Daiwa Securities Group Inc. Has $322.37 Million Holdings in UDR, Inc. (NYSE:UDR)

Daiwa Securities Group Inc. lifted its stake in UDR, Inc. (NYSE:UDR - Free Report) by 2.3% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 7,109,980 shares of the real estate investment trust's stock after purchasing an additional 159,625 shares during the period. UDR accounts for 1.5% of Daiwa Securities Group Inc.'s portfolio, making the stock its 20th largest position. Daiwa Securities Group Inc. owned 2.15% of UDR worth $322,366,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently bought and sold shares of the company. Dimensional Fund Advisors LP grew its stake in shares of UDR by 2.2% during the second quarter. Dimensional Fund Advisors LP now owns 4,732,429 shares of the real estate investment trust's stock worth $194,737,000 after purchasing an additional 103,384 shares during the period. Charles Schwab Investment Management Inc. increased its position in shares of UDR by 2.8% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 4,272,032 shares of the real estate investment trust's stock valued at $193,694,000 after buying an additional 117,213 shares in the last quarter. 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 worth $143,990,000 after buying an additional 1,874,096 shares during the period. PGGM Investments grew its stake in UDR by 38.2% in the first quarter. PGGM Investments now owns 3,211,724 shares of the real estate investment trust's stock valued at $120,151,000 after acquiring an additional 887,060 shares during the period. Finally, Canada Pension Plan Investment Board increased its holdings in shares of UDR by 2.6% in the second quarter. Canada Pension Plan Investment Board now owns 2,982,797 shares of the real estate investment trust's stock worth $122,742,000 after acquiring an additional 76,500 shares in the last quarter. 97.84% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on UDR. JPMorgan Chase & Co. increased their target price on UDR from $43.00 to $50.00 and gave the stock an "overweight" rating in a report on Monday, September 16th. Royal Bank of Canada cut their target price on shares of UDR from $46.00 to $45.00 and set a "sector perform" rating for the company in a research note on Tuesday, November 5th. Deutsche Bank Aktiengesellschaft upped their price objective on shares of UDR from $40.00 to $44.00 and gave the company a "hold" rating in a report on Tuesday, September 10th. BNP Paribas assumed coverage on shares of UDR in a report on Wednesday, September 11th. They set an "outperform" rating and a $49.00 target price for the company. Finally, Piper Sandler lifted their price target on UDR from $40.00 to $46.00 and gave the stock a "neutral" rating in a report on Monday, August 26th. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating and eight have issued a buy rating to the company's stock. According to MarketBeat, UDR currently has a consensus rating of "Hold" and an average price target of $45.18.

UDR Price Performance

NYSE:UDR traded up $0.28 during mid-day trading on Friday, reaching $45.09. The stock had a trading volume of 1,536,143 shares, compared to its average volume of 2,277,891. The stock has a 50-day simple moving average of $44.50 and a two-hundred day simple moving average of $42.32. 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, Inc. has a 12 month low of $32.85 and a 12 month high of $47.55. The stock has a market capitalization of $14.88 billion, a PE ratio of 121.86, a P/E/G ratio of 12.51 and a beta of 0.85.

UDR Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, October 31st. Stockholders of record on Thursday, October 10th were paid a $0.425 dividend. The ex-dividend date of this dividend was Thursday, October 10th. This represents a $1.70 dividend on an annualized basis and a dividend yield of 3.77%. UDR's payout ratio is currently 459.46%.

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.