Metis Global Partners LLC Buys 6,976 Shares of UDR, Inc. (NYSE:UDR)

Metis Global Partners LLC increased its stake in shares of UDR, Inc. (NYSE:UDR) by 20.7% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 40,713 shares of the real estate investment trust’s stock after acquiring an additional 6,976 shares during the quarter. Metis Global Partners LLC’s holdings in UDR were worth $1,846,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Family Firm Inc. bought a new position in shares of UDR in the second quarter valued at $26,000. UMB Bank n.a. bought a new position in shares of UDR in the second quarter valued at $33,000. Rothschild Investment LLC bought a new position in shares of UDR in the second quarter valued at $35,000. Quest Partners LLC bought a new position in shares of UDR in the second quarter valued at $37,000. Finally, Blue Trust Inc. lifted its position in shares of UDR by 1,018.3% during the second quarter. Blue Trust Inc. now owns 1,040 shares of the real estate investment trust’s stock valued at $39,000 after purchasing an additional 947 shares in the last quarter. 97.84% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on UDR. Royal Bank of Canada dropped their price target on shares of UDR from $46.00 to $45.00 and set a “sector perform” rating on the stock in a research report on Tuesday, November 5th. UBS Group boosted their target price on shares of UDR from $48.00 to $52.00 and gave the company a “buy” rating in a research note on Thursday, September 12th. Scotiabank dropped their target price on shares of UDR from $49.00 to $48.00 and set a “sector perform” rating on the stock in a research note on Thursday. StockNews.com cut shares of UDR from a “hold” rating to a “sell” rating in a research note on Wednesday, November 6th. Finally, JPMorgan Chase & Co. boosted their target price on shares of UDR from $43.00 to $50.00 and gave the company an “overweight” rating in a research note on Monday, September 16th. 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 company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $45.18.

UDR Trading Down 0.5 %

Shares of UDR opened at $44.31 on Friday. The company’s fifty day moving average is $44.62 and its 200 day moving average is $42.03. UDR, Inc. has a fifty-two week low of $32.37 and a fifty-two week high of $47.55. The stock has a market capitalization of $14.62 billion, a PE ratio of 119.76, a P/E/G ratio of 12.55 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 Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, October 31st. Stockholders of record on Thursday, October 10th were issued a $0.425 dividend. This represents a $1.70 dividend on an annualized basis and a dividend yield of 3.84%. The ex-dividend date of this dividend was Thursday, October 10th. UDR’s payout ratio is presently 459.46%.

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.