Janney Montgomery Scott LLC Has $726,000 Holdings in UDR, Inc. (NYSE:UDR)

Janney Montgomery Scott LLC lowered its stake in UDR, Inc. (NYSE:UDRGet Rating) by 4.8% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 15,691 shares of the real estate investment trust’s stock after selling 787 shares during the period. Janney Montgomery Scott LLC’s holdings in UDR were worth $726,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Retirement Systems of Alabama lifted its position in shares of UDR by 0.7% in the second quarter. Retirement Systems of Alabama now owns 295,161 shares of the real estate investment trust’s stock worth $13,589,000 after buying an additional 2,054 shares during the last quarter. Seneca House Advisors lifted its position in shares of UDR by 46.6% during the 2nd quarter. Seneca House Advisors now owns 5,898 shares of the real estate investment trust’s stock worth $272,000 after purchasing an additional 1,874 shares during the last quarter. Handelsbanken Fonder AB lifted its position in shares of UDR by 1.8% during the 2nd quarter. Handelsbanken Fonder AB now owns 126,681 shares of the real estate investment trust’s stock worth $5,832,000 after purchasing an additional 2,193 shares during the last quarter. Capital Wealth Alliance LLC acquired a new position in shares of UDR during the 2nd quarter worth about $583,000. Finally, Treasurer of the State of North Carolina increased its stake in UDR by 14.5% during the second quarter. Treasurer of the State of North Carolina now owns 138,626 shares of the real estate investment trust’s stock valued at $6,382,000 after acquiring an additional 17,598 shares during the period. Institutional investors and hedge funds own 95.28% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts recently issued reports on UDR shares. Jefferies Financial Group lowered their price target on UDR from $55.00 to $46.00 and set a “buy” rating on the stock in a research note on Wednesday, October 19th. UBS Group restated a “buy” rating and set a $52.00 price target on shares of UDR in a research note on Wednesday, August 3rd. Piper Sandler lowered their price target on UDR from $48.00 to $44.00 and set a “neutral” rating on the stock in a research note on Friday, October 7th. Mizuho lowered UDR from a “buy” rating to a “neutral” rating and lowered their price target for the company from $48.00 to $46.00 in a research note on Monday, September 19th. They noted that the move was a valuation call. Finally, Morgan Stanley lowered their price target on UDR from $54.00 to $49.00 and set an “equal weight” rating on the stock in a research note on Friday, October 21st. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and nine have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $52.56.

UDR Stock Down 0.1 %

NYSE UDR opened at $37.56 on Thursday. The firm has a market cap of $12.23 billion, a PE ratio of 76.65, a price-to-earnings-growth ratio of 2.47 and a beta of 0.72. UDR, Inc. has a one year low of $37.18 and a one year high of $61.06. The stock’s 50 day simple moving average is $41.39 and its 200 day simple moving average is $45.24. The company has a debt-to-equity ratio of 1.44, a current ratio of 3.72 and a quick ratio of 3.72.

UDR Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, October 31st. Investors of record on Tuesday, October 11th were given a dividend of $0.38 per share. The ex-dividend date was Friday, October 7th. This represents a $1.52 dividend on an annualized basis and a yield of 4.05%. UDR’s dividend payout ratio (DPR) is presently 310.20%.

About UDR

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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.

See Also

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Institutional Ownership by Quarter for UDR (NYSE:UDR)

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