19,934 Shares in UDR, Inc. (NYSE:UDR) Acquired by Waterfall Asset Management LLC

Waterfall Asset Management LLC bought a new position in shares of UDR, Inc. (NYSE:UDR) during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 19,934 shares of the real estate investment trust’s stock, valued at approximately $820,000. UDR accounts for about 0.6% of Waterfall Asset Management LLC’s portfolio, making the stock its 17th largest position.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Hummer Financial Advisory Services Inc increased its holdings in UDR by 2.9% during the 1st quarter. Hummer Financial Advisory Services Inc now owns 12,057 shares of the real estate investment trust’s stock worth $451,000 after acquiring an additional 335 shares during the period. Integrity Wealth Solutions LLC increased its holdings in UDR by 8.2% during the 1st quarter. Integrity Wealth Solutions LLC now owns 6,409 shares of the real estate investment trust’s stock worth $240,000 after acquiring an additional 484 shares during the period. Covestor Ltd increased its holdings in UDR by 18.3% during the 1st quarter. Covestor Ltd now owns 3,336 shares of the real estate investment trust’s stock worth $125,000 after acquiring an additional 515 shares during the period. State of Alaska Department of Revenue increased its holdings in UDR by 0.3% during the 1st quarter. State of Alaska Department of Revenue now owns 189,355 shares of the real estate investment trust’s stock worth $7,083,000 after acquiring an additional 551 shares during the period. Finally, V Square Quantitative Management LLC increased its holdings in shares of UDR by 12.4% in the 2nd quarter. V Square Quantitative Management LLC now owns 5,658 shares of the real estate investment trust’s stock worth $233,000 after buying an additional 626 shares during the last quarter. Institutional investors own 97.84% of the company’s stock.

UDR Trading Down 1.1 %

Shares of UDR opened at $45.62 on Friday. The stock 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 has a quick ratio of 5.82, a current ratio of 5.82 and a debt-to-equity ratio of 1.57. The firm has a fifty day simple moving average of $42.94 and a two-hundred day simple moving average of $40.08. UDR, Inc. has a twelve month low of $30.95 and a twelve month high of $47.55.

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

UDR Dividend Announcement

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

Analysts Set New Price Targets

A number of brokerages have recently commented on UDR. Truist Financial increased their price target on shares of UDR from $44.00 to $47.00 and gave the stock a “buy” rating in a report on Monday, August 26th. Piper Sandler increased their price target on shares of UDR from $40.00 to $46.00 and gave the stock a “neutral” rating in a report on Monday, August 26th. 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 report on Monday, September 9th. BNP Paribas began coverage on shares of UDR in a report on Wednesday, September 11th. They issued an “outperform” rating and a $49.00 price target on the stock. Finally, Royal Bank of Canada decreased their price target on shares of UDR from $41.00 to $40.00 and set a “sector perform” rating on the stock in a report on Thursday, August 1st. One research analyst has rated the stock with a sell rating, ten have given a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat.com, UDR has a consensus rating of “Hold” and an average target price of $44.28.

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.