Empowered Funds LLC Raises Position in UDR, Inc. (NYSE:UDR)

Empowered Funds LLC grew its position in shares of UDR, Inc. (NYSE:UDR) by 7.1% during the third quarter, according to its most recent filing with the SEC. The firm owned 5,246 shares of the real estate investment trust’s stock after acquiring an additional 350 shares during the period. Empowered Funds LLC’s holdings in UDR were worth $238,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in UDR. Family Firm Inc. bought a new position in shares of UDR in the 2nd quarter worth about $26,000. UMB Bank n.a. bought a new position in shares of UDR during the second quarter valued at approximately $33,000. Rothschild Investment LLC purchased a new position in shares of UDR during the second quarter valued at approximately $35,000. Quest Partners LLC bought a new stake in shares of UDR in the 2nd quarter worth approximately $37,000. Finally, International Assets Investment Management LLC purchased a new stake in shares of UDR in the 2nd quarter worth approximately $40,000. Institutional investors own 97.84% of the company’s stock.

UDR Trading Up 0.8 %

NYSE:UDR opened at $45.94 on Wednesday. The company has a market cap of $15.16 billion, a PE ratio of 124.17, a price-to-earnings-growth ratio of 12.51 and a beta of 0.85. The company has a current ratio of 5.91, a quick ratio of 5.91 and a debt-to-equity ratio of 1.69. The company has a 50 day simple moving average of $44.46 and a two-hundred day simple moving average of $42.45. UDR, Inc. has a 12 month low of $32.85 and a 12 month high of $47.55.

UDR Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, October 31st. Investors of record on Thursday, October 10th were issued a $0.425 dividend. This represents a $1.70 annualized dividend and a dividend yield of 3.70%. The ex-dividend date was Thursday, October 10th. UDR’s payout ratio is currently 459.47%.

Analyst Ratings Changes

A number of research analysts have issued reports on UDR shares. Truist Financial lifted their price objective on UDR from $44.00 to $47.00 and gave the company a “buy” rating in a research note on Monday, August 26th. StockNews.com lowered UDR from a “hold” rating to a “sell” rating in a research report on Tuesday, November 19th. Deutsche Bank Aktiengesellschaft upped their price target on shares of UDR from $40.00 to $44.00 and gave the stock a “hold” rating in a research note on Tuesday, September 10th. JPMorgan Chase & Co. raised their price objective on shares of UDR from $43.00 to $50.00 and gave the company an “overweight” rating in a research note on Monday, September 16th. Finally, Wells Fargo & Company upped their target price on shares of UDR from $41.00 to $48.00 and gave the stock an “overweight” rating in a research note on Monday, August 26th. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $45.18.

UDR Company 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.