Thrivent Financial for Lutherans Lowers Position in UDR, Inc. (NYSE:UDR)

Thrivent Financial for Lutherans reduced its stake in UDR, Inc. (NYSE:UDR) by 5.5% during the 3rd quarter, Holdings Channel reports. The institutional investor owned 357,981 shares of the real estate investment trust’s stock after selling 20,646 shares during the period. Thrivent Financial for Lutherans’ holdings in UDR were worth $16,231,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of UDR. CWM LLC lifted its holdings in shares of 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 during the last quarter. Empowered Funds LLC raised its position in UDR by 7.1% in the third quarter. Empowered Funds LLC now owns 5,246 shares of the real estate investment trust’s stock valued at $238,000 after purchasing an additional 350 shares during the period. Mather Group LLC. lifted its stake in UDR by 58.2% during 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 boosted its position in shares of UDR by 0.6% during the second quarter. Truist Financial Corp now owns 66,673 shares of the real estate investment trust’s stock worth $2,744,000 after buying an additional 414 shares during the period. Finally, TCV Trust & Wealth Management Inc. grew its stake in shares of UDR by 8.2% in the third 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 and hedge funds own 97.84% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages recently commented on UDR. Truist Financial raised 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. Wedbush lifted their price objective on shares of UDR from $45.00 to $49.00 and gave the company an “outperform” rating in a report on Monday, August 5th. Royal Bank of Canada reduced their target price on shares of UDR from $46.00 to $45.00 and set a “sector perform” rating on the stock in a report on Tuesday, November 5th. BNP Paribas started coverage on shares of UDR in a research note on Wednesday, September 11th. They issued an “outperform” rating and a $49.00 price target for the company. Finally, UBS Group increased their price objective on UDR from $48.00 to $52.00 and gave the company a “buy” rating in a research note on Thursday, September 12th. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $45.18.

UDR Stock Down 0.4 %

UDR stock opened at $44.34 on Thursday. The company has a current ratio of 5.91, a quick ratio of 5.91 and a debt-to-equity ratio of 1.69. The company’s 50-day moving average price is $44.60 and its 200 day moving average price is $42.23. UDR, Inc. has a 52 week low of $32.70 and a 52 week high of $47.55. The company has a market cap of $14.63 billion, a P/E ratio of 120.27, a P/E/G ratio of 12.30 and a beta of 0.85.

UDR Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, October 31st. Shareholders of record on Thursday, October 10th were issued a dividend of $0.425 per share. The ex-dividend date of this dividend was Thursday, October 10th. This represents a $1.70 annualized dividend and a yield of 3.83%. UDR’s dividend payout ratio (DPR) is currently 459.46%.

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.