Versor Investments LP Has $404,000 Stock Position in UDR, Inc. (NYSE:UDR)

Versor Investments LP cut its position in UDR, Inc. (NYSE:UDR - Free Report) by 56.8% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 8,900 shares of the real estate investment trust's stock after selling 11,700 shares during the quarter. Versor Investments LP's holdings in UDR were worth $404,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also made changes to their positions in 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 buying an additional 347 shares during the period. Mather Group LLC. raised 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 valued at $45,000 after acquiring an additional 367 shares in the last quarter. Truist Financial Corp raised its position 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 during the period. TCV Trust & Wealth Management Inc. increased 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 acquiring an additional 424 shares during the period. Finally, Covestor Ltd increased its position in UDR by 18.3% during the first quarter. Covestor Ltd now owns 3,336 shares of the real estate investment trust's stock worth $125,000 after acquiring an additional 515 shares during the period. 97.84% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities research analysts have recently commented on UDR shares. Piper Sandler boosted their target price on shares of UDR from $40.00 to $46.00 and gave the company a "neutral" rating in a research note on Monday, August 26th. The Goldman Sachs Group assumed coverage on shares of UDR in a research note on Wednesday, September 4th. They issued a "sell" rating and a $42.00 target price for the company. BNP Paribas began coverage on UDR in a report on Wednesday, September 11th. They set an "outperform" rating and a $49.00 target price for the company. Evercore ISI lifted their target price on UDR from $42.00 to $43.00 and gave the company an "in-line" rating in a research report on Monday, September 9th. Finally, Wells Fargo & Company upped their target price on UDR from $41.00 to $48.00 and gave the company an "overweight" rating in a report on Monday, August 26th. 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's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average price target of $45.18.

UDR Trading Down 0.5 %

UDR stock traded down $0.24 during midday trading on Friday, hitting $44.31. The stock had a trading volume of 3,211,598 shares, compared to its average volume of 2,512,082. UDR, Inc. has a 12-month low of $32.37 and a 12-month high of $47.55. The company's 50-day moving average price is $44.62 and its 200 day moving average price is $42.03. The firm has a market cap of $14.62 billion, a PE ratio of 119.87, a price-to-earnings-growth ratio of 12.55 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.

UDR Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, October 31st. Stockholders of record on Thursday, October 10th were paid a $0.425 dividend. The ex-dividend date was Thursday, October 10th. This represents a $1.70 dividend on an annualized basis and a dividend yield of 3.84%. UDR's dividend payout ratio (DPR) is presently 459.47%.

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.