Tokio Marine Asset Management Co. Ltd. Has $491,000 Holdings in UDR, Inc. (NYSE:UDR)

Tokio Marine Asset Management Co. Ltd. decreased its position in shares of UDR, Inc. (NYSE:UDR) by 4.0% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 10,823 shares of the real estate investment trust’s stock after selling 455 shares during the quarter. Tokio Marine Asset Management Co. Ltd.’s holdings in UDR were worth $491,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Vanguard Group Inc. lifted its holdings in shares of UDR by 0.5% during the 1st quarter. Vanguard Group Inc. now owns 51,063,214 shares of the real estate investment trust’s stock worth $1,910,275,000 after acquiring an additional 233,475 shares during the period. Simplicity Wealth LLC bought a new stake in UDR during the second quarter worth $2,135,000. Bessemer Group Inc. lifted its stake in UDR by 2,250.3% during the first quarter. Bessemer Group Inc. now owns 37,416 shares of the real estate investment trust’s stock worth $1,399,000 after purchasing an additional 35,824 shares during the last quarter. Lasalle Investment Management Securities LLC boosted its holdings in shares of UDR by 64.6% in the 1st quarter. Lasalle Investment Management Securities LLC now owns 1,447,425 shares of the real estate investment trust’s stock valued at $54,148,000 after purchasing an additional 567,878 shares in the last quarter. Finally, Tidal Investments LLC increased its stake in shares of UDR by 149.7% in the 1st quarter. Tidal Investments LLC now owns 27,921 shares of the real estate investment trust’s stock valued at $1,045,000 after purchasing an additional 16,737 shares during the last quarter. 97.84% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research firms recently weighed in on UDR. StockNews.com lowered UDR from a “hold” rating to a “sell” rating in a research note on Wednesday, November 6th. The Goldman Sachs Group began coverage on shares of UDR in a research note on Wednesday, September 4th. They issued a “sell” rating and a $42.00 price target on the stock. Royal Bank of Canada lowered their price objective on shares of UDR from $46.00 to $45.00 and set a “sector perform” rating for the company in a research report on Tuesday, November 5th. BNP Paribas started coverage on shares of UDR in a research report on Wednesday, September 11th. They issued an “outperform” rating and a $49.00 target price on the stock. Finally, Wells Fargo & Company upped their price target on shares of UDR from $41.00 to $48.00 and gave the stock an “overweight” rating in a report on Monday, August 26th. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $45.18.

UDR Stock Performance

NYSE:UDR opened at $44.31 on Friday. The company has a debt-to-equity ratio of 1.69, a quick ratio of 5.91 and a current ratio of 5.91. UDR, Inc. has a fifty-two week low of $32.37 and a fifty-two week high of $47.55. The company has a 50 day simple moving average of $44.63 and a two-hundred day simple moving average of $42.07. The company has a market capitalization of $14.62 billion, a PE ratio of 119.76, a P/E/G ratio of 12.55 and a beta of 0.85.

UDR Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, October 31st. Stockholders of record on Thursday, October 10th were given a dividend of $0.425 per share. This represents a $1.70 annualized dividend and a dividend yield of 3.84%. The ex-dividend date was Thursday, October 10th. UDR’s dividend payout ratio (DPR) is presently 459.46%.

UDR 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.