Edgestream Partners L.P. Raises Stake in UDR, Inc. (NYSE:UDR)

Edgestream Partners L.P. boosted its holdings in shares of UDR, Inc. (NYSE:UDR) by 58.0% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 66,994 shares of the real estate investment trust’s stock after acquiring an additional 24,596 shares during the period. Edgestream Partners L.P.’s holdings in UDR were worth $3,038,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of UDR. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in UDR by 862.3% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 3,086,964 shares of the real estate investment trust’s stock worth $139,963,000 after buying an additional 2,766,172 shares during the last quarter. Mizuho Securities USA LLC raised its holdings in 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 buying an additional 1,976,637 shares during the last quarter. Millennium Management LLC raised its holdings in UDR by 115.3% in the second quarter. Millennium Management LLC now owns 3,499,150 shares of the real estate investment trust’s stock worth $143,990,000 after buying an additional 1,874,096 shares during the last quarter. FMR LLC raised its holdings in UDR by 14.8% in the third quarter. FMR LLC now owns 11,401,026 shares of the real estate investment trust’s stock worth $516,923,000 after buying an additional 1,471,855 shares during the last quarter. Finally, APG Asset Management US Inc. purchased a new position in UDR in the second quarter worth about $22,572,000. 97.84% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research analysts have issued reports on the stock. Piper Sandler lifted their target price on shares of UDR from $40.00 to $46.00 and gave the stock a “neutral” rating in a report on Monday, August 26th. UBS Group lifted their target price on shares of UDR from $48.00 to $52.00 and gave the stock a “buy” rating in a report on Thursday, September 12th. StockNews.com lowered shares of UDR from a “hold” rating to a “sell” rating in a research note on Tuesday, November 19th. The Goldman Sachs Group initiated coverage on shares of UDR in a research note on Wednesday, September 4th. They issued a “sell” rating and a $42.00 price target for the company. Finally, JPMorgan Chase & Co. lifted their price target on shares of UDR from $43.00 to $50.00 and gave the stock an “overweight” rating in a research note on Monday, September 16th. Two 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. According to MarketBeat.com, the company has an average rating of “Hold” and an average price target of $45.18.

UDR Stock Performance

Shares of NYSE UDR opened at $45.86 on Monday. The firm has a 50 day moving average of $44.47 and a 200 day moving average of $42.59. The company has a current ratio of 5.91, a quick ratio of 5.91 and a debt-to-equity ratio of 1.69. The firm has a market capitalization of $15.13 billion, a price-to-earnings ratio of 123.95, a price-to-earnings-growth ratio of 12.72 and a beta of 0.85. UDR, Inc. has a 12-month low of $33.02 and a 12-month high of $47.55.

UDR Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, October 31st. Investors 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 annualized dividend and a yield of 3.71%. UDR’s dividend payout ratio (DPR) is 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.