Empowered Funds LLC Increases Stock Holdings in UDR, Inc. (NYSE:UDR)

Empowered Funds LLC increased its position in shares of UDR, Inc. (NYSE:UDR) by 7.1% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 5,246 shares of the real estate investment trust’s stock after acquiring an additional 350 shares during the period. Empowered Funds LLC’s holdings in UDR were worth $238,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also bought and sold shares of UDR. CIBC Asset Management Inc increased its stake in UDR by 7.5% in the 3rd quarter. CIBC Asset Management Inc now owns 44,637 shares of the real estate investment trust’s stock worth $2,024,000 after acquiring an additional 3,110 shares during the last quarter. Metis Global Partners LLC increased its position in shares of UDR by 20.7% in the third quarter. Metis Global Partners LLC now owns 40,713 shares of the real estate investment trust’s stock worth $1,846,000 after purchasing an additional 6,976 shares during the last quarter. KBC Group NV raised its stake in UDR by 658.5% in the third quarter. KBC Group NV now owns 308,312 shares of the real estate investment trust’s stock valued at $13,979,000 after purchasing an additional 267,662 shares in the last quarter. MQS Management LLC bought a new stake in UDR during the third quarter valued at approximately $712,000. Finally, Victory Capital Management Inc. grew its stake in UDR by 1.6% in the 3rd quarter. Victory Capital Management Inc. now owns 97,190 shares of the real estate investment trust’s stock worth $4,407,000 after buying an additional 1,537 shares in the last quarter. 97.84% of the stock is currently owned by hedge funds and other institutional investors.

UDR Stock Up 0.8 %

Shares of NYSE:UDR opened at $45.94 on Wednesday. UDR, Inc. has a 1 year low of $32.85 and a 1 year high of $47.55. The company has a debt-to-equity ratio of 1.69, a current ratio of 5.91 and a quick ratio of 5.91. The stock’s 50-day moving average is $44.46 and its 200 day moving average is $42.45. The company has a market cap of $15.16 billion, a PE ratio of 124.17, a P/E/G ratio of 12.51 and a beta of 0.85.

UDR Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, October 31st. Investors 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 3.70%. The ex-dividend date of this dividend was Thursday, October 10th. UDR’s payout ratio is 459.47%.

Analyst Ratings Changes

Several research firms have recently weighed in on UDR. BNP Paribas started coverage on shares of UDR in a research report on Wednesday, September 11th. They set an “outperform” rating and a $49.00 price objective on the stock. Deutsche Bank Aktiengesellschaft raised their price target on UDR from $40.00 to $44.00 and gave the company a “hold” rating in a research report on Tuesday, September 10th. Royal Bank of Canada reduced their price objective on UDR from $46.00 to $45.00 and set a “sector perform” rating on the stock in a research report on Tuesday, November 5th. 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, November 14th. Finally, JPMorgan Chase & Co. increased their price target 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 issued a buy rating to the company. According to MarketBeat, the company 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.