ING Groep NV Sells 112,026 Shares of UDR, Inc. (NYSE:UDR)

ING Groep NV reduced its position in UDR, Inc. (NYSE:UDR - Free Report) by 75.9% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 35,641 shares of the real estate investment trust's stock after selling 112,026 shares during the period. ING Groep NV's holdings in UDR were worth $1,616,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in UDR. Family Firm Inc. bought a new position in shares of UDR during the second quarter worth about $26,000. UMB Bank n.a. acquired a new stake in shares of UDR in the second quarter valued at approximately $33,000. Rothschild Investment LLC bought a new position in shares of UDR in the second quarter valued at approximately $35,000. Quest Partners LLC bought a new position in shares of UDR in the second quarter valued at approximately $37,000. Finally, Blue Trust Inc. boosted its holdings in shares of UDR by 1,018.3% in the second quarter. Blue Trust Inc. now owns 1,040 shares of the real estate investment trust's stock valued at $39,000 after acquiring an additional 947 shares in the last quarter. 97.84% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on UDR shares. Royal Bank of Canada reduced their target price on shares of UDR from $46.00 to $45.00 and set a "sector perform" rating for the company in a report on Tuesday, November 5th. StockNews.com downgraded shares of UDR from a "hold" rating to a "sell" rating in a research report on Wednesday, November 6th. Truist Financial raised their price target on shares of UDR from $44.00 to $47.00 and gave the company a "buy" rating in a report on Monday, August 26th. Wells Fargo & Company raised their price target on shares of UDR from $41.00 to $48.00 and gave the company an "overweight" rating in a report on Monday, August 26th. Finally, BNP Paribas began coverage on shares of UDR in a report on Wednesday, September 11th. They set an "outperform" rating and a $49.00 price target on the stock. Two analysts have rated the stock with a sell rating, eight have issued a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat.com, UDR presently has an average rating of "Hold" and an average target price of $45.18.

UDR Trading Up 0.2 %

Shares of UDR traded up $0.08 on Monday, reaching $44.39. 836,368 shares of the company's stock were exchanged, compared to its average volume of 2,504,573. The stock has a market capitalization of $14.65 billion, a P/E ratio of 119.73, a price-to-earnings-growth ratio of 12.30 and a beta of 0.85. The business has a 50 day moving average price of $44.63 and a two-hundred day moving average price of $42.13. 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, Inc. has a 12 month low of $32.37 and a 12 month high of $47.55.

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 issued a $0.425 dividend. This represents a $1.70 annualized dividend and a dividend yield of 3.83%. The ex-dividend date of this dividend was Thursday, October 10th. UDR's dividend payout ratio (DPR) is presently 459.47%.

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.