KBC Group NV grew its position in UDR, Inc. (NYSE:UDR - Free Report) by 658.5% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm 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 owned approximately 0.09% of UDR worth $13,979,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds also recently made changes to their positions in UDR. Intech Investment Management LLC acquired a new position in shares of UDR in the 1st quarter valued at $213,000. Vanguard Group Inc. boosted its stake in UDR by 0.5% in the 1st quarter. Vanguard Group Inc. now owns 51,063,214 shares of the real estate investment trust's stock worth $1,910,275,000 after purchasing an additional 233,475 shares during the period. Covestor Ltd boosted its stake in UDR by 18.3% in the 1st quarter. Covestor Ltd now owns 3,336 shares of the real estate investment trust's stock worth $125,000 after purchasing an additional 515 shares during the period. UniSuper Management Pty Ltd boosted its stake in UDR by 24.7% in the 1st quarter. UniSuper Management Pty Ltd now owns 122,044 shares of the real estate investment trust's stock worth $4,566,000 after purchasing an additional 24,166 shares during the period. Finally, Bessemer Group Inc. boosted its stake in UDR by 2,250.3% in the 1st quarter. Bessemer Group Inc. now owns 37,416 shares of the real estate investment trust's stock worth $1,399,000 after purchasing an additional 35,824 shares during the period. Institutional investors and hedge funds own 97.84% of the company's stock.
UDR has been the subject of a number of research analyst reports. Scotiabank reduced their target price on shares of UDR from $49.00 to $48.00 and set a "sector perform" rating for the company in a research note on Thursday. Evercore ISI upped their target price on shares of UDR from $42.00 to $43.00 and gave the stock an "in-line" rating in a research note on Monday, September 9th. Royal Bank of Canada cut 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. JPMorgan Chase & Co. boosted their price target on shares of UDR from $43.00 to $50.00 and gave the stock an "overweight" rating in a research report on Monday, September 16th. Finally, UBS Group boosted their price target 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. Two research analysts have rated the stock with a sell rating, eight have given a hold rating and eight have issued a buy rating to the company's stock. Based on data from MarketBeat, the stock has an average rating of "Hold" and a consensus price target of $45.18.
View Our Latest Report on UDR
Shares of UDR stock opened at $44.31 on Friday. 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 firm's 50-day moving average is $44.63 and its 200-day moving average is $42.07. The stock has a market cap of $14.62 billion, a price-to-earnings ratio of 119.76, a PEG ratio of 12.55 and a beta of 0.85. UDR, Inc. has a 52-week low of $32.37 and a 52-week high of $47.55.
The company also recently announced a quarterly dividend, which was paid on Thursday, October 31st. Stockholders 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 dividend yield of 3.84%. UDR's payout ratio is 459.46%.
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.
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