Barclays PLC Has $27.94 Million Stake in UDR, Inc. (NYSE:UDR)

Barclays PLC trimmed its position in UDR, Inc. (NYSE:UDR - Free Report) by 5.9% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 616,269 shares of the real estate investment trust's stock after selling 38,894 shares during the quarter. Barclays PLC owned about 0.19% of UDR worth $27,941,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also modified their holdings of the company. Family Firm Inc. bought a new stake in UDR during the 2nd quarter valued at approximately $26,000. Activest Wealth Management bought a new stake in shares of UDR in the third quarter valued at approximately $27,000. UMB Bank n.a. acquired a new stake in shares of UDR in the second quarter worth $33,000. Brooklyn Investment Group bought a new position in UDR during the third quarter worth $33,000. Finally, Rothschild Investment LLC bought a new position in UDR during the second quarter worth $35,000. 97.84% of the stock is owned by institutional investors.

UDR Price Performance

Shares of UDR traded down $0.35 on Friday, hitting $44.47. The company's stock had a trading volume of 1,283,922 shares, compared to its average volume of 1,515,888. The company has a market capitalization of $14.67 billion, a PE ratio of 120.19, a PEG ratio of 12.34 and a beta of 0.87. UDR, Inc. has a fifty-two week low of $34.19 and a fifty-two week high of $47.55. The company has a 50 day moving average price of $44.37 and a 200 day moving average price of $42.93. The company has a debt-to-equity ratio of 1.69, a current ratio of 5.91 and a quick ratio of 5.91.

UDR Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, October 31st. Investors of record on Thursday, October 10th were given a dividend of $0.425 per share. The ex-dividend date of this dividend was Thursday, October 10th. This represents a $1.70 annualized dividend and a yield of 3.82%. UDR's dividend payout ratio (DPR) is 459.47%.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on UDR. Royal Bank of Canada decreased their price target on shares of UDR from $46.00 to $45.00 and set a "sector perform" rating on the stock in a research report on Tuesday, November 5th. UBS Group lifted 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. JPMorgan Chase & Co. upped their price target on UDR from $43.00 to $50.00 and gave the company an "overweight" rating in a report on Monday, September 16th. Scotiabank decreased their price objective on UDR from $49.00 to $48.00 and set a "sector perform" rating on the stock in a report on Thursday, November 14th. Finally, Wells Fargo & Company upped their target price on UDR from $41.00 to $48.00 and gave the company an "overweight" rating in a research note on Monday, August 26th. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating and seven have given a buy rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus target price of $45.19.

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.