7,949 Shares in UDR, Inc. (NYSE:UDR) Purchased by B. Metzler seel. Sohn & Co. Holding AG

B. Metzler seel. Sohn & Co. Holding AG acquired a new position in UDR, Inc. (NYSE:UDR) 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.