UDR, Inc. (NYSE:UDR) Short Interest Update

UDR, Inc. (NYSE:UDR - Get Free Report) was the target of a significant decline in short interest during the month of March. As of March 31st, there was short interest totalling 5,590,000 shares, a decline of 20.0% from the March 15th total of 6,990,000 shares. Based on an average daily trading volume, of 2,180,000 shares, the days-to-cover ratio is presently 2.6 days. Currently, 1.8% of the shares of the stock are sold short.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on the stock. Scotiabank raised their price target on shares of UDR from $48.00 to $49.00 and gave the company a "sector perform" rating in a report on Friday, February 14th. StockNews.com raised UDR from a "sell" rating to a "hold" rating in a research note on Thursday, February 6th. Wells Fargo & Company cut their price target on UDR from $48.00 to $45.00 and set an "overweight" rating on the stock in a research note on Friday, January 24th. Truist Financial lowered UDR from a "buy" rating to a "hold" rating and lifted their price objective for the stock from $45.00 to $46.00 in a research report on Monday, March 10th. Finally, Mizuho reduced their target price on shares of UDR from $47.00 to $45.00 and set a "neutral" rating on the stock in a research note on Monday, January 6th. One investment analyst has rated the stock with a sell rating, eleven have issued a hold rating and seven have given a buy rating to the stock. According to MarketBeat, the stock has an average rating of "Hold" and an average target price of $46.12.

Insider Activity at UDR

In other UDR news, CEO Thomas W. Toomey sold 25,000 shares of the firm's stock in a transaction dated 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 sale, the chief executive officer now owns 824,716 shares in the company, valued at approximately $35,256,609. This trade represents a 2.94 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 3.39% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On UDR

A number of large investors have recently bought and sold shares of UDR. Townsquare Capital LLC grew its position in UDR by 4.8% in the fourth quarter. Townsquare Capital LLC now owns 5,173 shares of the real estate investment trust's stock valued at $225,000 after purchasing an additional 237 shares in the last quarter. Exchange Traded Concepts LLC raised its holdings in UDR by 8.8% during the fourth quarter. Exchange Traded Concepts LLC now owns 3,330 shares of the real estate investment trust's stock worth $145,000 after acquiring an additional 269 shares in the last quarter. Continuum Advisory LLC boosted its position in UDR by 38.0% during the fourth quarter. Continuum Advisory LLC now owns 1,275 shares of the real estate investment trust's stock valued at $55,000 after purchasing an additional 351 shares during the last quarter. Integrity Wealth Solutions LLC grew its stake in UDR by 5.6% in the first quarter. Integrity Wealth Solutions LLC now owns 6,766 shares of the real estate investment trust's stock valued at $306,000 after purchasing an additional 357 shares in the last quarter. Finally, UMB Bank n.a. increased its position in shares of UDR by 47.8% during the 1st quarter. UMB Bank n.a. now owns 1,342 shares of the real estate investment trust's stock worth $61,000 after purchasing an additional 434 shares during the last quarter. Institutional investors and hedge funds own 97.84% of the company's stock.

UDR Trading Down 0.4 %

Shares of UDR stock traded down $0.17 during trading hours on Thursday, hitting $41.64. The company's stock had a trading volume of 124,476 shares, compared to its average volume of 2,172,194. The company has a market capitalization of $13.79 billion, a PE ratio of 166.38, a price-to-earnings-growth ratio of 8.67 and a beta of 0.78. The company has a debt-to-equity ratio of 1.71, a current ratio of 5.61 and a quick ratio of 5.91. The stock has a 50 day moving average of $42.84 and a 200 day moving average of $43.17. UDR has a 12 month low of $36.61 and a 12 month high of $47.55.

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

UDR Increases Dividend

The company 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. This is a boost from UDR's previous quarterly dividend of $0.43. The ex-dividend date of this dividend is Thursday, April 10th. This represents a $1.72 annualized dividend and a yield of 4.13%. UDR's payout ratio is presently 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.