UDR, Inc. (NYSE:UDR) Short Interest Down 20.4% in November

UDR, Inc. (NYSE:UDR) was the target of a significant drop in short interest in November. As of November 30th, there was short interest totalling 4,670,000 shares, a drop of 20.4% from the November 15th total of 5,870,000 shares. Based on an average daily trading volume, of 2,070,000 shares, the days-to-cover ratio is currently 2.3 days.

Hedge Funds Weigh In On UDR

Large investors have recently bought and sold shares of the business. CWM LLC boosted its holdings in shares of UDR by 10.0% during the third quarter. CWM LLC now owns 3,802 shares of the real estate investment trust’s stock valued at $172,000 after acquiring an additional 347 shares during the period. Empowered Funds LLC lifted its position 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 valued at $238,000 after purchasing an additional 350 shares during the last quarter. Mather Group LLC. boosted its stake in UDR by 58.2% during the 3rd quarter. Mather Group LLC. now owns 998 shares of the real estate investment trust’s stock valued at $45,000 after purchasing an additional 367 shares during the period. Truist Financial Corp grew its position in UDR by 0.6% in the 2nd quarter. Truist Financial Corp now owns 66,673 shares of the real estate investment trust’s stock worth $2,744,000 after purchasing an additional 414 shares during the last quarter. Finally, TCV Trust & Wealth Management Inc. increased its stake in shares of UDR by 8.2% in the third quarter. TCV Trust & Wealth Management Inc. now owns 5,589 shares of the real estate investment trust’s stock valued at $253,000 after purchasing an additional 424 shares during the period. Institutional investors own 97.84% of the company’s stock.

UDR Stock Performance

UDR stock traded up $0.27 during mid-day trading on Monday, reaching $44.74. The company’s stock had a trading volume of 1,637,425 shares, compared to its average volume of 2,428,553. The firm has a market cap of $14.76 billion, a price-to-earnings ratio of 120.19, a PEG ratio of 12.34 and a beta of 0.87. UDR has a twelve month low of $34.19 and a twelve month high of $47.55. The business has a 50 day moving average price of $44.37 and a 200-day moving average price of $43.00. 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 Announces Dividend

The firm also recently disclosed 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. The ex-dividend date of this dividend was Thursday, October 10th. This represents a $1.70 annualized dividend and a yield of 3.80%. UDR’s dividend payout ratio (DPR) is 459.47%.

Wall Street Analysts Forecast Growth

UDR has been the topic of several analyst reports. The Goldman Sachs Group assumed coverage on shares of UDR in a research note on Wednesday, September 4th. They set a “sell” rating and a $42.00 price target on the stock. Truist Financial lifted their target price on shares of UDR from $44.00 to $47.00 and gave the stock a “buy” rating in a research note on Monday, August 26th. Evercore ISI increased 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. Wells Fargo & Company lifted their price objective on UDR from $41.00 to $48.00 and gave the company an “overweight” rating in a research report on Monday, August 26th. Finally, Deutsche Bank Aktiengesellschaft increased their target price on UDR from $40.00 to $44.00 and gave the stock a “hold” rating in a research report on Tuesday, September 10th. One research analyst has rated the stock with a sell rating, nine have given a hold rating and seven have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $45.19.

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.