UDR, Inc. (NYSE:UDR) Stock Holdings Lessened by Healthcare of Ontario Pension Plan Trust Fund

Healthcare of Ontario Pension Plan Trust Fund lessened its holdings in shares of UDR, Inc. (NYSE:UDR - Free Report) by 57.6% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 81,000 shares of the real estate investment trust's stock after selling 109,900 shares during the quarter. Healthcare of Ontario Pension Plan Trust Fund's holdings in UDR were worth $3,673,000 at the end of the most recent quarter.

Other hedge funds have also made changes to their positions in the company. Family Firm Inc. purchased a new position in shares of UDR in the 2nd quarter worth $26,000. Activest Wealth Management acquired a new stake in UDR during the third quarter worth about $27,000. UMB Bank n.a. purchased a new position in shares of UDR in the 2nd quarter worth about $33,000. Brooklyn Investment Group purchased a new position in shares of UDR in the 3rd quarter worth about $33,000. Finally, Rothschild Investment LLC acquired a new position in shares of UDR in the 2nd quarter valued at about $35,000. Institutional investors and hedge funds own 97.84% of the company's stock.

Analyst Upgrades and Downgrades

Several research analysts recently commented on UDR shares. Scotiabank cut their price target on shares of UDR from $49.00 to $48.00 and set a "sector perform" rating on the stock in a report on Thursday, November 14th. Royal Bank of Canada cut their target price on shares of UDR from $46.00 to $45.00 and set a "sector perform" rating on the stock in a research note on Tuesday, November 5th. StockNews.com cut shares of UDR from a "hold" rating to a "sell" rating in a research report on Tuesday, November 19th. BNP Paribas started coverage on UDR in a research report on Wednesday, September 11th. They issued an "outperform" rating and a $49.00 price objective on the stock. Finally, Wells Fargo & Company upped their target price on UDR from $41.00 to $48.00 and gave the stock an "overweight" rating in a research report on Monday, August 26th. Two analysts have rated the stock with a sell rating, eight have issued a hold rating and eight have issued a buy rating to the stock. According to MarketBeat, UDR has an average rating of "Hold" and a consensus price target of $45.18.

UDR Stock Down 1.0 %

UDR stock traded down $0.47 during mid-day trading on Friday, hitting $45.86. 1,142,399 shares of the company were exchanged, compared to its average volume of 2,112,172. The firm has a fifty day simple moving average of $44.47 and a 200 day simple moving average of $42.57. The company has a market capitalization of $15.13 billion, a PE ratio of 123.95, a price-to-earnings-growth ratio of 12.72 and a beta of 0.85. UDR, Inc. has a twelve month low of $33.02 and a twelve month high of $47.55. The company has a current ratio of 5.91, a quick ratio of 5.91 and a debt-to-equity ratio of 1.69.

UDR Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, October 31st. Investors 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 yield of 3.71%. UDR's dividend payout ratio (DPR) is 459.47%.

UDR Company 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.