Wellington Management Group LLP Sells 39,458 Shares of UDR, Inc. (NYSE:UDR)

Wellington Management Group LLP lessened its position in UDR, Inc. (NYSE:UDR - Free Report) by 0.6% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 7,092,794 shares of the real estate investment trust's stock after selling 39,458 shares during the quarter. Wellington Management Group LLP owned 2.15% of UDR worth $321,587,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also added to or reduced their stakes in the company. Activest Wealth Management bought a new position in shares of UDR during the 3rd quarter valued at about $27,000. Family Firm Inc. bought a new position in UDR during the second quarter valued at approximately $26,000. Brooklyn Investment Group purchased a new position in shares of UDR during the third quarter worth approximately $33,000. UMB Bank n.a. bought a new stake in shares of UDR in the 2nd quarter worth approximately $33,000. Finally, Rothschild Investment LLC bought a new stake in shares of UDR in the 2nd quarter worth approximately $35,000. Hedge funds and other institutional investors own 97.84% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on the stock. Evercore ISI lifted their target price on shares of UDR from $42.00 to $43.00 and gave the stock an "in-line" rating in a research report on Monday, September 9th. StockNews.com downgraded UDR from a "hold" rating to a "sell" rating in a report on Tuesday, November 19th. BNP Paribas initiated coverage on UDR in a report on Wednesday, September 11th. They set an "outperform" rating and a $49.00 target price for the company. Royal Bank of Canada decreased their price target on UDR from $46.00 to $45.00 and set a "sector perform" rating on the stock in a research note on Tuesday, November 5th. Finally, Deutsche Bank Aktiengesellschaft increased their price objective on UDR from $40.00 to $44.00 and gave the company a "hold" rating in a research note on Tuesday, September 10th. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Hold" and an average price target of $45.18.

UDR Stock Up 0.2 %

NYSE:UDR traded up $0.11 on Friday, reaching $44.84. 1,312,132 shares of the stock traded hands, compared to its average volume of 1,748,553. The company has a current ratio of 5.91, a quick ratio of 5.91 and a debt-to-equity ratio of 1.69. The company has a market capitalization of $14.80 billion, a price-to-earnings ratio of 121.19, a PEG ratio of 12.44 and a beta of 0.87. UDR, Inc. has a 12 month low of $34.19 and a 12 month high of $47.55. The company's fifty day simple moving average is $44.40 and its 200 day simple moving average is $42.76.

UDR Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, October 31st. Investors of record on Thursday, October 10th were issued 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 459.47%.

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.