UDR, Inc. (NYSE:UDR) Shares Sold by Thrivent Financial for Lutherans

Thrivent Financial for Lutherans reduced its position in UDR, Inc. (NYSE:UDR - Free Report) by 5.5% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 357,981 shares of the real estate investment trust's stock after selling 20,646 shares during the quarter. Thrivent Financial for Lutherans owned about 0.11% of UDR worth $16,231,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of the company. CWM LLC increased 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 valued at $172,000 after purchasing an additional 347 shares in the last quarter. Empowered Funds LLC increased its holdings in UDR by 7.1% during the third quarter. Empowered Funds LLC now owns 5,246 shares of the real estate investment trust's stock worth $238,000 after buying an additional 350 shares during the last quarter. Mather Group LLC. boosted its position in UDR by 58.2% during 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 period. Truist Financial Corp boosted its position in UDR by 0.6% during the second quarter. Truist Financial Corp now owns 66,673 shares of the real estate investment trust's stock worth $2,744,000 after purchasing an additional 414 shares during the period. Finally, TCV Trust & Wealth Management Inc. boosted its position in 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 worth $253,000 after purchasing an additional 424 shares during the period. 97.84% of the stock is owned by institutional investors.

UDR Stock Up 1.1 %

Shares of UDR traded up $0.47 during mid-day trading on Thursday, reaching $44.81. The company's stock had a trading volume of 1,083,155 shares, compared to its average volume of 2,489,290. UDR, Inc. has a 12-month low of $32.85 and a 12-month high of $47.55. The stock has a market cap of $14.79 billion, a PE ratio of 121.54, a price-to-earnings-growth ratio of 12.35 and a beta of 0.85. 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 company's 50 day moving average is $44.57 and its 200 day moving average is $42.24.

UDR Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, October 31st. Shareholders of record on Thursday, October 10th were given a dividend of $0.425 per share. This represents a $1.70 dividend on an annualized basis and a yield of 3.79%. The ex-dividend date of this dividend was Thursday, October 10th. UDR's dividend payout ratio (DPR) is presently 459.47%.

Analysts Set New Price Targets

A number of equities analysts have recently commented on UDR shares. StockNews.com lowered shares of UDR from a "hold" rating to a "sell" rating in a research report on Tuesday. Truist Financial lifted their target price on shares of UDR from $44.00 to $47.00 and gave the stock a "buy" rating in a research note on Monday, August 26th. Deutsche Bank Aktiengesellschaft boosted their price objective on shares of UDR from $40.00 to $44.00 and gave the company a "hold" rating in a research report on Tuesday, September 10th. Wedbush boosted their price objective on shares of UDR from $45.00 to $49.00 and gave the company an "outperform" rating in a research report on Monday, August 5th. Finally, Evercore ISI boosted their target price on shares of UDR from $42.00 to $43.00 and gave the company an "in-line" rating in a report on Monday, September 9th. Two investment 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. According to MarketBeat.com, the company has an average rating of "Hold" and a consensus target price of $45.18.

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.