International Assets Investment Management LLC Buys 43,253 Shares of UDR, Inc. (NYSE:UDR)

International Assets Investment Management LLC lifted its holdings in shares of UDR, Inc. (NYSE:UDR - Free Report) by 4,436.2% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 44,228 shares of the real estate investment trust's stock after purchasing an additional 43,253 shares during the period. International Assets Investment Management LLC's holdings in UDR were worth $2,005,000 as of its most recent filing with the SEC.

Other institutional investors also recently modified their holdings of the company. Vanguard Group Inc. boosted its stake in shares of 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 valued at $1,910,275,000 after purchasing an additional 233,475 shares during the last quarter. Centersquare Investment Management LLC boosted its position in UDR by 17.7% during 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 acquiring an additional 1,433,463 shares during the last quarter. Dimensional Fund Advisors LP grew its holdings in UDR by 2.2% during 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 acquiring an additional 103,384 shares during the period. Capital Research Global Investors bought a new position in shares of UDR in the 1st quarter worth about $176,137,000. Finally, Millennium Management LLC lifted its stake in shares of UDR by 115.3% in 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 purchasing an additional 1,874,096 shares during the period. Institutional investors own 97.84% of the company's stock.

UDR Stock Up 1.9 %

Shares of UDR traded up $0.77 during trading hours on Monday, reaching $42.07. 3,082,453 shares of the stock traded hands, compared to its average volume of 2,509,057. UDR, Inc. has a 52 week low of $31.87 and a 52 week high of $47.55. The company has a market cap of $13.88 billion, a price-to-earnings ratio of 113.70, a PEG ratio of 9.21 and a beta of 0.85. The stock has a fifty day simple moving average of $44.66 and a 200 day simple moving average of $41.72. The company has a current ratio of 1.46, a quick ratio of 5.82 and a debt-to-equity ratio of 1.69.

UDR Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, October 31st. Shareholders 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 annualized dividend and a dividend yield of 4.04%. UDR's dividend payout ratio is currently 459.46%.

Analyst Ratings Changes

UDR has been the subject of a number of research analyst reports. Royal Bank of Canada lowered their target price on UDR from $41.00 to $40.00 and set a "sector perform" rating for the company in a report on Thursday, August 1st. JPMorgan Chase & Co. lifted their price objective on shares of UDR from $43.00 to $50.00 and gave the company an "overweight" rating in a research note on Monday, September 16th. Evercore ISI increased their target price on shares of UDR from $42.00 to $43.00 and gave the stock an "in-line" rating in a research note on Monday, September 9th. The Goldman Sachs Group started coverage on shares of UDR in a research note on Wednesday, September 4th. They issued a "sell" rating and a $42.00 price target for the company. Finally, Piper Sandler increased their price objective 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. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and eight have given a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Hold" and an average price target of $44.94.

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.