Dimensional Fund Advisors LP Boosts Position in UDR, Inc. (NYSE:UDR)

Dimensional Fund Advisors LP boosted its holdings in UDR, Inc. (NYSE:UDR) by 2.2% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 4,732,429 shares of the real estate investment trust’s stock after purchasing an additional 103,384 shares during the quarter. Dimensional Fund Advisors LP owned about 1.43% of UDR worth $194,737,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in UDR. Vanguard Group Inc. boosted its holdings in shares of UDR by 0.5% in the 1st 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 position in UDR by 3.8% in 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 acquiring an additional 984,807 shares during the last quarter. Centersquare Investment Management LLC boosted its stake in UDR by 17.7% in 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 acquiring an additional 1,433,463 shares in the last quarter. Daiwa Securities Group Inc. grew its holdings in shares of 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 worth $279,373,000 after purchasing an additional 1,359,804 shares during the last quarter. Finally, Capital Research Global Investors acquired a new stake in shares of UDR during the first quarter worth about $176,137,000. 97.84% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

UDR has been the subject of a number of research analyst reports. Piper Sandler upped their target price on UDR from $40.00 to $46.00 and gave the company a “neutral” rating in a research report on Monday, August 26th. Royal Bank of Canada lowered their target price on shares of UDR from $41.00 to $40.00 and set a “sector perform” rating on the stock in a research report on Thursday, August 1st. Wells Fargo & Company upped their price target on shares of UDR from $41.00 to $48.00 and gave the company an “overweight” rating in a research report on Monday, August 26th. 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 note on Thursday, September 12th. Finally, Mizuho lifted their price objective on shares of UDR from $35.00 to $38.00 and gave the company a “neutral” rating in a research note on Thursday, May 30th. One research analyst has rated the stock with a sell rating, ten have given a hold rating and eight have given a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Hold” and an average target price of $44.28.

UDR Trading Down 0.1 %

NYSE:UDR opened at $46.14 on Friday. UDR, Inc. has a 1 year low of $30.95 and a 1 year 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 fifty day moving average price of $42.83 and a two-hundred day moving average price of $40.00. The stock has a market capitalization of $15.22 billion, a price-to-earnings ratio of 33.44, a PEG ratio of 10.30 and a beta of 0.85.

UDR (NYSE:UDR) last announced its quarterly 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 net margin of 8.34% and a return on equity of 3.70%. The company had revenue of $415.30 million during the quarter, compared to analysts’ expectations of $413.75 million. During the same quarter in the prior year, the business earned $0.61 EPS. The business’s revenue for the quarter was up 2.7% compared to the same quarter last year. As a group, sell-side analysts anticipate that UDR, Inc. will post 2.46 earnings per share for the current fiscal year.

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.