Charles Schwab Investment Management Inc. Increases Holdings in UDR, Inc. (NYSE:UDR)

Charles Schwab Investment Management Inc. lifted its position in UDR, Inc. (NYSE:UDR - Free Report) by 2.8% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 4,272,032 shares of the real estate investment trust's stock after purchasing an additional 117,213 shares during the period. Charles Schwab Investment Management Inc. owned about 1.29% of UDR worth $193,694,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently modified their holdings of the company. Dimensional Fund Advisors LP boosted its holdings in UDR by 2.2% in 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 buying an additional 103,384 shares during the period. Millennium Management LLC lifted its position in shares of UDR by 115.3% in the second quarter. Millennium Management LLC now owns 3,499,150 shares of the real estate investment trust's stock valued at $143,990,000 after acquiring an additional 1,874,096 shares in the last quarter. PGGM Investments boosted its stake in shares of UDR by 38.2% in the first quarter. PGGM Investments now owns 3,211,724 shares of the real estate investment trust's stock worth $120,151,000 after acquiring an additional 887,060 shares during the period. Canada Pension Plan Investment Board grew its position in shares of UDR by 2.6% during the second quarter. Canada Pension Plan Investment Board now owns 2,982,797 shares of the real estate investment trust's stock worth $122,742,000 after purchasing an additional 76,500 shares in the last quarter. Finally, Mizuho Securities USA LLC raised its stake in UDR by 8,460.5% during the 3rd quarter. Mizuho Securities USA LLC now owns 2,000,000 shares of the real estate investment trust's stock valued at $90,680,000 after purchasing an additional 1,976,637 shares during the period. 97.84% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several research analysts have weighed in on UDR shares. Royal Bank of Canada dropped their price target on UDR from $46.00 to $45.00 and set a "sector perform" rating for the company in a research note on Tuesday, November 5th. Evercore ISI raised their target price on shares of UDR from $42.00 to $43.00 and gave the company an "in-line" rating in a research note on Monday, September 9th. JPMorgan Chase & Co. lifted 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. BNP Paribas initiated coverage on shares of UDR in a report on Wednesday, September 11th. They set an "outperform" rating and a $49.00 price objective for the company. Finally, Truist Financial lifted their target price on UDR from $44.00 to $47.00 and gave the stock a "buy" rating in a report on Monday, August 26th. Two equities 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. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average price target of $45.18.

UDR Trading Up 0.6 %

Shares of UDR stock traded up $0.28 during trading on Friday, hitting $45.09. The stock had a trading volume of 1,536,143 shares, compared to its average volume of 2,277,891. UDR, Inc. has a 12 month low of $32.85 and a 12 month high of $47.55. 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 firm's fifty day simple moving average is $44.50 and its 200-day simple moving average is $42.32. The stock has a market cap of $14.88 billion, a PE ratio of 121.86, a PEG ratio of 12.51 and a beta of 0.85.

UDR Announces Dividend

The firm 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 of this dividend was Thursday, October 10th. This represents a $1.70 annualized dividend and a dividend yield of 3.77%. UDR's dividend payout ratio (DPR) is presently 459.46%.

UDR Company 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.