KBC Group NV Has $13.98 Million Holdings in UDR, Inc. (NYSE:UDR)

KBC Group NV boosted its stake in UDR, Inc. (NYSE:UDR - Free Report) by 658.5% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 308,312 shares of the real estate investment trust's stock after buying an additional 267,662 shares during the quarter. KBC Group NV owned approximately 0.09% of UDR worth $13,979,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of UDR. Family Firm Inc. acquired a new stake in UDR in the 2nd quarter worth approximately $26,000. UMB Bank n.a. bought a new stake in shares of UDR in the 2nd quarter worth approximately $33,000. Rothschild Investment LLC acquired a new stake in shares of UDR during the 2nd quarter worth approximately $35,000. Quest Partners LLC bought a new stake in shares of UDR during the second quarter valued at approximately $37,000. Finally, Blue Trust Inc. raised its stake 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 purchasing an additional 947 shares in the last quarter. 97.84% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

UDR has been the topic of several analyst reports. StockNews.com lowered shares of UDR from a "hold" rating to a "sell" rating in a report on Wednesday, November 6th. Scotiabank decreased their price objective on UDR from $49.00 to $48.00 and set a "sector perform" rating on the stock in a report on Thursday. BNP Paribas assumed coverage on UDR in a report on Wednesday, September 11th. They issued an "outperform" rating and a $49.00 target price for the company. UBS Group raised their target price on UDR from $48.00 to $52.00 and gave the stock a "buy" rating in a research report on Thursday, September 12th. Finally, The Goldman Sachs Group started coverage on UDR in a research report on Wednesday, September 4th. They issued a "sell" rating and a $42.00 price target on the stock. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus price target of $45.18.

UDR Stock Performance

NYSE UDR traded down $0.24 during trading on Friday, reaching $44.31. 3,211,598 shares of the company's stock were exchanged, compared to its average volume of 2,260,989. 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 business has a 50 day moving average price of $44.63 and a 200-day moving average price of $42.10. The stock has a market capitalization of $14.62 billion, a P/E ratio of 119.76, a PEG ratio of 12.30 and a beta of 0.85. UDR, Inc. has a fifty-two week low of $32.37 and a fifty-two week high of $47.55.

UDR Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, October 31st. Shareholders of record on Thursday, October 10th were issued a dividend of $0.425 per share. This represents a $1.70 annualized dividend and a yield of 3.84%. The ex-dividend date of this dividend was Thursday, October 10th. UDR's dividend payout ratio is 459.47%.

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.