BNP PARIBAS ASSET MANAGEMENT Holding S.A. Has $9.04 Million Stake in UDR, Inc. (NYSE:UDR)

BNP PARIBAS ASSET MANAGEMENT Holding S.A. lifted its holdings in shares of UDR, Inc. (NYSE:UDR) by 27.2% during the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 199,465 shares of the real estate investment trust’s stock after purchasing an additional 42,633 shares during the period. BNP PARIBAS ASSET MANAGEMENT Holding S.A. owned 0.06% of UDR worth $9,044,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in UDR. Bayesian Capital Management LP increased its position in UDR by 161.7% in the 1st quarter. Bayesian Capital Management LP now owns 47,900 shares of the real estate investment trust’s stock valued at $1,792,000 after acquiring an additional 29,600 shares in the last quarter. Janus Henderson Group PLC raised its position in UDR by 21.1% in the 1st quarter. Janus Henderson Group PLC now owns 1,679,891 shares of the real estate investment trust’s stock worth $62,837,000 after purchasing an additional 292,848 shares during the last quarter. Tidal Investments LLC lifted its holdings in UDR by 149.7% during the 1st quarter. Tidal Investments LLC now owns 27,921 shares of the real estate investment trust’s stock worth $1,045,000 after buying an additional 16,737 shares in the last quarter. iA Global Asset Management Inc. boosted its position in UDR by 5.1% in the 1st quarter. iA Global Asset Management Inc. now owns 46,325 shares of the real estate investment trust’s stock valued at $1,733,000 after buying an additional 2,250 shares during the last quarter. Finally, Virtu Financial LLC acquired a new stake in shares of UDR in the 1st quarter valued at $458,000. 97.84% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on UDR. UBS Group raised their price target on UDR from $48.00 to $52.00 and gave the company a “buy” rating in a report on Thursday, September 12th. StockNews.com lowered shares of UDR from a “hold” rating to a “sell” rating in a research note on Tuesday, November 19th. BNP Paribas started coverage on shares of UDR in a research note on Wednesday, September 11th. They set an “outperform” rating and a $49.00 price target for the company. Scotiabank reduced their price objective on shares of UDR from $49.00 to $48.00 and set a “sector perform” rating on the stock in a research note on Thursday, November 14th. Finally, Deutsche Bank Aktiengesellschaft upped their target price on shares of UDR from $40.00 to $44.00 and gave the company a “hold” rating in a research report on Tuesday, September 10th. Two analysts have rated the stock with a sell rating, eight have issued a hold rating and eight have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $45.18.

UDR Stock Up 0.6 %

UDR stock opened at $45.09 on Monday. The company has a 50 day moving average of $44.50 and a 200-day moving average of $42.35. The company has a quick ratio of 5.91, a current ratio of 5.91 and a debt-to-equity ratio of 1.69. UDR, Inc. has a twelve month low of $32.85 and a twelve month high of $47.55. The stock has a market capitalization of $14.88 billion, a PE ratio of 121.86, a price-to-earnings-growth ratio of 12.51 and a beta of 0.85.

UDR Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, October 31st. Shareholders of record on Thursday, October 10th were issued a dividend of $0.425 per share. This represents a $1.70 dividend on an annualized basis and a yield of 3.77%. The ex-dividend date was Thursday, October 10th. UDR’s dividend payout ratio (DPR) is presently 459.46%.

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.