Algert Global LLC Takes Position in UDR, Inc. (NYSE:UDR)

Algert Global LLC acquired a new position in UDR, Inc. (NYSE:UDR) in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund acquired 9,750 shares of the real estate investment trust’s stock, valued at approximately $442,000.

Other large investors have also recently bought and sold shares of the company. Cerity Partners LLC lifted its stake in shares of UDR by 0.6% during the third quarter. Cerity Partners LLC now owns 128,712 shares of the real estate investment trust’s stock valued at $5,836,000 after acquiring an additional 798 shares during the period. Activest Wealth Management bought a new position in shares of UDR in the 3rd quarter valued at about $27,000. Charles Schwab Investment Management Inc. boosted its stake in shares of UDR by 2.8% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 4,272,032 shares of the real estate investment trust’s stock valued at $193,694,000 after purchasing an additional 117,213 shares during the last quarter. Landscape Capital Management L.L.C. acquired a new stake in shares of UDR during the 3rd quarter worth approximately $333,000. Finally, BNP PARIBAS ASSET MANAGEMENT Holding S.A. raised its stake in shares of UDR by 27.2% during the third quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 199,465 shares of the real estate investment trust’s stock worth $9,044,000 after buying an additional 42,633 shares during the last quarter. Institutional investors and hedge funds own 97.84% of the company’s stock.

UDR Stock Down 1.0 %

Shares of UDR stock opened at $45.86 on Friday. UDR, Inc. has a 52-week low of $33.02 and a 52-week high of $47.55. 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 business’s 50 day simple moving average is $44.47 and its 200 day simple moving average is $42.57. The firm has a market cap of $15.13 billion, a PE ratio of 123.95, a P/E/G ratio of 12.85 and a beta of 0.85.

UDR Announces Dividend

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

Analyst Ratings Changes

A number of analysts have commented on UDR shares. JPMorgan Chase & Co. lifted their target price on shares of UDR from $43.00 to $50.00 and gave the stock an “overweight” rating in a report on Monday, September 16th. StockNews.com downgraded UDR from a “hold” rating to a “sell” rating in a report on Tuesday, November 19th. UBS Group boosted their target price on UDR from $48.00 to $52.00 and gave the stock a “buy” rating in a research report on Thursday, September 12th. Wells Fargo & Company increased their price target on shares of UDR from $41.00 to $48.00 and gave the company an “overweight” rating in a research report on Monday, August 26th. Finally, BNP Paribas started coverage on shares of UDR in a report on Wednesday, September 11th. They set an “outperform” rating and a $49.00 price objective for the company. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and eight have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $45.18.

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.