Inspire Investing LLC Decreases Stake in UDR, Inc. (NYSE:UDR)

Inspire Investing LLC decreased its position in UDR, Inc. (NYSE:UDR) by 1.8% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund 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.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in UDR. American Century Companies Inc. increased its stake in UDR by 9.1% in the 2nd quarter. American Century Companies Inc. now owns 107,940 shares of the real estate investment trust’s stock valued at $4,442,000 after buying an additional 9,038 shares during the last quarter. Envestnet Asset Management Inc. increased its stake in UDR by 77.0% in the 2nd quarter. Envestnet Asset Management Inc. now owns 185,559 shares of the real estate investment trust’s stock valued at $7,636,000 after buying an additional 80,706 shares during the last quarter. Intech Investment Management LLC increased its stake in UDR by 86.8% in the 2nd quarter. Intech Investment Management LLC now owns 10,620 shares of the real estate investment trust’s stock valued at $437,000 after buying an additional 4,935 shares during the last quarter. Pacer Advisors Inc. increased its stake in UDR by 4.8% in the 2nd quarter. Pacer Advisors Inc. now owns 21,589 shares of the real estate investment trust’s stock valued at $888,000 after buying an additional 986 shares during the last quarter. Finally, ProShare Advisors LLC increased its stake in UDR by 108.4% in the 2nd quarter. ProShare Advisors LLC now owns 154,128 shares of the real estate investment trust’s stock valued at $6,342,000 after buying an additional 80,157 shares during the last quarter. Hedge funds and other institutional investors own 97.84% of the company’s stock.

UDR Stock Down 2.0 %

Shares of NYSE:UDR opened at $40.49 on Thursday. The firm has a fifty day moving average price of $43.51 and a two-hundred day moving average price of $43.40. 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 one year low of $34.19 and a one year high of $47.55. The company has a market cap of $13.36 billion, a price-to-earnings ratio of 109.42, a PEG ratio of 11.25 and a beta of 0.89.

UDR Announces Dividend

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

Analysts Set New Price Targets

A number of research analysts have recently weighed in on the stock. Jefferies Financial Group downgraded shares of UDR from a “buy” rating to a “hold” rating and reduced their target price for the company from $50.00 to $45.00 in a research report on Thursday, January 2nd. Scotiabank reduced their target price on shares of UDR from $49.00 to $48.00 and set a “sector perform” rating for the company in a research report on Thursday, November 14th. StockNews.com downgraded shares of UDR from a “hold” rating to a “sell” rating in a research report on Thursday, January 2nd. Royal Bank of Canada reduced their target price on shares of UDR from $46.00 to $45.00 and set a “sector perform” rating for the company in a research report on Tuesday, November 5th. Finally, Barclays assumed coverage on shares of UDR in a research report on Tuesday, December 17th. They set an “overweight” rating and a $50.00 target price for the company. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $46.35.

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.