UDR, Inc. (NYSE:UDR) Shares Bought by Victory Capital Management Inc.

Victory Capital Management Inc. grew its stake in UDR, Inc. (NYSE:UDR) by 1.6% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 97,190 shares of the real estate investment trust’s stock after buying an additional 1,537 shares during the quarter. Victory Capital Management Inc.’s holdings in UDR were worth $4,407,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. CWM LLC raised its position in UDR by 10.0% during the third quarter. CWM LLC now owns 3,802 shares of the real estate investment trust’s stock valued at $172,000 after acquiring an additional 347 shares in the last quarter. Mather Group LLC. increased 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 valued at $45,000 after purchasing an additional 367 shares in the last quarter. Truist Financial Corp lifted its stake in shares of UDR by 0.6% in the 2nd quarter. Truist Financial Corp now owns 66,673 shares of the real estate investment trust’s stock valued at $2,744,000 after purchasing an additional 414 shares during the period. TCV Trust & Wealth Management Inc. boosted its holdings in UDR by 8.2% during the third quarter. TCV Trust & Wealth Management Inc. now owns 5,589 shares of the real estate investment trust’s stock worth $253,000 after buying an additional 424 shares in the last quarter. Finally, V Square Quantitative Management LLC grew its position in UDR by 12.4% during the second quarter. V Square Quantitative Management LLC now owns 5,658 shares of the real estate investment trust’s stock valued at $233,000 after buying an additional 626 shares during the period. Hedge funds and other institutional investors own 97.84% of the company’s stock.

UDR Stock Performance

Shares of UDR stock opened at $45.09 on Friday. The company has a debt-to-equity ratio of 1.69, a quick ratio of 5.91 and a current ratio of 5.91. The business’s 50 day moving average price is $44.54 and its 200 day moving average price is $42.26. The company has a market cap of $14.88 billion, a price-to-earnings ratio of 121.11, a PEG ratio of 12.35 and a beta of 0.85. UDR, Inc. has a one year low of $32.85 and a one year high of $47.55.

UDR Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, October 31st. Stockholders of record on Thursday, October 10th were given a dividend of $0.425 per share. The ex-dividend date of this dividend was Thursday, October 10th. This represents a $1.70 annualized dividend and a dividend yield of 3.77%. UDR’s payout ratio is 459.47%.

Analyst Ratings Changes

A number of brokerages have weighed in on UDR. JPMorgan Chase & Co. upped their price objective on shares of UDR from $43.00 to $50.00 and gave the stock an “overweight” rating in a research report on Monday, September 16th. Scotiabank reduced their price target on UDR from $49.00 to $48.00 and set a “sector perform” rating for the company in a report on Thursday, November 14th. Wedbush boosted their price objective on UDR from $45.00 to $49.00 and gave the company an “outperform” rating in a research report on Monday, August 5th. BNP Paribas began coverage on UDR in a research report on Wednesday, September 11th. They set an “outperform” rating and a $49.00 target price on the stock. Finally, UBS Group lifted their price target on shares of UDR from $48.00 to $52.00 and gave the company a “buy” rating in a research note on Thursday, September 12th. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and eight have given a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $45.18.

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.