Quadrant Capital Group LLC Sells 289 Shares of UDR, Inc. (NYSE:UDR)

Quadrant Capital Group LLC decreased its stake in UDR, Inc. (NYSE:UDRGet Rating) by 9.6% in the 1st quarter, Holdings Channel.com reports. The firm owned 2,722 shares of the real estate investment trust’s stock after selling 289 shares during the quarter. Quadrant Capital Group LLC’s holdings in UDR were worth $156,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Envestnet Asset Management Inc. lifted its stake in UDR by 12.7% in the 4th quarter. Envestnet Asset Management Inc. now owns 123,151 shares of the real estate investment trust’s stock valued at $7,388,000 after purchasing an additional 13,842 shares during the last quarter. Louisiana State Employees Retirement System lifted its stake in UDR by 3.8% in the 1st quarter. Louisiana State Employees Retirement System now owns 18,900 shares of the real estate investment trust’s stock valued at $1,116,000 after purchasing an additional 700 shares during the last quarter. Maryland State Retirement & Pension System lifted its stake in UDR by 3.7% in the 1st quarter. Maryland State Retirement & Pension System now owns 24,475 shares of the real estate investment trust’s stock valued at $1,404,000 after purchasing an additional 875 shares during the last quarter. Cookson Peirce & Co. Inc. lifted its stake in UDR by 25.3% in the 1st quarter. Cookson Peirce & Co. Inc. now owns 6,924 shares of the real estate investment trust’s stock valued at $397,000 after purchasing an additional 1,396 shares during the last quarter. Finally, Guggenheim Capital LLC lifted its stake in UDR by 17.3% in the 4th quarter. Guggenheim Capital LLC now owns 147,363 shares of the real estate investment trust’s stock valued at $8,840,000 after purchasing an additional 21,692 shares during the last quarter. Institutional investors own 96.39% of the company’s stock.

UDR Trading Up 0.2 %

NYSE:UDR opened at $46.76 on Friday. The company has a current ratio of 3.45, a quick ratio of 3.45 and a debt-to-equity ratio of 1.44. The stock has a market capitalization of $15.19 billion, a price-to-earnings ratio of 97.42, a PEG ratio of 3.03 and a beta of 0.75. The firm has a fifty day simple moving average of $45.73 and a two-hundred day simple moving average of $51.75. UDR, Inc. has a 12 month low of $42.00 and a 12 month high of $61.06.

UDR Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, August 1st. Shareholders of record on Monday, July 11th were issued a $0.38 dividend. This represents a $1.52 dividend on an annualized basis and a yield of 3.25%. The ex-dividend date was Friday, July 8th. UDR’s payout ratio is 316.67%.

Analyst Ratings Changes

Several equities analysts have issued reports on UDR shares. Evercore ISI set a $54.00 price target on shares of UDR in a research report on Monday, June 20th. Mizuho decreased their price target on shares of UDR from $60.00 to $48.00 and set a “buy” rating for the company in a research report on Monday, June 27th. Morgan Stanley decreased their price target on shares of UDR from $51.00 to $47.00 and set an “equal weight” rating for the company in a research report on Friday, July 15th. Credit Suisse Group started coverage on shares of UDR in a research report on Wednesday, June 22nd. They issued an “outperform” rating and a $50.00 price target for the company. Finally, Piper Sandler decreased their price target on shares of UDR from $50.00 to $48.00 and set a “neutral” rating for the company in a research report on Wednesday, July 20th. Five equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. Based on data from MarketBeat.com, UDR presently has an average rating of “Moderate Buy” and an average price target of $55.24.

UDR Profile

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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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Institutional Ownership by Quarter for UDR (NYSE:UDR)

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