Y Intercept Hong Kong Ltd Has $453,000 Position in UDR, Inc. (NYSE:UDR)

Y Intercept Hong Kong Ltd cut its position in shares of UDR, Inc. (NYSE:UDR) by 58.3% in the third quarter, Holdings Channel reports. The institutional investor owned 9,986 shares of the real estate investment trust’s stock after selling 13,981 shares during the period. Y Intercept Hong Kong Ltd’s holdings in UDR were worth $453,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in shares of UDR by 862.3% during the 3rd 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 acquiring an additional 2,766,172 shares in the last quarter. Mizuho Securities USA LLC boosted its holdings in UDR by 8,460.5% during 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 purchasing an additional 1,976,637 shares during the last quarter. Millennium Management LLC grew its position 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 valued at $143,990,000 after purchasing an additional 1,874,096 shares in the last quarter. FMR LLC increased its stake in UDR by 14.8% in the 3rd quarter. FMR LLC now owns 11,401,026 shares of the real estate investment trust’s stock valued at $516,923,000 after buying an additional 1,471,855 shares during the last quarter. Finally, APG Asset Management US Inc. bought a new stake in UDR during the 2nd quarter worth about $22,572,000. Institutional investors and hedge funds own 97.84% of the company’s stock.

UDR Stock Down 0.8 %

UDR stock opened at $44.47 on Monday. UDR, Inc. has a twelve month low of $34.19 and a twelve month high of $47.55. The stock has a market cap of $14.67 billion, a P/E ratio of 120.19, a P/E/G ratio of 12.34 and a beta of 0.87. The company’s 50-day moving average price is $44.37 and its two-hundred day moving average price is $43.00. 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 Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, October 31st. Investors of record on Thursday, October 10th were issued 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 3.82%. UDR’s payout ratio is currently 459.47%.

Analyst Ratings Changes

Several brokerages have recently weighed in on UDR. Piper Sandler raised their price objective on UDR from $40.00 to $46.00 and gave the company a “neutral” rating in a report on Monday, August 26th. UBS Group boosted their price target on UDR from $48.00 to $52.00 and gave the stock a “buy” rating in a research report on Thursday, September 12th. Wells Fargo & Company increased their price objective on UDR from $41.00 to $48.00 and gave the company an “overweight” rating in a report on Monday, August 26th. Truist Financial boosted their target price on shares of UDR from $44.00 to $47.00 and gave the stock a “buy” rating in a report on Monday, August 26th. Finally, Scotiabank cut their price target on shares of UDR from $49.00 to $48.00 and set a “sector perform” rating for the company in a research note on Thursday, November 14th. One analyst has rated the stock with a sell rating, nine have given a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $45.19.

About UDR

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.