Heitman Real Estate Securities LLC Cuts Stake in UDR, Inc. (NYSE:UDR)

Heitman Real Estate Securities LLC decreased its holdings in UDR, Inc. (NYSE:UDR) by 38.8% in the third quarter, Holdings Channel reports. The firm owned 1,032,305 shares of the real estate investment trust’s stock after selling 653,165 shares during the period. UDR comprises about 2.6% of Heitman Real Estate Securities LLC’s portfolio, making the stock its 15th largest position. Heitman Real Estate Securities LLC’s holdings in UDR were worth $46,805,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Family Firm Inc. purchased a new stake in UDR in the second quarter valued at about $26,000. Activest Wealth Management acquired a new position in shares of UDR during the third quarter valued at about $27,000. UMB Bank n.a. purchased a new position in shares of UDR in the 2nd quarter valued at approximately $33,000. Brooklyn Investment Group acquired a new stake in UDR in the 3rd quarter worth approximately $33,000. Finally, Rothschild Investment LLC purchased a new stake in UDR during the 2nd quarter worth approximately $35,000. 97.84% of the stock is currently owned by hedge funds and other institutional investors.

UDR Stock Down 1.2 %

UDR opened at $45.31 on Tuesday. The company has a fifty day moving average of $44.45 and a two-hundred day moving average of $42.63. The stock has a market capitalization of $14.95 billion, a price-to-earnings ratio of 122.46, a PEG ratio of 12.72 and a beta of 0.87. UDR, Inc. has a fifty-two week low of $33.99 and a fifty-two week high of $47.55. 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 Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, October 31st. Investors of record on Thursday, October 10th were issued a $0.425 dividend. The ex-dividend date was Thursday, October 10th. This represents a $1.70 dividend on an annualized basis and a yield of 3.75%. UDR’s payout ratio is 459.47%.

Analysts Set New Price Targets

A number of brokerages recently issued reports on UDR. Wells Fargo & Company raised their target price on UDR from $41.00 to $48.00 and gave the stock an “overweight” rating in a research note on Monday, August 26th. StockNews.com lowered UDR from a “hold” rating to a “sell” rating in a report on Tuesday, November 19th. The Goldman Sachs Group started coverage on UDR in a report on Wednesday, September 4th. They set a “sell” rating and a $42.00 target price for the company. Truist Financial increased their price target on shares of UDR from $44.00 to $47.00 and gave the stock a “buy” rating in a report on Monday, August 26th. Finally, 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 research note on Tuesday, September 10th. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating and eight have assigned a buy rating to the company’s stock. Based on data from MarketBeat, UDR has a consensus rating of “Hold” and an average target price of $45.18.

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.