Landscape Capital Management L.L.C. Buys Shares of 7,355 UDR, Inc. (NYSE:UDR)

Landscape Capital Management L.L.C. purchased a new position in shares of UDR, Inc. (NYSE:UDR) during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 7,355 shares of the real estate investment trust’s stock, valued at approximately $333,000.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. 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 purchasing an additional 103,384 shares during the last quarter. Millennium Management LLC lifted its holdings 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 worth $143,990,000 after buying an additional 1,874,096 shares during the period. PGGM Investments grew its position in shares of UDR by 38.2% in 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 last quarter. Canada Pension Plan Investment Board raised its position in shares of UDR by 2.6% during the second quarter. Canada Pension Plan Investment Board now owns 2,982,797 shares of the real estate investment trust’s stock worth $122,742,000 after acquiring an additional 76,500 shares during the last quarter. Finally, Mizuho Securities USA LLC increased its position in UDR by 8,460.5% during the 3rd quarter. Mizuho Securities USA LLC now owns 2,000,000 shares of the real estate investment trust’s stock valued at $90,680,000 after purchasing an additional 1,976,637 shares during the period. Institutional investors and hedge funds own 97.84% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on UDR shares. Royal Bank of Canada lowered their target price on UDR from $46.00 to $45.00 and set a “sector perform” rating for the company in a report on Tuesday, November 5th. Piper Sandler boosted their target price on shares of UDR from $40.00 to $46.00 and gave the company a “neutral” rating in a research report on Monday, August 26th. Wells Fargo & Company raised their price target on shares of UDR from $41.00 to $48.00 and gave the stock an “overweight” rating in a report on Monday, August 26th. StockNews.com downgraded shares of UDR from a “hold” rating to a “sell” rating in a research note on Tuesday, November 19th. Finally, BNP Paribas initiated coverage on shares of UDR in a research report on Wednesday, September 11th. They set an “outperform” rating and a $49.00 price objective on the stock. Two 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’s stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $45.18.

UDR Trading Up 0.6 %

NYSE UDR opened at $45.09 on Monday. 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 business has a fifty day simple moving average of $44.50 and a 200 day simple moving average of $42.35. UDR, Inc. has a 12 month low of $32.85 and a 12 month high of $47.55. The firm has a market capitalization of $14.88 billion, a P/E ratio of 121.86, a PEG ratio of 12.51 and a beta of 0.85.

UDR Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, October 31st. Stockholders of record on Thursday, October 10th were issued a $0.425 dividend. The ex-dividend date was Thursday, October 10th. This represents a $1.70 annualized dividend and a dividend yield of 3.77%. UDR’s dividend payout ratio is currently 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.