UDR, Inc. (NYSE:UDR) Short Interest Update

UDR, Inc. (NYSE:UDR) saw a large drop in short interest in April. As of April 15th, there was short interest totalling 5,880,000 shares, a drop of 21.8% from the March 31st total of 7,520,000 shares. Based on an average daily volume of 2,910,000 shares, the days-to-cover ratio is presently 2.0 days.

Institutional Trading of UDR

Institutional investors and hedge funds have recently made changes to their positions in the business. Telos Capital Management Inc. raised its position in shares of UDR by 1.6% in the 1st quarter. Telos Capital Management Inc. now owns 34,759 shares of the real estate investment trust’s stock valued at $1,300,000 after acquiring an additional 547 shares during the period. Fifth Third Bancorp raised its stake in UDR by 4.8% during the 1st quarter. Fifth Third Bancorp now owns 18,974 shares of the real estate investment trust’s stock worth $710,000 after buying an additional 869 shares during the period. State of Alaska Department of Revenue lifted its holdings in UDR by 0.3% during the first quarter. State of Alaska Department of Revenue now owns 189,355 shares of the real estate investment trust’s stock worth $7,083,000 after acquiring an additional 551 shares in the last quarter. Sumitomo Mitsui Trust Holdings Inc. grew its stake in UDR by 28.0% in the first quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 2,342,825 shares of the real estate investment trust’s stock valued at $87,645,000 after acquiring an additional 512,388 shares during the period. Finally, Integrity Wealth Solutions LLC increased its holdings in shares of UDR by 8.2% in the first quarter. Integrity Wealth Solutions LLC now owns 6,409 shares of the real estate investment trust’s stock worth $240,000 after acquiring an additional 484 shares in the last quarter. Institutional investors own 97.84% of the company’s stock.

UDR Trading Down 0.2 %

UDR traded down $0.06 during mid-day trading on Friday, reaching $37.91. The stock had a trading volume of 2,117,561 shares, compared to its average volume of 2,635,260. The stock has a market capitalization of $12.48 billion, a P/E ratio of 28.29, a P/E/G ratio of 3.04 and a beta of 0.80. UDR has a 52 week low of $30.95 and a 52 week high of $44.02. The company has a debt-to-equity ratio of 1.47, a quick ratio of 5.15 and a current ratio of 5.15. The firm’s fifty day simple moving average is $36.73 and its two-hundred day simple moving average is $35.96.

UDR Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 30th. Shareholders of record on Wednesday, April 10th will be paid a $0.425 dividend. The ex-dividend date is Tuesday, April 9th. This is a boost from UDR’s previous quarterly dividend of $0.42. This represents a $1.70 dividend on an annualized basis and a yield of 4.48%. UDR’s dividend payout ratio (DPR) is presently 126.87%.

Analysts Set New Price Targets

Several brokerages have issued reports on UDR. Mizuho lowered their price target on shares of UDR from $38.00 to $35.00 and set a “neutral” rating on the stock in a report on Wednesday, February 28th. Truist Financial decreased their price objective on UDR from $45.00 to $42.00 and set a “buy” rating on the stock in a report on Tuesday, April 9th. Barclays cut UDR from an “overweight” rating to an “equal weight” rating and dropped their target price for the stock from $46.00 to $37.00 in a report on Tuesday, February 20th. Piper Sandler raised UDR from an “underweight” rating to a “neutral” rating and boosted their price target for the company from $34.00 to $40.00 in a research note on Wednesday, April 10th. Finally, UBS Group raised UDR from a “neutral” rating to a “buy” rating and lifted their price objective for the company from $38.00 to $44.00 in a report on Thursday. Eleven equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $41.83.

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.