Unigestion Holding SA Acquires New Holdings in UDR, Inc. (NYSE:UDR)

Unigestion Holding SA acquired a new stake in UDR, Inc. (NYSE:UDR - Free Report) during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund acquired 11,765 shares of the real estate investment trust's stock, valued at approximately $533,000.

A number of other institutional investors have also modified their holdings of the company. Family Firm Inc. acquired a new position in shares of UDR during the 2nd quarter valued at $26,000. Activest Wealth Management acquired a new position in shares of UDR during the third quarter worth about $27,000. UMB Bank n.a. purchased a new stake in shares of UDR in the second quarter worth about $33,000. Brooklyn Investment Group purchased a new stake in shares of UDR in the third quarter worth about $33,000. Finally, Rothschild Investment LLC acquired a new stake in shares of UDR in the second quarter valued at about $35,000. Hedge funds and other institutional investors own 97.84% of the company's stock.

Analysts Set New Price Targets

A number of equities analysts have weighed in on UDR shares. The Goldman Sachs Group began coverage on UDR in a report on Wednesday, September 4th. They issued a "sell" rating and a $42.00 price target for the company. Wells Fargo & Company raised their price target on shares of UDR from $41.00 to $48.00 and gave the company an "overweight" rating in a report on Monday, August 26th. 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 report on Tuesday, September 10th. Scotiabank lowered their target price on 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, Evercore ISI boosted their price target on UDR from $42.00 to $43.00 and gave the stock an "in-line" rating in a research note on Monday, September 9th. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus target price of $45.18.

UDR Stock Performance

Shares of NYSE UDR traded up $0.53 during midday trading on Thursday, hitting $44.84. The company's stock had a trading volume of 1,220,105 shares, compared to its average volume of 2,436,619. The company has a debt-to-equity ratio of 1.69, a quick ratio of 5.91 and a current ratio of 5.91. UDR, Inc. has a 1-year low of $34.19 and a 1-year high of $47.55. The firm's fifty day moving average price is $44.37 and its 200-day moving average price is $42.87. The firm has a market cap of $14.80 billion, a P/E ratio of 121.19, a P/E/G ratio of 12.44 and a beta of 0.87.

UDR Dividend Announcement

The business 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. The ex-dividend date was Thursday, October 10th. This represents a $1.70 dividend on an annualized basis and a yield of 3.79%. UDR's payout ratio is currently 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.