Sun Sep 15 15:55:10 UTC 2024: ## HBK Sorce Advisory LLC Sells Off UDR Shares, Institutional Interest Remains High

**New York, NY – September 15, 2024** – HBK Sorce Advisory LLC, a prominent investment firm, reduced its stake in UDR, Inc. (NYSE:UDR) by 4.7% during the second quarter, according to the firm’s latest Form 13F filing with the SEC. This move follows a broader trend of institutional investors adjusting their holdings in the real estate investment trust.

Despite the trimming, UDR remains a popular choice among investors. 97.84% of UDR’s stock is owned by hedge funds and other institutional investors, suggesting strong confidence in the company. Several other hedge funds have either acquired new stakes in UDR or increased their existing holdings in recent quarters.

UDR opened at $47.13 on Friday, continuing its upward trend. The company’s financial performance appears solid, with a healthy quick ratio and current ratio, indicating ample liquidity. However, the debt-to-equity ratio of 1.57 suggests a reliance on debt financing.

Analysts remain divided on UDR’s future prospects. While Truist Financial and BMO Capital Markets have raised their price targets and issued “buy” and “outperform” ratings, respectively, Royal Bank of Canada lowered its target price.

Overall, UDR’s stock currently holds a “Hold” rating with an average price target of $43.67, according to data from MarketBeat.com. The company’s strong fundamentals and continued institutional interest position it as a potential investment opportunity, though investors should be aware of the mixed analyst sentiment.

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