UDR, Inc. (NYSE:UDR) Shares Sold by Retirement Systems of Alabama

Retirement Systems of Alabama lowered its holdings in UDR, Inc. (NYSE:UDR) by 1.2% in the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 239,868 shares of the real estate investment trust’s stock after selling 2,791 shares during the quarter. Retirement Systems of Alabama’s holdings in UDR were worth $10,876,000 as of its most recent filing with the SEC.

Several other institutional investors also recently made changes to their positions in the stock. Inspire Trust Co. N.A. increased its holdings in shares of UDR by 12.3% in the 3rd quarter. Inspire Trust Co. N.A. now owns 27,415 shares of the real estate investment trust’s stock valued at $1,243,000 after purchasing an additional 3,000 shares in the last quarter. Tidal Investments LLC increased its holdings in UDR by 25.5% in the third quarter. Tidal Investments LLC now owns 18,053 shares of the real estate investment trust’s stock valued at $819,000 after buying an additional 3,665 shares in the last quarter. Unigestion Holding SA acquired a new stake in shares of UDR during the 3rd quarter valued at approximately $533,000. Toronto Dominion Bank boosted its stake in shares of UDR by 68.4% during the 3rd quarter. Toronto Dominion Bank now owns 149,826 shares of the real estate investment trust’s stock worth $6,793,000 after acquiring an additional 60,839 shares in the last quarter. Finally, Continuum Advisory LLC grew its holdings in shares of UDR by 5,335.3% in the 3rd quarter. Continuum Advisory LLC now owns 924 shares of the real estate investment trust’s stock worth $41,000 after acquiring an additional 907 shares during the period. 97.84% of the stock is currently owned by hedge funds and other institutional investors.

UDR Stock Up 0.6 %

Shares of NYSE UDR opened at $44.74 on Tuesday. The stock has a market capitalization of $14.76 billion, a PE ratio of 120.92, a P/E/G ratio of 12.34 and a beta of 0.87. The company has a quick ratio of 5.91, a current ratio of 5.91 and a debt-to-equity ratio of 1.69. The firm has a fifty day moving average of $44.38 and a 200-day moving average of $43.04. UDR, Inc. has a 52-week low of $34.19 and a 52-week high of $47.55.

UDR Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, October 31st. Stockholders of record on Thursday, October 10th were issued a dividend of $0.425 per share. This represents a $1.70 dividend on an annualized basis and a dividend yield of 3.80%. The ex-dividend date of this dividend was Thursday, October 10th. UDR’s payout ratio is currently 459.47%.

Analysts Set New Price Targets

Several brokerages recently issued reports on UDR. Wells Fargo & Company lifted their price objective on UDR from $41.00 to $48.00 and gave the stock an “overweight” rating in a report on Monday, August 26th. Evercore ISI boosted their price objective on shares of UDR from $42.00 to $43.00 and gave the stock an “in-line” rating in a research report on Monday, September 9th. BNP Paribas initiated coverage on shares of UDR in a research note on Wednesday, September 11th. They issued an “outperform” rating and a $49.00 price objective on the stock. Piper Sandler lifted their target price on shares of UDR from $40.00 to $46.00 and gave the stock a “neutral” rating in a research report on Monday, August 26th. Finally, StockNews.com upgraded shares of UDR from a “sell” rating to a “hold” rating in a research report on Thursday, December 12th. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $45.19.

About UDR

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.