15,710 Shares in UDR, Inc. (NYSE:UDR) Purchased by MQS Management LLC

MQS Management LLC purchased a new stake in shares of UDR, Inc. (NYSE:UDR) in the 3rd quarter, Holdings Channel.com reports. The firm purchased 15,710 shares of the real estate investment trust’s stock, valued at approximately $712,000.

A number of other large investors have also added to or reduced their stakes in the company. Victory Capital Management Inc. grew its holdings in shares of UDR by 1.6% in the third quarter. Victory Capital Management Inc. now owns 97,190 shares of the real estate investment trust’s stock valued at $4,407,000 after purchasing an additional 1,537 shares in the last quarter. OVERSEA CHINESE BANKING Corp Ltd bought a new position in UDR during the third quarter valued at $6,521,000. Venturi Wealth Management LLC grew its stake in shares of UDR by 7.0% in the 3rd quarter. Venturi Wealth Management LLC now owns 19,416 shares of the real estate investment trust’s stock worth $880,000 after buying an additional 1,270 shares in the last quarter. Catalytic Wealth RIA LLC increased its holdings in shares of UDR by 33.1% in the 3rd quarter. Catalytic Wealth RIA LLC now owns 7,493 shares of the real estate investment trust’s stock worth $340,000 after buying an additional 1,864 shares during the last quarter. Finally, Los Angeles Capital Management LLC raised its position 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 valued at $16,751,000 after buying an additional 348,520 shares in the last quarter. Institutional investors own 97.84% of the company’s stock.

UDR Trading Down 0.8 %

Shares of NYSE UDR opened at $44.27 on Wednesday. UDR, Inc. has a twelve month low of $31.94 and a twelve month high of $47.55. The firm has a market cap of $14.61 billion, a PE ratio of 119.65, a price-to-earnings-growth ratio of 9.78 and a beta of 0.85. The business has a fifty day simple moving average of $44.62 and a two-hundred day simple moving average of $41.95. 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 disclosed a quarterly dividend, which was paid on Thursday, October 31st. Investors of record on Thursday, October 10th were paid a $0.425 dividend. This represents a $1.70 dividend on an annualized basis and a yield of 3.84%. The ex-dividend date was Thursday, October 10th. UDR’s dividend payout ratio (DPR) is presently 459.47%.

Wall Street Analyst Weigh In

Several research firms recently commented on UDR. Royal Bank of Canada dropped their price target on UDR from $46.00 to $45.00 and set a “sector perform” rating for the company in a research report on Tuesday, November 5th. JPMorgan Chase & Co. boosted their target price on UDR from $43.00 to $50.00 and gave the company an “overweight” rating in a research report on Monday, September 16th. Evercore ISI raised their price target on UDR from $42.00 to $43.00 and gave the stock an “in-line” rating in a research report on Monday, September 9th. UBS Group boosted 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. Finally, BNP Paribas assumed coverage on shares of UDR in a report on Wednesday, September 11th. They issued an “outperform” rating and a $49.00 target price for the company. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $45.24.

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.