KBC Group NV Sells 23,885 Shares of UDR, Inc. (NYSE:UDR)

KBC Group NV lowered its position in shares of UDR, Inc. (NYSE:UDR - Free Report) by 7.7% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 284,427 shares of the real estate investment trust's stock after selling 23,885 shares during the period. KBC Group NV owned approximately 0.09% of UDR worth $12,346,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently added to or reduced their stakes in the company. FMR LLC grew its stake in shares of UDR by 14.8% during the 3rd quarter. FMR LLC now owns 11,401,026 shares of the real estate investment trust's stock valued at $516,923,000 after purchasing an additional 1,471,855 shares during the period. JPMorgan Chase & Co. lifted its holdings in UDR by 5.0% during the third quarter. JPMorgan Chase & Co. now owns 7,774,541 shares of the real estate investment trust's stock valued at $352,498,000 after purchasing an additional 368,087 shares in the last quarter. Daiwa Securities Group Inc. boosted its position in shares of UDR by 2.3% in the third quarter. Daiwa Securities Group Inc. now owns 7,109,980 shares of the real estate investment trust's stock worth $322,366,000 after purchasing an additional 159,625 shares during the period. Charles Schwab Investment Management Inc. increased its stake in shares of UDR by 2.8% in the third quarter. Charles Schwab Investment Management Inc. now owns 4,272,032 shares of the real estate investment trust's stock worth $193,694,000 after purchasing an additional 117,213 shares in the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in shares of UDR by 862.3% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 3,086,964 shares of the real estate investment trust's stock worth $139,963,000 after purchasing an additional 2,766,172 shares in the last quarter. 97.84% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several brokerages recently weighed in on UDR. StockNews.com downgraded shares of UDR from a "hold" rating to a "sell" rating in a report on Thursday, January 2nd. Jefferies Financial Group downgraded UDR from a "buy" rating to a "hold" rating and decreased their target price for the company from $50.00 to $45.00 in a research note on Thursday, January 2nd. Mizuho dropped their price target on UDR from $47.00 to $45.00 and set a "neutral" rating for the company in a research note on Monday, January 6th. Barclays reduced their price objective on shares of UDR from $50.00 to $48.00 and set an "overweight" rating on the stock in a research report on Friday, January 24th. Finally, Wells Fargo & Company dropped their target price on shares of UDR from $48.00 to $45.00 and set an "overweight" rating for the company in a research report on Friday, January 24th. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating and eight have issued a buy rating to the company's stock. According to data from MarketBeat.com, UDR presently has a consensus rating of "Hold" and an average target price of $46.06.

UDR Trading Up 2.2 %

UDR traded up $0.92 during trading on Thursday, reaching $41.71. The company had a trading volume of 464,124 shares, compared to its average volume of 1,928,726. The company has a quick ratio of 5.91, a current ratio of 5.91 and a debt-to-equity ratio of 1.69. The stock has a market cap of $13.76 billion, a P/E ratio of 112.76, a PEG ratio of 11.03 and a beta of 0.89. UDR, Inc. has a 52 week low of $34.19 and a 52 week high of $47.55. The business has a 50 day simple moving average of $43.16 and a 200-day simple moving average of $43.41.

UDR Dividend Announcement

The firm also recently disclosed 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. This represents a $1.70 dividend on an annualized basis and a yield of 4.08%. The ex-dividend date of this dividend is Friday, January 10th. UDR's payout ratio is currently 459.47%.

UDR Company 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.