Versor Investments LP Cuts Stake in UDR, Inc. (NYSE:UDR)

Versor Investments LP cut its holdings in shares of UDR, Inc. (NYSE:UDR) by 56.8% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 8,900 shares of the real estate investment trust’s stock after selling 11,700 shares during the period. Versor Investments LP’s holdings in UDR were worth $404,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of the business. Venturi Wealth Management LLC boosted its position in shares of UDR by 7.0% during the third quarter. Venturi Wealth Management LLC now owns 19,416 shares of the real estate investment trust’s stock valued at $880,000 after buying an additional 1,270 shares during the last quarter. Catalytic Wealth RIA LLC boosted its position in shares of UDR by 33.1% during the third quarter. Catalytic Wealth RIA LLC now owns 7,493 shares of the real estate investment trust’s stock valued at $340,000 after buying an additional 1,864 shares during the last quarter. Los Angeles Capital Management LLC boosted its position in shares of UDR by 1,665.3% during the third quarter. Los Angeles Capital Management LLC now owns 369,448 shares of the real estate investment trust’s stock valued at $16,751,000 after buying an additional 348,520 shares during the last quarter. State of New Jersey Common Pension Fund D boosted its position in shares of UDR by 3.1% during the third quarter. State of New Jersey Common Pension Fund D now owns 337,524 shares of the real estate investment trust’s stock valued at $15,303,000 after buying an additional 10,000 shares during the last quarter. Finally, Harvest Portfolios Group Inc. boosted its position in shares of UDR by 172.1% during the third quarter. Harvest Portfolios Group Inc. now owns 34,663 shares of the real estate investment trust’s stock valued at $1,572,000 after buying an additional 21,923 shares during the last quarter. 97.84% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on UDR. Royal Bank of Canada lowered their target price on UDR from $46.00 to $45.00 and set a “sector perform” rating on the stock in a report on Tuesday, November 5th. JPMorgan Chase & Co. increased their target price on UDR from $43.00 to $50.00 and gave the company an “overweight” rating in a report on Monday, September 16th. Truist Financial increased their target price on UDR from $44.00 to $47.00 and gave the company a “buy” rating in a report on Monday, August 26th. The Goldman Sachs Group began coverage on UDR in a report on Wednesday, September 4th. They issued a “sell” rating and a $42.00 target price on the stock. Finally, StockNews.com downgraded UDR from a “hold” rating to a “sell” rating in a report on Wednesday, November 6th. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating and eight have issued a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and an average price target of $45.18.

UDR Stock Down 1.4 %

Shares of UDR opened at $44.55 on Friday. The business’s 50 day moving average is $44.62 and its 200 day moving average is $42.01. The company has a market capitalization of $14.70 billion, a PE ratio of 121.00, a price-to-earnings-growth ratio of 12.29 and a beta of 0.85. UDR, Inc. has a 12-month low of $32.37 and a 12-month high of $47.55. 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 Announces Dividend

The firm 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 annualized dividend and a yield of 3.82%. The ex-dividend date of this dividend was Thursday, October 10th. UDR’s dividend payout ratio (DPR) is presently 459.47%.

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.