iA Global Asset Management Inc. cut its holdings in UDR, Inc. (NYSE:UDR - Free Report) by 62.5% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 14,589 shares of the real estate investment trust's stock after selling 24,283 shares during the period. iA Global Asset Management Inc.'s holdings in UDR were worth $661,000 as of its most recent filing with the Securities and Exchange Commission.
Several other institutional investors and hedge funds also recently made changes to their positions in UDR. CWM LLC raised its stake in UDR by 10.0% during the 3rd quarter. CWM LLC now owns 3,802 shares of the real estate investment trust's stock worth $172,000 after buying an additional 347 shares during the period. Empowered Funds LLC raised its stake in shares of UDR by 7.1% in the third quarter. Empowered Funds LLC now owns 5,246 shares of the real estate investment trust's stock worth $238,000 after purchasing an additional 350 shares during the last quarter. Mather Group LLC. raised its stake in shares of UDR by 58.2% in the third quarter. Mather Group LLC. now owns 998 shares of the real estate investment trust's stock worth $45,000 after purchasing an additional 367 shares during the last quarter. Truist Financial Corp lifted its holdings in shares of UDR by 0.6% in the second quarter. Truist Financial Corp now owns 66,673 shares of the real estate investment trust's stock valued at $2,744,000 after purchasing an additional 414 shares in the last quarter. Finally, TCV Trust & Wealth Management Inc. boosted its position in shares of UDR by 8.2% during the third quarter. TCV Trust & Wealth Management Inc. now owns 5,589 shares of the real estate investment trust's stock valued at $253,000 after buying an additional 424 shares during the last quarter. Institutional investors own 97.84% of the company's stock.
UDR Trading Down 0.8 %
UDR traded down $0.37 during midday trading on Tuesday, reaching $44.52. 1,274,014 shares of the company's stock traded hands, compared to its average volume of 2,445,392. UDR, Inc. has a 52 week low of $34.19 and a 52 week 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 fifty day moving average of $44.39 and a two-hundred day moving average of $42.82. The stock has a market capitalization of $14.69 billion, a price-to-earnings ratio of 120.32, a P/E/G ratio of 12.44 and a beta of 0.87.
UDR Announces Dividend
The business also recently announced a quarterly dividend, which was paid on Thursday, October 31st. Stockholders of record on Thursday, October 10th were given a $0.425 dividend. The ex-dividend date of this dividend was Thursday, October 10th. This represents a $1.70 annualized dividend and a dividend yield of 3.82%. UDR's dividend payout ratio is 459.46%.
Analyst Ratings Changes
UDR has been the topic of several recent analyst reports. Wells Fargo & Company raised their price objective on UDR from $41.00 to $48.00 and gave the company an "overweight" rating in a research note on Monday, August 26th. Royal Bank of Canada decreased 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 note on Tuesday, November 5th. Scotiabank cut their target price 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. StockNews.com lowered UDR from a "hold" rating to a "sell" rating in a report on Tuesday, November 19th. Finally, Truist Financial boosted their price objective on UDR from $44.00 to $47.00 and gave the stock a "buy" rating in a research report on Monday, August 26th. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating and eight have given a buy rating to the company's stock. According to data from MarketBeat.com, UDR presently has a consensus rating of "Hold" and an average price target of $45.18.
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UDR Profile
(
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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