Verition Fund Management LLC decreased its stake in shares of UDR, Inc. (NYSE:UDR - Free Report) by 40.9% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 224,131 shares of the real estate investment trust's stock after selling 155,033 shares during the period. Verition Fund Management LLC owned approximately 0.07% of UDR worth $10,162,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also made changes to their positions in the company. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in shares of UDR by 862.3% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 3,086,964 shares of the real estate investment trust's stock valued at $139,963,000 after purchasing an additional 2,766,172 shares during the period. Mizuho Securities USA LLC grew its holdings in shares of UDR by 8,460.5% during the third quarter. Mizuho Securities USA LLC now owns 2,000,000 shares of the real estate investment trust's stock worth $90,680,000 after buying an additional 1,976,637 shares in the last quarter. Millennium Management LLC raised its position in 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 buying an additional 1,874,096 shares during the last quarter. FMR LLC lifted its stake in UDR by 14.8% in the 3rd 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. Finally, APG Asset Management US Inc. acquired a new position in UDR during the 2nd quarter worth approximately $22,572,000. 97.84% of the stock is currently owned by institutional investors and hedge funds.
Analyst Upgrades and Downgrades
UDR has been the topic of a number of recent research reports. Truist Financial boosted their price objective on shares of UDR from $44.00 to $47.00 and gave the stock a "buy" rating in a research report on Monday, August 26th. BNP Paribas started coverage on shares of UDR in a research report on Wednesday, September 11th. They set an "outperform" rating and a $49.00 price target 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 objective for the company. Wedbush upped their target price on UDR from $45.00 to $49.00 and gave the stock an "outperform" rating in a report on Monday, August 5th. Finally, Deutsche Bank Aktiengesellschaft raised their price target on UDR from $40.00 to $44.00 and gave the company a "hold" rating in a research note on Tuesday, September 10th. Two analysts have rated the stock with a sell rating, eight have issued a hold rating and eight have given a buy rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Hold" and an average target price of $45.18.
Read Our Latest Stock Analysis on UDR
UDR Stock Performance
Shares of NYSE UDR traded down $0.47 during mid-day trading on Friday, reaching $45.86. 1,142,399 shares of the company were exchanged, compared to its average volume of 2,112,172. The stock has a market capitalization of $15.13 billion, a P/E ratio of 123.95, a P/E/G ratio of 12.72 and a beta of 0.85. The company has a quick ratio of 5.91, a current ratio of 5.91 and a debt-to-equity ratio of 1.69. The company's 50-day simple moving average is $44.47 and its 200-day simple moving average is $42.59. UDR, Inc. has a twelve month low of $33.02 and a twelve month high of $47.55.
UDR Announces Dividend
The business also recently disclosed 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 yield of 3.71%. UDR's dividend payout ratio (DPR) is presently 459.47%.
About UDR
(
Free Report)
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.
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