UDR, Inc. (NYSE:UDR) Shares Purchased by Metis Global Partners LLC

Metis Global Partners LLC increased its holdings in UDR, Inc. (NYSE:UDR) by 20.7% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 40,713 shares of the real estate investment trust’s stock after buying an additional 6,976 shares during the quarter. Metis Global Partners LLC’s holdings in UDR were worth $1,846,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. CWM LLC grew its stake 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. Mather Group LLC. raised its holdings in shares of UDR by 58.2% during the 3rd quarter. Mather Group LLC. now owns 998 shares of the real estate investment trust’s stock worth $45,000 after acquiring an additional 367 shares during the period. Truist Financial Corp raised its holdings in shares of UDR by 0.6% during the 2nd quarter. Truist Financial Corp now owns 66,673 shares of the real estate investment trust’s stock worth $2,744,000 after acquiring an additional 414 shares during the period. TCV Trust & Wealth Management Inc. increased its position in shares of UDR by 8.2% during the 3rd quarter. TCV Trust & Wealth Management Inc. now owns 5,589 shares of the real estate investment trust’s stock worth $253,000 after purchasing an additional 424 shares during the last quarter. Finally, Covestor Ltd increased its position in shares of UDR by 18.3% during the 1st quarter. Covestor Ltd now owns 3,336 shares of the real estate investment trust’s stock worth $125,000 after purchasing an additional 515 shares during the last quarter. Institutional investors and hedge funds own 97.84% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have weighed in on UDR shares. Scotiabank dropped their target price on UDR from $49.00 to $48.00 and set a “sector perform” rating for the company in a research report on Thursday. UBS Group lifted their target price on UDR from $48.00 to $52.00 and gave the company a “buy” rating in a research report on Thursday, September 12th. Piper Sandler lifted their price objective on UDR from $40.00 to $46.00 and gave the company a “neutral” rating in a research note on Monday, August 26th. Wedbush lifted their price objective on UDR from $45.00 to $49.00 and gave the company an “outperform” rating in a research note on Monday, August 5th. Finally, Royal Bank of Canada decreased 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. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat, UDR has a consensus rating of “Hold” and a consensus target price of $45.18.

UDR Price Performance

Shares of NYSE UDR opened at $44.31 on Friday. The company has a current ratio of 5.91, a quick ratio of 5.91 and a debt-to-equity ratio of 1.69. UDR, Inc. has a twelve month low of $32.37 and a twelve month high of $47.55. The stock has a 50 day moving average of $44.62 and a two-hundred day moving average of $42.03. The stock has a market cap of $14.62 billion, a P/E ratio of 119.76, a P/E/G ratio of 12.55 and a beta of 0.85.

UDR Dividend Announcement

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 $0.425 dividend. This represents a $1.70 dividend on an annualized basis and a yield of 3.84%. The ex-dividend date was Thursday, October 10th. UDR’s dividend payout ratio is currently 459.46%.

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.