Los Angeles Capital Management LLC Has $16.75 Million Stake in UDR, Inc. (NYSE:UDR)

Los Angeles Capital Management LLC increased its position in UDR, Inc. (NYSE:UDR) by 1,665.3% during the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 369,448 shares of the real estate investment trust’s stock after buying an additional 348,520 shares during the period. Los Angeles Capital Management LLC owned 0.11% of UDR worth $16,751,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its holdings in UDR by 0.5% in the first quarter. Vanguard Group Inc. now owns 51,063,214 shares of the real estate investment trust’s stock worth $1,910,275,000 after buying an additional 233,475 shares during the last quarter. Centersquare Investment Management LLC increased its holdings in UDR by 17.7% in the first quarter. Centersquare Investment Management LLC now owns 9,550,638 shares of the real estate investment trust’s stock worth $363,688,000 after buying an additional 1,433,463 shares during the last quarter. Dimensional Fund Advisors LP boosted its position in UDR by 2.2% during the second quarter. Dimensional Fund Advisors LP now owns 4,732,429 shares of the real estate investment trust’s stock worth $194,737,000 after purchasing an additional 103,384 shares during the period. Capital Research Global Investors bought a new stake in UDR during the first quarter worth approximately $176,137,000. Finally, Millennium Management LLC boosted its position in UDR by 115.3% during the second quarter. Millennium Management LLC now owns 3,499,150 shares of the real estate investment trust’s stock worth $143,990,000 after purchasing an additional 1,874,096 shares during the period. Institutional investors and hedge funds own 97.84% of the company’s stock.

UDR Stock Up 2.2 %

Shares of UDR stock opened at $44.48 on Monday. The stock has a market cap of $14.68 billion, a P/E ratio of 120.22, a price-to-earnings-growth ratio of 9.72 and a beta of 0.85. UDR, Inc. has a one year low of $31.87 and a one year high of $47.55. The stock has a fifty day moving average price of $44.62 and a 200 day moving average price of $41.87. The company has a debt-to-equity ratio of 1.69, a current ratio of 5.91 and a quick ratio of 5.91.

UDR Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, October 31st. Investors of record on Thursday, October 10th were given a $0.425 dividend. The ex-dividend date was Thursday, October 10th. This represents a $1.70 annualized dividend and a yield of 3.82%. UDR’s dividend payout ratio (DPR) is currently 459.47%.

Wall Street Analyst Weigh In

UDR has been the subject of a number of recent analyst reports. Evercore ISI upped their target price on UDR from $42.00 to $43.00 and gave the stock an “in-line” rating in a research report on Monday, September 9th. Deutsche Bank Aktiengesellschaft upped their target price on UDR from $40.00 to $44.00 and gave the stock a “hold” rating in a research report on Tuesday, September 10th. Truist Financial upped their target price on UDR from $44.00 to $47.00 and gave the stock a “buy” rating in a research report on Monday, August 26th. JPMorgan Chase & Co. upped their target price on UDR from $43.00 to $50.00 and gave the stock an “overweight” rating in a research report on Monday, September 16th. Finally, StockNews.com cut UDR from a “hold” rating to a “sell” rating in a research report on Wednesday, November 6th. 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. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $45.24.

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.