Contravisory Investment Management Inc. Purchases 930 Shares of UDR, Inc. (NYSE:UDR)

Contravisory Investment Management Inc. boosted its holdings in shares of UDR, Inc. (NYSE:UDR) by 0.5% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 185,806 shares of the real estate investment trust’s stock after acquiring an additional 930 shares during the period. Contravisory Investment Management Inc. owned approximately 0.06% of UDR worth $8,066,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently modified their holdings of the business. Activest Wealth Management bought a new position in UDR in the third quarter valued at approximately $27,000. Brooklyn Investment Group acquired a new stake in shares of UDR during the third quarter worth $33,000. Quest Partners LLC bought a new stake in UDR in the 2nd quarter valued at $37,000. Continuum Advisory LLC boosted its stake in UDR by 5,335.3% in the 3rd quarter. Continuum Advisory LLC now owns 924 shares of the real estate investment trust’s stock worth $41,000 after purchasing an additional 907 shares during the period. Finally, Mather Group LLC. increased its holdings in 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 purchasing an additional 367 shares in the last quarter. Institutional investors and hedge funds own 97.84% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on UDR. Jefferies Financial Group lowered UDR from a “buy” rating to a “hold” rating and cut their price target for the company from $50.00 to $45.00 in a report on Thursday, January 2nd. 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 report on Tuesday, November 5th. StockNews.com cut UDR from a “hold” rating to a “sell” rating in a research report on Thursday, January 2nd. Mizuho lowered their price target on UDR from $47.00 to $45.00 and set a “neutral” rating on the stock in a research report on Monday, January 6th. Finally, Barclays assumed coverage on shares of UDR in a report on Tuesday, December 17th. They set an “overweight” rating and a $50.00 target price for the company. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $46.35.

UDR Stock Down 0.3 %

UDR stock opened at $41.05 on Thursday. The firm has a 50-day moving average price of $43.88 and a 200-day moving average price of $43.41. UDR, Inc. has a 12 month low of $34.19 and a 12 month high of $47.55. The company has a current ratio of 5.91, a quick ratio of 5.91 and a debt-to-equity ratio of 1.69. The stock has a market capitalization of $13.54 billion, a P/E ratio of 110.95, a price-to-earnings-growth ratio of 10.92 and a beta of 0.89.

UDR Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, January 31st. Stockholders of record on Thursday, January 9th will be issued a dividend of $0.425 per share. The ex-dividend date is Friday, January 10th. This represents a $1.70 annualized dividend and a dividend yield of 4.14%. UDR’s dividend payout ratio (DPR) is presently 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.