MQS Management LLC Acquires New Position in UDR, Inc. (NYSE:UDR)

MQS Management LLC bought a new position in UDR, Inc. (NYSE:UDR) in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund bought 15,710 shares of the real estate investment trust’s stock, valued at approximately $712,000.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Capital Research Global Investors purchased a new position in UDR in the 1st quarter worth approximately $176,137,000. Millennium Management LLC raised its stake in shares of 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 purchasing an additional 1,874,096 shares during the last quarter. Centersquare Investment Management LLC lifted its holdings in shares of UDR by 17.7% during the first quarter. Centersquare Investment Management LLC now owns 9,550,638 shares of the real estate investment trust’s stock valued at $363,688,000 after purchasing an additional 1,433,463 shares in the last quarter. PGGM Investments lifted its holdings in shares of UDR by 38.2% during the first quarter. PGGM Investments now owns 3,211,724 shares of the real estate investment trust’s stock valued at $120,151,000 after purchasing an additional 887,060 shares in the last quarter. Finally, Lasalle Investment Management Securities LLC boosted its position in shares of UDR by 64.6% during the first quarter. Lasalle Investment Management Securities LLC now owns 1,447,425 shares of the real estate investment trust’s stock valued at $54,148,000 after buying an additional 567,878 shares during the last quarter. Institutional investors own 97.84% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have issued reports on UDR. Deutsche Bank Aktiengesellschaft upped their target price on shares of UDR from $40.00 to $44.00 and gave the company a “hold” rating in a research note on Tuesday, September 10th. Evercore ISI increased their price objective on shares of UDR from $42.00 to $43.00 and gave the company an “in-line” rating in a research report on Monday, September 9th. JPMorgan Chase & Co. lifted their target price on shares of UDR from $43.00 to $50.00 and gave the stock an “overweight” rating in a research report on Monday, September 16th. BNP Paribas started coverage on UDR in a report on Wednesday, September 11th. They set an “outperform” rating and a $49.00 price target on the stock. Finally, UBS Group lifted their price objective on UDR from $48.00 to $52.00 and gave the stock a “buy” rating in a report on Thursday, September 12th. Two analysts have rated the stock with a sell rating, eight have given a hold rating and eight have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $45.24.

UDR Stock Down 0.8 %

Shares of UDR opened at $44.27 on Wednesday. UDR, Inc. has a 12-month low of $31.94 and a 12-month high of $47.55. 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 company has a market capitalization 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’s 50 day moving average is $44.62 and its 200 day moving average is $41.95.

UDR Dividend Announcement

The business 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 of this dividend was Thursday, October 10th. This represents a $1.70 dividend on an annualized basis and a dividend yield of 3.84%. UDR’s dividend payout ratio is 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.