M&T Bank Corp Cuts Position in UDR, Inc. (NYSE:UDR)

M&T Bank Corp reduced its position in shares of UDR, Inc. (NYSE:UDR) by 1.8% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 38,626 shares of the real estate investment trust’s stock after selling 724 shares during the period. M&T Bank Corp’s holdings in UDR were worth $1,752,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also modified their holdings of the company. Continuum Advisory LLC grew its position in UDR by 5,335.3% in the 3rd quarter. Continuum Advisory LLC now owns 924 shares of the real estate investment trust’s stock valued at $41,000 after acquiring an additional 907 shares in the last quarter. Worldquant Millennium Advisors LLC acquired a new position in shares of UDR in the third quarter valued at approximately $5,427,000. Quarry LP increased its stake in UDR by 921.9% during the 3rd quarter. Quarry LP now owns 10,423 shares of the real estate investment trust’s stock worth $473,000 after buying an additional 9,403 shares during the period. Royal London Asset Management Ltd. lifted its holdings in UDR by 0.6% during the 3rd quarter. Royal London Asset Management Ltd. now owns 160,778 shares of the real estate investment trust’s stock worth $7,290,000 after buying an additional 1,019 shares in the last quarter. Finally, Investment Management Corp of Ontario boosted its position in UDR by 48.6% in the 3rd quarter. Investment Management Corp of Ontario now owns 10,397 shares of the real estate investment trust’s stock valued at $471,000 after buying an additional 3,400 shares during the period. 97.84% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several analysts have recently issued reports on UDR shares. JPMorgan Chase & Co. increased their price objective on UDR from $43.00 to $50.00 and gave the company an “overweight” rating in a research note on Monday, September 16th. Scotiabank decreased their price objective on UDR from $49.00 to $48.00 and set a “sector perform” rating for the company in a research note on Thursday, November 14th. Evercore ISI upped their target price on shares of UDR from $42.00 to $43.00 and gave the stock an “in-line” rating in a research note on Monday, September 9th. UBS Group lifted their price target on shares of UDR from $48.00 to $52.00 and gave the stock a “buy” rating in a research note on Thursday, September 12th. Finally, StockNews.com raised shares of UDR from a “sell” rating to a “hold” rating in a research report on Thursday. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $45.19.

UDR Stock Down 0.8 %

Shares of NYSE UDR opened at $44.47 on Friday. The stock has a market cap of $14.67 billion, a PE ratio of 120.19, a price-to-earnings-growth 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 business has a 50-day moving average price of $44.37 and a 200 day moving average price of $42.96. The company has a quick ratio of 5.91, a current 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. Stockholders of record on Thursday, October 10th were given a dividend of $0.425 per share. The ex-dividend date was Thursday, October 10th. This represents a $1.70 dividend on an annualized basis and a dividend yield of 3.82%. UDR’s dividend payout ratio (DPR) is presently 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.