B. Metzler seel. Sohn & Co. Holding AG Makes New Investment in UDR, Inc. (NYSE:UDR)

B. Metzler seel. Sohn & Co. Holding AG acquired a new stake in shares of UDR, Inc. (NYSE:UDR) during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm acquired 7,949 shares of the real estate investment trust’s stock, valued at approximately $360,000.

Other hedge funds also recently made changes to their positions in the company. CWM LLC raised its position in UDR by 10.0% during the third quarter. CWM LLC now owns 3,802 shares of the real estate investment trust’s stock valued at $172,000 after purchasing an additional 347 shares in the last quarter. Empowered Funds LLC raised its holdings in shares of UDR by 7.1% during the 3rd quarter. Empowered Funds LLC now owns 5,246 shares of the real estate investment trust’s stock valued at $238,000 after buying an additional 350 shares in the last quarter. Mather Group LLC. lifted its position in UDR by 58.2% in the 3rd quarter. Mather Group LLC. now owns 998 shares of the real estate investment trust’s stock worth $45,000 after buying an additional 367 shares during the last quarter. Truist Financial Corp boosted its stake in UDR by 0.6% in the second quarter. Truist Financial Corp now owns 66,673 shares of the real estate investment trust’s stock worth $2,744,000 after buying an additional 414 shares in the last quarter. Finally, TCV Trust & Wealth Management Inc. grew its position in UDR by 8.2% during the third quarter. TCV Trust & Wealth Management Inc. now owns 5,589 shares of the real estate investment trust’s stock valued at $253,000 after acquiring an additional 424 shares during the last quarter. 97.84% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on the stock. Wedbush upped their price objective on shares of UDR from $45.00 to $49.00 and gave the company an “outperform” rating in a research note on Monday, August 5th. Piper Sandler raised their price objective on UDR from $40.00 to $46.00 and gave the company a “neutral” rating in a research note on Monday, August 26th. UBS Group boosted their target price on 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. increased their target price on UDR from $43.00 to $50.00 and gave the company an “overweight” rating in a report on Monday, September 16th. Finally, BNP Paribas began coverage on UDR in a research note on Wednesday, September 11th. They issued an “outperform” rating and a $49.00 price target on the stock. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $45.18.

UDR Stock Performance

UDR stock opened at $45.09 on Monday. UDR, Inc. has a fifty-two week low of $32.85 and a fifty-two week high of $47.55. The stock’s 50 day simple moving average is $44.50 and its two-hundred day simple moving average is $42.32. 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 stock has a market cap of $14.88 billion, a price-to-earnings ratio of 121.86, a PEG ratio of 12.51 and a beta of 0.85.

UDR Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, October 31st. Shareholders of record on Thursday, October 10th were issued a $0.425 dividend. The ex-dividend date of this dividend was Thursday, October 10th. This represents a $1.70 dividend on an annualized basis and a yield of 3.77%. UDR’s dividend payout ratio (DPR) is 459.46%.

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.