Brooklyn Investment Group Takes $33,000 Position in UDR, Inc. (NYSE:UDR)

Brooklyn Investment Group acquired a new position in shares of UDR, Inc. (NYSE:UDR) in the third quarter, according to its most recent 13F filing with the SEC. The institutional investor acquired 717 shares of the real estate investment trust’s stock, valued at approximately $33,000.

Several other large investors have also made changes to their positions in the company. Mizuho Securities USA LLC raised its holdings in shares of UDR by 8,460.5% in the 3rd 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 period. Millennium Management LLC raised its holdings in UDR by 115.3% in the second 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 period. FMR LLC lifted its position in UDR by 14.8% during the third quarter. FMR LLC now owns 11,401,026 shares of the real estate investment trust’s stock valued at $516,923,000 after buying an additional 1,471,855 shares in the last quarter. APG Asset Management US Inc. acquired a new position in UDR during the second quarter valued at approximately $22,572,000. Finally, Los Angeles Capital Management LLC grew its stake in UDR by 1,665.3% during the third quarter. Los Angeles Capital Management LLC now owns 369,448 shares of the real estate investment trust’s stock worth $16,751,000 after buying an additional 348,520 shares during the period. 97.84% of the stock is owned by hedge funds and other institutional investors.

UDR Stock Performance

Shares of UDR stock opened at $45.86 on Friday. The stock has a market capitalization of $15.13 billion, a price-to-earnings ratio of 123.95, a PEG ratio of 12.85 and a beta of 0.85. UDR, Inc. has a one year low of $33.02 and a one year high of $47.55. The company’s 50-day simple moving average is $44.47 and its 200-day simple moving average is $42.57. 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 Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, October 31st. Shareholders of record on Thursday, October 10th were issued a dividend of $0.425 per share. This represents a $1.70 dividend on an annualized basis and a yield of 3.71%. The ex-dividend date was Thursday, October 10th. UDR’s dividend payout ratio is presently 459.47%.

Analyst Ratings Changes

Several equities analysts recently weighed in on UDR shares. The Goldman Sachs Group began coverage on shares of UDR in a report on Wednesday, September 4th. They set a “sell” rating and a $42.00 target price on the stock. JPMorgan Chase & Co. boosted their price objective on UDR from $43.00 to $50.00 and gave the stock an “overweight” rating in a research note on Monday, September 16th. UBS Group upped their target price 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 UDR from a “hold” rating to a “sell” rating in a report on Tuesday, November 19th. Finally, Wells Fargo & Company increased their price objective on shares of UDR from $41.00 to $48.00 and gave the company an “overweight” rating in a research report on Monday, August 26th. Two equities research 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.com, the stock has a consensus rating of “Hold” and a consensus target price of $45.18.

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.