Natixis Advisors LLC Grows Position in UDR, Inc. (NYSE:UDR)

Natixis Advisors LLC increased its holdings in shares of UDR, Inc. (NYSE:UDR) by 1.2% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 228,641 shares of the real estate investment trust’s stock after purchasing an additional 2,642 shares during the period. Natixis Advisors LLC owned 0.07% of UDR worth $10,367,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also made changes to their positions in the company. Family Firm Inc. bought a new position in UDR during the 2nd quarter worth approximately $26,000. UMB Bank n.a. purchased a new stake in shares of UDR in the second quarter valued at $33,000. Rothschild Investment LLC acquired a new stake in shares of UDR in the second quarter worth $35,000. Quest Partners LLC purchased a new position in shares of UDR during the second quarter valued at $37,000. Finally, International Assets Investment Management LLC acquired a new position in UDR during the second quarter valued at $40,000. 97.84% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on the company. Wedbush lifted their target price on UDR from $45.00 to $49.00 and gave the company an “outperform” rating in a research note on Monday, August 5th. UBS Group upped their price objective on shares of UDR from $48.00 to $52.00 and gave the company a “buy” rating in a research note on Thursday, September 12th. JPMorgan Chase & Co. lifted their target price on shares of UDR from $43.00 to $50.00 and gave the company an “overweight” rating in a research note on Monday, September 16th. Scotiabank dropped their price target on shares of UDR from $49.00 to $48.00 and set a “sector perform” rating on the stock in a research note on Thursday, November 14th. Finally, Deutsche Bank Aktiengesellschaft increased their price objective on UDR from $40.00 to $44.00 and gave the stock a “hold” rating in a report on Tuesday, September 10th. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating and eight have given a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $45.18.

UDR Stock Performance

Shares of UDR opened at $44.81 on Friday. The company has a debt-to-equity ratio of 1.69, a current ratio of 5.91 and a quick ratio of 5.91. UDR, Inc. has a one year low of $32.85 and a one year high of $47.55. The company’s fifty day moving average price is $44.57 and its 200 day moving average price is $42.24. The company has a market capitalization of $14.79 billion, a PE ratio of 121.54, a price-to-earnings-growth ratio of 12.35 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 given a dividend of $0.425 per share. This represents a $1.70 dividend on an annualized basis and a yield of 3.79%. The ex-dividend date of this dividend was Thursday, October 10th. UDR’s dividend payout ratio (DPR) is currently 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.