UDR, Inc. (NYSE:UDR) Stock Holdings Lifted by Harvest Fund Management Co. Ltd

Harvest Fund Management Co. Ltd lifted its stake in shares of UDR, Inc. (NYSE:UDR) by 149.5% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 5,494 shares of the real estate investment trust’s stock after acquiring an additional 3,292 shares during the quarter. Harvest Fund Management Co. Ltd’s holdings in UDR were worth $249,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of UDR. CWM LLC boosted its position in shares of UDR by 10.0% in the 3rd quarter. CWM LLC now owns 3,802 shares of the real estate investment trust’s stock valued at $172,000 after purchasing an additional 347 shares during the period. Empowered Funds LLC lifted its stake in UDR by 7.1% during the third quarter. Empowered Funds LLC now owns 5,246 shares of the real estate investment trust’s stock valued at $238,000 after buying an additional 350 shares in the last quarter. Mather Group LLC. lifted its stake in UDR by 58.2% during the third quarter. Mather Group LLC. now owns 998 shares of the real estate investment trust’s stock valued at $45,000 after buying an additional 367 shares in the last quarter. Truist Financial Corp boosted its holdings in shares of UDR by 0.6% in the second quarter. Truist Financial Corp now owns 66,673 shares of the real estate investment trust’s stock worth $2,744,000 after buying an additional 414 shares during the period. Finally, TCV Trust & Wealth Management Inc. increased its position in shares of UDR by 8.2% in the third quarter. TCV Trust & Wealth Management Inc. now owns 5,589 shares of the real estate investment trust’s stock worth $253,000 after acquiring an additional 424 shares in the last quarter. 97.84% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities analysts recently commented on the stock. Truist Financial raised their price objective on shares of UDR from $44.00 to $47.00 and gave the stock a “buy” rating in a research note on Monday, August 26th. JPMorgan Chase & Co. lifted their price target on UDR from $43.00 to $50.00 and gave the company an “overweight” rating in a report on Monday, September 16th. The Goldman Sachs Group began coverage on UDR in a research note on Wednesday, September 4th. They issued a “sell” rating and a $42.00 price objective for the company. Piper Sandler lifted their target price on UDR from $40.00 to $46.00 and gave the company a “neutral” rating in a research note on Monday, August 26th. Finally, Scotiabank reduced their price target on shares of UDR from $49.00 to $48.00 and set a “sector perform” rating for the company in a research report on Thursday, November 14th. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $45.18.

UDR Trading Up 0.8 %

UDR stock opened at $45.94 on Wednesday. UDR, Inc. has a one year low of $32.85 and a one year high of $47.55. The company’s fifty day moving average price is $44.46 and its two-hundred day moving average price is $42.45. The company has a debt-to-equity ratio of 1.69, a current ratio of 5.91 and a quick ratio of 5.91. The company has a market capitalization of $15.16 billion, a price-to-earnings ratio of 124.17, a PEG ratio of 12.64 and a beta of 0.85.

UDR Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, October 31st. Stockholders of record on Thursday, October 10th were issued a dividend of $0.425 per share. This represents a $1.70 dividend on an annualized basis and a dividend yield of 3.70%. The ex-dividend date was Thursday, October 10th. UDR’s dividend payout ratio is 459.47%.

UDR 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.