Baker Ellis Asset Management LLC Has $348,000 Holdings in UDR, Inc. (NYSE:UDR)

Baker Ellis Asset Management LLC increased its stake in UDR, Inc. (NYSE:UDR) by 77.4% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 8,020 shares of the real estate investment trust’s stock after purchasing an additional 3,500 shares during the period. Baker Ellis Asset Management LLC’s holdings in UDR were worth $348,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. International Assets Investment Management LLC raised its position in UDR by 4,436.2% in the 3rd 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 position in UDR by 1,665.3% in the 3rd quarter. Los Angeles Capital Management LLC now owns 369,448 shares of the real estate investment trust’s stock worth $16,751,000 after purchasing an additional 348,520 shares during the last quarter. MQS Management LLC bought a new position in UDR in the 3rd quarter worth approximately $712,000. JPMorgan Chase & Co. raised its position in UDR by 5.0% in the 3rd quarter. JPMorgan Chase & Co. now owns 7,774,541 shares of the real estate investment trust’s stock worth $352,498,000 after purchasing an additional 368,087 shares during the last quarter. Finally, Millennium Management LLC raised its position in UDR by 115.3% in the 2nd quarter. Millennium Management LLC now owns 3,499,150 shares of the real estate investment trust’s stock worth $143,990,000 after purchasing an additional 1,874,096 shares during the last quarter. Institutional investors own 97.84% of the company’s stock.

Analysts Set New Price Targets

Several research analysts recently weighed in on the stock. Barclays initiated coverage on shares of UDR in a research report on Tuesday, December 17th. They issued an “overweight” rating and a $50.00 price objective for the company. Jefferies Financial Group cut shares of UDR from a “buy” rating to a “hold” rating and dropped their target price for the company from $50.00 to $45.00 in a research report on Thursday, January 2nd. StockNews.com cut shares of UDR from a “hold” rating to a “sell” rating in a research report on Thursday, January 2nd. Scotiabank dropped 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 report on Thursday, November 14th. Finally, Mizuho dropped their target price on shares of UDR from $47.00 to $45.00 and set a “neutral” rating for the company in a research report on Monday, January 6th. Two 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’s stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $46.35.

UDR Price Performance

Shares of UDR stock opened at $40.31 on Friday. The firm has a market capitalization of $13.30 billion, a price-to-earnings ratio of 108.94, a price-to-earnings-growth ratio of 11.25 and a beta of 0.89. The company has a quick ratio of 5.91, a current ratio of 5.91 and a debt-to-equity ratio of 1.69. UDR, Inc. has a 12-month low of $34.19 and a 12-month high of $47.55. The firm has a fifty day moving average of $43.51 and a 200-day moving average of $43.40.

UDR Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, January 31st. Shareholders of record on Thursday, January 9th will be issued a dividend of $0.425 per share. This represents a $1.70 dividend on an annualized basis and a yield of 4.22%. The ex-dividend date is Friday, January 10th. UDR’s dividend payout ratio (DPR) is presently 459.46%.

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.