UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Has $139.96 Million Stake in UDR, Inc. (NYSE:UDR)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in shares of UDR, Inc. (NYSE:UDR) by 862.3% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 3,086,964 shares of the real estate investment trust’s stock after acquiring an additional 2,766,172 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned about 0.94% of UDR worth $139,963,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Tidal Investments LLC raised its holdings in UDR by 149.7% in the 1st quarter. Tidal Investments LLC now owns 27,921 shares of the real estate investment trust’s stock valued at $1,045,000 after buying an additional 16,737 shares during the last quarter. Swedbank AB acquired a new position in shares of UDR during the first quarter worth $1,607,000. GAMMA Investing LLC grew its stake in shares of UDR by 25.9% in the second quarter. GAMMA Investing LLC now owns 6,418 shares of the real estate investment trust’s stock worth $264,000 after purchasing an additional 1,320 shares during the last quarter. DNB Asset Management AS increased its holdings in UDR by 12.5% in the second 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. Finally, Kingswood Wealth Advisors LLC raised its position in UDR by 9.9% during the 2nd quarter. Kingswood Wealth Advisors LLC now owns 19,644 shares of the real estate investment trust’s stock worth $808,000 after purchasing an additional 1,763 shares during the last quarter. Institutional investors and hedge funds own 97.84% of the company’s stock.

UDR Stock Performance

Shares of UDR stock opened at $45.86 on Monday. The company has a debt-to-equity ratio of 1.69, a quick ratio of 5.91 and a current ratio of 5.91. The firm has a market cap of $15.13 billion, a price-to-earnings ratio of 123.95, a P/E/G ratio of 12.72 and a beta of 0.85. UDR, Inc. has a 52 week low of $33.02 and a 52 week high of $47.55. The firm’s 50-day simple moving average is $44.47 and its two-hundred day simple moving average is $42.59.

UDR Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, October 31st. Investors of record on Thursday, October 10th were paid a $0.425 dividend. The ex-dividend date of this dividend was Thursday, October 10th. This represents a $1.70 annualized dividend and a yield of 3.71%. UDR’s payout ratio is 459.47%.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on UDR. The Goldman Sachs Group started coverage on UDR in a research note on Wednesday, September 4th. They issued a “sell” rating and a $42.00 price objective on the stock. BNP Paribas started coverage on shares of UDR in a research report on Wednesday, September 11th. They set an “outperform” rating and a $49.00 price objective for the company. Wells Fargo & Company boosted their target price on shares of UDR from $41.00 to $48.00 and gave the company an “overweight” rating in a report on Monday, August 26th. StockNews.com downgraded UDR from a “hold” rating to a “sell” rating in a report on Tuesday, November 19th. Finally, Wedbush boosted their price objective on UDR from $45.00 to $49.00 and gave the company an “outperform” rating in a research note on Monday, August 5th. Two research 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. According to MarketBeat.com, the company currently has a consensus 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.