Worldquant Millennium Advisors LLC Invests $5.43 Million in UDR, Inc. (NYSE:UDR)

Worldquant Millennium Advisors LLC purchased a new stake in UDR, Inc. (NYSE:UDR - Free Report) in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 119,686 shares of the real estate investment trust's stock, valued at approximately $5,427,000.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Family Firm Inc. purchased a new stake in shares of UDR in the 2nd quarter worth $26,000. Activest Wealth Management purchased a new stake in UDR in the third quarter worth about $27,000. UMB Bank n.a. bought a new position in UDR during the 2nd quarter worth about $33,000. Brooklyn Investment Group purchased a new position in UDR during the 3rd quarter valued at about $33,000. Finally, Rothschild Investment LLC bought a new stake in shares of UDR in the 2nd quarter valued at about $35,000. Institutional investors own 97.84% of the company's stock.

Analysts Set New Price Targets

Several equities analysts recently issued reports on UDR shares. BNP Paribas assumed coverage on shares of UDR in a report on Wednesday, September 11th. They set an "outperform" rating and a $49.00 price objective on the stock. Wells Fargo & Company lifted their price target on UDR from $41.00 to $48.00 and gave the company an "overweight" rating in a report on Monday, August 26th. UBS Group boosted their price target on UDR from $48.00 to $52.00 and gave the stock a "buy" rating in a research report on Thursday, September 12th. StockNews.com downgraded UDR from a "hold" rating to a "sell" rating in a research report on Tuesday, November 19th. Finally, Scotiabank reduced their target price on shares of UDR from $49.00 to $48.00 and set a "sector perform" rating for the company in a report on Thursday, November 14th. Two analysts have rated the stock with a sell rating, eight have issued a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat, UDR has a consensus rating of "Hold" and an average target price of $45.18.

UDR Stock Performance

UDR stock traded up $0.11 during midday trading on Friday, reaching $44.84. The stock had a trading volume of 1,312,132 shares, compared to its average volume of 1,748,553. The firm has a fifty day simple moving average of $44.40 and a two-hundred day simple moving average of $42.76. UDR, Inc. has a 52-week low of $34.19 and a 52-week high of $47.55. The company has a debt-to-equity ratio of 1.69, a quick ratio of 5.91 and a current ratio of 5.91. The stock has a market cap of $14.80 billion, a PE ratio of 121.19, a P/E/G ratio of 12.44 and a beta of 0.87.

UDR Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, October 31st. Investors of record on Thursday, October 10th were given a $0.425 dividend. The ex-dividend date of this dividend was Thursday, October 10th. This represents a $1.70 dividend on an annualized basis and a yield of 3.79%. UDR's dividend payout ratio is currently 459.47%.

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.