Raymond James & Associates Trims Position in UDR, Inc. (NYSE:UDR)

Raymond James & Associates cut its position in UDR, Inc. (NYSE:UDRGet Rating) by 7.6% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 77,560 shares of the real estate investment trust’s stock after selling 6,344 shares during the period. Raymond James & Associates’ holdings in UDR were worth $3,235,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Clear Street Markets LLC grew its stake in UDR by 412.3% during the second quarter. Clear Street Markets LLC now owns 625 shares of the real estate investment trust’s stock valued at $29,000 after acquiring an additional 503 shares in the last quarter. Private Trust Co. NA purchased a new position in UDR during the second quarter valued at $52,000. Meeder Asset Management Inc. grew its stake in UDR by 25.6% during the second quarter. Meeder Asset Management Inc. now owns 1,707 shares of the real estate investment trust’s stock valued at $79,000 after acquiring an additional 348 shares in the last quarter. Allworth Financial LP grew its stake in UDR by 78.7% during the third quarter. Allworth Financial LP now owns 2,859 shares of the real estate investment trust’s stock valued at $119,000 after acquiring an additional 1,259 shares in the last quarter. Finally, Desjardins Global Asset Management Inc. grew its stake in UDR by 183.2% during the second quarter. Desjardins Global Asset Management Inc. now owns 2,620 shares of the real estate investment trust’s stock valued at $120,000 after acquiring an additional 1,695 shares in the last quarter. 92.09% of the stock is owned by hedge funds and other institutional investors.

UDR Trading Down 1.0 %

Shares of UDR opened at $39.61 on Friday. UDR, Inc. has a 1-year low of $37.18 and a 1-year high of $60.01. The company has a 50-day moving average of $39.61 and a 200 day moving average of $42.37. The firm has a market capitalization of $12.89 billion, a price-to-earnings ratio of 80.84, a PEG ratio of 2.08 and a beta of 0.73. 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 business also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 31st. Investors of record on Monday, January 9th will be issued a dividend of $0.38 per share. The ex-dividend date 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 310.20%.

Analysts Set New Price Targets

Several equities analysts recently weighed in on the stock. StockNews.com assumed coverage on shares of UDR in a research note on Wednesday, October 12th. They set a “sell” rating for the company. Morgan Stanley upgraded shares of UDR from an “equal weight” rating to an “overweight” rating and lowered their price objective for the company from $49.00 to $47.00 in a research report on Friday, December 2nd. Mizuho lowered their price objective on shares of UDR from $46.00 to $41.00 and set a “neutral” rating for the company in a research report on Thursday, November 10th. Royal Bank of Canada lowered their price objective on shares of UDR from $46.00 to $43.00 and set a “sector perform” rating for the company in a research report on Friday, October 28th. Finally, Capital One Financial reiterated an “overweight” rating on shares of UDR in a research report on Wednesday, November 30th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat.com, UDR presently has an average rating of “Hold” and an average 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 firm’s stock in a transaction dated Wednesday, November 23rd. The shares were sold at an average price of $40.44, for a total transaction of $808,800.00. Following the transaction, the chief executive officer now owns 984,716 shares of the company’s stock, valued at approximately $39,821,915.04. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 3.41% of the company’s stock.

UDR Profile

(Get Rating)

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.

Featured Stories

Institutional Ownership by Quarter for UDR (NYSE:UDR)

Receive News & Ratings for UDR Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for UDR and related companies with MarketBeat.com's FREE daily email newsletter.