UDR, Inc. (NYSE:UDR) Shares Sold by Aptus Capital Advisors LLC

Aptus Capital Advisors LLC cut its position in shares of UDR, Inc. (NYSE:UDRFree Report) by 14.4% in the third quarter, Holdings Channel.com reports. The institutional investor owned 5,935 shares of the real estate investment trust’s stock after selling 998 shares during the period. Aptus Capital Advisors LLC’s holdings in UDR were worth $212,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of the company. Geode Capital Management LLC lifted its position in shares of 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 purchasing an additional 85,993 shares in the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd lifted its position in shares of UDR by 2.9% in the second quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 73,408 shares of the real estate investment trust’s stock worth $3,154,000 after purchasing an additional 2,070 shares in the last quarter. Bank of Nova Scotia lifted its position in shares of UDR by 16.3% in the second quarter. Bank of Nova Scotia now owns 25,215 shares of the real estate investment trust’s stock worth $1,083,000 after purchasing an additional 3,537 shares in the last quarter. Duality Advisers LP lifted its position in shares of UDR by 428.6% in the third quarter. Duality Advisers LP now owns 28,407 shares of the real estate investment trust’s stock worth $1,013,000 after purchasing an additional 23,033 shares in the last quarter. Finally, abrdn plc lifted its position in shares of UDR by 516.1% in the second quarter. abrdn plc now owns 908,325 shares of the real estate investment trust’s stock worth $39,022,000 after purchasing an additional 760,893 shares in the last quarter. 91.68% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at UDR

In other news, CEO Thomas W. Toomey sold 45,000 shares of the firm’s stock in a transaction on Tuesday, December 26th. The shares were sold at an average price of $37.90, for a total value of $1,705,500.00. Following the sale, the chief executive officer now owns 939,716 shares in the company, valued at $35,615,236.40. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. 3.41% of the stock is currently owned by corporate insiders.

UDR Trading Up 0.6 %

Shares of UDR stock opened at $35.57 on Tuesday. The company’s fifty day simple moving average is $37.06 and its 200-day simple moving average is $36.57. The company has a market cap of $11.70 billion, a price-to-earnings ratio of 26.54, a PEG ratio of 2.37 and a beta of 0.81. The company has a current ratio of 1.12, a quick ratio of 5.43 and a debt-to-equity ratio of 1.47. UDR, Inc. has a 1 year low of $30.95 and a 1 year high of $45.46.

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. The ex-dividend date of this dividend was Tuesday, January 9th. This represents a $1.68 annualized dividend and a dividend yield of 4.72%. UDR’s payout ratio is 125.37%.

Analysts Set New Price Targets

A number of research firms have recently issued reports on UDR. Mizuho increased their price target on shares of UDR from $34.00 to $38.00 and gave the stock a “neutral” rating in a research report on Wednesday, January 10th. Royal Bank of Canada cut their price objective on shares of UDR from $39.00 to $37.00 and set a “sector perform” rating on the stock in a research report on Monday, October 30th. KeyCorp cut their price objective on shares of UDR from $48.00 to $45.00 and set an “overweight” rating on the stock in a research report on Wednesday, December 13th. Bank of America lowered shares of UDR from a “buy” rating to a “neutral” rating and cut their price objective for the company from $42.00 to $33.00 in a research report on Tuesday, October 31st. Finally, Piper Sandler lowered shares of UDR from a “neutral” rating to an “underweight” rating and cut their price objective for the company from $46.00 to $30.00 in a research report on Tuesday, October 31st. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and seven have given a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $42.69.

View Our Latest Research Report on UDR

UDR Company 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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