Mutual of America Capital Management LLC Cuts Stock Position in UDR, Inc. (NYSE:UDR)

Mutual of America Capital Management LLC decreased its stake in shares of UDR, Inc. (NYSE:UDR) by 3.3% in the third quarter, Holdings Channel reports. The institutional investor owned 36,959 shares of the real estate investment trust’s stock after selling 1,250 shares during the quarter. Mutual of America Capital Management LLC’s holdings in UDR were worth $1,676,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of UDR. Natixis Advisors LLC increased its stake in UDR by 1.2% during the 3rd quarter. Natixis Advisors LLC now owns 228,641 shares of the real estate investment trust’s stock valued at $10,367,000 after purchasing an additional 2,642 shares in the last quarter. Mizuho Securities USA LLC increased its position in shares of UDR by 8,460.5% during the third quarter. Mizuho Securities USA LLC now owns 2,000,000 shares of the real estate investment trust’s stock valued at $90,680,000 after acquiring an additional 1,976,637 shares in the last quarter. Empowered Funds LLC raised its holdings in UDR by 7.1% in the 3rd quarter. Empowered Funds LLC now owns 5,246 shares of the real estate investment trust’s stock worth $238,000 after acquiring an additional 350 shares during the last quarter. CIBC Asset Management Inc lifted its position in UDR by 7.5% in the 3rd quarter. CIBC Asset Management Inc now owns 44,637 shares of the real estate investment trust’s stock valued at $2,024,000 after acquiring an additional 3,110 shares in the last quarter. Finally, Metis Global Partners LLC boosted its stake in UDR by 20.7% during the 3rd quarter. Metis Global Partners LLC now owns 40,713 shares of the real estate investment trust’s stock valued at $1,846,000 after purchasing an additional 6,976 shares during the last quarter. Hedge funds and other institutional investors own 97.84% of the company’s stock.

UDR Trading Up 1.1 %

UDR stock opened at $45.57 on Tuesday. 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, Inc. has a 12-month low of $32.85 and a 12-month high of $47.55. The firm has a market capitalization of $15.04 billion, a price-to-earnings ratio of 123.17, a P/E/G ratio of 12.51 and a beta of 0.85. The firm has a 50 day moving average of $44.47 and a 200 day moving average of $42.40.

UDR Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, October 31st. Investors of record on Thursday, October 10th were paid a dividend of $0.425 per share. This represents a $1.70 dividend on an annualized basis and a dividend yield of 3.73%. The ex-dividend date of this dividend was Thursday, October 10th. UDR’s dividend payout ratio (DPR) is 459.47%.

Analyst Ratings Changes

A number of research analysts have recently issued reports on UDR shares. BNP Paribas began coverage on UDR in a report on Wednesday, September 11th. They set an “outperform” rating and a $49.00 price target on the stock. Wedbush raised their price target on shares of UDR from $45.00 to $49.00 and gave the company an “outperform” rating in a report on Monday, August 5th. Scotiabank decreased their price objective on shares of UDR from $49.00 to $48.00 and set a “sector perform” rating for the company in a report on Thursday, November 14th. Piper Sandler raised their target price on shares of UDR from $40.00 to $46.00 and gave the stock a “neutral” rating in a report on Monday, August 26th. Finally, Evercore ISI boosted their target price on shares of UDR from $42.00 to $43.00 and gave the company an “in-line” rating in a research note on Monday, September 9th. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and eight have issued a buy rating to the company’s stock. According to data from MarketBeat.com, UDR presently has a consensus rating of “Hold” and a consensus target price 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.