UDR, Inc. (NYSE:UDR) Shares Acquired by Fmr LLC

Fmr LLC lifted its holdings in UDR, Inc. (NYSE:UDR) by 14.8% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 11,401,026 shares of the real estate investment trust’s stock after acquiring an additional 1,471,855 shares during the quarter. Fmr LLC owned 3.46% of UDR worth $516,923,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in UDR. Activest Wealth Management acquired a new stake in UDR during the 3rd quarter worth about $27,000. Family Firm Inc. acquired a new stake in UDR during the second quarter worth about $26,000. UMB Bank n.a. acquired a new stake in UDR during the second quarter worth about $33,000. Rothschild Investment LLC acquired a new position in UDR in the second quarter valued at approximately $35,000. Finally, Quest Partners LLC purchased a new stake in UDR in the 2nd quarter worth approximately $37,000. Hedge funds and other institutional investors own 97.84% of the company’s stock.

UDR Price Performance

UDR stock opened at $45.85 on Friday. The company has a fifty day simple moving average of $44.47 and a 200-day simple moving average of $42.55. The firm has a market capitalization of $15.13 billion, a price-to-earnings ratio of 123.92, a PEG ratio of 12.85 and a beta of 0.85. The company has a quick ratio of 5.91, a current ratio of 5.91 and a debt-to-equity ratio of 1.69. UDR, Inc. has a 52-week low of $33.02 and a 52-week high of $47.55.

UDR Dividend Announcement

The firm 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 was Thursday, October 10th. This represents a $1.70 dividend on an annualized basis and a yield of 3.71%. UDR’s payout ratio is 459.47%.

Analysts Set New Price Targets

UDR has been the subject of several recent research reports. UBS Group lifted their target price on shares of UDR from $48.00 to $52.00 and gave the company a “buy” rating in a report on Thursday, September 12th. Truist Financial upped their price objective on shares of UDR from $44.00 to $47.00 and gave the stock a “buy” rating in a research report on Monday, August 26th. Evercore ISI raised their target price on UDR from $42.00 to $43.00 and gave the company an “in-line” rating in a research report on Monday, September 9th. Wedbush upped their price target on UDR from $45.00 to $49.00 and gave the stock an “outperform” rating in a report on Monday, August 5th. Finally, The Goldman Sachs Group began coverage on 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 given a hold rating and eight have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $45.18.

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.