Paloma Partners Management Co Invests $608,000 in UDR, Inc. (NYSE:UDR)

Paloma Partners Management Co purchased a new stake in UDR, Inc. (NYSE:UDR - Free Report) during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 13,400 shares of the real estate investment trust's stock, valued at approximately $608,000.

A number of other institutional investors have also recently made changes to their positions in UDR. Family Firm Inc. bought a new stake in shares of UDR during the 2nd quarter valued at about $26,000. Activest Wealth Management bought a new stake in shares of UDR during the 3rd quarter valued at about $27,000. UMB Bank n.a. bought a new stake in shares of UDR during the 2nd quarter valued at about $33,000. Brooklyn Investment Group bought a new stake in shares of UDR during the 3rd quarter valued at about $33,000. Finally, Rothschild Investment LLC bought a new position in UDR in the second quarter worth approximately $35,000. Institutional investors own 97.84% of the company's stock.

UDR Trading Up 0.4 %

NYSE:UDR traded up $0.20 during mid-day trading on Wednesday, reaching $44.99. 1,162,820 shares of the company's stock traded hands, compared to its average volume of 2,464,783. UDR, Inc. has a 12-month low of $33.99 and a 12-month high of $47.55. The firm has a market capitalization of $14.84 billion, a price-to-earnings ratio of 121.60, a PEG ratio of 12.57 and a beta of 0.87. The company has a debt-to-equity ratio of 1.69, a current ratio of 5.91 and a quick ratio of 5.91. The company has a 50 day moving average price of $44.41 and a 200-day moving average price of $42.69.

UDR Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, October 31st. Investors of record on Thursday, October 10th were issued a dividend of $0.425 per share. The ex-dividend date of this dividend was Thursday, October 10th. This represents a $1.70 dividend on an annualized basis and a yield of 3.78%. UDR's dividend payout ratio is presently 459.47%.

Wall Street Analyst Weigh In

UDR has been the topic of several recent research reports. StockNews.com lowered UDR from a "hold" rating to a "sell" rating in a report on Tuesday, November 19th. Wells Fargo & Company increased their price target on UDR from $41.00 to $48.00 and gave the company an "overweight" rating in a research report on Monday, August 26th. Royal Bank of Canada reduced their price objective on UDR from $46.00 to $45.00 and set a "sector perform" rating for the company in a report on Tuesday, November 5th. Piper Sandler increased their price objective on UDR from $40.00 to $46.00 and gave the company a "neutral" rating in a report on Monday, August 26th. Finally, JPMorgan Chase & Co. raised their price target on UDR from $43.00 to $50.00 and gave the stock an "overweight" rating in a report on Monday, September 16th. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and eight have assigned a buy rating to the company's stock. According to MarketBeat, UDR has an average rating of "Hold" and a consensus target price of $45.18.

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.