Mackenzie Financial Corp lifted its holdings in shares of UDR, Inc. (NYSE:UDR – Get Rating) by 8.7% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 25,877 shares of the real estate investment trust’s stock after buying an additional 2,073 shares during the period. Mackenzie Financial Corp’s holdings in UDR were worth $1,191,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also recently bought and sold shares of the company. Clear Street Markets LLC lifted its stake in UDR by 412.3% in the second quarter. Clear Street Markets LLC now owns 625 shares of the real estate investment trust’s stock valued at $29,000 after buying an additional 503 shares during the last quarter. Prospera Financial Services Inc bought a new position in UDR in the 1st quarter worth about $66,000. Meeder Asset Management Inc. acquired a new stake in shares of UDR in the first quarter valued at approximately $78,000. BI Asset Management Fondsmaeglerselskab A S bought a new stake in shares of UDR during the first quarter valued at approximately $139,000. Finally, Desjardins Global Asset Management Inc. boosted its position in shares of UDR by 183.2% during the second quarter. Desjardins Global Asset Management Inc. now owns 2,620 shares of the real estate investment trust’s stock worth $120,000 after buying an additional 1,695 shares during the period. Institutional investors and hedge funds own 95.28% of the company’s stock.
UDR Stock Performance
UDR opened at $40.12 on Thursday. The company has a quick ratio of 3.72, a current ratio of 3.72 and a debt-to-equity ratio of 1.44. The firm has a market cap of $13.06 billion, a PE ratio of 81.88, a P/E/G ratio of 2.26 and a beta of 0.72. The business has a fifty day simple moving average of $40.11 and a 200-day simple moving average of $44.29. UDR, Inc. has a fifty-two week low of $37.18 and a fifty-two week high of $61.06.
UDR Dividend Announcement
Wall Street Analysts Forecast Growth
UDR has been the topic of several analyst reports. Morgan Stanley lowered their target price on UDR from $54.00 to $49.00 and set an “equal weight” rating on the stock in a research report on Friday, October 21st. UBS Group restated a “buy” rating and set a $52.00 price objective on shares of UDR in a research note on Wednesday, August 3rd. Royal Bank of Canada decreased their target price on shares of UDR from $46.00 to $43.00 and set a “sector perform” rating for the company in a research report on Friday, October 28th. BMO Capital Markets lowered shares of UDR from an “outperform” rating to a “market perform” rating and set a $54.00 price target for the company. in a research note on Friday, August 19th. Finally, Piper Sandler decreased their price objective on shares of UDR from $48.00 to $44.00 and set a “neutral” rating for the company in a report on Friday, October 7th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and eight have given a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $50.25.
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.
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