Penserra Capital Management LLC Lowers Position in UDR, Inc. (NYSE:UDR)

Penserra Capital Management LLC decreased its stake in UDR, Inc. (NYSE:UDR) by 2.6% in the third quarter, HoldingsChannel.com reports. The institutional investor owned 15,605 shares of the real estate investment trust’s stock after selling 410 shares during the period. Penserra Capital Management LLC’s holdings in UDR were worth $707,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also recently made changes to their positions in the company. CWM LLC increased its holdings in UDR by 10.0% in the 3rd quarter. CWM LLC now owns 3,802 shares of the real estate investment trust’s stock worth $172,000 after acquiring an additional 347 shares in the last quarter. Empowered Funds LLC boosted its position in shares of UDR by 7.1% in the third 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. increased its stake in shares of UDR by 58.2% in the third quarter. Mather Group LLC. now owns 998 shares of the real estate investment trust’s stock worth $45,000 after purchasing an additional 367 shares in the last quarter. Truist Financial Corp raised its position 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 purchasing an additional 414 shares during the period. Finally, TCV Trust & Wealth Management Inc. lifted 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 in the last quarter. Institutional investors own 97.84% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on the company. Truist Financial increased their price target on UDR from $44.00 to $47.00 and gave the stock a “buy” rating in a research note on Monday, August 26th. Wedbush lifted their target price on UDR from $45.00 to $49.00 and gave the company an “outperform” rating in a research note on Monday, August 5th. Piper Sandler upped their price target on UDR from $40.00 to $46.00 and gave the stock a “neutral” rating in a research note on Monday, August 26th. BNP Paribas initiated coverage on shares of UDR in a research report on Wednesday, September 11th. They set an “outperform” rating and a $49.00 price objective on the stock. Finally, StockNews.com lowered shares of UDR from a “hold” rating to a “sell” rating in a research report on Tuesday, November 19th. Two research analysts have rated the stock with a sell rating, eight have given a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $45.18.

UDR Stock Performance

Shares of UDR stock opened at $46.36 on Thursday. The stock’s fifty day moving average is $44.46 and its two-hundred day moving average is $42.47. The company has a market capitalization of $15.30 billion, a PE ratio of 125.30, a price-to-earnings-growth ratio of 12.64 and a beta of 0.85. The company has a quick ratio of 5.91, a current ratio of 5.91 and a debt-to-equity ratio of 1.69. UDR, Inc. has a 52 week low of $32.85 and a 52 week high of $47.55.

UDR Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, October 31st. Stockholders of record on Thursday, October 10th were issued a $0.425 dividend. This represents a $1.70 dividend on an annualized basis and a dividend yield of 3.67%. The ex-dividend date was Thursday, October 10th. UDR’s payout ratio is presently 459.47%.

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.