Aurora Investment Managers LLC. Increases Stock Position in UDR, Inc. (NYSE:UDR)

Aurora Investment Managers LLC. increased its holdings in shares of UDR, Inc. (NYSE:UDR) by 5.5% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 91,068 shares of the real estate investment trust’s stock after purchasing an additional 4,765 shares during the period. UDR accounts for 2.4% of Aurora Investment Managers LLC.’s investment portfolio, making the stock its 14th largest holding. Aurora Investment Managers LLC.’s holdings in UDR were worth $3,953,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of UDR. Avanza Fonder AB acquired a new stake in shares of UDR during the fourth quarter worth about $1,211,000. Contravisory Investment Management Inc. increased its position in UDR by 0.5% in the 4th quarter. Contravisory Investment Management Inc. now owns 185,806 shares of the real estate investment trust’s stock valued at $8,066,000 after acquiring an additional 930 shares during the period. Oak Thistle LLC purchased a new stake in UDR during the 4th quarter valued at approximately $559,000. Eastern Bank acquired a new stake in UDR during the 4th quarter worth approximately $68,000. Finally, Salem Investment Counselors Inc. grew its stake in shares of UDR by 62.7% in the 4th quarter. Salem Investment Counselors Inc. now owns 1,349 shares of the real estate investment trust’s stock valued at $59,000 after purchasing an additional 520 shares during the last quarter. 97.84% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several brokerages recently weighed in on UDR. Jefferies Financial Group downgraded UDR from a “buy” rating to a “hold” rating and decreased their price target for the stock from $50.00 to $45.00 in a report on Thursday, January 2nd. StockNews.com cut shares of UDR from a “hold” rating to a “sell” rating in a research note on Thursday, January 2nd. Royal Bank of Canada dropped their price target on shares of UDR from $46.00 to $45.00 and set a “sector perform” rating on the stock in a research note on Tuesday, November 5th. Barclays initiated coverage on shares of UDR in a research report on Tuesday, December 17th. They issued an “overweight” rating and a $50.00 price objective for the company. Finally, Scotiabank dropped 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 assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and an average price target of $46.35.

UDR Stock Performance

Shares of UDR opened at $41.23 on Tuesday. UDR, Inc. has a 12-month low of $34.19 and a 12-month high of $47.55. The stock has a market cap of $13.60 billion, a P/E ratio of 111.42, a PEG ratio of 11.22 and a beta of 0.89. 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 moving average of $43.73 and a two-hundred day moving average of $43.42.

UDR Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, January 31st. Investors of record on Thursday, January 9th will be given a dividend of $0.425 per share. This represents a $1.70 annualized dividend and a yield of 4.12%. The ex-dividend date of this dividend is Friday, January 10th. UDR’s dividend payout ratio (DPR) is 459.47%.

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.