Robeco Institutional Asset Management B.V. Buys 45,134 Shares of UDR, Inc. (NYSE:UDR)

Robeco Institutional Asset Management B.V. boosted its position in shares of UDR, Inc. (NYSE:UDR - Free Report) by 354.1% during the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 57,879 shares of the real estate investment trust's stock after buying an additional 45,134 shares during the quarter. Robeco Institutional Asset Management B.V.'s holdings in UDR were worth $2,624,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Capital Research Global Investors bought a new position in UDR in the first quarter valued at about $176,137,000. Millennium Management LLC boosted its stake in shares of UDR by 115.3% in the 2nd quarter. Millennium Management LLC now owns 3,499,150 shares of the real estate investment trust's stock valued at $143,990,000 after purchasing an additional 1,874,096 shares during the last quarter. Centersquare Investment Management LLC grew its position in shares of UDR by 17.7% during the 1st quarter. Centersquare Investment Management LLC now owns 9,550,638 shares of the real estate investment trust's stock worth $363,688,000 after buying an additional 1,433,463 shares during the period. PGGM Investments raised its stake in shares of UDR by 38.2% during the first quarter. PGGM Investments now owns 3,211,724 shares of the real estate investment trust's stock worth $120,151,000 after buying an additional 887,060 shares during the last quarter. Finally, Lasalle Investment Management Securities LLC lifted its holdings in UDR by 64.6% in the first quarter. Lasalle Investment Management Securities LLC now owns 1,447,425 shares of the real estate investment trust's stock valued at $54,148,000 after buying an additional 567,878 shares during the period. 97.84% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

UDR has been the subject of a number of analyst reports. Scotiabank lifted their target price on shares of UDR from $45.00 to $49.00 and gave the stock a "sector perform" rating in a report on Monday, September 16th. Truist Financial upped their price objective on UDR from $44.00 to $47.00 and gave the company a "buy" rating in a report on Monday, August 26th. JPMorgan Chase & Co. raised their target price on UDR from $43.00 to $50.00 and gave the stock an "overweight" rating in a report on Monday, September 16th. Evercore ISI boosted their target price on UDR from $42.00 to $43.00 and gave the stock an "in-line" rating in a research report on Monday, September 9th. Finally, Wedbush increased their price target on shares of UDR from $45.00 to $49.00 and gave the company an "outperform" rating in a research report on Monday, August 5th. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat.com, UDR has a consensus rating of "Hold" and an average price target of $45.24.

UDR Stock Up 2.2 %

Shares of UDR traded up $0.94 during midday trading on Friday, hitting $44.48. The stock had a trading volume of 2,318,840 shares, compared to its average volume of 2,173,450. 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 has a market cap of $14.68 billion, a price-to-earnings ratio of 120.22, a price-to-earnings-growth ratio of 9.72 and a beta of 0.85. The company has a 50 day simple moving average of $44.62 and a two-hundred day simple moving average of $41.87. UDR, Inc. has a twelve month low of $31.87 and a twelve month high of $47.55.

UDR Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, October 31st. Shareholders of record on Thursday, October 10th were paid a $0.425 dividend. This represents a $1.70 annualized dividend and a yield of 3.82%. The ex-dividend date was Thursday, October 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.