LMR Partners LLP Takes $274,000 Position in UDR, Inc. (NYSE:UDR)

LMR Partners LLP acquired a new position in UDR, Inc. (NYSE:UDR) during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 6,036 shares of the real estate investment trust’s stock, valued at approximately $274,000.

Several other large investors have also modified their holdings of UDR. Family Firm Inc. bought a new position in shares of UDR in the second quarter worth about $26,000. UMB Bank n.a. purchased a new position in UDR in the second quarter valued at about $33,000. Rothschild Investment LLC purchased a new position in shares of UDR in the 2nd quarter worth approximately $35,000. Quest Partners LLC purchased a new position in UDR in the second quarter worth $37,000. Finally, Blue Trust Inc. increased its position in UDR by 1,018.3% during the 2nd quarter. Blue Trust Inc. now owns 1,040 shares of the real estate investment trust’s stock valued at $39,000 after buying an additional 947 shares in the last quarter. Hedge funds and other institutional investors own 97.84% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on UDR shares. Truist Financial upped their price target on shares of UDR from $44.00 to $47.00 and gave the company a “buy” rating in a research note on Monday, August 26th. Evercore ISI lifted their price target on UDR from $42.00 to $43.00 and gave the company an “in-line” rating in a research report on Monday, September 9th. BNP Paribas assumed coverage on shares of UDR in a report on Wednesday, September 11th. They issued an “outperform” rating and a $49.00 price objective for the company. The Goldman Sachs Group began coverage on shares of UDR in a research note on Wednesday, September 4th. They set a “sell” rating and a $42.00 target price on the stock. Finally, UBS Group lifted their price target on UDR from $48.00 to $52.00 and gave the company a “buy” rating in a research note on Thursday, September 12th. Two equities research 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. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $45.18.

UDR Stock Performance

NYSE:UDR opened at $44.34 on Thursday. UDR, Inc. has a twelve month low of $32.70 and a twelve month high of $47.55. The company has a market cap of $14.63 billion, a P/E ratio of 119.84, a P/E/G ratio of 12.30 and a beta of 0.85. The company has a current ratio of 5.91, a quick ratio of 5.91 and a debt-to-equity ratio of 1.69. The company’s 50-day moving average price is $44.60 and its 200-day moving average price is $42.23.

UDR Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, October 31st. Stockholders of record on Thursday, October 10th were issued a dividend of $0.425 per share. This represents a $1.70 annualized dividend and a dividend yield of 3.83%. The ex-dividend date of this dividend was Thursday, October 10th. UDR’s dividend payout ratio is currently 459.46%.

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.