27,893 Shares in UDR, Inc. (NYSE:UDR) Bought by Avanza Fonder AB

Avanza Fonder AB purchased a new stake in UDR, Inc. (NYSE:UDR - Free Report) in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 27,893 shares of the real estate investment trust's stock, valued at approximately $1,211,000.

Other large investors have also recently bought and sold shares of the company. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in shares of UDR by 862.3% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 3,086,964 shares of the real estate investment trust's stock valued at $139,963,000 after buying an additional 2,766,172 shares during the last quarter. Mizuho Securities USA LLC increased its position in 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 valued at $90,680,000 after acquiring an additional 1,976,637 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 acquiring an additional 1,874,096 shares during the last quarter. FMR LLC lifted its position in UDR by 14.8% during the 3rd quarter. FMR LLC now owns 11,401,026 shares of the real estate investment trust's stock worth $516,923,000 after acquiring an additional 1,471,855 shares during the period. Finally, APG Asset Management US Inc. acquired a new stake in UDR during the 2nd quarter worth approximately $22,572,000. Institutional investors and hedge funds own 97.84% of the company's stock.

Wall Street Analyst Weigh In

Several research firms have recently commented on UDR. Scotiabank cut their price target on UDR from $49.00 to $48.00 and set a "sector perform" rating for the company in a research note on Thursday, November 14th. Royal Bank of Canada cut their price objective on shares of UDR from $46.00 to $45.00 and set a "sector perform" rating for the company in a research report on Tuesday, November 5th. Mizuho reduced their target price on shares of UDR from $47.00 to $45.00 and set a "neutral" rating for the company in a research note on Monday, January 6th. Barclays assumed coverage on UDR in a research note on Tuesday, December 17th. They set an "overweight" rating and a $50.00 target price for the company. Finally, Jefferies Financial Group downgraded shares of UDR from a "buy" rating to a "hold" rating and decreased their price objective for the stock from $50.00 to $45.00 in a report on Thursday, January 2nd. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average price target of $46.35.

UDR Trading Down 0.4 %

NYSE:UDR traded down $0.16 during mid-day trading on Monday, reaching $41.23. The company's stock had a trading volume of 1,655,157 shares, compared to its average volume of 1,692,470. The stock has a market cap of $13.60 billion, a P/E ratio of 111.42, a P/E/G ratio of 10.92 and a beta of 0.89. UDR, Inc. has a twelve month low of $34.19 and a twelve month high of $47.55. The company has a debt-to-equity ratio of 1.69, a current ratio of 5.91 and a quick ratio of 5.91. The company's fifty day simple moving average is $43.73 and its two-hundred day simple moving average is $43.42.

UDR Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, January 31st. Stockholders of record on Thursday, January 9th will be paid a $0.425 dividend. The ex-dividend date is Friday, January 10th. This represents a $1.70 dividend on an annualized basis and a dividend yield of 4.12%. UDR's dividend payout ratio (DPR) is currently 459.47%.

UDR Company 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.