Contravisory Investment Management Inc. Has $8.07 Million Holdings in UDR, Inc. (NYSE:UDR)

Contravisory Investment Management Inc. increased its holdings in UDR, Inc. (NYSE:UDR) by 0.5% during the 4th quarter, HoldingsChannel.com reports. The firm owned 185,806 shares of the real estate investment trust’s stock after purchasing an additional 930 shares during the period. Contravisory Investment Management Inc.’s holdings in UDR were worth $8,066,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of the stock. Activest Wealth Management bought a new stake in UDR in the third quarter valued at approximately $27,000. Brooklyn Investment Group bought a new stake in shares of UDR in the 3rd quarter valued at $33,000. Quest Partners LLC acquired a new stake in shares of UDR during the second quarter worth $37,000. Continuum Advisory LLC raised its stake in UDR by 5,335.3% during the third quarter. Continuum Advisory LLC now owns 924 shares of the real estate investment trust’s stock worth $41,000 after buying an additional 907 shares during the last quarter. Finally, Mather Group LLC. lifted its holdings in UDR by 58.2% in the third quarter. Mather Group LLC. now owns 998 shares of the real estate investment trust’s stock valued at $45,000 after buying an additional 367 shares during the period. 97.84% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of research analysts recently issued reports on UDR shares. Barclays initiated coverage on shares of UDR in a research report on Tuesday, December 17th. They set an “overweight” rating and a $50.00 target price 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 on the stock in a research report on Tuesday, November 5th. Mizuho decreased their price target on shares of UDR from $47.00 to $45.00 and set a “neutral” rating for the company in a research note on Monday, January 6th. Scotiabank dropped their price objective on UDR from $49.00 to $48.00 and set a “sector perform” rating on the stock in a research note on Thursday, November 14th. Finally, StockNews.com downgraded UDR from a “hold” rating to a “sell” rating in a research report on Thursday, January 2nd. Two equities research 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 data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $46.35.

UDR Price Performance

Shares of NYSE:UDR opened at $41.05 on Thursday. UDR, Inc. has a one year low of $34.19 and a one year high of $47.55. 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 firm has a market capitalization of $13.54 billion, a price-to-earnings ratio of 110.95, a PEG ratio of 10.92 and a beta of 0.89. The company’s fifty day moving average price is $43.88 and its 200-day moving average price is $43.41.

UDR Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 31st. Investors of record on Thursday, January 9th will be issued a dividend of $0.425 per share. The ex-dividend date of this dividend is Friday, January 10th. This represents a $1.70 dividend on an annualized basis and a dividend yield of 4.14%. UDR’s dividend payout ratio is 459.47%.

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.