UDR, Inc. (NYSE:UDR) Shares Sold by Jane Street Group LLC

Jane Street Group LLC trimmed its holdings in shares of UDR, Inc. (NYSE:UDR - Free Report) by 96.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 10,391 shares of the real estate investment trust's stock after selling 284,657 shares during the period. Jane Street Group LLC's holdings in UDR were worth $451,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of UDR. Smartleaf Asset Management LLC grew its stake in shares of UDR by 68.7% in the fourth quarter. Smartleaf Asset Management LLC now owns 1,206 shares of the real estate investment trust's stock worth $52,000 after purchasing an additional 491 shares in the last quarter. Catalyst Capital Advisors LLC acquired a new position in shares of UDR during the 4th quarter worth about $63,000. Crews Bank & Trust bought a new position in UDR during the fourth quarter worth $76,000. Wingate Wealth Advisors Inc. bought a new stake in shares of UDR in the 4th quarter worth approximately $87,000. Finally, Atlas Capital Advisors Inc. acquired a new position in shares of UDR in the 4th quarter valued at $114,000. 97.84% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research analysts recently weighed in on the stock. Evercore ISI boosted their price objective on shares of UDR from $43.00 to $45.00 and gave the stock an "in-line" rating in a research report on Monday, February 10th. Wall Street Zen upgraded UDR from a "sell" rating to a "hold" rating in a research note on Thursday, February 6th. Truist Financial lowered shares of UDR from a "buy" rating to a "hold" rating and upped their price target for the company from $45.00 to $46.00 in a research note on Monday, March 10th. Zelman & Associates reaffirmed a "neutral" rating on shares of UDR in a research report on Thursday, February 13th. Finally, Mizuho decreased their target price on shares of UDR from $45.00 to $41.00 and set a "neutral" rating on the stock in a research note on Friday, May 23rd. One analyst has rated the stock with a sell rating, ten have issued a hold rating and seven have assigned a buy rating to the company. According to MarketBeat, the stock has a consensus rating of "Hold" and a consensus price target of $46.44.

UDR Stock Down 0.1%

Shares of UDR stock traded down $0.05 on Wednesday, hitting $41.04. The stock had a trading volume of 334,554 shares, compared to its average volume of 2,206,192. The company has a market cap of $13.60 billion, a PE ratio of 164.16, a P/E/G ratio of 8.67 and a beta of 0.84. The business has a 50 day moving average price of $41.53 and a 200 day moving average price of $42.70. UDR, Inc. has a one year low of $36.61 and a one year high of $47.55. The company has a quick ratio of 5.91, a current ratio of 5.61 and a debt-to-equity ratio of 1.71.

UDR (NYSE:UDR - Get Free Report) last released its earnings results on Wednesday, April 30th. The real estate investment trust reported $0.61 earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of $0.61. The business had revenue of $419.84 million during the quarter, compared to analyst estimates of $421.23 million. UDR had a net margin of 5.36% and a return on equity of 2.65%. The company's revenue for the quarter was up 2.0% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.61 earnings per share. Research analysts anticipate that UDR, Inc. will post 2.51 earnings per share for the current fiscal year.

UDR Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, April 30th. Stockholders of record on Thursday, April 10th were paid a dividend of $0.43 per share. This represents a $1.72 dividend on an annualized basis and a dividend yield of 4.19%. This is a positive change from UDR's previous quarterly dividend of $0.43. The ex-dividend date of this dividend was Thursday, April 10th. UDR's payout ratio is 491.43%.

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.