Thrivent Financial for Lutherans Has $536,000 Stock Position in UDR, Inc. (NYSE:UDR)

Thrivent Financial for Lutherans trimmed its holdings in UDR, Inc. (NYSE:UDR - Free Report) by 96.6% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 12,349 shares of the real estate investment trust's stock after selling 345,632 shares during the quarter. Thrivent Financial for Lutherans' holdings in UDR were worth $536,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also modified their holdings of the company. Continuum Advisory LLC raised its stake in UDR by 5,335.3% during the 3rd quarter. Continuum Advisory LLC now owns 924 shares of the real estate investment trust's stock valued at $41,000 after purchasing an additional 907 shares during the last quarter. Smartleaf Asset Management LLC raised its position in shares of UDR by 68.7% during the fourth quarter. Smartleaf Asset Management LLC now owns 1,206 shares of the real estate investment trust's stock valued at $52,000 after buying an additional 491 shares during the last quarter. Salem Investment Counselors Inc. raised its position in shares of UDR by 62.7% during the fourth quarter. Salem Investment Counselors Inc. now owns 1,349 shares of the real estate investment trust's stock valued at $59,000 after buying an additional 520 shares during the last quarter. Catalyst Capital Advisors LLC bought a new stake in shares of UDR in the fourth quarter valued at about $63,000. Finally, Eastern Bank acquired a new stake in UDR during the fourth quarter worth about $68,000. Institutional investors and hedge funds own 97.84% of the company's stock.

Analysts Set New Price Targets

Several equities analysts have commented on the company. Mizuho cut their price target on UDR from $47.00 to $45.00 and set a "neutral" rating for the company in a report on Monday, January 6th. Evercore ISI upped their target price on UDR from $43.00 to $45.00 and gave the company an "in-line" rating in a research note on Monday, February 10th. Scotiabank lifted their price target on shares of UDR from $48.00 to $49.00 and gave the stock a "sector perform" rating in a research note on Friday, February 14th. StockNews.com raised shares of UDR from a "sell" rating to a "hold" rating in a report on Thursday, February 6th. Finally, Wells Fargo & Company reduced their price objective on shares of UDR from $48.00 to $45.00 and set an "overweight" rating for the company in a report on Friday, January 24th. One equities research analyst has rated the stock with a sell rating, eleven have issued a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Hold" and a consensus target price of $46.12.

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Insider Transactions at UDR

In related news, CEO Thomas W. Toomey sold 25,000 shares of the business's stock in a transaction that occurred on Thursday, February 20th. The shares were sold at an average price of $42.75, for a total value of $1,068,750.00. Following the completion of the transaction, the chief executive officer now owns 824,716 shares in the company, valued at $35,256,609. The trade was a 2.94 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 3.73% of the stock is owned by company insiders.

UDR Price Performance

Shares of NYSE:UDR traded down $1.16 during trading on Tuesday, reaching $38.03. The stock had a trading volume of 3,417,020 shares, compared to its average volume of 2,200,396. The stock has a market capitalization of $12.59 billion, a PE ratio of 152.10, a P/E/G ratio of 8.67 and a beta of 0.78. UDR, Inc. has a 52 week low of $35.14 and a 52 week high of $47.55. The business's 50-day moving average price is $43.21 and its 200 day moving average price is $43.51. The company has a debt-to-equity ratio of 1.71, a current ratio of 5.61 and a quick ratio of 5.91.

UDR (NYSE:UDR - Get Free Report) last issued its quarterly earnings data on Wednesday, February 5th. The real estate investment trust reported $0.63 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.10 by $0.53. UDR had a return on equity of 2.65% and a net margin of 5.36%. As a group, equities analysts predict that UDR, Inc. will post 2.51 earnings per share for the current year.

UDR Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 30th. Shareholders of record on Thursday, April 10th will be paid a $0.43 dividend. The ex-dividend date of this dividend is Thursday, April 10th. This is an increase from UDR's previous quarterly dividend of $0.43. This represents a $1.72 dividend on an annualized basis and a dividend yield of 4.52%. UDR's payout ratio is currently 688.00%.

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.