UDR, Inc. (NYSE:UDR) Shares Sold by Tower Bridge Advisors

Tower Bridge Advisors decreased its holdings in UDR, Inc. (NYSE:UDR) by 5.9% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 4,800 shares of the real estate investment trust’s stock after selling 300 shares during the quarter. Tower Bridge Advisors’ holdings in UDR were worth $218,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in the business. CWM LLC grew its position in UDR by 10.0% in the third quarter. CWM LLC now owns 3,802 shares of the real estate investment trust’s stock worth $172,000 after buying an additional 347 shares during the last quarter. Empowered Funds LLC boosted its stake in UDR by 7.1% in the 3rd quarter. Empowered Funds LLC now owns 5,246 shares of the real estate investment trust’s stock worth $238,000 after purchasing an additional 350 shares during the period. Mather Group LLC. boosted its stake in shares of UDR by 58.2% during the 3rd quarter. Mather Group LLC. now owns 998 shares of the real estate investment trust’s stock valued at $45,000 after buying an additional 367 shares during the period. Truist Financial Corp boosted its stake in shares of UDR by 0.6% during the 2nd quarter. Truist Financial Corp now owns 66,673 shares of the real estate investment trust’s stock valued at $2,744,000 after buying an additional 414 shares during the period. Finally, TCV Trust & Wealth Management Inc. boosted its stake in shares of UDR by 8.2% during the 3rd quarter. TCV Trust & Wealth Management Inc. now owns 5,589 shares of the real estate investment trust’s stock valued at $253,000 after buying an additional 424 shares during the period. Institutional investors and hedge funds own 97.84% of the company’s stock.

Analyst Ratings Changes

UDR has been the subject of a number of research reports. JPMorgan Chase & Co. lifted their target price on shares of UDR from $43.00 to $50.00 and gave the company an “overweight” rating in a research note on Monday, September 16th. Wells Fargo & Company lifted their price objective on shares of UDR from $41.00 to $48.00 and gave the company an “overweight” rating in a research note on Monday, August 26th. UBS Group lifted their price objective on shares of UDR from $48.00 to $52.00 and gave the company a “buy” rating in a research note on Thursday, September 12th. BNP Paribas began coverage on shares of UDR in a research note on Wednesday, September 11th. They issued an “outperform” rating and a $49.00 price objective for the company. Finally, Royal Bank of Canada dropped their target price on shares of UDR from $46.00 to $45.00 and set a “sector perform” rating on the stock in a report on Tuesday, November 5th. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and eight have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $45.18.

UDR Trading Down 0.5 %

NYSE:UDR opened at $44.31 on Monday. The company has a debt-to-equity ratio of 1.69, a quick ratio of 5.91 and a current ratio of 5.91. UDR, Inc. has a 52 week low of $32.37 and a 52 week high of $47.55. The firm’s fifty day moving average is $44.63 and its 200-day moving average is $42.10. The firm has a market cap of $14.62 billion, a P/E ratio of 119.76, a P/E/G ratio of 12.30 and a beta of 0.85.

UDR Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, October 31st. Shareholders of record on Thursday, October 10th were issued a dividend of $0.425 per share. The ex-dividend date of this dividend was Thursday, October 10th. This represents a $1.70 annualized dividend and a yield of 3.84%. UDR’s payout ratio is 459.47%.

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.