UDR, Inc. (NYSE:UDR) Shares Acquired by Hsbc Holdings PLC

Hsbc Holdings PLC lifted its stake in UDR, Inc. (NYSE:UDR) by 7.4% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 849,303 shares of the real estate investment trust’s stock after buying an additional 58,548 shares during the period. Hsbc Holdings PLC owned approximately 0.26% of UDR worth $34,904,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of UDR. Principal Securities Inc. purchased a new position in shares of UDR during the fourth quarter worth about $26,000. Fidelis Capital Partners LLC purchased a new position in UDR during the 1st quarter worth approximately $26,000. Family Firm Inc. acquired a new position in UDR during the second quarter worth approximately $26,000. Quest Partners LLC purchased a new stake in UDR in the fourth quarter valued at approximately $27,000. Finally, UMB Bank n.a. purchased a new stake in UDR in the second quarter valued at approximately $33,000. 97.84% of the stock is owned by hedge funds and other institutional investors.

UDR Price Performance

Shares of NYSE UDR opened at $45.62 on Friday. The company has a debt-to-equity ratio of 1.57, a quick ratio of 5.82 and a current ratio of 5.82. UDR, Inc. has a one year low of $30.95 and a one year high of $47.55. The firm has a market capitalization of $15.02 billion, a P/E ratio of 33.06, a PEG ratio of 10.30 and a beta of 0.85. The company’s fifty day moving average is $42.94 and its two-hundred day moving average is $40.06.

UDR (NYSE:UDR) last released its quarterly earnings data on Tuesday, July 30th. The real estate investment trust reported $0.08 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 company had revenue of $415.30 million for the quarter, compared to analysts’ expectations of $413.75 million. During the same period in the prior year, the firm posted $0.61 EPS. The firm’s quarterly revenue was up 2.7% on a year-over-year basis. Analysts forecast that UDR, Inc. will post 2.46 EPS for the current fiscal year.

UDR Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 31st. Investors of record on Thursday, October 10th will be paid a $0.425 dividend. This represents a $1.70 annualized dividend and a yield of 3.73%. The ex-dividend date is Thursday, October 10th. UDR’s payout ratio is currently 123.19%.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on UDR. Deutsche Bank Aktiengesellschaft raised their target price 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. Scotiabank raised their price objective on shares of UDR from $45.00 to $49.00 and gave the stock a “sector perform” rating in a research report on Monday, September 16th. Mizuho upped their target price on shares of UDR from $35.00 to $38.00 and gave the company a “neutral” rating in a report on Thursday, May 30th. Truist Financial increased their target price on shares of UDR from $44.00 to $47.00 and gave the stock a “buy” rating in a research note on Monday, August 26th. Finally, BMO Capital Markets upgraded UDR from a “market perform” rating to an “outperform” rating and boosted their price target for the company from $39.00 to $45.00 in a research report on Monday, July 15th. One analyst has rated the stock with a sell rating, ten have issued a hold rating and eight have assigned a buy rating to the stock. According to 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.