UDR, Inc. (NYSE:UDR) Short Interest Update

UDR, Inc. (NYSE:UDR) was the recipient of a significant decrease in short interest during the month of November. As of November 30th, there was short interest totalling 4,670,000 shares, a decrease of 20.4% from the November 15th total of 5,870,000 shares. Based on an average daily trading volume, of 2,070,000 shares, the days-to-cover ratio is currently 2.3 days.

Wall Street Analyst Weigh In

UDR has been the topic of a number of research analyst reports. Truist Financial upped their price target on UDR from $44.00 to $47.00 and gave the company a “buy” rating in a report on Monday, August 26th. StockNews.com raised shares of UDR from a “sell” rating to a “hold” rating in a report on Thursday. Wells Fargo & Company lifted their price target on shares of UDR from $41.00 to $48.00 and gave the stock an “overweight” rating in a research note on Monday, August 26th. Scotiabank lowered their price objective 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. Finally, JPMorgan Chase & Co. lifted their target price on shares of UDR from $43.00 to $50.00 and gave the stock an “overweight” rating in a research report on Monday, September 16th. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $45.19.

UDR Stock Performance

NYSE UDR traded down $0.35 on Friday, reaching $44.47. 1,283,922 shares of the stock were exchanged, compared to its average volume of 2,431,836. The company has a current ratio of 5.91, a quick ratio of 5.91 and a debt-to-equity ratio of 1.69. UDR has a one year low of $34.19 and a one year high of $47.55. The firm has a market capitalization of $14.67 billion, a PE ratio of 120.19, a PEG ratio of 12.29 and a beta of 0.87. The company’s 50-day simple moving average is $44.37 and its two-hundred day simple moving average is $42.93.

UDR Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, October 31st. Investors of record on Thursday, October 10th were paid a dividend of $0.425 per share. This represents a $1.70 dividend on an annualized basis and a dividend yield of 3.82%. The ex-dividend date of this dividend was Thursday, October 10th. UDR’s dividend payout ratio (DPR) is 459.47%.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of UDR. International Assets Investment Management LLC lifted its position in shares of UDR by 4,436.2% in the third quarter. International Assets Investment Management LLC now owns 44,228 shares of the real estate investment trust’s stock valued at $2,005,000 after acquiring an additional 43,253 shares in the last quarter. Los Angeles Capital Management LLC lifted its holdings in UDR by 1,665.3% in the 3rd quarter. Los Angeles Capital Management LLC now owns 369,448 shares of the real estate investment trust’s stock worth $16,751,000 after purchasing an additional 348,520 shares in the last quarter. MQS Management LLC bought a new position in UDR in the 3rd quarter worth approximately $712,000. Millennium Management LLC grew its holdings in UDR by 115.3% during the 2nd quarter. Millennium Management LLC now owns 3,499,150 shares of the real estate investment trust’s stock valued at $143,990,000 after buying an additional 1,874,096 shares in the last quarter. Finally, BSN CAPITAL PARTNERS Ltd purchased a new position in shares of UDR in the third quarter worth $10,987,000. Institutional investors own 97.84% of the company’s stock.

UDR Company 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.