UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Boosts Holdings in UDR, Inc. (NYSE:UDR)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in UDR, Inc. (NYSE:UDR - Free Report) by 862.3% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 3,086,964 shares of the real estate investment trust's stock after purchasing an additional 2,766,172 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned approximately 0.94% of UDR worth $139,963,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Zurcher Kantonalbank Zurich Cantonalbank raised its position in UDR by 1.8% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 239,626 shares of the real estate investment trust's stock worth $10,865,000 after acquiring an additional 4,282 shares in the last quarter. Townsquare Capital LLC acquired a new stake in shares of UDR during the 3rd quarter worth $224,000. BNP Paribas Financial Markets increased its position in shares of UDR by 52.7% in the third quarter. BNP Paribas Financial Markets now owns 412,282 shares of the real estate investment trust's stock worth $18,693,000 after acquiring an additional 142,329 shares in the last quarter. Brooklyn Investment Group acquired a new stake in shares of UDR in the third quarter valued at about $33,000. Finally, FMR LLC grew its stake in shares of UDR by 14.8% during the third quarter. FMR LLC now owns 11,401,026 shares of the real estate investment trust's stock valued at $516,923,000 after acquiring an additional 1,471,855 shares in the last quarter. 97.84% of the stock is owned by hedge funds and other institutional investors.

UDR Trading Down 1.2 %

Shares of UDR stock traded down $0.55 on Monday, reaching $45.31. 1,997,965 shares of the company's stock were exchanged, compared to its average volume of 2,472,863. UDR, Inc. has a 52 week low of $33.99 and a 52 week high of $47.55. The stock has a market capitalization of $14.95 billion, a PE ratio of 122.46, a P/E/G ratio of 12.72 and a beta of 0.85. The company's fifty day simple moving average is $44.45 and its 200 day simple moving average is $42.63. The company has a current ratio of 5.91, a quick ratio of 5.91 and a debt-to-equity ratio of 1.69.

UDR Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, October 31st. Investors of record on Thursday, October 10th were given a $0.425 dividend. 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 3.75%. UDR's dividend payout ratio is currently 459.46%.

Wall Street Analysts Forecast Growth

UDR has been the subject of a number of research analyst reports. Royal Bank of Canada lowered their price target on UDR from $46.00 to $45.00 and set a "sector perform" rating for the company in a report on Tuesday, November 5th. JPMorgan Chase & Co. boosted their price target on shares of UDR from $43.00 to $50.00 and gave the company an "overweight" rating in a report on Monday, September 16th. Piper Sandler lifted their price objective on UDR from $40.00 to $46.00 and gave the stock a "neutral" rating in a research note on Monday, August 26th. Scotiabank cut their price target 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, November 14th. Finally, Deutsche Bank Aktiengesellschaft boosted their price objective on shares of UDR from $40.00 to $44.00 and gave the stock a "hold" rating in a research report on Tuesday, September 10th. Two research analysts have rated the stock with a sell rating, eight have given a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat.com, UDR currently has a consensus rating of "Hold" and a consensus price target of $45.18.

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.