Mizuho Securities USA LLC Has $90.68 Million Holdings in UDR, Inc. (NYSE:UDR)

Mizuho Securities USA LLC grew its position in UDR, Inc. (NYSE:UDR - Free Report) by 8,460.5% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,000,000 shares of the real estate investment trust's stock after purchasing an additional 1,976,637 shares during the period. Mizuho Securities USA LLC owned approximately 0.61% of UDR worth $90,680,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the business. BNP PARIBAS ASSET MANAGEMENT Holding S.A. grew its stake in shares of UDR by 370.6% during the first quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 222,940 shares of the real estate investment trust's stock valued at $8,340,000 after acquiring an additional 175,566 shares in the last quarter. State Board of Administration of Florida Retirement System grew its position in shares of UDR by 5.2% during the 1st quarter. State Board of Administration of Florida Retirement System now owns 375,172 shares of the real estate investment trust's stock valued at $15,405,000 after buying an additional 18,570 shares during the last quarter. Intech Investment Management LLC acquired a new stake in UDR during the first quarter worth about $213,000. Vanguard Group Inc. raised its stake in UDR by 0.5% during the first 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 period. Finally, Covestor Ltd lifted its holdings in UDR by 18.3% in the first quarter. Covestor Ltd now owns 3,336 shares of the real estate investment trust's stock worth $125,000 after acquiring an additional 515 shares during the last quarter. 97.84% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on the company. BNP Paribas assumed 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. Deutsche Bank Aktiengesellschaft raised their target price on UDR from $40.00 to $44.00 and gave the company a "hold" rating in a research note on Tuesday, September 10th. Piper Sandler upped their price target on shares of UDR from $40.00 to $46.00 and gave the stock a "neutral" rating in a research report on Monday, August 26th. Evercore ISI increased their price objective on shares of UDR from $42.00 to $43.00 and gave the stock an "in-line" rating in a report on Monday, September 9th. Finally, Scotiabank reduced their target price on shares of UDR from $49.00 to $48.00 and set a "sector perform" rating for the company in a research note on Thursday. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating and eight have given a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Hold" and an average price target of $45.18.

UDR Price Performance

Shares of NYSE:UDR traded down $0.24 during trading hours on Friday, hitting $44.31. 3,211,598 shares of the company's stock traded hands, compared to its average volume of 2,512,087. The company's fifty day simple moving average is $44.63 and its two-hundred day simple moving average is $42.07. The company has a market cap of $14.62 billion, a price-to-earnings ratio of 119.76, a price-to-earnings-growth ratio of 12.55 and a beta of 0.85. 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, Inc. has a 52 week low of $32.37 and a 52 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 given a $0.425 dividend. The ex-dividend date was Thursday, October 10th. This represents a $1.70 annualized dividend and a yield of 3.84%. UDR's dividend payout ratio (DPR) is 459.46%.

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.