Stifel Financial Corp Cuts Position in UDR, Inc. (NYSE:UDR)

Stifel Financial Corp trimmed its holdings in shares of UDR, Inc. (NYSE:UDR) by 26.5% during the third quarter, HoldingsChannel reports. The institutional investor owned 9,194 shares of the real estate investment trust’s stock after selling 3,322 shares during the quarter. Stifel Financial Corp’s holdings in UDR were worth $417,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Activest Wealth Management acquired a new position in shares of UDR during the 3rd quarter valued at $27,000. UMB Bank n.a. purchased a new position in UDR in the second quarter valued at about $33,000. Brooklyn Investment Group acquired a new position in shares of UDR during the third quarter worth about $33,000. Rothschild Investment LLC purchased a new stake in shares of UDR in the second quarter worth about $35,000. Finally, Quest Partners LLC acquired a new stake in shares of UDR in the second quarter valued at about $37,000. 97.84% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities research analysts recently commented on UDR shares. Scotiabank dropped their target price on UDR from $49.00 to $48.00 and set a “sector perform” rating on the stock in a report on Thursday, November 14th. Deutsche Bank Aktiengesellschaft lifted their price objective on shares of UDR from $40.00 to $44.00 and gave the company a “hold” rating in a research note on Tuesday, September 10th. Barclays began coverage on shares of UDR in a research note on Tuesday, December 17th. They issued an “overweight” rating and a $50.00 target price for the company. UBS Group lifted their price target 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, Royal Bank of Canada cut their price objective 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. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $46.00.

UDR Stock Down 1.1 %

Shares of UDR stock opened at $43.41 on Friday. The business has a 50-day moving average price of $44.25 and a 200 day moving average price of $43.25. UDR, Inc. has a fifty-two week low of $34.19 and a fifty-two week high of $47.55. The firm has a market cap of $14.32 billion, a P/E ratio of 117.33, a P/E/G ratio of 12.34 and a beta of 0.87. 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 Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, January 31st. Stockholders of record on Thursday, January 9th will be issued a $0.425 dividend. The ex-dividend date is Thursday, January 9th. This represents a $1.70 dividend on an annualized basis and a dividend yield of 3.92%. UDR’s dividend payout ratio (DPR) is 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.