JPMorgan Chase & Co. Grows Holdings in UDR, Inc. (NYSE:UDR)

JPMorgan Chase & Co. increased its holdings in shares of UDR, Inc. (NYSE:UDR - Free Report) by 5.0% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 7,774,541 shares of the real estate investment trust's stock after buying an additional 368,087 shares during the period. JPMorgan Chase & Co. owned about 2.36% of UDR worth $352,498,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. CWM LLC increased its holdings in UDR by 10.0% in the third quarter. CWM LLC now owns 3,802 shares of the real estate investment trust's stock valued at $172,000 after purchasing an additional 347 shares during the period. Empowered Funds LLC raised its position in shares of UDR by 7.1% during the third quarter. Empowered Funds LLC now owns 5,246 shares of the real estate investment trust's stock worth $238,000 after acquiring an additional 350 shares during the last quarter. Mather Group LLC. lifted its stake in shares of UDR by 58.2% in the third quarter. Mather Group LLC. now owns 998 shares of the real estate investment trust's stock worth $45,000 after acquiring an additional 367 shares during the period. Truist Financial Corp increased its position in UDR by 0.6% during the 2nd quarter. Truist Financial Corp now owns 66,673 shares of the real estate investment trust's stock valued at $2,744,000 after purchasing an additional 414 shares during the period. Finally, TCV Trust & Wealth Management Inc. raised its holdings in UDR by 8.2% during the 3rd quarter. TCV Trust & Wealth Management Inc. now owns 5,589 shares of the real estate investment trust's stock worth $253,000 after purchasing an additional 424 shares during the last quarter. 97.84% of the stock is owned by institutional investors.

UDR Stock Down 0.8 %

UDR traded down $0.34 during midday trading on Monday, reaching $43.07. 1,002,468 shares of the company were exchanged, compared to its average volume of 2,414,008. The company has a market cap of $14.21 billion, a price-to-earnings ratio of 116.41, a price-to-earnings-growth ratio of 12.34 and a beta of 0.87. UDR, Inc. has a one year low of $34.19 and a one year high of $47.55. The company's fifty day moving average price is $44.23 and its 200 day moving average price is $43.32. The company has a debt-to-equity ratio of 1.69, a quick ratio of 5.91 and a current ratio of 5.91.

UDR Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, January 31st. Investors of record on Thursday, January 9th will be issued a dividend of $0.425 per share. The ex-dividend date of this dividend is Thursday, January 9th. This represents a $1.70 annualized dividend and a yield of 3.95%. UDR's dividend payout ratio (DPR) is currently 459.46%.

Analyst Ratings Changes

Several research firms have recently weighed in on UDR. Scotiabank decreased their price objective on shares of UDR from $49.00 to $48.00 and set a "sector perform" rating for the company in a research report on Thursday, November 14th. Royal Bank of Canada dropped 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. The Goldman Sachs Group initiated coverage on UDR in a report on Wednesday, September 4th. They issued a "sell" rating and a $42.00 target price for the company. JPMorgan Chase & Co. increased their price target on UDR from $43.00 to $50.00 and gave the stock an "overweight" rating in a report on Monday, September 16th. Finally, Deutsche Bank Aktiengesellschaft lifted their price objective on shares of UDR from $40.00 to $44.00 and gave the company a "hold" rating in a research note on Tuesday, September 10th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus price target of $46.00.

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.