UDR, Inc. (NYSE:UDR) Shares Acquired by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. lifted its position in UDR, Inc. (NYSE:UDR) by 2.8% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 4,272,032 shares of the real estate investment trust’s stock after purchasing an additional 117,213 shares during the period. Charles Schwab Investment Management Inc. owned about 1.29% of UDR worth $193,694,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently added to or reduced their stakes in the company. Family Firm Inc. acquired a new position in shares of UDR in the second quarter worth about $26,000. UMB Bank n.a. acquired a new position in UDR in the 2nd quarter worth about $33,000. Rothschild Investment LLC purchased a new position in UDR during the second quarter worth approximately $35,000. Quest Partners LLC acquired a new stake in UDR in the second quarter valued at approximately $37,000. Finally, International Assets Investment Management LLC purchased a new stake in shares of UDR in the second quarter valued at approximately $40,000. 97.84% of the stock is owned by hedge funds and other institutional investors.

UDR Stock Up 0.6 %

UDR stock opened at $45.09 on Friday. UDR, Inc. has a one year low of $32.85 and a one year high of $47.55. The firm has a market cap of $14.88 billion, a PE ratio of 121.87, a PEG ratio of 12.43 and a beta of 0.85. The firm’s 50 day moving average price is $44.50 and its 200-day moving average price is $42.30. 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 business also recently disclosed a quarterly dividend, which was paid on Thursday, October 31st. Investors of record on Thursday, October 10th were issued a $0.425 dividend. The ex-dividend date of this dividend was Thursday, October 10th. This represents a $1.70 annualized dividend and a yield of 3.77%. UDR’s dividend payout ratio (DPR) is currently 459.47%.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on UDR shares. Wedbush increased their target price on UDR from $45.00 to $49.00 and gave the company an “outperform” rating in a research report on Monday, August 5th. Wells Fargo & Company lifted their target price on shares of UDR from $41.00 to $48.00 and gave the company an “overweight” rating in a research report on Monday, August 26th. Deutsche Bank Aktiengesellschaft upped their price target on shares of UDR from $40.00 to $44.00 and gave the stock a “hold” rating in a research report on Tuesday, September 10th. StockNews.com cut UDR from a “hold” rating to a “sell” rating in a report on Tuesday, November 19th. Finally, BNP Paribas initiated coverage on UDR in a research report on Wednesday, September 11th. They issued an “outperform” rating and a $49.00 target price on the stock. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating and eight have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock currently 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.