Landscape Capital Management L.L.C. Takes Position in UDR, Inc. (NYSE:UDR)

Landscape Capital Management L.L.C. acquired a new stake in UDR, Inc. (NYSE:UDR) in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 7,355 shares of the real estate investment trust’s stock, valued at approximately $333,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Mizuho Securities USA LLC boosted its stake in shares of UDR by 8,460.5% during the third quarter. Mizuho Securities USA LLC now owns 2,000,000 shares of the real estate investment trust’s stock valued at $90,680,000 after acquiring an additional 1,976,637 shares during the last quarter. Millennium Management LLC boosted its position in UDR by 115.3% during the second quarter. Millennium Management LLC now owns 3,499,150 shares of the real estate investment trust’s stock worth $143,990,000 after acquiring an additional 1,874,096 shares during the last quarter. PGGM Investments grew its stake in UDR by 38.2% in the 1st quarter. PGGM Investments now owns 3,211,724 shares of the real estate investment trust’s stock worth $120,151,000 after acquiring an additional 887,060 shares during the period. Lasalle Investment Management Securities LLC lifted its stake in shares of 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 purchasing an additional 567,878 shares during the period. Finally, APG Asset Management US Inc. purchased a new position in shares of UDR during the 2nd quarter worth $22,572,000. 97.84% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on UDR shares. Wedbush increased their price target on shares of UDR from $45.00 to $49.00 and gave the stock an “outperform” rating in a research note on Monday, August 5th. Truist Financial lifted their price objective on UDR from $44.00 to $47.00 and gave the company a “buy” rating in a research note on Monday, August 26th. Royal Bank of Canada dropped their target price on shares of UDR from $46.00 to $45.00 and set a “sector perform” rating for the company in a research report on Tuesday, November 5th. StockNews.com cut shares of UDR from a “hold” rating to a “sell” rating in a research report on Tuesday, November 19th. Finally, Wells Fargo & Company increased their price objective on shares of UDR from $41.00 to $48.00 and gave the stock an “overweight” rating in a research report on Monday, August 26th. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating and eight have issued a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $45.18.

UDR Stock Up 0.6 %

UDR stock opened at $45.09 on Monday. UDR, Inc. has a twelve month low of $32.85 and a twelve month high of $47.55. The company has a quick ratio of 5.91, a current ratio of 5.91 and a debt-to-equity ratio of 1.69. The company has a 50 day moving average of $44.50 and a 200-day moving average of $42.35. The stock has a market capitalization of $14.88 billion, a PE ratio of 121.86, a price-to-earnings-growth ratio of 12.51 and a beta of 0.85.

UDR Dividend Announcement

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