Sanctuary Advisors LLC Reduces Stock Holdings in UDR, Inc. (NYSE:UDR)

Sanctuary Advisors LLC decreased its stake in UDR, Inc. (NYSE:UDR) by 36.2% in the third quarter, Holdings Channel.com reports. 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 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. Unigestion Holding SA purchased a new position in shares of UDR in the 3rd quarter worth approximately $533,000. Toronto Dominion Bank boosted its holdings in UDR by 68.4% during the 3rd quarter. Toronto Dominion Bank now owns 149,826 shares of the real estate investment trust’s stock valued at $6,793,000 after acquiring an additional 60,839 shares during the period. Continuum Advisory LLC boosted its holdings in UDR by 5,335.3% during the 3rd quarter. Continuum Advisory LLC now owns 924 shares of the real estate investment trust’s stock valued at $41,000 after acquiring an additional 907 shares during the period. Worldquant Millennium Advisors LLC purchased a new position in UDR during the 3rd quarter valued at $5,427,000. Finally, Quarry LP boosted its holdings in UDR by 921.9% during the 3rd quarter. Quarry LP now owns 10,423 shares of the real estate investment trust’s stock valued at $473,000 after acquiring an additional 9,403 shares during the period. Hedge funds and other institutional investors own 97.84% of the company’s stock.

UDR Stock Down 1.1 %

UDR stock opened at $43.41 on Friday. The company has a debt-to-equity ratio of 1.69, a quick ratio of 5.91 and a current ratio of 5.91. The business’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 PE ratio of 117.33, a PEG ratio of 12.34 and a beta of 0.87. UDR, Inc. has a fifty-two week low of $34.19 and a fifty-two week high of $47.55.

UDR Announces Dividend

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

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on UDR. Barclays began coverage on UDR in a report on Tuesday, December 17th. They set an “overweight” rating and a $50.00 price objective for the company. UBS Group boosted their price objective on UDR from $48.00 to $52.00 and gave the company a “buy” rating in a report on Thursday, September 12th. JPMorgan Chase & Co. boosted their price objective on UDR from $43.00 to $50.00 and gave the company an “overweight” rating in a report on Monday, September 16th. Deutsche Bank Aktiengesellschaft lifted their target price on UDR from $40.00 to $44.00 and gave the company a “hold” rating in a research report on Tuesday, September 10th. Finally, Scotiabank decreased their target price on UDR from $49.00 to $48.00 and set a “sector perform” rating for the company in a research report on Thursday, November 14th. One research 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 has a consensus rating of “Hold” and a consensus target price of $46.00.

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.