Janus Henderson Group PLC Grows Stock Holdings in UDR, Inc. (NYSE:UDR)

Janus Henderson Group PLC boosted its stake in UDR, Inc. (NYSE:UDR) by 25.6% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,544,796 shares of the real estate investment trust’s stock after acquiring an additional 315,105 shares during the period. Janus Henderson Group PLC owned about 0.47% of UDR worth $70,048,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in shares of UDR by 862.3% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 3,086,964 shares of the real estate investment trust’s stock valued at $139,963,000 after buying an additional 2,766,172 shares during the last quarter. Mizuho Securities USA LLC raised its holdings in shares of UDR by 8,460.5% in the third quarter. Mizuho Securities USA LLC now owns 2,000,000 shares of the real estate investment trust’s stock valued at $90,680,000 after buying an additional 1,976,637 shares during the last quarter. Millennium Management LLC raised its holdings in shares of UDR by 115.3% in the second quarter. Millennium Management LLC now owns 3,499,150 shares of the real estate investment trust’s stock valued at $143,990,000 after buying an additional 1,874,096 shares during the last quarter. FMR LLC raised its holdings in shares of UDR by 14.8% in the third quarter. FMR LLC now owns 11,401,026 shares of the real estate investment trust’s stock valued at $516,923,000 after buying an additional 1,471,855 shares during the last quarter. Finally, APG Asset Management US Inc. purchased a new stake in shares of UDR in the second quarter valued at about $22,572,000. 97.84% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on UDR shares. The Goldman Sachs Group started coverage on shares of UDR in a report on Wednesday, September 4th. They issued a “sell” rating and a $42.00 target price for the company. UBS Group boosted their price target on shares of UDR from $48.00 to $52.00 and gave the stock a “buy” rating in a research note on Thursday, September 12th. Piper Sandler boosted their price target on shares of UDR from $40.00 to $46.00 and gave the stock a “neutral” rating in a research note on Monday, August 26th. Deutsche Bank Aktiengesellschaft boosted their price target on shares of UDR from $40.00 to $44.00 and gave the stock a “hold” rating in a research note on Tuesday, September 10th. Finally, JPMorgan Chase & Co. boosted their price target on shares of UDR from $43.00 to $50.00 and gave the stock an “overweight” rating in a research note on Monday, September 16th. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and eight have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $45.18.

UDR Price Performance

UDR stock opened at $44.74 on Friday. UDR, Inc. has a 52-week low of $34.19 and a 52-week high of $47.55. The firm has a fifty day moving average of $44.40 and a 200-day moving average of $42.70. The firm has a market capitalization of $14.76 billion, a P/E ratio of 120.92, a PEG ratio of 12.43 and a beta of 0.87. 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 Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, October 31st. Investors 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 3.80%. The ex-dividend date of this dividend was Thursday, October 10th. UDR’s payout ratio is 459.47%.

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.