a report on Thursday, September 12th. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $45.24.

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.