B. Metzler seel. Sohn & Co. Holding AG acquired a new position in UDR, Inc. (NYSE:UDR – Free Report) in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm acquired 7,949 shares of the real estate investment trust’s stock, valued at approximately $360,000.
A number of other hedge funds have also bought and sold shares of the business. Dimensional Fund Advisors LP grew its stake in shares of UDR by 2.2% in the second quarter. Dimensional Fund Advisors LP now owns 4,732,429 shares of the real estate investment trust’s stock worth $194,737,000 after acquiring an additional 103,384 shares during the period. Millennium Management LLC raised its stake in UDR by 115.3% during the 2nd quarter. Millennium Management LLC now owns 3,499,150 shares of the real estate investment trust’s stock valued at $143,990,000 after buying an additional 1,874,096 shares during the last quarter. PGGM Investments lifted its holdings in shares of UDR by 38.2% during the 1st quarter. PGGM Investments now owns 3,211,724 shares of the real estate investment trust’s stock valued at $120,151,000 after buying an additional 887,060 shares during the period. Canada Pension Plan Investment Board lifted its holdings in UDR by 2.6% in the second quarter. Canada Pension Plan Investment Board now owns 2,982,797 shares of the real estate investment trust’s stock valued at $122,742,000 after acquiring an additional 76,500 shares during the period. Finally, Mizuho Securities USA LLC boosted its position in UDR by 8,460.5% in the third quarter. Mizuho Securities USA LLC now owns 2,000,000 shares of the real estate investment trust’s stock worth $90,680,000 after purchasing an additional 1,976,637 shares during the last quarter. Hedge funds and other institutional investors own 97.84% of the company’s stock.
Wall Street Analyst Weigh In
Several analysts recently issued reports on the stock. BNP Paribas started coverage on shares of UDR in a research report on Wednesday, September 11th. They set an “outperform” rating and a $49.00 target price for the company. Evercore ISI upped their price target on UDR from $42.00 to $43.00 and gave the stock an “in-line” rating in a research report on Monday, September 9th. Wells Fargo & Company increased their target price on shares of UDR from $41.00 to $48.00 and gave the stock an “overweight” rating in a report on Monday, August 26th. Royal Bank of Canada lowered their price target 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. Finally, Wedbush increased their price objective on shares of UDR from $45.00 to $49.00 and gave the stock an “outperform” rating in a research note on Monday, August 5th. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and eight have given a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $45.18.
UDR Trading Up 0.6 %
Shares of UDR opened at $45.09 on Monday. The stock has a market capitalization of $14.88 billion, a PE ratio of 121.86, a P/E/G ratio of 12.51 and a beta of 0.85. The company’s fifty day moving average is $44.50 and its 200 day moving average is $42.32. The company has a debt-to-equity ratio of 1.69, a quick ratio of 5.91 and a current ratio of 5.91. UDR, Inc. has a fifty-two week low of $32.85 and a fifty-two week high of $47.55.
UDR Dividend Announcement
The firm also recently declared a quarterly dividend, which was paid on Thursday, October 31st. Investors of record on Thursday, October 10th were issued a $0.425 dividend. This represents a $1.70 dividend on an annualized basis and a dividend yield of 3.77%. The ex-dividend date was Thursday, October 10th. UDR’s payout ratio is 459.46%.
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.
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