BNP PARIBAS ASSET MANAGEMENT Holding S.A. Raises Stake in UDR, Inc. (NYSE:UDR)

BNP PARIBAS ASSET MANAGEMENT Holding S.A. grew its stake in shares of UDR, Inc. (NYSE:UDR - Free Report) by 27.2% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 199,465 shares of the real estate investment trust's stock after acquiring an additional 42,633 shares during the period. BNP PARIBAS ASSET MANAGEMENT Holding S.A. owned about 0.06% of UDR worth $9,044,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. CWM LLC boosted its holdings in UDR by 10.0% in the 3rd quarter. CWM LLC now owns 3,802 shares of the real estate investment trust's stock worth $172,000 after buying an additional 347 shares during the period. Empowered Funds LLC boosted its holdings in UDR by 7.1% in the 3rd quarter. Empowered Funds LLC now owns 5,246 shares of the real estate investment trust's stock worth $238,000 after buying an additional 350 shares during the period. Mather Group LLC. boosted its holdings in UDR by 58.2% in the 3rd quarter. Mather Group LLC. now owns 998 shares of the real estate investment trust's stock worth $45,000 after buying an additional 367 shares during the period. Truist Financial Corp boosted its holdings in UDR by 0.6% in the 2nd quarter. Truist Financial Corp now owns 66,673 shares of the real estate investment trust's stock worth $2,744,000 after buying an additional 414 shares during the period. Finally, TCV Trust & Wealth Management Inc. boosted its holdings in UDR by 8.2% in the 3rd quarter. TCV Trust & Wealth Management Inc. now owns 5,589 shares of the real estate investment trust's stock worth $253,000 after buying an additional 424 shares during the period. 97.84% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several research firms recently commented on UDR. Truist Financial raised their price objective on shares of UDR from $44.00 to $47.00 and gave the stock a "buy" rating in a report on Monday, August 26th. UBS Group increased their target price on shares of UDR from $48.00 to $52.00 and gave the stock a "buy" rating in a research note on Thursday, September 12th. Scotiabank lowered their target price on shares of UDR from $49.00 to $48.00 and set a "sector perform" rating on the stock in a research note on Thursday, November 14th. Wedbush increased their target price on shares of UDR from $45.00 to $49.00 and gave the stock an "outperform" rating in a research note on Monday, August 5th. Finally, Wells Fargo & Company increased their target price on shares of UDR from $41.00 to $48.00 and gave the stock an "overweight" rating in a research note on Monday, August 26th. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and eight have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average price target of $45.18.

UDR Trading Up 1.1 %

UDR stock traded up $0.48 during trading hours on Monday, reaching $45.57. The stock had a trading volume of 2,590,609 shares, compared to its average volume of 2,484,181. The stock has a market cap of $15.04 billion, a PE ratio of 123.17, a PEG ratio of 12.51 and a beta of 0.85. UDR, Inc. has a 52 week low of $32.85 and a 52 week 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 has a fifty day simple moving average of $44.47 and a 200-day simple moving average of $42.40.

UDR Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, October 31st. Stockholders of record on Thursday, October 10th were paid a dividend of $0.425 per share. This represents a $1.70 dividend on an annualized basis and a dividend yield of 3.73%. The ex-dividend date of this dividend was Thursday, October 10th. UDR's payout ratio is 459.47%.

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.