Healthcare of Ontario Pension Plan Trust Fund Has $3.67 Million Holdings in UDR, Inc. (NYSE:UDR)

Healthcare of Ontario Pension Plan Trust Fund trimmed its holdings in shares of UDR, Inc. (NYSE:UDR) by 57.6% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 81,000 shares of the real estate investment trust’s stock after selling 109,900 shares during the quarter. Healthcare of Ontario Pension Plan Trust Fund’s holdings in UDR were worth $3,673,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of UDR. CWM LLC increased its holdings in shares of UDR by 10.0% during the 3rd quarter. CWM LLC now owns 3,802 shares of the real estate investment trust’s stock worth $172,000 after purchasing an additional 347 shares during the period. Empowered Funds LLC lifted its stake in shares of UDR by 7.1% in the third quarter. Empowered Funds LLC now owns 5,246 shares of the real estate investment trust’s stock valued at $238,000 after buying an additional 350 shares during the period. Mather Group LLC. grew its position 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 buying an additional 367 shares in the last quarter. Truist Financial Corp raised its holdings in UDR by 0.6% in the 2nd quarter. Truist Financial Corp now owns 66,673 shares of the real estate investment trust’s stock valued at $2,744,000 after acquiring an additional 414 shares in the last quarter. Finally, TCV Trust & Wealth Management Inc. raised its holdings in UDR by 8.2% in the 3rd quarter. TCV Trust & Wealth Management Inc. now owns 5,589 shares of the real estate investment trust’s stock valued at $253,000 after acquiring an additional 424 shares in the last quarter. 97.84% of the stock is owned by institutional investors and hedge funds.

UDR Stock Down 1.0 %

Shares of NYSE UDR opened at $45.86 on Friday. UDR, Inc. has a 12-month low of $33.02 and a 12-month high of $47.55. The firm’s 50-day simple moving average is $44.47 and its 200 day simple moving average is $42.57. The company has a quick ratio of 5.91, a current ratio of 5.91 and a debt-to-equity ratio of 1.69. The company has a market cap of $15.13 billion, a price-to-earnings ratio of 123.95, a price-to-earnings-growth ratio of 12.85 and a beta of 0.85.

UDR Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, October 31st. Stockholders of record on Thursday, October 10th were paid 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 3.71%. UDR’s dividend payout ratio (DPR) is currently 459.47%.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on UDR shares. Wedbush boosted their price objective on UDR from $45.00 to $49.00 and gave the company an “outperform” rating in a research report on Monday, August 5th. Evercore ISI boosted their price target on shares of UDR from $42.00 to $43.00 and gave the company an “in-line” rating in a report on Monday, September 9th. Truist Financial raised their price objective on shares of UDR from $44.00 to $47.00 and gave the stock a “buy” rating in a report on Monday, August 26th. Scotiabank lowered their target price on shares of UDR from $49.00 to $48.00 and set a “sector perform” rating on the stock in a research note on Thursday, November 14th. Finally, Royal Bank of Canada dropped their price target on shares of UDR from $46.00 to $45.00 and set a “sector perform” rating for the company in a research report on Tuesday, November 5th. Two analysts have rated the stock with a sell rating, eight have issued a hold rating and eight have issued a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $45.18.

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.