Baker Ellis Asset Management LLC Buys 3,500 Shares of UDR, Inc. (NYSE:UDR)

Baker Ellis Asset Management LLC lifted its holdings in UDR, Inc. (NYSE:UDR) by 77.4% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 8,020 shares of the real estate investment trust’s stock after purchasing an additional 3,500 shares during the period. Baker Ellis Asset Management LLC’s holdings in UDR were worth $348,000 as of its most recent filing with the SEC.

A number of other institutional investors have also made changes to their positions in the business. CWM LLC increased its stake in shares of UDR by 10.0% in 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 increased its stake in shares of UDR by 7.1% in 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. grew its position in 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 buying an additional 367 shares in the last quarter. Truist Financial Corp grew its position in 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 buying an additional 414 shares in the last quarter. Finally, TCV Trust & Wealth Management Inc. grew its position in 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 buying an additional 424 shares in the last quarter. 97.84% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

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

UDR Stock Down 0.5 %

Shares of UDR opened at $40.31 on Friday. The company has a market capitalization of $13.30 billion, a P/E ratio of 108.94, a PEG ratio of 11.25 and a beta of 0.89. 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 business’s 50 day simple moving average is $43.51 and its 200-day simple moving average is $43.40.

UDR Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, January 31st. Stockholders of record on Thursday, January 9th will be issued a $0.425 dividend. This represents a $1.70 annualized dividend and a dividend yield of 4.22%. The ex-dividend date of this dividend is Friday, January 10th. UDR’s payout ratio is currently 459.46%.

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.