Centiva Capital LP trimmed its holdings in shares of UDR, Inc. (NYSE:UDR - Free Report) by 91.1% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 6,850 shares of the real estate investment trust's stock after selling 70,048 shares during the quarter. Centiva Capital LP's holdings in UDR were worth $311,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also recently added to or reduced their stakes in UDR. Czech National Bank grew its stake in UDR by 8.4% during the second quarter. Czech National Bank now owns 57,732 shares of the real estate investment trust's stock worth $2,376,000 after purchasing an additional 4,487 shares during the period. Wealth Enhancement Advisory Services LLC increased its stake in shares of UDR by 25.9% in the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 7,847 shares of the real estate investment trust's stock valued at $323,000 after acquiring an additional 1,612 shares in the last quarter. V Square Quantitative Management LLC increased its stake in shares of UDR by 12.4% in the 2nd quarter. V Square Quantitative Management LLC now owns 5,658 shares of the real estate investment trust's stock valued at $233,000 after acquiring an additional 626 shares in the last quarter. Envestnet Portfolio Solutions Inc. lifted its position in shares of UDR by 17.1% during the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 7,204 shares of the real estate investment trust's stock valued at $296,000 after acquiring an additional 1,050 shares during the period. Finally, Blue Trust Inc. boosted its stake in UDR by 1,018.3% during the second quarter. Blue Trust Inc. now owns 1,040 shares of the real estate investment trust's stock worth $39,000 after acquiring an additional 947 shares in the last quarter. 97.84% of the stock is currently owned by institutional investors and hedge funds.
UDR Stock Performance
Shares of UDR traded down $0.18 on Wednesday, reaching $44.32. 1,565,230 shares of the company's stock traded hands, compared to its average volume of 2,441,709. UDR, Inc. has a 52-week low of $34.19 and a 52-week high of $47.55. The stock has a market cap of $14.62 billion, a PE ratio of 119.78, a PEG ratio of 12.44 and a beta of 0.87. The stock's 50 day simple moving average is $44.37 and its two-hundred day simple moving average is $42.87. The company has a current ratio of 5.91, a quick ratio of 5.91 and a debt-to-equity ratio of 1.69.
UDR Dividend Announcement
The business also recently declared a quarterly dividend, which was paid on Thursday, October 31st. Investors of record on Thursday, October 10th were issued a $0.425 dividend. The ex-dividend date of this dividend was Thursday, October 10th. This represents a $1.70 dividend on an annualized basis and a dividend yield of 3.84%. UDR's dividend payout ratio (DPR) is presently 459.46%.
Analysts Set New Price Targets
UDR has been the topic of several research reports. JPMorgan Chase & Co. upped their price objective on shares of UDR from $43.00 to $50.00 and gave the company an "overweight" rating in a report on Monday, September 16th. Wells Fargo & Company upped their price target on UDR from $41.00 to $48.00 and gave the stock an "overweight" rating in a research note on Monday, August 26th. Royal Bank of Canada cut their price target on UDR from $46.00 to $45.00 and set a "sector perform" rating on the stock in a report on Tuesday, November 5th. Scotiabank decreased their price objective on UDR from $49.00 to $48.00 and set a "sector perform" rating for the company in a report on Thursday, November 14th. Finally, Piper Sandler increased their target price on UDR from $40.00 to $46.00 and gave the stock a "neutral" rating in a report on Monday, August 26th. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and eight have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, UDR has an average rating of "Hold" and an average target price of $45.18.
Read Our Latest Report on UDR
About UDR
(
Free Report)
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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