UDR, Inc. (NYSE:UDR) Shares Bought by Fmr LLC

FMR LLC lifted its position in shares of UDR, Inc. (NYSE:UDR - Free Report) by 14.8% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 11,401,026 shares of the real estate investment trust's stock after acquiring an additional 1,471,855 shares during the quarter. FMR LLC owned 3.46% of UDR worth $516,923,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in the company. Daiwa Securities Group Inc. increased its holdings in UDR by 2.3% in the third quarter. Daiwa Securities Group Inc. now owns 7,109,980 shares of the real estate investment trust's stock valued at $322,366,000 after buying an additional 159,625 shares in the last quarter. Dimensional Fund Advisors LP increased its stake 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 valued at $194,737,000 after purchasing an additional 103,384 shares in the last quarter. Charles Schwab Investment Management Inc. increased its stake in UDR by 2.8% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 4,272,032 shares of the real estate investment trust's stock valued at $193,694,000 after purchasing an additional 117,213 shares in the last quarter. Millennium Management LLC raised its holdings in UDR by 115.3% during the second quarter. Millennium Management LLC now owns 3,499,150 shares of the real estate investment trust's stock worth $143,990,000 after purchasing an additional 1,874,096 shares during the last quarter. Finally, Canada Pension Plan Investment Board boosted its position in 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. 97.84% of the stock is owned by hedge funds and other institutional investors.

UDR Stock Down 1.0 %

Shares of NYSE UDR traded down $0.47 on Friday, hitting $45.86. The company had a trading volume of 1,142,399 shares, compared to its average volume of 2,475,292. The company has a quick ratio of 5.91, a current ratio of 5.91 and a debt-to-equity ratio of 1.69. UDR, Inc. has a 12-month low of $33.02 and a 12-month high of $47.55. The firm has a market capitalization of $15.13 billion, a P/E ratio of 123.95, a PEG ratio of 12.85 and a beta of 0.85. The business has a 50 day moving average of $44.47 and a two-hundred day moving average of $42.57.

UDR Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, October 31st. Shareholders of record on Thursday, October 10th were issued a $0.425 dividend. This represents a $1.70 dividend on an annualized basis and a yield of 3.71%. The ex-dividend date was Thursday, October 10th. UDR's dividend payout ratio is presently 459.47%.

Analyst Ratings Changes

Several research analysts have weighed in on the company. Truist Financial boosted their price target on UDR from $44.00 to $47.00 and gave the company a "buy" rating in a report on Monday, August 26th. BNP Paribas started coverage on UDR in a research report on Wednesday, September 11th. They set an "outperform" rating and a $49.00 target price on the stock. The Goldman Sachs Group initiated coverage on UDR in a report on Wednesday, September 4th. They issued a "sell" rating and a $42.00 price target for the company. StockNews.com lowered shares of UDR from a "hold" rating to a "sell" rating in a report on Tuesday, November 19th. Finally, Deutsche Bank Aktiengesellschaft boosted their target price on shares of UDR from $40.00 to $44.00 and gave the company a "hold" rating in a 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 given a buy rating to the stock. According to data from MarketBeat.com, UDR presently 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.