UDR, Inc. (NYSE:UDR) Sees Significant Increase in Short Interest

UDR, Inc. (NYSE:UDRGet Free Report) was the recipient of a significant increase in short interest during the month of January. As of January 31st, there was short interest totalling 6,070,000 shares, an increase of 77.5% from the January 15th total of 3,420,000 shares. Based on an average trading volume of 3,120,000 shares, the short-interest ratio is currently 1.9 days.

Analyst Ratings Changes

Several equities research analysts recently commented on UDR shares. Royal Bank of Canada dropped their price objective on UDR from $39.00 to $37.00 and set a “sector perform” rating on the stock in a research report on Monday, October 30th. Piper Sandler cut UDR from a “neutral” rating to an “underweight” rating and dropped their target price for the stock from $46.00 to $30.00 in a research report on Tuesday, October 31st. TheStreet cut UDR from a “b-” rating to a “c” rating in a research report on Thursday, October 26th. KeyCorp dropped their target price on UDR from $48.00 to $45.00 and set an “overweight” rating on the stock in a research report on Wednesday, December 13th. Finally, Deutsche Bank Aktiengesellschaft initiated coverage on UDR in a research report on Tuesday, January 30th. They issued a “hold” rating and a $40.00 target price on the stock. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and seven have issued a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $42.69.

Read Our Latest Report on UDR

UDR Price Performance

UDR traded up $0.34 on Monday, hitting $35.71. 1,386,644 shares of the company’s stock traded hands, compared to its average volume of 3,335,004. The company’s 50 day simple moving average is $37.04 and its 200-day simple moving average is $36.60. The firm has a market cap of $11.75 billion, a price-to-earnings ratio of 26.40, a P/E/G ratio of 2.37 and a beta of 0.81. UDR has a one year low of $30.95 and a one year high of $45.46. The company has a current ratio of 1.12, a quick ratio of 5.43 and a debt-to-equity ratio of 1.47.

UDR Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, January 31st. Shareholders of record on Wednesday, January 10th were issued a dividend of $0.42 per share. This represents a $1.68 annualized dividend and a yield of 4.70%. The ex-dividend date of this dividend was Tuesday, January 9th. UDR’s dividend payout ratio is presently 125.37%.

Insider Transactions at UDR

In related news, CEO Thomas W. Toomey sold 45,000 shares of the stock in a transaction on Tuesday, December 26th. The stock was sold at an average price of $37.90, for a total transaction of $1,705,500.00. Following the sale, the chief executive officer now directly owns 939,716 shares of the company’s stock, valued at $35,615,236.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Insiders own 3.41% of the company’s stock.

Hedge Funds Weigh In On UDR

Institutional investors have recently added to or reduced their stakes in the company. Clear Street Markets LLC grew its holdings in UDR by 96.1% during the 1st quarter. Clear Street Markets LLC now owns 606 shares of the real estate investment trust’s stock valued at $25,000 after buying an additional 297 shares in the last quarter. Principal Securities Inc. purchased a new position in shares of UDR in the 4th quarter worth approximately $26,000. Quest Partners LLC purchased a new position in shares of UDR in the 4th quarter worth approximately $27,000. International Assets Investment Management LLC purchased a new position in shares of UDR in the 3rd quarter worth approximately $35,000. Finally, Parkside Financial Bank & Trust boosted its holdings in shares of UDR by 225.7% in the 3rd quarter. Parkside Financial Bank & Trust now owns 1,088 shares of the real estate investment trust’s stock worth $39,000 after purchasing an additional 754 shares during the period. Hedge funds and other institutional investors own 91.68% of the company’s stock.

UDR Company Profile

(Get Free Report)

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.

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