Amalgamated Bank Lowers Position in UDR, Inc. (NYSE:UDR)

Amalgamated Bank lessened its position in shares of UDR, Inc. (NYSE:UDRFree Report) by 1.9% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 79,256 shares of the real estate investment trust’s stock after selling 1,496 shares during the quarter. Amalgamated Bank’s holdings in UDR were worth $2,827,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the company. Vanguard Group Inc. increased its position in UDR by 4.9% during the first 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 acquiring an additional 2,353,851 shares during the last quarter. Norges Bank purchased a new stake in UDR in the fourth quarter worth about $913,594,000. State Street Corp increased its position in UDR by 11.2% in the first quarter. State Street Corp now owns 22,969,937 shares of the real estate investment trust’s stock worth $943,146,000 after buying an additional 2,321,585 shares in the last quarter. JPMorgan Chase & Co. increased its position in UDR by 30.1% in the first quarter. JPMorgan Chase & Co. now owns 13,691,188 shares of the real estate investment trust’s stock worth $562,157,000 after buying an additional 3,164,948 shares in the last quarter. Finally, Geode Capital Management LLC increased its position in UDR by 1.2% in the second quarter. Geode Capital Management LLC now owns 7,177,953 shares of the real estate investment trust’s stock worth $307,605,000 after buying an additional 85,993 shares in the last quarter. Hedge funds and other institutional investors own 91.68% of the company’s stock.

UDR Price Performance

NYSE:UDR opened at $35.37 on Friday. The firm has a market capitalization of $11.63 billion, a price-to-earnings ratio of 26.40, a PEG ratio of 2.37 and a beta of 0.81. UDR, Inc. has a 1 year low of $30.95 and a 1 year high of $45.46. The business has a 50 day simple moving average of $37.04 and a 200-day simple moving average of $36.64. The company has a debt-to-equity ratio of 1.47, a current ratio of 1.12 and a quick ratio of 5.43.

UDR Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, January 31st. Stockholders of record on Wednesday, January 10th were paid a $0.42 dividend. This represents a $1.68 annualized dividend and a dividend yield of 4.75%. The ex-dividend date of this dividend was Tuesday, January 9th. UDR’s payout ratio is 125.37%.

Insider Activity

In other news, CEO Thomas W. Toomey sold 45,000 shares of the firm’s stock in a transaction that occurred on Tuesday, December 26th. The stock was sold at an average price of $37.90, for a total value of $1,705,500.00. Following the completion of the sale, the chief executive officer now directly owns 939,716 shares of the company’s stock, valued at approximately $35,615,236.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 4.49% of the company’s stock.

Analyst Ratings Changes

A number of analysts have commented on UDR shares. KeyCorp reduced their price target on UDR from $48.00 to $45.00 and set an “overweight” rating for the company in a research report on Wednesday, December 13th. Bank of America cut UDR from a “buy” rating to a “neutral” rating and reduced their price target for the stock from $42.00 to $33.00 in a research report on Tuesday, October 31st. Wells Fargo & Company cut UDR from an “overweight” rating to an “equal weight” rating and reduced their price target for the stock from $42.50 to $34.00 in a research report on Tuesday, November 7th. Piper Sandler lowered UDR from a “neutral” rating to an “underweight” rating and dropped their price objective for the stock from $46.00 to $30.00 in a research note on Tuesday, October 31st. Finally, TheStreet lowered UDR from a “b-” rating to a “c” rating in a research note on Thursday, October 26th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $42.69.

View Our Latest Stock Report on UDR

UDR Profile

(Free Report)

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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