Eagle Bay Advisors LLC Has $63,000 Stock Position in UDR, Inc. (NYSE:UDR)

Eagle Bay Advisors LLC cut its position in UDR, Inc. (NYSE:UDR) by 32.9% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,461 shares of the real estate investment trust’s stock after selling 716 shares during the period. Eagle Bay Advisors LLC’s holdings in UDR were worth $63,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in the company. Czech National Bank boosted its holdings in shares of UDR by 6.5% in the 4th quarter. Czech National Bank now owns 65,104 shares of the real estate investment trust’s stock worth $2,826,000 after acquiring an additional 3,963 shares in the last quarter. ST Germain D J Co. Inc. acquired a new position in UDR in the fourth quarter worth $94,000. GAMMA Investing LLC grew its holdings in shares of UDR by 14.6% during the fourth quarter. GAMMA Investing LLC now owns 8,460 shares of the real estate investment trust’s stock worth $367,000 after purchasing an additional 1,080 shares during the last quarter. JPMorgan Chase & Co. increased its stake in shares of UDR by 5.0% in the third quarter. JPMorgan Chase & Co. now owns 7,774,541 shares of the real estate investment trust’s stock valued at $352,498,000 after buying an additional 368,087 shares in the last quarter. Finally, Inspire Trust Co. N.A. raised its holdings in shares of UDR by 12.3% in the third quarter. Inspire Trust Co. N.A. now owns 27,415 shares of the real estate investment trust’s stock valued at $1,243,000 after buying an additional 3,000 shares during the last quarter. 97.84% of the stock is owned by institutional investors.

UDR Stock Performance

UDR stock opened at $41.00 on Tuesday. UDR, Inc. has a 1-year low of $34.19 and a 1-year high of $47.55. 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 firm has a market cap of $13.53 billion, a PE ratio of 110.81, a P/E/G ratio of 12.34 and a beta of 0.89. The business’s 50-day moving average price is $43.92 and its two-hundred day moving average price is $43.41.

UDR Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, January 31st. Stockholders of record on Thursday, January 9th will be issued a dividend of $0.425 per share. This represents a $1.70 annualized dividend and a dividend yield of 4.15%. The ex-dividend date is Friday, January 10th. UDR’s dividend payout ratio (DPR) is presently 459.46%.

Wall Street Analyst Weigh In

A number of brokerages have commented on UDR. Royal Bank of Canada decreased their price objective on shares of UDR from $46.00 to $45.00 and set a “sector perform” rating on the stock in a report on Tuesday, November 5th. Jefferies Financial Group lowered shares of UDR from a “buy” rating to a “hold” rating and lowered their price target for the company from $50.00 to $45.00 in a report on Thursday, January 2nd. Scotiabank reduced their price objective on UDR from $49.00 to $48.00 and set a “sector perform” rating on the stock in a report on Thursday, November 14th. Mizuho lowered their target price on UDR from $47.00 to $45.00 and set a “neutral” rating for the company in a research note on Monday, January 6th. Finally, JPMorgan Chase & Co. upped their price target on UDR from $43.00 to $50.00 and gave the company an “overweight” rating in a research note on Monday, September 16th. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $46.35.

About UDR

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.