Atria Investments Inc Has $1.17 Million Holdings in UDR, Inc. (NYSE:UDR)

Atria Investments Inc lessened its holdings in shares of UDR, Inc. (NYSE:UDR) by 9.2% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 25,692 shares of the real estate investment trust’s stock after selling 2,611 shares during the period. Atria Investments Inc’s holdings in UDR were worth $1,165,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently modified their holdings of the business. Harvest Portfolios Group Inc. lifted its holdings in shares of UDR by 172.1% during the third quarter. Harvest Portfolios Group Inc. now owns 34,663 shares of the real estate investment trust’s stock worth $1,572,000 after purchasing an additional 21,923 shares during the period. Intact Investment Management Inc. acquired a new position in UDR in the third quarter valued at $73,000. Robeco Institutional Asset Management B.V. lifted its holdings in UDR by 354.1% in the third quarter. Robeco Institutional Asset Management B.V. now owns 57,879 shares of the real estate investment trust’s stock valued at $2,624,000 after buying an additional 45,134 shares during the period. Van ECK Associates Corp lifted its holdings in UDR by 9.1% in the third quarter. Van ECK Associates Corp now owns 141,816 shares of the real estate investment trust’s stock valued at $6,341,000 after buying an additional 11,838 shares during the period. Finally, IRON Financial LLC acquired a new position in UDR in the third quarter valued at $778,000. Institutional investors and hedge funds own 97.84% of the company’s stock.

UDR Price Performance

UDR stock opened at $44.31 on Friday. The company has a market cap of $14.62 billion, a price-to-earnings ratio of 119.76, a PEG ratio of 12.55 and a beta of 0.85. The firm’s fifty day moving average is $44.63 and its 200 day moving average is $42.07. The company has a quick ratio of 5.91, a current ratio of 5.91 and a debt-to-equity ratio of 1.69. UDR, Inc. has a 52-week low of $32.37 and a 52-week high of $47.55.

UDR Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, October 31st. Stockholders of record on Thursday, October 10th were issued a $0.425 dividend. This represents a $1.70 dividend on an annualized basis and a dividend yield of 3.84%. The ex-dividend date of this dividend was Thursday, October 10th. UDR’s payout ratio is presently 459.46%.

Analysts Set New Price Targets

Several research firms recently issued reports on UDR. UBS Group boosted their target price on shares of UDR from $48.00 to $52.00 and gave the company a “buy” rating in a report on Thursday, September 12th. BNP Paribas assumed coverage on shares of UDR in a report on Wednesday, September 11th. They set an “outperform” rating and a $49.00 price objective on the stock. Piper Sandler upped 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 assumed coverage on shares of UDR in a report on Wednesday, September 4th. They set a “sell” rating and a $42.00 price objective on the stock. Finally, Royal Bank of Canada dropped their price objective on shares of UDR from $46.00 to $45.00 and set a “sector perform” rating on the stock in a report on Tuesday, November 5th. Two analysts have rated the stock with a sell rating, eight have given a hold rating and eight have given a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $45.18.

About UDR

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.