BNP Paribas Financial Markets Boosts Stock Position in UDR, Inc. (NYSE:UDR)

BNP Paribas Financial Markets boosted its holdings in shares of UDR, Inc. (NYSE:UDR - Free Report) by 52.7% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 412,282 shares of the real estate investment trust's stock after purchasing an additional 142,329 shares during the quarter. BNP Paribas Financial Markets owned about 0.12% of UDR worth $18,693,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Activest Wealth Management bought a new stake in UDR during the 3rd quarter valued at approximately $27,000. Family Firm Inc. bought a new stake in UDR during the 2nd quarter valued at approximately $26,000. Brooklyn Investment Group bought a new stake in UDR during the 3rd quarter valued at approximately $33,000. UMB Bank n.a. bought a new stake in UDR during the 2nd quarter valued at approximately $33,000. Finally, Rothschild Investment LLC bought a new stake in UDR during the 2nd quarter valued at approximately $35,000. Institutional investors own 97.84% of the company's stock.

UDR Trading Down 1.0 %

UDR traded down $0.47 during trading hours on Friday, reaching $45.86. 1,142,399 shares of the company's stock traded hands, compared to its average volume of 2,112,172. The firm has a 50-day moving average price of $44.47 and a 200 day moving average price of $42.57. UDR, Inc. has a 52-week low of $33.02 and a 52-week high of $47.55. The company has a quick ratio of 5.91, a current ratio of 5.91 and a debt-to-equity ratio of 1.69. The firm has a market capitalization of $15.13 billion, a PE ratio of 123.95, a PEG ratio of 12.72 and a beta of 0.85.

UDR Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, October 31st. Investors 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 of this dividend was Thursday, October 10th. UDR's payout ratio is currently 459.47%.

Wall Street Analyst Weigh In

UDR has been the topic of several recent analyst reports. Wells Fargo & Company lifted 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. The Goldman Sachs Group began coverage on UDR in a research note on Wednesday, September 4th. They issued a "sell" rating and a $42.00 price objective on the stock. Truist Financial lifted their price objective on UDR from $44.00 to $47.00 and gave the stock a "buy" rating in a research note on Monday, August 26th. BNP Paribas began coverage on UDR in a research note on Wednesday, September 11th. They issued an "outperform" rating and a $49.00 price objective on the stock. Finally, Wedbush lifted their price objective on UDR from $45.00 to $49.00 and gave the stock an "outperform" rating in a research note on Monday, August 5th. Two 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. According to MarketBeat, the company has an average rating of "Hold" and an average target price of $45.18.

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.