Mutual of America Capital Management LLC Sells 1,250 Shares of UDR, Inc. (NYSE:UDR)

Mutual of America Capital Management LLC lowered its holdings in UDR, Inc. (NYSE:UDR) by 3.3% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 36,959 shares of the real estate investment trust’s stock after selling 1,250 shares during the period. Mutual of America Capital Management LLC’s holdings in UDR were worth $1,676,000 at the end of the most recent reporting period.

Other large investors have also recently modified their holdings of the company. Janus Henderson Group PLC lifted its holdings in shares of UDR by 21.1% during the 1st quarter. Janus Henderson Group PLC now owns 1,679,891 shares of the real estate investment trust’s stock worth $62,837,000 after acquiring an additional 292,848 shares during the last quarter. Tidal Investments LLC boosted its holdings in shares of UDR by 149.7% in the 1st quarter. Tidal Investments LLC now owns 27,921 shares of the real estate investment trust’s stock worth $1,045,000 after purchasing an additional 16,737 shares in the last quarter. iA Global Asset Management Inc. increased its position in shares of UDR by 5.1% during the 1st quarter. iA Global Asset Management Inc. now owns 46,325 shares of the real estate investment trust’s stock valued at $1,733,000 after purchasing an additional 2,250 shares during the last quarter. Virtu Financial LLC purchased a new position in shares of UDR during the 1st quarter valued at about $458,000. Finally, Swedbank AB bought a new stake in UDR in the 1st quarter worth approximately $1,607,000. Institutional investors own 97.84% of the company’s stock.

UDR Trading Up 1.1 %

Shares of UDR opened at $45.57 on Tuesday. UDR, Inc. has a 1-year low of $32.85 and a 1-year high of $47.55. The firm has a market capitalization of $15.04 billion, a price-to-earnings ratio of 123.17, a PEG ratio of 12.51 and a beta of 0.85. The firm’s 50-day moving average price is $44.47 and its 200-day moving average price is $42.40. The company has a current ratio of 5.91, a quick ratio of 5.91 and a debt-to-equity ratio of 1.69.

UDR Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, October 31st. Stockholders of record on Thursday, October 10th were given a $0.425 dividend. This represents a $1.70 dividend on an annualized basis and a dividend yield of 3.73%. The ex-dividend date was Thursday, October 10th. UDR’s dividend payout ratio is presently 459.47%.

Analyst Upgrades and Downgrades

UDR has been the subject of a number of recent research reports. Piper Sandler boosted their price objective on shares of UDR from $40.00 to $46.00 and gave the stock a “neutral” rating in a report on Monday, August 26th. The Goldman Sachs Group started coverage on shares of UDR in a research report on Wednesday, September 4th. They set a “sell” rating and a $42.00 price target for the company. StockNews.com downgraded UDR from a “hold” rating to a “sell” rating in a report on Tuesday, November 19th. JPMorgan Chase & Co. increased their target price on UDR from $43.00 to $50.00 and gave the company an “overweight” rating in a report on Monday, September 16th. Finally, Wedbush raised their price target on UDR from $45.00 to $49.00 and gave the stock an “outperform” rating in a research report on Monday, August 5th. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat, UDR has an average rating of “Hold” and a consensus price target of $45.18.

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.