Sanctuary Advisors LLC Trims Position in UDR, Inc. (NYSE:UDR)

Sanctuary Advisors LLC cut its holdings in shares of UDR, Inc. (NYSE:UDR) by 36.2% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 8,202 shares of the real estate investment trust’s stock after selling 4,658 shares during the period. Sanctuary Advisors LLC’s holdings in UDR were worth $370,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. Activest Wealth Management purchased a new position in shares of UDR during the third quarter valued at approximately $27,000. UMB Bank n.a. purchased a new position in shares of UDR during the second quarter valued at approximately $33,000. Brooklyn Investment Group purchased a new position in shares of UDR during the third quarter valued at approximately $33,000. Rothschild Investment LLC purchased a new position in shares of UDR during the second quarter valued at approximately $35,000. Finally, Quest Partners LLC purchased a new position in shares of UDR during the second quarter valued at approximately $37,000. 97.84% of the stock is owned by hedge funds and other institutional investors.

UDR Stock Performance

NYSE:UDR opened at $43.41 on Friday. The company has a debt-to-equity ratio of 1.69, a current ratio of 5.91 and a quick ratio of 5.91. UDR, Inc. has a 1 year low of $34.19 and a 1 year high of $47.55. The stock’s 50 day simple moving average is $44.25 and its two-hundred day simple moving average is $43.25. The company has a market cap of $14.32 billion, a price-to-earnings ratio of 117.33, a PEG ratio of 12.34 and a beta of 0.87.

UDR Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 31st. Shareholders of record on Thursday, January 9th will be paid a $0.425 dividend. This represents a $1.70 dividend on an annualized basis and a yield of 3.92%. The ex-dividend date is Thursday, January 9th. UDR’s payout ratio is 459.46%.

Wall Street Analysts Forecast Growth

UDR has been the topic of several recent research reports. Scotiabank reduced their price target on UDR from $49.00 to $48.00 and set a “sector perform” rating on the stock in a research note on Thursday, November 14th. StockNews.com raised UDR from a “sell” rating to a “hold” rating in a research note on Saturday, December 21st. JPMorgan Chase & Co. upped their price target on UDR from $43.00 to $50.00 and gave the stock an “overweight” rating in a research note on Monday, September 16th. Royal Bank of Canada reduced their price target 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. Finally, Evercore ISI upped their price target on UDR from $42.00 to $43.00 and gave the stock an “in-line” rating in a research note on Monday, September 9th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $46.00.

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.