UDR, Inc. (NYSE:UDR) Shares Acquired by Daiwa Securities Group Inc.

Daiwa Securities Group Inc. lifted its stake in shares of UDR, Inc. (NYSE:UDR) by 2.3% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 7,109,980 shares of the real estate investment trust’s stock after purchasing an additional 159,625 shares during the quarter. UDR comprises approximately 1.5% of Daiwa Securities Group Inc.’s portfolio, making the stock its 20th biggest position. Daiwa Securities Group Inc.’s holdings in UDR were worth $322,366,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Algert Global LLC purchased a new position in UDR during the 3rd quarter worth $442,000. Cerity Partners LLC raised its holdings in UDR by 0.6% during the third quarter. Cerity Partners LLC now owns 128,712 shares of the real estate investment trust’s stock worth $5,836,000 after purchasing an additional 798 shares in the last quarter. Activest Wealth Management purchased a new position in UDR during the third quarter worth about $27,000. Charles Schwab Investment Management Inc. lifted its position in UDR by 2.8% in the third 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 period. Finally, Landscape Capital Management L.L.C. purchased a new stake in UDR in the 3rd quarter valued at approximately $333,000. 97.84% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on the company. UBS Group upped their price objective on UDR from $48.00 to $52.00 and gave the stock a “buy” rating in a report on Thursday, September 12th. Truist Financial increased their price target on shares of UDR from $44.00 to $47.00 and gave the company a “buy” rating in a report on Monday, August 26th. Royal Bank of Canada reduced their price objective on shares of UDR from $46.00 to $45.00 and set a “sector perform” rating for the company in a research note on Tuesday, November 5th. Piper Sandler upped their target price on shares of UDR from $40.00 to $46.00 and gave the stock a “neutral” rating in a research report on Monday, August 26th. Finally, StockNews.com downgraded shares of UDR from a “hold” rating to a “sell” rating in a research report on Tuesday, November 19th. Two equities research 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. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $45.18.

UDR Trading Up 0.6 %

NYSE UDR opened at $45.09 on Friday. The company has a market cap of $14.88 billion, a P/E ratio of 121.87, a P/E/G ratio of 12.43 and a beta of 0.85. UDR, Inc. has a 12 month low of $32.85 and a 12 month high of $47.55. The company has a debt-to-equity ratio of 1.69, a current ratio of 5.91 and a quick ratio of 5.91. The company has a 50-day moving average of $44.50 and a 200-day moving average of $42.32.

UDR Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, October 31st. Investors of record on Thursday, October 10th were given a dividend of $0.425 per share. This represents a $1.70 annualized dividend and a yield of 3.77%. The ex-dividend date of this dividend was Thursday, October 10th. UDR’s dividend payout ratio (DPR) is 459.47%.

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.