KBC Group NV Has $13.98 Million Stock Position in UDR, Inc. (NYSE:UDR)

KBC Group NV boosted its stake in UDR, Inc. (NYSE:UDR) by 658.5% during the third quarter, according to the company in its most recent filing with the SEC. The fund owned 308,312 shares of the real estate investment trust’s stock after buying an additional 267,662 shares during the period. KBC Group NV’s holdings in UDR were worth $13,979,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also bought and sold shares of UDR. Family Firm Inc. acquired a new position in shares of UDR during the 2nd quarter worth approximately $26,000. UMB Bank n.a. acquired a new position in shares of UDR during the 2nd quarter worth approximately $33,000. Rothschild Investment LLC acquired a new position in shares of UDR during the 2nd quarter worth approximately $35,000. Quest Partners LLC acquired a new position in shares of UDR during the 2nd quarter worth approximately $37,000. Finally, Blue Trust Inc. grew its position in shares of 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 worth $39,000 after purchasing an additional 947 shares in the last quarter. Institutional investors and hedge funds own 97.84% of the company’s stock.

UDR Stock Down 0.5 %

Shares of NYSE:UDR opened at $44.31 on Friday. The company has a fifty day moving average of $44.63 and a 200-day moving average of $42.07. The company has a market capitalization of $14.62 billion, a PE ratio of 119.76, a price-to-earnings-growth ratio of 12.55 and a beta of 0.85. The company has a debt-to-equity ratio of 1.69, a quick ratio of 5.91 and a current ratio of 5.91. UDR, Inc. has a 52-week low of $32.37 and a 52-week high of $47.55.

UDR Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, October 31st. Investors of record on Thursday, October 10th were paid a $0.425 dividend. The ex-dividend date of this dividend was Thursday, October 10th. This represents a $1.70 annualized dividend and a dividend yield of 3.84%. UDR’s dividend payout ratio is 459.46%.

Analyst Upgrades and Downgrades

UDR has been the topic of a number of analyst reports. UBS Group increased their target price on shares of 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 stock an “overweight” rating in a research report on Monday, August 26th. Royal Bank of Canada reduced their price target on shares of UDR from $46.00 to $45.00 and set a “sector perform” rating on the stock in a research report on Tuesday, November 5th. 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 report on Monday, August 5th. Finally, The Goldman Sachs Group initiated coverage on shares of UDR in a research report on Wednesday, September 4th. They set a “sell” rating and a $42.00 price target on the stock. 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 company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $45.18.

UDR Company 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.