XTX Topco Ltd Trims Stock Position in UDR, Inc. (NYSE:UDR)

XTX Topco Ltd lowered its stake in shares of UDR, Inc. (NYSE:UDR - Free Report) by 86.5% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 4,752 shares of the real estate investment trust's stock after selling 30,412 shares during the quarter. XTX Topco Ltd's holdings in UDR were worth $215,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in UDR. International Assets Investment Management LLC boosted its position in UDR by 4,436.2% during the third quarter. International Assets Investment Management LLC now owns 44,228 shares of the real estate investment trust's stock worth $2,005,000 after purchasing an additional 43,253 shares during the period. Los Angeles Capital Management LLC boosted its holdings in UDR by 1,665.3% in the 3rd quarter. Los Angeles Capital Management LLC now owns 369,448 shares of the real estate investment trust's stock worth $16,751,000 after buying an additional 348,520 shares during the period. MQS Management LLC purchased a new position in UDR in the 3rd quarter valued at approximately $712,000. Millennium Management LLC raised its holdings in UDR by 115.3% during the 2nd quarter. Millennium Management LLC now owns 3,499,150 shares of the real estate investment trust's stock valued at $143,990,000 after acquiring an additional 1,874,096 shares during the period. Finally, BSN CAPITAL PARTNERS Ltd purchased a new stake in shares of UDR during the third quarter worth $10,987,000. Hedge funds and other institutional investors own 97.84% of the company's stock.

UDR Trading Up 2.5 %

UDR stock traded up $1.04 during trading hours on Friday, reaching $43.46. The stock had a trading volume of 5,497,613 shares, compared to its average volume of 2,440,361. The stock has a market cap of $14.34 billion, a PE ratio of 117.46, a PEG ratio of 12.34 and a beta of 0.87. The company has a fifty day simple moving average of $44.34 and a 200-day simple moving average of $43.11. 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, Inc. has a 52 week low of $34.19 and a 52 week high of $47.55.

UDR Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, January 31st. Shareholders of record on Thursday, January 9th will be given a dividend of $0.425 per share. This represents a $1.70 dividend on an annualized basis and a yield of 3.91%. The ex-dividend date is Thursday, January 9th. UDR's payout ratio is 459.46%.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on UDR shares. UBS Group boosted their price objective on UDR from $48.00 to $52.00 and gave the stock a "buy" rating in a report on Thursday, September 12th. Piper Sandler raised their price objective on shares of UDR from $40.00 to $46.00 and gave the company a "neutral" rating in a research report on Monday, August 26th. BNP Paribas started coverage on shares of UDR in a research report on Wednesday, September 11th. They issued an "outperform" rating and a $49.00 target price for the company. The Goldman Sachs Group assumed coverage on UDR in a research report on Wednesday, September 4th. They set a "sell" rating and a $42.00 price target on the stock. Finally, StockNews.com upgraded UDR from a "sell" rating to a "hold" rating in a report on Thursday, December 12th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and eight have issued a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Hold" and an average price target of $46.00.

About UDR

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.