UDR, Inc. (NYSE:UDR) Stock Position Cut by Victory Capital Management Inc.

Victory Capital Management Inc. lessened its stake in UDR, Inc. (NYSE:UDR) by 4.7% in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 95,653 shares of the real estate investment trust’s stock after selling 4,710 shares during the period. Victory Capital Management Inc.’s holdings in UDR were worth $3,936,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Vanguard Group Inc. lifted its stake in UDR by 0.5% during the first quarter. Vanguard Group Inc. now owns 51,063,214 shares of the real estate investment trust’s stock valued at $1,910,275,000 after buying an additional 233,475 shares in the last quarter. Cohen & Steers Inc. lifted its stake in UDR by 3.8% during the fourth quarter. Cohen & Steers Inc. now owns 26,775,574 shares of the real estate investment trust’s stock valued at $1,025,351,000 after buying an additional 984,807 shares in the last quarter. Centersquare Investment Management LLC lifted its stake in UDR by 17.7% during the first quarter. Centersquare Investment Management LLC now owns 9,550,638 shares of the real estate investment trust’s stock valued at $363,688,000 after buying an additional 1,433,463 shares in the last quarter. Daiwa Securities Group Inc. lifted its stake in UDR by 22.3% during the first quarter. Daiwa Securities Group Inc. now owns 7,467,881 shares of the real estate investment trust’s stock valued at $279,373,000 after buying an additional 1,359,804 shares in the last quarter. Finally, Capital Research Global Investors purchased a new stake in UDR during the first quarter valued at about $176,137,000. Institutional investors own 97.84% of the company’s stock.

UDR Price Performance

NYSE UDR opened at $46.98 on Tuesday. The business has a 50 day simple moving average of $42.50 and a 200 day simple moving average of $39.84. UDR, Inc. has a 52-week low of $30.95 and a 52-week high of $47.55. The company has a debt-to-equity ratio of 1.57, a quick ratio of 5.82 and a current ratio of 5.82. The stock has a market cap of $15.47 billion, a price-to-earnings ratio of 34.04, a PEG ratio of 10.21 and a beta of 0.85.

UDR (NYSE:UDR) last posted its earnings results on Tuesday, July 30th. The real estate investment trust reported $0.08 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.61 by ($0.53). UDR had a return on equity of 3.70% and a net margin of 8.34%. The business had revenue of $415.30 million for the quarter, compared to the consensus estimate of $413.75 million. During the same period in the previous year, the company posted $0.61 earnings per share. UDR’s revenue for the quarter was up 2.7% compared to the same quarter last year. Analysts anticipate that UDR, Inc. will post 2.46 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on UDR. Evercore ISI increased their price target on shares of UDR from $42.00 to $43.00 and gave the stock an “in-line” rating in a research report on Monday, September 9th. Scotiabank increased their price target on shares of UDR from $45.00 to $49.00 and gave the stock a “sector perform” rating in a research report on Monday. UBS Group increased their price target on shares of UDR from $48.00 to $52.00 and gave the stock a “buy” rating in a research report on Thursday, September 12th. JPMorgan Chase & Co. increased their price target on shares of UDR from $43.00 to $50.00 and gave the stock an “overweight” rating in a research report on Monday. Finally, Deutsche Bank Aktiengesellschaft increased their price target on shares of UDR from $40.00 to $44.00 and gave the stock a “hold” rating in a research report on Tuesday, September 10th. One analyst has rated the stock with a sell rating, ten have issued a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $44.28.

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.