Quest Partners LLC Purchases 4,295 Shares of UDR, Inc. (NYSE:UDR)

Quest Partners LLC lifted its position in shares of UDR, Inc. (NYSE:UDR) by 471.5% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 5,206 shares of the real estate investment trust’s stock after purchasing an additional 4,295 shares during the period. Quest Partners LLC’s holdings in UDR were worth $236,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Family Firm Inc. bought a new stake in UDR during the 2nd quarter worth approximately $26,000. UMB Bank n.a. acquired a new stake in UDR in the second quarter valued at $33,000. Rothschild Investment LLC bought a new position in UDR during the 2nd quarter worth $35,000. Blue Trust Inc. raised its position in UDR by 1,018.3% during the 2nd quarter. Blue Trust Inc. now owns 1,040 shares of the real estate investment trust’s stock worth $39,000 after purchasing an additional 947 shares during the last quarter. Finally, International Assets Investment Management LLC acquired a new position in UDR during the 2nd quarter worth about $40,000. Institutional investors and hedge funds own 97.84% of the company’s stock.

Analyst Ratings Changes

UDR has been the subject of a number of analyst reports. UBS Group raised their price objective on UDR from $48.00 to $52.00 and gave the stock a “buy” rating in a research report on Thursday, September 12th. StockNews.com downgraded shares of UDR from a “hold” rating to a “sell” rating in a research report on Tuesday, November 19th. Piper Sandler increased their price objective on shares of UDR from $40.00 to $46.00 and gave the stock a “neutral” rating in a research report on Monday, August 26th. Scotiabank dropped their target price on shares of UDR from $49.00 to $48.00 and set a “sector perform” rating on the stock in a report on Thursday, November 14th. Finally, Deutsche Bank Aktiengesellschaft increased their price target on UDR from $40.00 to $44.00 and gave the stock a “hold” rating in a report on Tuesday, September 10th. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $45.18.

UDR Stock Performance

NYSE UDR opened at $45.94 on Wednesday. The company has a market cap of $15.16 billion, a P/E ratio of 124.17, a PEG ratio of 12.51 and a beta of 0.85. The company has a fifty day simple moving average of $44.46 and a 200 day simple moving average of $42.45. The company has a current ratio of 5.91, a quick ratio of 5.91 and a debt-to-equity ratio of 1.69. UDR, Inc. has a 12-month low of $32.85 and a 12-month high of $47.55.

UDR Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, October 31st. Investors 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 dividend on an annualized basis and a dividend yield of 3.70%. UDR’s dividend payout ratio is presently 459.47%.

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.