UDR, Inc. (NYSE:UDR) Shares Acquired by Fmr LLC

Fmr LLC increased its position in shares of UDR, Inc. (NYSE:UDR) by 14.8% during the 3rd quarter, HoldingsChannel reports. The fund owned 11,401,026 shares of the real estate investment trust’s stock after acquiring an additional 1,471,855 shares during the quarter. Fmr LLC’s holdings in UDR were worth $516,923,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of UDR. Family Firm Inc. acquired a new position in UDR in the 2nd quarter valued at about $26,000. Activest Wealth Management acquired a new position in UDR in the third quarter valued at approximately $27,000. UMB Bank n.a. purchased a new position in UDR in the second quarter worth approximately $33,000. Rothschild Investment LLC acquired a new stake in UDR during the second quarter worth $35,000. Finally, Quest Partners LLC purchased a new stake in UDR in the second quarter valued at $37,000. 97.84% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on UDR shares. Wedbush increased their price target on UDR from $45.00 to $49.00 and gave the stock an “outperform” rating in a report on Monday, August 5th. Deutsche Bank Aktiengesellschaft lifted their price target on shares of UDR from $40.00 to $44.00 and gave the company a “hold” rating in a research report on Tuesday, September 10th. StockNews.com lowered shares of UDR from a “hold” rating to a “sell” rating in a report on Tuesday, November 19th. Piper Sandler lifted their target price on shares of UDR from $40.00 to $46.00 and gave the company a “neutral” rating in a report on Monday, August 26th. Finally, The Goldman Sachs Group began coverage on UDR in a research note on Wednesday, September 4th. They set 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’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $45.18.

UDR Stock Performance

Shares of UDR stock opened at $45.85 on Friday. The business has a 50-day simple moving average of $44.47 and a 200-day simple moving average of $42.55. The company has a market cap of $15.13 billion, a PE ratio of 123.92, a P/E/G ratio of 12.85 and a beta of 0.85. UDR, Inc. has a one year low of $33.02 and a one year high of $47.55. 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 company also recently disclosed a quarterly dividend, which was paid on Thursday, October 31st. Shareholders of record on Thursday, October 10th were given a $0.425 dividend. This represents a $1.70 dividend on an annualized basis and a dividend yield of 3.71%. The ex-dividend date was Thursday, October 10th. UDR’s dividend payout ratio 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.