UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Boosts Stock Holdings in UDR, Inc. (NYSE:UDR)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in shares of UDR, Inc. (NYSE:UDR) by 862.3% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,086,964 shares of the real estate investment trust’s stock after buying an additional 2,766,172 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC’s holdings in UDR were worth $139,963,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of UDR. Mizuho Securities USA LLC boosted its holdings in shares of UDR by 8,460.5% in 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 acquiring an additional 1,976,637 shares during the period. Millennium Management LLC lifted its holdings in UDR by 115.3% during the 2nd quarter. Millennium Management LLC now owns 3,499,150 shares of the real estate investment trust’s stock worth $143,990,000 after purchasing an additional 1,874,096 shares in the last quarter. FMR LLC boosted 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 worth $516,923,000 after purchasing an additional 1,471,855 shares during the period. APG Asset Management US Inc. purchased a new position in UDR during the 2nd quarter valued at about $22,572,000. Finally, Los Angeles Capital Management LLC increased its position in shares of UDR by 1,665.3% during the third quarter. Los Angeles Capital Management LLC now owns 369,448 shares of the real estate investment trust’s stock valued at $16,751,000 after buying an additional 348,520 shares during the period. 97.84% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on UDR. UBS Group raised their price objective on shares of UDR from $48.00 to $52.00 and gave the company a “buy” rating in a research report on Thursday, September 12th. JPMorgan Chase & Co. raised their price target on shares of UDR from $43.00 to $50.00 and gave the company an “overweight” rating in a report on Monday, September 16th. Evercore ISI increased their price objective on UDR from $42.00 to $43.00 and gave the stock an “in-line” rating in a research report on Monday, September 9th. Wedbush boosted their target price on UDR from $45.00 to $49.00 and gave the stock an “outperform” rating in a research report on Monday, August 5th. Finally, The Goldman Sachs Group started coverage on UDR in a report on Wednesday, September 4th. They issued a “sell” rating and a $42.00 price target on the stock. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and eight have given a buy rating to the company. According to MarketBeat, UDR presently has a consensus rating of “Hold” and an average price target of $45.18.

UDR Price Performance

UDR opened at $45.86 on Monday. The stock’s 50 day moving average price is $44.47 and its 200-day moving average price is $42.59. UDR, Inc. has a 52-week low of $33.02 and a 52-week high of $47.55. The stock has a market capitalization of $15.13 billion, a PE ratio of 123.95, a price-to-earnings-growth ratio of 12.72 and a beta of 0.85. The company has a debt-to-equity ratio of 1.69, a quick ratio of 5.91 and a current ratio of 5.91.

UDR Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, October 31st. Shareholders of record on Thursday, October 10th were issued a $0.425 dividend. 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%.

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.