UDR, Inc. (NYSE:UDR) Stake Increased by Harvest Fund Management Co. Ltd

Harvest Fund Management Co. Ltd raised its stake in shares of UDR, Inc. (NYSE:UDR) by 149.5% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 5,494 shares of the real estate investment trust’s stock after acquiring an additional 3,292 shares during the quarter. Harvest Fund Management Co. Ltd’s holdings in UDR were worth $249,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in UDR. Simplicity Wealth LLC acquired a new position in UDR in the second quarter worth about $2,135,000. Lasalle Investment Management Securities LLC lifted its holdings in UDR by 64.6% during the 1st quarter. Lasalle Investment Management Securities LLC now owns 1,447,425 shares of the real estate investment trust’s stock worth $54,148,000 after buying an additional 567,878 shares during the last quarter. Tidal Investments LLC grew its position in shares of UDR by 149.7% in the 1st quarter. Tidal Investments LLC now owns 27,921 shares of the real estate investment trust’s stock worth $1,045,000 after acquiring an additional 16,737 shares in the last quarter. Swedbank AB bought a new stake in shares of UDR in the 1st quarter valued at approximately $1,607,000. Finally, International Assets Investment Management LLC raised its position in shares of UDR by 4,436.2% during the 3rd quarter. International Assets Investment Management LLC now owns 44,228 shares of the real estate investment trust’s stock valued at $2,005,000 after acquiring an additional 43,253 shares in the last quarter. 97.84% of the stock is owned by institutional investors and hedge funds.

UDR Stock Up 0.8 %

UDR stock opened at $45.94 on Wednesday. UDR, Inc. has a 52 week low of $32.85 and a 52 week high of $47.55. The stock has a market cap of $15.16 billion, a price-to-earnings ratio of 124.17, a PEG ratio of 12.64 and a beta of 0.85. The company’s 50-day moving average price is $44.46 and its two-hundred day moving average price is $42.45. The company has a current ratio of 5.91, a quick ratio of 5.91 and a debt-to-equity ratio of 1.69.

UDR Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, October 31st. Investors of record on Thursday, October 10th were paid 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 3.70%. UDR’s dividend payout ratio is presently 459.47%.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on the stock. BNP Paribas started coverage on shares of UDR in a report on Wednesday, September 11th. They issued an “outperform” rating and a $49.00 price objective for the company. Deutsche Bank Aktiengesellschaft boosted their price objective 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. Truist Financial raised 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. Royal Bank of Canada dropped their price target on UDR from $46.00 to $45.00 and set a “sector perform” rating on the stock in a research report on Tuesday, November 5th. Finally, The Goldman Sachs Group began coverage on UDR in a research report on Wednesday, September 4th. They set a “sell” rating and a $42.00 price objective for the company. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and eight have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $45.18.

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.