Eagle Bay Advisors LLC Sells 716 Shares of UDR, Inc. (NYSE:UDR)

Eagle Bay Advisors LLC lessened its position in shares of UDR, Inc. (NYSE:UDR) by 32.9% in the fourth quarter, Holdings Channel.com reports. The firm owned 1,461 shares of the real estate investment trust’s stock after selling 716 shares during the period. Eagle Bay Advisors LLC’s holdings in UDR were worth $63,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Activest Wealth Management acquired a new stake in UDR in the 3rd quarter valued at approximately $27,000. Brooklyn Investment Group bought a new position in shares of UDR during the 3rd quarter worth approximately $33,000. Quest Partners LLC bought a new stake in shares of UDR in the second quarter worth $37,000. Continuum Advisory LLC boosted its holdings in UDR by 5,335.3% during the third quarter. Continuum Advisory LLC now owns 924 shares of the real estate investment trust’s stock worth $41,000 after purchasing an additional 907 shares during the last quarter. Finally, Mather Group LLC. grew its position in UDR by 58.2% in the third quarter. Mather Group LLC. now owns 998 shares of the real estate investment trust’s stock valued at $45,000 after purchasing an additional 367 shares in the last quarter. 97.84% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

UDR has been the topic of several analyst reports. Scotiabank cut their price target on shares of UDR from $49.00 to $48.00 and set a “sector perform” rating on the stock in a research report on Thursday, November 14th. JPMorgan Chase & Co. upped their target price on UDR from $43.00 to $50.00 and gave the stock an “overweight” rating in a report on Monday, September 16th. StockNews.com downgraded UDR from a “hold” rating to a “sell” rating in a research note on Thursday, January 2nd. Mizuho dropped their price objective on UDR from $47.00 to $45.00 and set a “neutral” rating on the stock in a research note on Monday, January 6th. Finally, Jefferies Financial Group downgraded shares of UDR from a “buy” rating to a “hold” rating and lowered their target price for the stock from $50.00 to $45.00 in a report on Thursday, January 2nd. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and eight have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $46.35.

UDR Stock Performance

Shares of NYSE UDR opened at $41.00 on Tuesday. UDR, Inc. has a one year low of $34.19 and a one year high of $47.55. The company has a debt-to-equity ratio of 1.69, a current ratio of 5.91 and a quick ratio of 5.91. The firm has a market cap of $13.53 billion, a price-to-earnings ratio of 110.81, a P/E/G ratio of 12.34 and a beta of 0.89. The stock’s fifty day moving average price is $43.92 and its two-hundred day moving average price is $43.41.

UDR Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, January 31st. Investors of record on Thursday, January 9th will be given a dividend of $0.425 per share. This represents a $1.70 dividend on an annualized basis and a yield of 4.15%. The ex-dividend date of this dividend is Friday, January 10th. UDR’s dividend payout ratio is 459.46%.

UDR Profile

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.