Oak Thistle LLC Acquires Shares of 12,884 UDR, Inc. (NYSE:UDR)

Oak Thistle LLC purchased a new stake in shares of UDR, Inc. (NYSE:UDR - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor purchased 12,884 shares of the real estate investment trust's stock, valued at approximately $559,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of UDR. Activest Wealth Management bought a new position in UDR in the third quarter valued at about $27,000. Brooklyn Investment Group bought a new position in shares of UDR in the 3rd quarter worth approximately $33,000. Quest Partners LLC purchased a new position in shares of UDR in the second quarter worth approximately $37,000. Continuum Advisory LLC boosted its holdings in shares of UDR by 5,335.3% in the third quarter. Continuum Advisory LLC now owns 924 shares of the real estate investment trust's stock worth $41,000 after buying an additional 907 shares during the last quarter. Finally, Mather Group LLC. grew its position in UDR by 58.2% during the third quarter. Mather Group LLC. now owns 998 shares of the real estate investment trust's stock valued at $45,000 after buying an additional 367 shares during the period. 97.84% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on UDR. StockNews.com cut shares of UDR from a "hold" rating to a "sell" rating in a research note on Thursday, January 2nd. Royal Bank of Canada lowered their target price on UDR from $46.00 to $45.00 and set a "sector perform" rating on the stock in a research report on Tuesday, November 5th. Scotiabank reduced their price target on UDR from $49.00 to $48.00 and set a "sector perform" rating for the company in a research report on Thursday, November 14th. Jefferies Financial Group cut UDR from a "buy" rating to a "hold" rating and lowered their price objective for the company from $50.00 to $45.00 in a research report on Thursday, January 2nd. Finally, Barclays assumed coverage on shares of UDR in a report on Tuesday, December 17th. They issued an "overweight" rating and a $50.00 target price for the company. Two investment 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. According to MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus price target of $46.35.

UDR Price Performance

Shares of UDR traded down $0.16 during midday trading on Friday, hitting $41.23. 1,655,142 shares of the company traded hands, compared to its average volume of 2,047,181. The stock has a market cap of $13.60 billion, a price-to-earnings ratio of 111.42, a PEG ratio of 10.92 and a beta of 0.89. The firm has a 50 day moving average of $43.79 and a 200-day moving average of $43.38. 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 $34.19 and a 52 week high of $47.55.

UDR Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 31st. Shareholders of record on Thursday, January 9th will be paid a $0.425 dividend. This represents a $1.70 dividend on an annualized basis and a yield of 4.12%. The ex-dividend date is Friday, January 10th. UDR's payout ratio is 459.47%.

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.