Jane Street Group LLC Has $13.38 Million Stake in UDR, Inc. (NYSE:UDR)

Jane Street Group LLC cut its stake in shares of UDR, Inc. (NYSE:UDR - Free Report) by 26.4% during the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 295,048 shares of the real estate investment trust's stock after selling 105,970 shares during the period. Jane Street Group LLC owned about 0.09% of UDR worth $13,377,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Worldquant Millennium Advisors LLC acquired a new position in UDR in the 3rd quarter worth about $5,427,000. Quarry LP grew its stake in shares of UDR by 921.9% in the 3rd quarter. Quarry LP now owns 10,423 shares of the real estate investment trust's stock valued at $473,000 after buying an additional 9,403 shares in the last quarter. Royal London Asset Management Ltd. increased its holdings in UDR by 0.6% in the third quarter. Royal London Asset Management Ltd. now owns 160,778 shares of the real estate investment trust's stock worth $7,290,000 after buying an additional 1,019 shares during the last quarter. Investment Management Corp of Ontario raised its position in UDR by 48.6% during the third quarter. Investment Management Corp of Ontario now owns 10,397 shares of the real estate investment trust's stock valued at $471,000 after acquiring an additional 3,400 shares in the last quarter. Finally, Janus Henderson Group PLC raised its position in UDR by 25.6% during the third quarter. Janus Henderson Group PLC now owns 1,544,796 shares of the real estate investment trust's stock valued at $70,048,000 after acquiring an additional 315,105 shares in the last quarter. Institutional investors and hedge funds own 97.84% of the company's stock.

Analysts Set New Price Targets

Several brokerages have recently commented on UDR. The Goldman Sachs Group initiated coverage on shares of UDR in a research note on Wednesday, September 4th. They set a "sell" rating and a $42.00 price target on the stock. StockNews.com downgraded shares of UDR from a "hold" rating to a "sell" rating in a research report on Tuesday, November 19th. Evercore ISI boosted their price target on UDR from $42.00 to $43.00 and gave the stock an "in-line" rating in a research report on Monday, September 9th. Scotiabank decreased their price target on UDR from $49.00 to $48.00 and set a "sector perform" rating for the company in a research note on Thursday, November 14th. Finally, Royal Bank of Canada cut their price objective on UDR from $46.00 to $45.00 and set a "sector perform" rating on the stock in a research note on Tuesday, November 5th. Two analysts have rated the stock with a sell rating, eight have issued a hold rating and eight have given a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of "Hold" and a consensus price target of $45.18.

UDR Stock Performance

UDR stock traded up $0.65 on Thursday, reaching $44.96. 649,201 shares of the company were exchanged, compared to its average volume of 2,434,089. The stock's fifty day moving average price is $44.37 and its 200 day moving average price is $42.87. The firm has a market capitalization of $14.84 billion, a PE ratio of 119.78, a PEG ratio of 12.44 and a beta of 0.87. 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 $34.19 and a 12 month high of $47.55.

UDR Dividend Announcement

The company also recently announced 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 dividend yield of 3.78%. UDR's payout ratio is 459.46%.

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.