Van ECK Associates Corp Has $4.01 Million Stock Holdings in UDR, Inc. (NYSE:UDR)

Van ECK Associates Corp boosted its position in shares of UDR, Inc. (NYSE:UDRFree Report) by 0.9% in the third quarter, Holdings Channel.com reports. The firm owned 112,509 shares of the real estate investment trust’s stock after acquiring an additional 1,024 shares during the period. Van ECK Associates Corp’s holdings in UDR were worth $4,013,000 as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in UDR. Charles Schwab Investment Management Inc. increased its position in shares of UDR by 1.0% in the third quarter. Charles Schwab Investment Management Inc. now owns 4,046,249 shares of the real estate investment trust’s stock valued at $144,330,000 after acquiring an additional 41,465 shares during the last quarter. Clearstead Advisors LLC acquired a new stake in shares of UDR in the third quarter valued at about $85,000. Metis Global Partners LLC increased its position in shares of UDR by 7.5% in the third quarter. Metis Global Partners LLC now owns 28,896 shares of the real estate investment trust’s stock valued at $1,031,000 after acquiring an additional 2,019 shares during the last quarter. Barclays PLC increased its position in shares of UDR by 30.3% in the third quarter. Barclays PLC now owns 673,298 shares of the real estate investment trust’s stock valued at $24,015,000 after acquiring an additional 156,682 shares during the last quarter. Finally, Fox Run Management L.L.C. acquired a new stake in shares of UDR in the third quarter valued at about $620,000. Institutional investors own 91.68% of the company’s stock.

Insider Activity at UDR

In related news, CEO Thomas W. Toomey sold 45,000 shares of the business’s stock in a transaction that occurred on Tuesday, December 26th. The stock was sold at an average price of $37.90, for a total value of $1,705,500.00. Following the completion of the sale, the chief executive officer now directly owns 939,716 shares in the company, valued at $35,615,236.40. The sale was disclosed in a filing with the SEC, which is available at this link. 3.41% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

UDR has been the topic of a number of recent research reports. TheStreet downgraded UDR from a “b-” rating to a “c” rating in a research report on Thursday, October 26th. Piper Sandler cut UDR from a “neutral” rating to an “underweight” rating and reduced their price target for the stock from $46.00 to $30.00 in a report on Tuesday, October 31st. Royal Bank of Canada reduced their price target on UDR from $39.00 to $37.00 and set a “sector perform” rating for the company in a report on Monday, October 30th. Bank of America cut UDR from a “buy” rating to a “neutral” rating and reduced their price target for the stock from $42.00 to $33.00 in a report on Tuesday, October 31st. Finally, Deutsche Bank Aktiengesellschaft started coverage on UDR in a report on Tuesday, January 30th. They set a “hold” rating and a $40.00 price target for the company. One analyst has rated the stock with a sell rating, eight have issued a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $42.69.

View Our Latest Stock Report on UDR

UDR Trading Up 0.6 %

Shares of UDR stock opened at $35.57 on Tuesday. The company has a current ratio of 1.12, a quick ratio of 5.43 and a debt-to-equity ratio of 1.47. The stock has a market cap of $11.70 billion, a P/E ratio of 26.54, a price-to-earnings-growth ratio of 2.37 and a beta of 0.81. The stock has a 50 day simple moving average of $37.06 and a 200 day simple moving average of $36.57. UDR, Inc. has a 1 year low of $30.95 and a 1 year high of $45.46.

UDR Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, January 31st. Investors of record on Wednesday, January 10th were paid a $0.42 dividend. This represents a $1.68 annualized dividend and a dividend yield of 4.72%. The ex-dividend date was Tuesday, January 9th. UDR’s dividend payout ratio (DPR) is currently 125.37%.

UDR Profile

(Free Report)

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.

Further Reading

Want to see what other hedge funds are holding UDR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for UDR, Inc. (NYSE:UDRFree Report).

Institutional Ownership by Quarter for UDR (NYSE:UDR)

Receive News & Ratings for UDR Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for UDR and related companies with MarketBeat.com's FREE daily email newsletter.