Stifel Financial Corp Reduces Stake in UDR, Inc. (NYSE:UDR)

Stifel Financial Corp trimmed its position in shares of UDR, Inc. (NYSE:UDR) by 26.5% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. 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 reporting period.

Other institutional investors also recently bought and sold shares of the company. Panagora Asset Management Inc. raised its stake in shares of UDR by 10.2% during the 2nd quarter. Panagora Asset Management Inc. now owns 24,190 shares of the real estate investment trust’s stock worth $995,000 after buying an additional 2,241 shares during the last quarter. UMB Bank n.a. acquired a new position in UDR during the second quarter worth about $33,000. Principal Financial Group Inc. lifted its holdings in shares of UDR by 1.7% in the second quarter. Principal Financial Group Inc. now owns 369,170 shares of the real estate investment trust’s stock valued at $15,191,000 after purchasing an additional 6,253 shares in the last quarter. Atlas Capital Advisors LLC acquired a new stake in shares of UDR in the second quarter valued at approximately $108,000. Finally, Sumitomo Mitsui DS Asset Management Company Ltd increased its stake in shares of UDR by 3.6% during the 2nd quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 86,275 shares of the real estate investment trust’s stock worth $3,550,000 after purchasing an additional 2,986 shares in the last quarter. 97.84% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research firms recently issued reports on UDR. Royal Bank of Canada reduced their target price on UDR from $46.00 to $45.00 and set a “sector perform” rating on the stock in a research note on Tuesday, November 5th. Scotiabank reduced their price objective on UDR from $49.00 to $48.00 and set a “sector perform” rating on the stock in a research report on Thursday, November 14th. Deutsche Bank Aktiengesellschaft increased their price objective on UDR from $40.00 to $44.00 and gave the company a “hold” rating in a research note on Tuesday, September 10th. StockNews.com upgraded shares of UDR from a “sell” rating to a “hold” rating in a report on Saturday, December 21st. Finally, Evercore ISI raised their price target on shares of UDR from $42.00 to $43.00 and gave the stock an “in-line” rating in a research note on Monday, September 9th. One research analyst has rated the stock with a sell rating, eight have given a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $46.00.

UDR Stock Down 1.1 %

Shares of UDR opened at $43.41 on Friday. UDR, Inc. has a fifty-two week low of $34.19 and a fifty-two week high of $47.55. The company’s fifty day moving average is $44.25 and its two-hundred day moving average is $43.25. The firm has a market cap of $14.32 billion, a PE ratio of 117.33, a price-to-earnings-growth 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 announced a quarterly dividend, which will be paid on Friday, January 31st. Investors of record on Thursday, January 9th will be issued a $0.425 dividend. This represents a $1.70 dividend on an annualized basis and a yield of 3.92%. The ex-dividend date of this dividend is Thursday, January 9th. UDR’s payout ratio is currently 459.46%.

About UDR

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.