Charles Schwab Investment Management Inc. Grows Stock Holdings in UDR, Inc. (NYSE:UDR)

Charles Schwab Investment Management Inc. lifted its position in UDR, Inc. (NYSE:UDR) by 2.8% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 4,272,032 shares of the real estate investment trust’s stock after buying an additional 117,213 shares during the quarter. Charles Schwab Investment Management Inc.’s holdings in UDR were worth $193,694,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. Family Firm Inc. acquired a new position in UDR in the 2nd quarter valued at about $26,000. UMB Bank n.a. purchased a new position in shares of UDR in the second quarter valued at approximately $33,000. Rothschild Investment LLC acquired a new position in shares of UDR in the second quarter valued at approximately $35,000. Quest Partners LLC acquired a new stake in UDR during the 2nd quarter worth approximately $37,000. Finally, International Assets Investment Management LLC purchased a new position in UDR in the 2nd quarter valued at approximately $40,000. Institutional investors and hedge funds own 97.84% of the company’s stock.

UDR Trading Up 0.6 %

UDR opened at $45.09 on Friday. 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 52 week low of $32.85 and a 52 week high of $47.55. The business’s 50 day moving average is $44.50 and its two-hundred day moving average is $42.30. The firm has a market cap of $14.88 billion, a price-to-earnings ratio of 121.87, a price-to-earnings-growth ratio of 12.43 and a beta of 0.85.

UDR Dividend Announcement

The firm also recently declared 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 3.77%. UDR’s dividend payout ratio (DPR) is 459.47%.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on UDR. Evercore ISI upped their price objective on UDR from $42.00 to $43.00 and gave the stock an “in-line” rating in a research report on Monday, September 9th. JPMorgan Chase & Co. increased their price target on UDR from $43.00 to $50.00 and gave the company an “overweight” rating in a research report on Monday, September 16th. Wedbush boosted their price objective on UDR from $45.00 to $49.00 and gave the stock an “outperform” rating in a research report on Monday, August 5th. UBS Group raised their target price on shares of UDR from $48.00 to $52.00 and gave the company a “buy” rating in a report on Thursday, September 12th. Finally, Royal Bank of Canada lowered their price target on shares of UDR from $46.00 to $45.00 and set a “sector perform” rating for the company in a report on Tuesday, November 5th. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating and eight have given a buy rating to the stock. According to MarketBeat.com, UDR has an average rating of “Hold” and a consensus target price of $45.18.

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.