Atlantic Union Bankshares Corp Sells 3,517 Shares of UDR, Inc. (NYSE:UDR)

Atlantic Union Bankshares Corp decreased its position in UDR, Inc. (NYSE:UDR) by 12.6% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 24,331 shares of the real estate investment trust’s stock after selling 3,517 shares during the period. Atlantic Union Bankshares Corp’s holdings in UDR were worth $1,103,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of UDR. Family Firm Inc. bought a new stake in shares of UDR during the second quarter valued at approximately $26,000. Activest Wealth Management acquired a new stake in UDR during the third quarter worth $27,000. UMB Bank n.a. bought a new stake in UDR in the 2nd quarter valued at $33,000. Brooklyn Investment Group acquired a new position in shares of UDR in the 3rd quarter valued at $33,000. Finally, Rothschild Investment LLC acquired a new position in shares of UDR in the 2nd quarter valued at $35,000. Institutional investors own 97.84% of the company’s stock.

Analyst Ratings Changes

Several research analysts recently issued reports on UDR shares. The Goldman Sachs Group assumed coverage on shares of UDR in a research report on Wednesday, September 4th. They issued a “sell” rating and a $42.00 price target for the company. Piper Sandler increased their target price on UDR from $40.00 to $46.00 and gave the stock a “neutral” rating in a report on Monday, August 26th. Deutsche Bank Aktiengesellschaft raised 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. Royal Bank of Canada lowered their price target on UDR from $46.00 to $45.00 and set a “sector perform” rating on the stock in a research report on Tuesday, November 5th. Finally, Wells Fargo & Company lifted their price objective on UDR from $41.00 to $48.00 and gave the company an “overweight” rating in a report on Monday, August 26th. Two analysts have rated the stock with a sell rating, eight have given a hold rating and eight have issued a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $45.18.

UDR Stock Down 1.0 %

NYSE:UDR opened at $45.85 on Friday. The company has a market cap of $15.13 billion, a price-to-earnings ratio of 123.92, a P/E/G ratio of 12.85 and a beta of 0.85. The company has a debt-to-equity ratio of 1.69, a quick ratio of 5.91 and a current ratio of 5.91. The stock’s fifty day moving average price is $44.47 and its two-hundred day moving average price is $42.55. UDR, Inc. has a 52-week low of $33.02 and a 52-week high of $47.55.

UDR Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, October 31st. Stockholders of record on Thursday, October 10th were paid a dividend of $0.425 per share. This represents a $1.70 annualized dividend and a dividend yield of 3.71%. The ex-dividend date was Thursday, October 10th. UDR’s dividend payout ratio (DPR) is presently 459.47%.

UDR 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.