Inspire Investing LLC Has $2.47 Million Holdings in UDR, Inc. (NYSE:UDR)

Inspire Investing LLC lessened its holdings in shares of UDR, Inc. (NYSE:UDR) by 1.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 56,872 shares of the real estate investment trust’s stock after selling 1,020 shares during the period. Inspire Investing LLC’s holdings in UDR were worth $2,469,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently modified their holdings of the business. CWM LLC lifted its holdings in shares of UDR by 10.0% during the third quarter. CWM LLC now owns 3,802 shares of the real estate investment trust’s stock worth $172,000 after purchasing an additional 347 shares during the period. Empowered Funds LLC lifted 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. lifted its holdings in shares of UDR by 58.2% during 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 period. Truist Financial Corp lifted its holdings in shares of UDR by 0.6% during the second quarter. Truist Financial Corp now owns 66,673 shares of the real estate investment trust’s stock worth $2,744,000 after purchasing an additional 414 shares during the period. Finally, TCV Trust & Wealth Management Inc. lifted its holdings in shares of UDR by 8.2% during the third quarter. TCV Trust & Wealth Management Inc. now owns 5,589 shares of the real estate investment trust’s stock worth $253,000 after purchasing an additional 424 shares during the period. Institutional investors and hedge funds own 97.84% of the company’s stock.

UDR Trading Down 2.0 %

UDR opened at $40.49 on Thursday. The company has a debt-to-equity ratio of 1.69, a current ratio of 5.91 and a quick ratio of 5.91. UDR, Inc. has a fifty-two week low of $34.19 and a fifty-two week high of $47.55. The firm has a market capitalization of $13.36 billion, a PE ratio of 109.42, a P/E/G ratio of 11.25 and a beta of 0.89. The company’s 50-day moving average is $43.51 and its 200 day moving average is $43.40.

UDR Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, January 31st. Investors of record on Thursday, January 9th will be issued a $0.425 dividend. The ex-dividend date is Friday, January 10th. This represents a $1.70 dividend on an annualized basis and a dividend yield of 4.20%. UDR’s dividend payout ratio is presently 459.47%.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on the stock. StockNews.com lowered shares of UDR from a “hold” rating to a “sell” rating in a report on Thursday, January 2nd. Scotiabank cut their price target on shares of UDR from $49.00 to $48.00 and set a “sector perform” rating on the stock in a research report on Thursday, November 14th. Mizuho cut their price target on shares of UDR from $47.00 to $45.00 and set a “neutral” rating on the stock in a research report on Monday, January 6th. Barclays began 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, Jefferies Financial Group cut shares of UDR from a “buy” rating to a “hold” rating and cut their price target for the company from $50.00 to $45.00 in a research report on Thursday, January 2nd. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and eight have given a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $46.35.

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.