Diamond Hill Capital Management Inc. Has $65.92 Million Stake in UDR, Inc. (NYSE:UDR)

Diamond Hill Capital Management Inc. lessened its position in shares of UDR, Inc. (NYSE:UDR - Free Report) by 4.4% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,453,892 shares of the real estate investment trust's stock after selling 67,060 shares during the period. Diamond Hill Capital Management Inc. owned about 0.44% of UDR worth $65,919,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Family Firm Inc. acquired a new position in shares of UDR in the 2nd quarter valued at $26,000. UMB Bank n.a. acquired a new position in shares of UDR in the 2nd quarter valued at $33,000. Rothschild Investment LLC acquired a new position in shares of UDR in the 2nd quarter valued at $35,000. Quest Partners LLC acquired a new position in shares of UDR in the 2nd quarter valued at $37,000. Finally, Blue Trust Inc. boosted its holdings in shares of UDR by 1,018.3% in the 2nd quarter. Blue Trust Inc. now owns 1,040 shares of the real estate investment trust's stock valued at $39,000 after buying an additional 947 shares in the last quarter. Institutional investors and hedge funds own 97.84% of the company's stock.

UDR Trading Up 0.7 %

Shares of UDR stock traded up $0.29 during trading on Monday, reaching $44.77. 624,297 shares of the company were exchanged, compared to its average volume of 2,504,190. The company has a quick ratio of 5.91, a current ratio of 5.91 and a debt-to-equity ratio of 1.69. UDR, Inc. has a twelve month low of $31.94 and a twelve month high of $47.55. The business has a 50-day moving average price of $44.62 and a 200-day moving average price of $41.90. The firm has a market capitalization of $14.77 billion, a price-to-earnings ratio of 121.57, a P/E/G ratio of 9.72 and a beta of 0.85.

UDR Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, October 31st. Shareholders of record on Thursday, October 10th were paid a $0.425 dividend. The ex-dividend date was Thursday, October 10th. This represents a $1.70 dividend on an annualized basis and a yield of 3.80%. UDR's payout ratio is 459.46%.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on the company. Wedbush raised their price target on UDR from $45.00 to $49.00 and gave the stock an "outperform" rating in a report on Monday, August 5th. Royal Bank of Canada dropped their target price on UDR from $46.00 to $45.00 and set a "sector perform" rating on the stock in a report on Tuesday, November 5th. BNP Paribas assumed coverage on UDR in a report on Wednesday, September 11th. They set an "outperform" rating and a $49.00 price target for the company. Evercore ISI lifted their price target on UDR from $42.00 to $43.00 and gave the company an "in-line" rating in a research note on Monday, September 9th. Finally, Scotiabank upped their price target on UDR from $45.00 to $49.00 and gave the stock a "sector perform" rating in a report on Monday, September 16th. Two research analysts have rated the stock with a sell rating, eight have given a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat, UDR presently has an average rating of "Hold" and a consensus price target of $45.24.

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.