Mirae Asset Global Investments Co. Ltd. Has $3.13 Million Stock Position in UDR, Inc. (NYSE:UDR)

Mirae Asset Global Investments Co. Ltd. reduced its stake in shares of UDR, Inc. (NYSE:UDR) by 6.7% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 81,679 shares of the real estate investment trust’s stock after selling 5,853 shares during the quarter. Mirae Asset Global Investments Co. Ltd.’s holdings in UDR were worth $3,127,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of UDR. Norges Bank acquired a new stake in shares of UDR during the 4th quarter worth $913,594,000. JPMorgan Chase & Co. grew its holdings in shares of UDR by 30.1% during the 1st quarter. JPMorgan Chase & Co. now owns 13,691,188 shares of the real estate investment trust’s stock worth $562,157,000 after purchasing an additional 3,164,948 shares in the last quarter. Vanguard Group Inc. grew its holdings in shares of UDR by 4.9% during the 1st quarter. Vanguard Group Inc. now owns 50,627,965 shares of the real estate investment trust’s stock worth $2,904,527,000 after purchasing an additional 2,353,851 shares in the last quarter. State Street Corp grew its holdings in shares of UDR by 11.2% during the 1st quarter. State Street Corp now owns 22,969,937 shares of the real estate investment trust’s stock worth $943,146,000 after purchasing an additional 2,321,585 shares in the last quarter. Finally, Long Pond Capital LP acquired a new stake in shares of UDR during the 4th quarter worth $73,433,000. 97.84% of the stock is owned by institutional investors and hedge funds.

UDR Price Performance

Shares of UDR opened at $35.34 on Thursday. UDR, Inc. has a 1 year low of $30.95 and a 1 year high of $44.02. The company has a debt-to-equity ratio of 1.47, a current ratio of 5.15 and a quick ratio of 5.15. The company has a market capitalization of $11.64 billion, a price-to-earnings ratio of 26.37, a price-to-earnings-growth ratio of 2.82 and a beta of 0.80. The business has a 50-day moving average of $36.49 and a 200-day moving average of $35.89.

UDR Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 30th. Stockholders of record on Wednesday, April 10th will be given a dividend of $0.425 per share. This represents a $1.70 dividend on an annualized basis and a dividend yield of 4.81%. This is an increase from UDR’s previous quarterly dividend of $0.42. The ex-dividend date is Tuesday, April 9th. UDR’s dividend payout ratio (DPR) is 126.87%.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on UDR. Deutsche Bank Aktiengesellschaft began coverage on UDR in a research note on Tuesday, January 30th. They issued a “hold” rating and a $40.00 price objective on the stock. Wells Fargo & Company raised UDR from an “equal weight” rating to an “overweight” rating and raised their price objective for the company from $34.00 to $39.00 in a research note on Monday, March 4th. Mizuho reduced their price objective on UDR from $38.00 to $35.00 and set a “neutral” rating on the stock in a research note on Wednesday, February 28th. The Goldman Sachs Group began coverage on UDR in a research note on Thursday, February 22nd. They issued a “neutral” rating and a $39.00 price objective on the stock. Finally, Morgan Stanley reaffirmed an “equal weight” rating and issued a $37.00 price objective on shares of UDR in a research note on Monday, February 26th. Eleven investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $41.71.

UDR 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.