UDR, Inc. (NYSE:UDR) Shares Sold by Raymond James & Associates

Raymond James & Associates trimmed its holdings in shares of UDR, Inc. (NYSE:UDRGet Rating) by 7.6% in the 3rd quarter, HoldingsChannel.com reports. The fund owned 77,560 shares of the real estate investment trust’s stock after selling 6,344 shares during the quarter. Raymond James & Associates’ holdings in UDR were worth $3,235,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also bought and sold shares of UDR. Vanguard Group Inc. lifted its stake in shares of UDR by 4.9% in the 1st quarter. Vanguard Group Inc. now owns 50,627,965 shares of the real estate investment trust’s stock valued at $2,904,527,000 after purchasing an additional 2,353,851 shares during the period. State Street Corp lifted its stake in shares of UDR by 11.3% in the 1st quarter. State Street Corp now owns 20,573,811 shares of the real estate investment trust’s stock valued at $1,180,320,000 after purchasing an additional 2,084,674 shares during the period. FMR LLC lifted its stake in shares of UDR by 8.3% in the 2nd quarter. FMR LLC now owns 10,616,907 shares of the real estate investment trust’s stock valued at $488,802,000 after purchasing an additional 816,291 shares during the period. JPMorgan Chase & Co. lifted its stake in shares of UDR by 31.6% in the 2nd quarter. JPMorgan Chase & Co. now owns 8,059,929 shares of the real estate investment trust’s stock valued at $371,080,000 after purchasing an additional 1,933,584 shares during the period. Finally, Legal & General Group Plc lifted its stake in shares of UDR by 9.4% in the 2nd quarter. Legal & General Group Plc now owns 4,046,709 shares of the real estate investment trust’s stock valued at $186,310,000 after purchasing an additional 347,149 shares during the period. 92.09% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities analysts recently issued reports on the stock. The Goldman Sachs Group decreased their target price on shares of UDR from $57.00 to $46.00 and set a “buy” rating for the company in a research note on Tuesday, October 18th. Capital One Financial reissued an “overweight” rating on shares of UDR in a report on Wednesday, November 30th. Jefferies Financial Group cut their price target on shares of UDR from $55.00 to $46.00 and set a “buy” rating for the company in a report on Wednesday, October 19th. Evercore ISI cut their price target on shares of UDR to $45.00 in a report on Thursday, October 13th. Finally, Piper Sandler cut their price target on shares of UDR from $48.00 to $44.00 and set a “neutral” rating for the company in a report on Friday, October 7th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and eight have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $46.71.

Insider Buying and Selling at UDR

In other UDR news, CEO Thomas W. Toomey sold 20,000 shares of the company’s stock in a transaction dated Wednesday, November 23rd. The shares were sold at an average price of $40.44, for a total value of $808,800.00. Following the transaction, the chief executive officer now owns 984,716 shares of the company’s stock, valued at $39,821,915.04. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 3.41% of the stock is currently owned by corporate insiders.

UDR Trading Down 1.0 %

NYSE UDR opened at $39.61 on Friday. The firm’s 50-day moving average is $39.61 and its two-hundred day moving average is $42.37. UDR, Inc. has a 12 month low of $37.18 and a 12 month high of $60.01. The company has a debt-to-equity ratio of 1.44, a current ratio of 3.72 and a quick ratio of 3.72. The stock has a market capitalization of $12.89 billion, a P/E ratio of 80.84, a PEG ratio of 2.08 and a beta of 0.73.

UDR Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, January 31st. Shareholders of record on Monday, January 9th will be given a $0.38 dividend. The ex-dividend date of this dividend is Friday, January 6th. This represents a $1.52 dividend on an annualized basis and a yield of 3.84%. UDR’s payout ratio is currently 310.20%.

UDR Profile

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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.

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Institutional Ownership by Quarter for UDR (NYSE:UDR)

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