Janus Henderson Group PLC increased its stake in shares of UDR, Inc. (NYSE:UDR - Free Report) by 25.6% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,544,796 shares of the real estate investment trust's stock after purchasing an additional 315,105 shares during the quarter. Janus Henderson Group PLC owned 0.47% of UDR worth $70,048,000 at the end of the most recent quarter.
Other large investors have also recently made changes to their positions in the company. Chevy Chase Trust Holdings LLC lifted its position in UDR by 171.1% in the third quarter. Chevy Chase Trust Holdings LLC now owns 448,416 shares of the real estate investment trust's stock valued at $20,331,000 after purchasing an additional 283,029 shares during the period. Paloma Partners Management Co purchased a new position in UDR in the 3rd quarter worth approximately $608,000. Edgestream Partners L.P. increased its stake in shares of UDR by 58.0% in the third quarter. Edgestream Partners L.P. now owns 66,994 shares of the real estate investment trust's stock worth $3,038,000 after buying an additional 24,596 shares during the last quarter. Vinva Investment Management Ltd lifted its position in shares of UDR by 50.6% in the 3rd quarter. Vinva Investment Management Ltd now owns 17,657 shares of the real estate investment trust's stock worth $794,000 after buying an additional 5,935 shares during the last quarter. Finally, Public Sector Pension Investment Board raised its holdings in shares of UDR by 24.7% during the third quarter. Public Sector Pension Investment Board now owns 52,208 shares of the real estate investment trust's stock valued at $2,367,000 after buying an additional 10,349 shares during the last quarter. 97.84% of the stock is currently owned by hedge funds and other institutional investors.
UDR Price Performance
UDR stock traded up $0.11 during trading hours on Friday, hitting $44.84. The stock had a trading volume of 1,312,131 shares, compared to its average volume of 2,454,459. The company has a debt-to-equity ratio of 1.69, a current ratio of 5.91 and a quick ratio of 5.91. The stock has a market capitalization of $14.80 billion, a price-to-earnings ratio of 120.92, a PEG ratio of 12.43 and a beta of 0.87. The stock's fifty day moving average is $44.40 and its two-hundred day moving average is $42.70. UDR, Inc. has a 1-year low of $34.19 and a 1-year high of $47.55.
UDR Dividend Announcement
The business also recently announced a quarterly dividend, which was paid on Thursday, October 31st. Investors of record on Thursday, October 10th were issued 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 3.79%. UDR's payout ratio is 459.46%.
Analyst Ratings Changes
A number of equities analysts have recently weighed in on UDR shares. Piper Sandler upped their target price on UDR from $40.00 to $46.00 and gave the company a "neutral" rating in a report on Monday, August 26th. JPMorgan Chase & Co. raised their price target on shares of UDR from $43.00 to $50.00 and gave the company an "overweight" rating in a report on Monday, September 16th. Evercore ISI upped their price objective on shares of UDR from $42.00 to $43.00 and gave the company an "in-line" rating in a research report on Monday, September 9th. The Goldman Sachs Group started coverage on shares of UDR in a research note on Wednesday, September 4th. They issued a "sell" rating and a $42.00 target price for the company. Finally, BNP Paribas initiated coverage on UDR in a research report on Wednesday, September 11th. They set an "outperform" rating and a $49.00 price target on the stock. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and eight have issued a buy rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Hold" and an average target price of $45.18.
Read Our Latest Analysis on UDR
About UDR
(
Free Report)
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.
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