UDR, Inc. (NYSE:UDR) Shares Acquired by Harvest Portfolios Group Inc.

Harvest Portfolios Group Inc. raised its holdings in shares of UDR, Inc. (NYSE:UDR - Free Report) by 172.1% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 34,663 shares of the real estate investment trust's stock after purchasing an additional 21,923 shares during the period. Harvest Portfolios Group Inc.'s holdings in UDR were worth $1,572,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in UDR. Capital Research Global Investors acquired a new position in shares of UDR during the first quarter worth $176,137,000. Millennium Management LLC increased its position in shares of UDR by 115.3% during the second quarter. Millennium Management LLC now owns 3,499,150 shares of the real estate investment trust's stock worth $143,990,000 after purchasing an additional 1,874,096 shares in the last quarter. Centersquare Investment Management LLC increased its position in shares of UDR by 17.7% during the first quarter. Centersquare Investment Management LLC now owns 9,550,638 shares of the real estate investment trust's stock worth $363,688,000 after purchasing an additional 1,433,463 shares in the last quarter. PGGM Investments increased its position in shares of UDR by 38.2% during the first quarter. PGGM Investments now owns 3,211,724 shares of the real estate investment trust's stock worth $120,151,000 after purchasing an additional 887,060 shares in the last quarter. Finally, Lasalle Investment Management Securities LLC increased its position in shares of UDR by 64.6% during the first quarter. Lasalle Investment Management Securities LLC now owns 1,447,425 shares of the real estate investment trust's stock worth $54,148,000 after purchasing an additional 567,878 shares in the last quarter. 97.84% of the stock is owned by institutional investors and hedge funds.

UDR Price Performance

UDR stock traded up $0.05 during mid-day trading on Thursday, reaching $43.32. 1,348,517 shares of the company's stock were exchanged, compared to its average volume of 2,504,419. 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 $31.87 and a 12-month high of $47.55. The stock's 50 day moving average is $44.63 and its 200 day moving average is $41.77. The company has a market cap of $14.29 billion, a price-to-earnings ratio of 116.95, a price-to-earnings-growth ratio of 9.18 and a beta of 0.85.

UDR Dividend Announcement

The firm 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 annualized dividend and a dividend yield of 3.92%. The ex-dividend date was Thursday, October 10th. UDR's payout ratio is 459.47%.

Wall Street Analyst Weigh In

UDR has been the topic of a number of recent analyst reports. UBS Group upped their price target on UDR from $48.00 to $52.00 and gave the stock a "buy" rating in a research report on Thursday, September 12th. Deutsche Bank Aktiengesellschaft boosted their price target on UDR from $40.00 to $44.00 and gave the company a "hold" rating in a research note on Tuesday, September 10th. Wells Fargo & Company increased their price objective on UDR from $41.00 to $48.00 and gave the company an "overweight" rating in a report on Monday, August 26th. Royal Bank of Canada decreased their target price on UDR from $46.00 to $45.00 and set a "sector perform" rating for the company in a report on Tuesday. Finally, Evercore ISI raised their price target on shares of UDR from $42.00 to $43.00 and gave the stock an "in-line" rating in a research report on Monday, September 9th. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat, the company has an average rating of "Hold" and a consensus price target of $45.24.

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.