Cerity Partners LLC Has $5.84 Million Stock Holdings in UDR, Inc. (NYSE:UDR)

Cerity Partners LLC raised its stake in UDR, Inc. (NYSE:UDR) by 0.6% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 128,712 shares of the real estate investment trust’s stock after purchasing an additional 798 shares during the period. Cerity Partners LLC’s holdings in UDR were worth $5,836,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the stock. Activest Wealth Management acquired a new stake in shares of UDR in the 3rd quarter valued at about $27,000. Charles Schwab Investment Management Inc. boosted its holdings in UDR by 2.8% in the third quarter. Charles Schwab Investment Management Inc. now owns 4,272,032 shares of the real estate investment trust’s stock worth $193,694,000 after acquiring an additional 117,213 shares in the last quarter. Landscape Capital Management L.L.C. bought a new position in UDR in the third quarter worth approximately $333,000. BNP PARIBAS ASSET MANAGEMENT Holding S.A. grew its stake in UDR by 27.2% in the third quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 199,465 shares of the real estate investment trust’s stock valued at $9,044,000 after acquiring an additional 42,633 shares during the period. Finally, PNC Financial Services Group Inc. increased its holdings in shares of UDR by 1.8% during the third quarter. PNC Financial Services Group Inc. now owns 37,082 shares of the real estate investment trust’s stock valued at $1,681,000 after acquiring an additional 650 shares in the last quarter. Institutional investors and hedge funds own 97.84% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on UDR. JPMorgan Chase & Co. increased their target price on UDR from $43.00 to $50.00 and gave the stock an “overweight” rating in a report on Monday, September 16th. Truist Financial lifted their price objective on shares of UDR from $44.00 to $47.00 and gave the company a “buy” rating in a report on Monday, August 26th. Wells Fargo & Company boosted their target price on shares of UDR from $41.00 to $48.00 and gave the stock an “overweight” rating in a research report on Monday, August 26th. BNP Paribas assumed coverage on shares of UDR in a research report on Wednesday, September 11th. They issued an “outperform” rating and a $49.00 price target on the stock. Finally, Deutsche Bank Aktiengesellschaft boosted their price objective on UDR from $40.00 to $44.00 and gave the stock a “hold” rating in a report on Tuesday, September 10th. Two investment 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. According to MarketBeat, UDR presently has an average rating of “Hold” and an average price target of $45.18.

UDR Trading Up 0.9 %

NYSE UDR opened at $46.36 on Thursday. The business’s fifty day moving average is $44.46 and its 200-day moving average is $42.47. 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 has a market capitalization of $15.30 billion, a price-to-earnings ratio of 125.30, a PEG ratio of 12.64 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 business also recently disclosed a quarterly dividend, which was paid on Thursday, October 31st. Shareholders of record on Thursday, October 10th were given a $0.425 dividend. This represents a $1.70 annualized dividend and a yield of 3.67%. The ex-dividend date was Thursday, October 10th. UDR’s dividend payout ratio is 459.47%.

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.