Investment Management Corp of Ontario Purchases 3,400 Shares of UDR, Inc. (NYSE:UDR)

Investment Management Corp of Ontario lifted its position in UDR, Inc. (NYSE:UDR) by 48.6% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 10,397 shares of the real estate investment trust’s stock after acquiring an additional 3,400 shares during the quarter. Investment Management Corp of Ontario’s holdings in UDR were worth $471,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. International Assets Investment Management LLC lifted its stake in UDR by 4,436.2% in the third quarter. International Assets Investment Management LLC now owns 44,228 shares of the real estate investment trust’s stock worth $2,005,000 after purchasing an additional 43,253 shares during the last quarter. Los Angeles Capital Management LLC raised its holdings in shares of UDR by 1,665.3% in the third quarter. Los Angeles Capital Management LLC now owns 369,448 shares of the real estate investment trust’s stock worth $16,751,000 after buying an additional 348,520 shares during the period. MQS Management LLC bought a new stake in shares of UDR during the 3rd quarter worth approximately $712,000. Millennium Management LLC boosted its holdings in UDR by 115.3% during the 2nd quarter. Millennium Management LLC now owns 3,499,150 shares of the real estate investment trust’s stock valued at $143,990,000 after acquiring an additional 1,874,096 shares during the period. Finally, BSN CAPITAL PARTNERS Ltd bought a new position in UDR in the 3rd quarter valued at $10,987,000. 97.84% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

UDR has been the subject of several research analyst reports. UBS Group lifted their target price on UDR from $48.00 to $52.00 and gave the stock a “buy” rating in a research report on Thursday, September 12th. Deutsche Bank Aktiengesellschaft lifted their price objective on shares of UDR from $40.00 to $44.00 and gave the company a “hold” rating in a report on Tuesday, September 10th. Royal Bank of Canada dropped their target price on shares of UDR from $46.00 to $45.00 and set a “sector perform” rating on the stock in a research note on Tuesday, November 5th. JPMorgan Chase & Co. lifted their price target on shares of UDR from $43.00 to $50.00 and gave the company an “overweight” rating in a research note on Monday, September 16th. Finally, BNP Paribas started coverage on UDR in a research note on Wednesday, September 11th. They issued an “outperform” rating and a $49.00 price objective on the stock. 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 company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $45.18.

UDR Stock Performance

UDR stock opened at $44.84 on Friday. UDR, Inc. has a one year low of $34.19 and a one year high of $47.55. The firm has a market cap of $14.80 billion, a price-to-earnings ratio of 121.19, a PEG ratio of 12.48 and a beta of 0.87. 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 has a 50-day simple moving average of $44.40 and a two-hundred day simple moving average of $42.76.

UDR Dividend Announcement

The company also recently announced 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. The ex-dividend date was Thursday, October 10th. This represents a $1.70 dividend on an annualized basis and a yield of 3.79%. UDR’s payout ratio is 459.47%.

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.