Los Angeles Capital Management LLC Boosts Stock Position in UDR, Inc. (NYSE:UDR)

Los Angeles Capital Management LLC lifted its holdings in shares of UDR, Inc. (NYSE:UDR - Free Report) by 1,665.3% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 369,448 shares of the real estate investment trust's stock after purchasing an additional 348,520 shares during the period. Los Angeles Capital Management LLC owned about 0.11% of UDR worth $16,751,000 at the end of the most recent reporting period.

Several other institutional investors also recently added to or reduced their stakes in the stock. Vanguard Group Inc. increased its holdings in UDR by 0.5% in the 1st quarter. Vanguard Group Inc. now owns 51,063,214 shares of the real estate investment trust's stock worth $1,910,275,000 after acquiring an additional 233,475 shares during the last quarter. Centersquare Investment Management LLC raised its position in shares of UDR by 17.7% in the first quarter. Centersquare Investment Management LLC now owns 9,550,638 shares of the real estate investment trust's stock valued at $363,688,000 after purchasing an additional 1,433,463 shares during the period. Dimensional Fund Advisors LP boosted its holdings in UDR by 2.2% in the 2nd quarter. Dimensional Fund Advisors LP now owns 4,732,429 shares of the real estate investment trust's stock worth $194,737,000 after buying an additional 103,384 shares during the period. Capital Research Global Investors purchased a new position in UDR in the 1st quarter valued at approximately $176,137,000. Finally, Millennium Management LLC raised its holdings in UDR by 115.3% during the 2nd quarter. Millennium Management LLC now owns 3,499,150 shares of the real estate investment trust's stock valued at $143,990,000 after acquiring an additional 1,874,096 shares during the period. Institutional investors own 97.84% of the company's stock.

UDR Stock Up 0.4 %

UDR stock traded up $0.17 during midday trading on Monday, hitting $44.65. The company's stock had a trading volume of 1,931,251 shares, compared to its average volume of 2,510,186. The company has a market cap of $14.73 billion, a PE ratio of 121.57, a P/E/G ratio of 9.72 and a beta of 0.85. The firm's 50-day moving average is $44.62 and its 200-day moving average is $41.90. UDR, Inc. has a 12 month low of $31.94 and a 12 month high of $47.55. The company has a current ratio of 5.91, a quick ratio of 5.91 and a debt-to-equity ratio of 1.69.

UDR Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, October 31st. Shareholders of record on Thursday, October 10th were given a $0.425 dividend. This represents a $1.70 dividend on an annualized basis and a yield of 3.81%. The ex-dividend date of this dividend was Thursday, October 10th. UDR's dividend payout ratio (DPR) is presently 459.46%.

Analyst Ratings Changes

UDR has been the subject of several recent research reports. Royal Bank of Canada reduced their price target on UDR from $46.00 to $45.00 and set a "sector perform" rating for the company in a research report on Tuesday, November 5th. Deutsche Bank Aktiengesellschaft lifted their price objective on shares of UDR from $40.00 to $44.00 and gave the stock a "hold" rating in a report on Tuesday, September 10th. JPMorgan Chase & Co. raised their price target on UDR from $43.00 to $50.00 and gave the company an "overweight" rating in a research report on Monday, September 16th. Scotiabank upped their price objective on UDR from $45.00 to $49.00 and gave the stock a "sector perform" rating in a report on Monday, September 16th. Finally, BNP Paribas assumed coverage on UDR in a report on Wednesday, September 11th. They set an "outperform" rating and a $49.00 price objective on the stock. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat.com, UDR has an average rating of "Hold" and an average price target of $45.24.

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.