UDR, Inc. (NYSE:UDR) Shares Sold by SG Americas Securities LLC

SG Americas Securities LLC decreased its stake in shares of UDR, Inc. (NYSE:UDR - Free Report) by 62.7% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 45,899 shares of the real estate investment trust's stock after selling 77,192 shares during the period. SG Americas Securities LLC's holdings in UDR were worth $2,081,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Fidelis Capital Partners LLC purchased a new position in shares of UDR in the 1st quarter worth $26,000. Family Firm Inc. purchased a new position in UDR in the second quarter valued at approximately $26,000. UMB Bank n.a. acquired a new position in UDR during the second quarter valued at approximately $33,000. Rothschild Investment LLC purchased a new stake in UDR during the second quarter worth approximately $35,000. Finally, Quest Partners LLC acquired a new stake in shares of UDR in the second quarter worth $37,000. Hedge funds and other institutional investors own 97.84% of the company's stock.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on UDR. BMO Capital Markets upgraded UDR from a "market perform" rating to an "outperform" rating and increased their price target for the company from $39.00 to $45.00 in a report on Monday, July 15th. BNP Paribas assumed coverage on UDR in a report on Wednesday, September 11th. They set an "outperform" rating and a $49.00 target price on the stock. UBS Group boosted their price target on UDR from $48.00 to $52.00 and gave the stock a "buy" rating in a research report on Thursday, September 12th. Wells Fargo & Company increased their price objective on shares of UDR from $41.00 to $48.00 and gave the company an "overweight" rating in a research report on Monday, August 26th. Finally, Royal Bank of Canada reduced their target price on shares of UDR from $41.00 to $40.00 and set a "sector perform" rating on the stock in a research report on Thursday, August 1st. One analyst has rated the stock with a sell rating, nine have given a hold rating and eight have given a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Hold" and an average price target of $44.28.

UDR Stock Performance

Shares of UDR opened at $44.21 on Tuesday. The stock has a market capitalization of $14.56 billion, a PE ratio of 32.04, a price-to-earnings-growth ratio of 9.89 and a beta of 0.85. The business's fifty day moving average price is $43.71 and its 200 day moving average price is $40.67. The company has a debt-to-equity ratio of 1.57, a current ratio of 5.82 and a quick ratio of 5.82. UDR, Inc. has a 12-month low of $30.95 and a 12-month high of $47.55.

UDR (NYSE:UDR - Get Free Report) last issued its earnings results on Tuesday, July 30th. The real estate investment trust reported $0.08 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.61 by ($0.53). The business had revenue of $415.30 million during the quarter, compared to the consensus estimate of $413.75 million. UDR had a return on equity of 3.70% and a net margin of 8.34%. The business's revenue was up 2.7% on a year-over-year basis. During the same period in the prior year, the business earned $0.61 EPS. Equities research analysts forecast that UDR, Inc. will post 2.47 EPS for the current year.

UDR Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, October 31st. Stockholders of record on Thursday, October 10th will be issued a dividend of $0.425 per share. This represents a $1.70 annualized dividend and a dividend yield of 3.85%. The ex-dividend date of this dividend is Thursday, October 10th. UDR's dividend payout ratio (DPR) is 123.19%.

UDR Company 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.