MQS Management LLC Acquires New Position in UDR, Inc. (NYSE:UDR)

MQS Management LLC acquired a new stake in UDR, Inc. (NYSE:UDR - Free Report) during the third quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 15,710 shares of the real estate investment trust's stock, valued at approximately $712,000.

Several other large investors also recently made changes to their positions in UDR. Family Firm Inc. purchased a new position in UDR in the second quarter worth $26,000. UMB Bank n.a. bought a new stake in UDR in the 2nd quarter valued at about $33,000. Rothschild Investment LLC bought a new position in UDR during the second quarter worth about $35,000. Quest Partners LLC bought a new stake in shares of UDR in the second quarter valued at approximately $37,000. Finally, Blue Trust Inc. lifted its stake in shares of UDR by 1,018.3% during the 2nd quarter. Blue Trust Inc. now owns 1,040 shares of the real estate investment trust's stock valued at $39,000 after buying an additional 947 shares in the last quarter. 97.84% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

UDR has been the subject of a number of recent analyst reports. Wells Fargo & Company lifted their target price on UDR from $41.00 to $48.00 and gave the company an "overweight" rating in a report on Monday, August 26th. Royal Bank of Canada lowered their target price on shares of UDR from $46.00 to $45.00 and set a "sector perform" rating on the stock in a research note on Tuesday, November 5th. Scotiabank boosted their price target on shares of UDR from $45.00 to $49.00 and gave the company a "sector perform" rating in a research report on Monday, September 16th. The Goldman Sachs Group began coverage on UDR in a research report on Wednesday, September 4th. They issued a "sell" rating and a $42.00 price objective on the stock. Finally, UBS Group boosted 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. 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 company's stock. Based on data from MarketBeat.com, UDR currently has a consensus rating of "Hold" and an average target price of $45.24.

UDR Stock Up 2.1 %

NYSE UDR traded up $0.92 on Wednesday, hitting $45.19. The stock had a trading volume of 2,831,666 shares, compared to its average volume of 2,509,615. The stock has a market cap of $14.91 billion, a price-to-earnings ratio of 122.54, a price-to-earnings-growth ratio of 12.29 and a beta of 0.85. The company has a debt-to-equity ratio of 1.69, a current ratio of 5.91 and a quick ratio of 5.91. UDR, Inc. has a 52-week low of $32.37 and a 52-week high of $47.55. The business's fifty day moving average price is $44.61 and its 200 day moving average price is $41.99.

UDR Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, October 31st. Investors of record on Thursday, October 10th were given a dividend of $0.425 per share. The ex-dividend date was Thursday, October 10th. This represents a $1.70 dividend on an annualized basis and a yield of 3.76%. UDR's dividend payout ratio is presently 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.