Y Intercept Hong Kong Ltd Has $453,000 Stake in UDR, Inc. (NYSE:UDR)

Y Intercept Hong Kong Ltd reduced its position in UDR, Inc. (NYSE:UDR - Free Report) by 58.3% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 9,986 shares of the real estate investment trust's stock after selling 13,981 shares during the period. Y Intercept Hong Kong Ltd's holdings in UDR were worth $453,000 as of its most recent filing with the SEC.

Several other hedge funds have also bought and sold shares of UDR. International Assets Investment Management LLC increased its holdings in shares of UDR by 4,436.2% in the third quarter. International Assets Investment Management LLC now owns 44,228 shares of the real estate investment trust's stock valued at $2,005,000 after purchasing an additional 43,253 shares during the last quarter. Los Angeles Capital Management LLC boosted its holdings in shares of UDR by 1,665.3% during the 3rd quarter. Los Angeles Capital Management LLC now owns 369,448 shares of the real estate investment trust's stock worth $16,751,000 after buying an additional 348,520 shares during the period. MQS Management LLC acquired a new position in UDR in the 3rd quarter valued at about $712,000. Millennium Management LLC raised its holdings 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 acquiring an additional 1,874,096 shares during the period. Finally, BSN CAPITAL PARTNERS Ltd acquired a new stake in UDR during the third quarter worth approximately $10,987,000. 97.84% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on UDR shares. The Goldman Sachs Group initiated coverage on UDR in a research report on Wednesday, September 4th. They issued a "sell" rating and a $42.00 target price on the stock. UBS Group upped their price objective on UDR from $48.00 to $52.00 and gave the company a "buy" rating in a report on Thursday, September 12th. Piper Sandler lifted their target price on UDR from $40.00 to $46.00 and gave the stock a "neutral" rating in a report on Monday, August 26th. StockNews.com raised shares of UDR from a "sell" rating to a "hold" rating in a research report on Thursday. Finally, JPMorgan Chase & Co. raised their price target on shares of UDR from $43.00 to $50.00 and gave the stock an "overweight" rating in a research report on Monday, September 16th. One investment analyst has rated the stock with a sell rating, nine have given a hold rating and seven have given a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Hold" and an average target price of $45.19.

UDR Price Performance

NYSE UDR traded up $0.27 on Monday, hitting $44.74. 1,637,425 shares of the company's stock were exchanged, compared to its average volume of 2,428,553. The stock has a 50-day moving average of $44.38 and a 200-day moving average of $43.04. The stock has a market cap of $14.76 billion, a price-to-earnings ratio of 120.92, a P/E/G ratio of 12.34 and a beta of 0.87. UDR, Inc. has a 52 week low of $34.19 and a 52 week high of $47.55. The company has a current ratio of 5.91, a quick ratio of 5.91 and a debt-to-equity ratio of 1.69.

UDR Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, October 31st. Shareholders of record on Thursday, October 10th were paid a dividend of $0.425 per share. This represents a $1.70 annualized dividend and a yield of 3.80%. The ex-dividend date of this dividend was Thursday, October 10th. UDR's payout ratio is 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.