Vinva Investment Management Ltd Has $794,000 Position in UDR, Inc. (NYSE:UDR)

Vinva Investment Management Ltd lifted its stake in UDR, Inc. (NYSE:UDR) by 50.6% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 17,657 shares of the real estate investment trust’s stock after purchasing an additional 5,935 shares during the period. Vinva Investment Management Ltd’s holdings in UDR were worth $794,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Tidal Investments LLC raised its stake in shares of UDR by 149.7% during the first quarter. Tidal Investments LLC now owns 27,921 shares of the real estate investment trust’s stock worth $1,045,000 after buying an additional 16,737 shares during the last quarter. Virtu Financial LLC acquired a new stake in UDR during the 1st quarter worth $458,000. Swedbank AB bought a new stake in shares of UDR during the 1st quarter valued at $1,607,000. GAMMA Investing LLC lifted its stake in shares of UDR by 25.9% in the 2nd quarter. GAMMA Investing LLC now owns 6,418 shares of the real estate investment trust’s stock valued at $264,000 after purchasing an additional 1,320 shares during the period. Finally, DNB Asset Management AS lifted its stake in shares of UDR by 12.5% in the 2nd quarter. DNB Asset Management AS now owns 49,347 shares of the real estate investment trust’s stock valued at $2,031,000 after purchasing an additional 5,494 shares during the period. 97.84% of the stock is currently owned by institutional investors.

UDR Stock Down 1.0 %

Shares of UDR stock opened at $45.86 on Friday. The firm’s fifty day moving average price is $44.47 and its two-hundred day moving average price is $42.57. 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, Inc. has a 1 year low of $33.02 and a 1 year high of $47.55. The firm has a market capitalization of $15.13 billion, a P/E ratio of 123.95, a PEG ratio of 12.85 and a beta of 0.85.

UDR Announces Dividend

The business also recently announced 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 3.71%. UDR’s payout ratio is presently 459.47%.

Analysts Set New Price Targets

A number of brokerages recently commented on UDR. UBS Group lifted their price objective on UDR from $48.00 to $52.00 and gave the stock a “buy” rating in a research note on Thursday, September 12th. Wells Fargo & Company upped their price target on UDR from $41.00 to $48.00 and gave the company an “overweight” rating in a research note on Monday, August 26th. JPMorgan Chase & Co. lifted their price objective 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. Evercore ISI upped their target price on shares of UDR from $42.00 to $43.00 and gave the company an “in-line” rating in a research note on Monday, September 9th. Finally, Truist Financial lifted their price target on shares of UDR from $44.00 to $47.00 and gave the stock a “buy” rating in a research report on Monday, August 26th. Two analysts have rated the stock with a sell rating, eight have issued a hold rating and eight have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $45.18.

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.