UDR, Inc. (NYSE:UDR) Sees Significant Decrease in Short Interest

UDR, Inc. (NYSE:UDR - Get Free Report) saw a large decrease in short interest in April. As of April 30th, there was short interest totalling 4,870,000 shares, a decrease of 17.2% from the April 15th total of 5,880,000 shares. Based on an average daily volume of 2,850,000 shares, the short-interest ratio is currently 1.7 days.

Analysts Set New Price Targets

A number of equities research analysts recently commented on the stock. Wedbush upped their price target on shares of UDR from $40.00 to $45.00 and gave the company an "outperform" rating in a report on Monday, May 6th. Barclays lowered shares of 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 upgraded 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 report on Wednesday, April 10th. UBS Group upgraded UDR from a "neutral" rating to a "buy" rating and increased their price objective for the stock from $38.00 to $44.00 in a report on Thursday, April 25th. Finally, Deutsche Bank Aktiengesellschaft initiated coverage on UDR in a research note on Tuesday, January 30th. They set a "hold" rating and a $40.00 target price on the stock. Twelve analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus price target of $41.72.

Insider Activity at UDR

In other news, SVP Michael D. Lacy sold 4,500 shares of the firm's stock in a transaction dated Friday, May 10th. The stock was sold at an average price of $38.17, for a total transaction of $171,765.00. Following the transaction, the senior vice president now directly owns 8,566 shares of the company's stock, valued at $326,964.22. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 3.73% of the stock is owned by insiders.

Institutional Investors Weigh In On UDR

Hedge funds have recently added to or reduced their stakes in the stock. Principal Securities Inc. purchased a new position in shares of UDR in the 4th quarter worth about $26,000. Fidelis Capital Partners LLC bought a new position in shares of UDR in the first quarter worth approximately $26,000. Quest Partners LLC bought a new position in shares of UDR in the fourth quarter worth approximately $27,000. Parkside Financial Bank & Trust grew its holdings in shares of UDR by 225.7% during the third quarter. Parkside Financial Bank & Trust now owns 1,088 shares of the real estate investment trust's stock valued at $39,000 after buying an additional 754 shares during the last quarter. Finally, Livforsakringsbolaget Skandia Omsesidigt increased its position in shares of UDR by 87.3% during the fourth quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 1,435 shares of the real estate investment trust's stock valued at $55,000 after acquiring an additional 669 shares in the last quarter. 97.84% of the stock is owned by institutional investors.

UDR Stock Up 0.2 %

Shares of NYSE UDR traded up $0.08 on Monday, reaching $39.12. 1,685,847 shares of the company's stock traded hands, compared to its average volume of 2,961,591. The business's 50 day simple moving average is $37.27 and its two-hundred day simple moving average is $36.17. UDR has a 12 month low of $30.95 and a 12 month high of $44.02. The company has a market cap of $12.88 billion, a price-to-earnings ratio of 28.35, a price-to-earnings-growth ratio of 2.98 and a beta of 0.79. The company has a quick ratio of 6.61, a current ratio of 6.61 and a debt-to-equity ratio of 1.49.

UDR Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, April 30th. Shareholders of record on Wednesday, April 10th were paid a dividend of $0.425 per share. This is a boost from UDR's previous quarterly dividend of $0.42. The ex-dividend date was Tuesday, April 9th. This represents a $1.70 dividend on an annualized basis and a yield of 4.35%. UDR's payout ratio is presently 123.19%.

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.