Harvest Portfolios Group Inc. Has $1.57 Million Stock Holdings in UDR, Inc. (NYSE:UDR)

Harvest Portfolios Group Inc. grew its position in shares of UDR, Inc. (NYSE:UDR) by 172.1% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 34,663 shares of the real estate investment trust’s stock after acquiring an additional 21,923 shares during the quarter. Harvest Portfolios Group Inc.’s holdings in UDR were worth $1,572,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in UDR. CWM LLC increased its holdings in UDR by 10.0% during the third quarter. CWM LLC now owns 3,802 shares of the real estate investment trust’s stock worth $172,000 after buying an additional 347 shares during the last quarter. Mather Group LLC. grew its holdings in UDR by 58.2% during the third quarter. Mather Group LLC. now owns 998 shares of the real estate investment trust’s stock worth $45,000 after purchasing an additional 367 shares during the period. Truist Financial Corp increased its position in UDR by 0.6% during the second quarter. Truist Financial Corp now owns 66,673 shares of the real estate investment trust’s stock worth $2,744,000 after buying an additional 414 shares during the last quarter. TCV Trust & Wealth Management Inc. raised its stake in UDR by 8.2% in the third quarter. TCV Trust & Wealth Management Inc. now owns 5,589 shares of the real estate investment trust’s stock valued at $253,000 after buying an additional 424 shares during the period. Finally, Covestor Ltd lifted its position in shares of UDR by 18.3% in the first quarter. Covestor Ltd now owns 3,336 shares of the real estate investment trust’s stock valued at $125,000 after buying an additional 515 shares during the last quarter. 97.84% of the stock is owned by institutional investors.

UDR Trading Up 0.1 %

Shares of NYSE UDR opened at $43.27 on Thursday. UDR, Inc. has a 52-week low of $31.87 and a 52-week high of $47.55. The company has a market cap of $14.28 billion, a PE ratio of 116.95, a P/E/G ratio of 9.18 and a beta of 0.85. The firm’s 50 day moving average price is $44.63 and its 200-day moving average price is $41.77. 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 Announces Dividend

The company also recently declared 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. The ex-dividend date was Thursday, October 10th. This represents a $1.70 annualized dividend and a dividend yield of 3.93%. UDR’s payout ratio is 459.47%.

Analyst Ratings Changes

Several equities analysts have recently weighed in on UDR shares. Royal Bank of Canada dropped their price objective 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. Wedbush lifted their price objective on shares of UDR from $45.00 to $49.00 and gave the company an “outperform” rating in a research note on Monday, August 5th. Scotiabank raised their price target on shares of UDR from $45.00 to $49.00 and gave the company a “sector perform” rating in a research note on Monday, September 16th. Evercore ISI upped their price target on shares of UDR from $42.00 to $43.00 and gave the company an “in-line” rating in a research report on Monday, September 9th. Finally, UBS Group lifted their price objective on UDR from $48.00 to $52.00 and gave the stock a “buy” rating in a research report 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.com, UDR has a consensus rating of “Hold” and an average target price of $45.24.

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.