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

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

UDR Trading Down 0.8 %

UDR stock traded down $0.35 during trading on Friday, hitting $44.47. 1,283,922 shares of the company traded hands, compared to its average volume of 2,431,836. The company has a debt-to-equity ratio of 1.69, a quick ratio of 5.91 and a current ratio of 5.91. The company has a 50-day moving average of $44.37 and a 200-day moving average of $42.93. The firm has a market capitalization of $14.67 billion, a PE ratio of 120.19, a P/E/G ratio of 12.29 and a beta of 0.87. UDR has a 1 year low of $34.19 and a 1 year high of $47.55.

UDR Announces Dividend

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

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in UDR. Family Firm Inc. bought a new stake in shares of UDR during the 2nd quarter valued at $26,000. Activest Wealth Management purchased a new stake in UDR in the third quarter worth about $27,000. UMB Bank n.a. bought a new position in shares of UDR during the second quarter valued at approximately $33,000. Brooklyn Investment Group purchased a new position in shares of UDR during the third quarter valued at approximately $33,000. Finally, Rothschild Investment LLC bought a new stake in shares of UDR in the 2nd quarter worth approximately $35,000. 97.84% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several research analysts have commented on the stock. BNP Paribas began coverage on shares of UDR in a report on Wednesday, September 11th. They issued an “outperform” rating and a $49.00 price target for the company. Royal Bank of Canada dropped their price objective on UDR from $46.00 to $45.00 and set a “sector perform” rating for the company in a research note on Tuesday, November 5th. Evercore ISI upped their target price on UDR from $42.00 to $43.00 and gave the stock an “in-line” rating in a research note on Monday, September 9th. Wells Fargo & Company lifted their price target on UDR from $41.00 to $48.00 and gave the company an “overweight” rating in a research report on Monday, August 26th. Finally, JPMorgan Chase & Co. upped their price objective 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 assigned a hold rating and seven have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, UDR presently has a consensus rating of “Hold” and a consensus target price of $45.19.

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.