Raymond James & Associates cut its holdings in UDR, Inc. (NYSE:UDR – Free Report) by 1.8% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 90,513 shares of the real estate investment trust’s stock after selling 1,613 shares during the quarter. Raymond James & Associates’ holdings in UDR were worth $3,888,000 at the end of the most recent quarter.
Several other institutional investors have also recently modified their holdings of UDR. SG Americas Securities LLC raised its holdings in shares of UDR by 407.1% in the second quarter. SG Americas Securities LLC now owns 48,233 shares of the real estate investment trust’s stock worth $2,072,000 after acquiring an additional 38,722 shares during the last quarter. Vanderbilt University purchased a new position in UDR in the 1st quarter valued at about $572,000. Elo Mutual Pension Insurance Co boosted its stake in shares of UDR by 3.8% during the 1st quarter. Elo Mutual Pension Insurance Co now owns 26,113 shares of the real estate investment trust’s stock worth $1,072,000 after purchasing an additional 961 shares during the last quarter. Venturi Wealth Management LLC purchased a new stake in shares of UDR during the first quarter worth about $188,000. Finally, DekaBank Deutsche Girozentrale raised its position in shares of UDR by 26.7% in the second quarter. DekaBank Deutsche Girozentrale now owns 271,127 shares of the real estate investment trust’s stock valued at $11,655,000 after buying an additional 57,125 shares during the last quarter. 91.68% of the stock is currently owned by institutional investors and hedge funds.
UDR Stock Down 2.1 %
NYSE UDR opened at $33.99 on Thursday. The company has a quick ratio of 5.60, a current ratio of 5.60 and a debt-to-equity ratio of 1.33. UDR, Inc. has a fifty-two week low of $33.93 and a fifty-two week high of $45.46. The business has a 50 day moving average price of $37.25 and a two-hundred day moving average price of $39.89. The stock has a market cap of $11.20 billion, a PE ratio of 25.37, a P/E/G ratio of 1.95 and a beta of 0.79.
UDR Announces Dividend
Wall Street Analyst Weigh In
Several analysts have commented on the stock. StockNews.com assumed coverage on shares of UDR in a research note on Thursday, October 5th. They issued a “hold” rating for the company. Truist Financial raised UDR from a “hold” rating to a “buy” rating and set a $49.00 price target on the stock in a research note on Monday, August 28th. Wells Fargo & Company dropped their price objective on shares of UDR from $44.50 to $42.50 and set an “overweight” rating for the company in a research note on Tuesday, September 12th. Morgan Stanley raised their target price on shares of UDR from $45.00 to $46.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 19th. Finally, Citigroup dropped their price target on shares of UDR from $45.00 to $43.00 and set a “neutral” rating for the company in a research report on Wednesday, August 16th. Six research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. Based on data from MarketBeat, UDR presently has an average rating of “Moderate Buy” and an average price target of $45.97.
Check Out Our Latest Report on UDR
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.
Featured Articles
- Five stocks we like better than UDR
- Natural Gas Prices Continue To Rally, These Stocks Should Benefit
- The top 3 stocks insiders are selling, but you shouldn’t
- Are Stock Buybacks Good for the Average Investor?
- Spirit AeroSystems Goes Airborne After Inking a Boeing Deal
- What is an Earnings Surprise?
- Simon Property Group’s 7.2% Dividend Has Insiders Buying In Bulk
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.
