Centiva Capital LP Sells 70,048 Shares of UDR, Inc. (NYSE:UDR)

Centiva Capital LP reduced its stake in UDR, Inc. (NYSE:UDR) by 91.1% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 6,850 shares of the real estate investment trust’s stock after selling 70,048 shares during the period. Centiva Capital LP’s holdings in UDR were worth $311,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Chevy Chase Trust Holdings LLC increased its stake in UDR by 171.1% in the third quarter. Chevy Chase Trust Holdings LLC now owns 448,416 shares of the real estate investment trust’s stock valued at $20,331,000 after purchasing an additional 283,029 shares in the last quarter. Paloma Partners Management Co bought a new stake in UDR in the third quarter valued at $608,000. Edgestream Partners L.P. increased its stake in UDR by 58.0% in the third quarter. Edgestream Partners L.P. now owns 66,994 shares of the real estate investment trust’s stock valued at $3,038,000 after purchasing an additional 24,596 shares in the last quarter. Vinva Investment Management Ltd increased its stake in UDR by 50.6% in the third quarter. Vinva Investment Management Ltd now owns 17,657 shares of the real estate investment trust’s stock valued at $794,000 after purchasing an additional 5,935 shares in the last quarter. Finally, Public Sector Pension Investment Board increased its stake in UDR by 24.7% in the third quarter. Public Sector Pension Investment Board now owns 52,208 shares of the real estate investment trust’s stock valued at $2,367,000 after purchasing an additional 10,349 shares in the last quarter. 97.84% of the stock is owned by institutional investors.

UDR Stock Performance

Shares of UDR stock opened at $44.52 on Wednesday. The firm has a market cap of $14.69 billion, a price-to-earnings ratio of 120.32, a P/E/G ratio of 12.44 and a beta of 0.87. The company has a debt-to-equity ratio of 1.69, a quick ratio of 5.91 and a current ratio of 5.91. UDR, Inc. has a 52 week low of $34.19 and a 52 week high of $47.55. The firm’s 50-day simple moving average is $44.39 and its two-hundred day simple moving average is $42.82.

UDR Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, October 31st. Shareholders of record on Thursday, October 10th were given a $0.425 dividend. This represents a $1.70 annualized dividend and a yield of 3.82%. The ex-dividend date of this dividend was Thursday, October 10th. UDR’s dividend payout ratio is 459.46%.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on UDR shares. Deutsche Bank Aktiengesellschaft lifted their price objective on shares of UDR from $40.00 to $44.00 and gave the company a “hold” rating in a report on Tuesday, September 10th. UBS Group lifted their price objective on shares of UDR from $48.00 to $52.00 and gave the company a “buy” rating in a report on Thursday, September 12th. Piper Sandler lifted their price objective on shares of UDR from $40.00 to $46.00 and gave the company a “neutral” rating in a report on Monday, August 26th. The Goldman Sachs Group started coverage on shares of UDR in a report on Wednesday, September 4th. They set a “sell” rating and a $42.00 price objective for the company. Finally, Scotiabank reduced 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. Two analysts have rated the stock with a sell rating, eight have issued a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat, UDR has an average rating of “Hold” and an average target price of $45.18.

UDR 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.