5 Real Estate Dividend Stocks to Buy in August 2021

1. UDR, Inc. (NYSE: UDR)

Number of Hedge Fund Holders: 30
Dividend Yield: 2.6%

UDR, Inc. (NYSE: UDR), a publicly-traded REIT, invests in apartments in the US and ranks 1st on our list of real estate dividend stocks to buy in August 2021. The company is based in Colorado and as of December 2020, was operating and owned interests in about 149 apartment communities made up of roughly 48,283 apartment units.

Keybanc’s Jordan Sadler raised his price target on shares of UDR, Inc. (NYSE: UDR) just this July. The new price target is $55, up from the previous target of $46, and Sadler also reiterated his Overweight rating on UDR, Inc. (NYSE: UDR) shares.

In the second quarter of 2021, UDR, Inc. (NYSE: UDR) had an FFO of $0.49, in line with estimates. The company’s revenue was $309.12 million, up 1.02% year over year and also beating estimates by $5.26 million. UDR, Inc. (NYSE: UDR) has also gained 37.38% in the past 6 months and 49.39% year to date.

By the end of the first quarter of 2021, 30 hedge funds out of the 866 tracked by Insider Monkey held stakes in UDR, Inc. (NYSE: UDR) worth roughly $312 million. This is compared to 23 hedge funds in the previous quarter with a total stake value of approximately $482 million.

See also Top 10 Real Estate Billionaires In The World and 20 Best Countries To Invest In Real Estate.

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