UDR, Inc. (NYSE:UDR) Shares Sold by State Street Corp

State Street Corp lowered its position in shares of UDR, Inc. (NYSE:UDR) by 0.0% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 20,777,553 shares of the real estate investment trust’s stock after selling 4,418 shares during the quarter. State Street Corp owned about 6.30% of UDR worth $942,054,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of the company. FMR LLC raised its position in shares of UDR by 14.8% during the 3rd quarter. FMR LLC now owns 11,401,026 shares of the real estate investment trust’s stock valued at $516,923,000 after acquiring an additional 1,471,855 shares in the last quarter. Daiwa Securities Group Inc. raised its holdings in shares of UDR by 2.3% during the third quarter. Daiwa Securities Group Inc. now owns 7,109,980 shares of the real estate investment trust’s stock worth $322,366,000 after purchasing an additional 159,625 shares during the period. Dimensional Fund Advisors LP lifted its position in shares of UDR by 2.2% in the 2nd quarter. Dimensional Fund Advisors LP now owns 4,732,429 shares of the real estate investment trust’s stock worth $194,737,000 after buying an additional 103,384 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in shares of UDR by 2.8% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 4,272,032 shares of the real estate investment trust’s stock valued at $193,694,000 after buying an additional 117,213 shares during the period. Finally, Millennium Management LLC grew its position in shares of 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 buying an additional 1,874,096 shares during the last quarter. Institutional investors own 97.84% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have commented on UDR. StockNews.com downgraded UDR from a “hold” rating to a “sell” rating in a research note on Tuesday, November 19th. Royal Bank of Canada lowered their price objective on UDR from $46.00 to $45.00 and set a “sector perform” rating for the company in a research note on Tuesday, November 5th. UBS Group raised their target price on UDR from $48.00 to $52.00 and gave the company a “buy” rating in a research note on Thursday, September 12th. 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. Finally, JPMorgan Chase & Co. lifted their price objective on shares of UDR from $43.00 to $50.00 and gave the company an “overweight” rating in a research report on Monday, September 16th. Two equities 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. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $45.18.

UDR Trading Up 0.2 %

UDR stock opened at $44.84 on Friday. The firm’s 50 day moving average price is $44.40 and its two-hundred day moving average price is $42.76. The firm has a market cap of $14.80 billion, a price-to-earnings ratio of 121.19, a price-to-earnings-growth 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. UDR, Inc. has a 1 year low of $34.19 and a 1 year high of $47.55.

UDR Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, October 31st. Shareholders of record on Thursday, October 10th were paid a dividend of $0.425 per share. This represents a $1.70 dividend on an annualized basis and a yield of 3.79%. The ex-dividend date of this dividend was Thursday, October 10th. UDR’s dividend payout ratio is presently 459.47%.

UDR Company 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.