Mutual of America Capital Management LLC Sells 1,469 Shares of UDR, Inc. (NYSE:UDR)

Mutual of America Capital Management LLC cut its position in UDR, Inc. (NYSE:UDR) by 3.7% in the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 38,209 shares of the real estate investment trust’s stock after selling 1,469 shares during the period. Mutual of America Capital Management LLC’s holdings in UDR were worth $1,572,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Hummer Financial Advisory Services Inc raised its position in UDR by 2.9% in the 1st quarter. Hummer Financial Advisory Services Inc now owns 12,057 shares of the real estate investment trust’s stock worth $451,000 after buying an additional 335 shares during the last quarter. Integrity Wealth Solutions LLC raised its holdings in shares of UDR by 8.2% during the first quarter. Integrity Wealth Solutions LLC now owns 6,409 shares of the real estate investment trust’s stock valued at $240,000 after purchasing an additional 484 shares during the last quarter. Covestor Ltd lifted its position in UDR by 18.3% during the first quarter. Covestor Ltd now owns 3,336 shares of the real estate investment trust’s stock valued at $125,000 after purchasing an additional 515 shares during the period. State of Alaska Department of Revenue lifted its position in UDR by 0.3% during the first quarter. State of Alaska Department of Revenue now owns 189,355 shares of the real estate investment trust’s stock valued at $7,083,000 after purchasing an additional 551 shares during the period. Finally, V Square Quantitative Management LLC boosted its holdings in UDR by 12.4% in the second quarter. V Square Quantitative Management LLC now owns 5,658 shares of the real estate investment trust’s stock worth $233,000 after purchasing an additional 626 shares during the last quarter. Institutional investors own 97.84% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on UDR shares. Truist Financial increased their price target on UDR from $44.00 to $47.00 and gave the company a “buy” rating in a report on Monday, August 26th. Deutsche Bank Aktiengesellschaft increased their target price on UDR from $40.00 to $44.00 and gave the company a “hold” rating in a report on Tuesday, September 10th. Wells Fargo & Company boosted their price target on UDR from $41.00 to $48.00 and gave the company an “overweight” rating in a research note on Monday, August 26th. UBS Group increased their price objective on shares of UDR from $48.00 to $52.00 and gave the stock a “buy” rating in a research note on Thursday, September 12th. Finally, BNP Paribas began coverage on shares of UDR in a research report on Wednesday, September 11th. They set an “outperform” rating and a $49.00 target price for the company. One analyst has rated the stock with a sell rating, ten have assigned a hold rating and eight have given a buy rating to the stock. According to MarketBeat.com, UDR presently has a consensus rating of “Hold” and a consensus price target of $44.28.

UDR Stock Down 1.1 %

Shares of UDR opened at $45.20 on Friday. The business’s 50 day moving average is $43.23 and its 200 day moving average is $40.25. The company has a current ratio of 5.82, a quick ratio of 5.82 and a debt-to-equity ratio of 1.57. UDR, Inc. has a 12-month low of $30.95 and a 12-month high of $47.55. The company has a market capitalization of $14.91 billion, a PE ratio of 32.75, a price-to-earnings-growth ratio of 10.09 and a beta of 0.85.

UDR (NYSE:UDR) last issued its earnings results on Tuesday, July 30th. The real estate investment trust reported $0.08 earnings per share for the quarter, missing analysts’ consensus estimates of $0.61 by ($0.53). The company had revenue of $415.30 million for the quarter, compared to the consensus estimate of $413.75 million. UDR had a return on equity of 3.70% and a net margin of 8.34%. UDR’s revenue was up 2.7% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.61 EPS. Research analysts expect that UDR, Inc. will post 2.47 earnings per share for the current fiscal year.

UDR Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, October 31st. Stockholders of record on Thursday, October 10th will be issued a $0.425 dividend. The ex-dividend date of this dividend is Thursday, October 10th. This represents a $1.70 annualized dividend and a dividend yield of 3.76%. UDR’s dividend payout ratio (DPR) is 123.19%.

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.