UDR, Inc. (NYSE:UDR) Shares Bought by Sei Investments Co.

Sei Investments Co. grew its stake in UDR, Inc. (NYSE:UDR) by 4.6% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,746,756 shares of the real estate investment trust’s stock after purchasing an additional 76,161 shares during the period. Sei Investments Co. owned approximately 0.53% of UDR worth $71,879,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of UDR. Pacer Advisors Inc. raised its position in UDR by 4.8% during the 2nd quarter. Pacer Advisors Inc. now owns 21,589 shares of the real estate investment trust’s stock worth $888,000 after buying an additional 986 shares during the last quarter. Canada Pension Plan Investment Board increased its stake in shares of UDR by 2.6% during the second quarter. Canada Pension Plan Investment Board now owns 2,982,797 shares of the real estate investment trust’s stock worth $122,742,000 after acquiring an additional 76,500 shares during the period. Intech Investment Management LLC raised its holdings in UDR by 86.8% during the second quarter. Intech Investment Management LLC now owns 10,620 shares of the real estate investment trust’s stock worth $437,000 after purchasing an additional 4,935 shares in the last quarter. XTX Topco Ltd acquired a new stake in UDR in the second quarter valued at about $1,447,000. Finally, Hsbc Holdings PLC boosted its holdings in UDR by 7.4% in the 2nd quarter. Hsbc Holdings PLC now owns 849,303 shares of the real estate investment trust’s stock valued at $34,904,000 after purchasing an additional 58,548 shares in the last quarter. Hedge funds and other institutional investors own 97.84% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on UDR shares. UBS Group raised their price target on UDR from $48.00 to $52.00 and gave the company a “buy” rating in a report on Thursday, September 12th. The Goldman Sachs Group started coverage on shares of UDR in a research report on Wednesday, September 4th. They set a “sell” rating and a $42.00 target price on the stock. Wedbush increased their price target on shares of UDR from $45.00 to $49.00 and gave the company an “outperform” rating in a report on Monday, August 5th. Deutsche Bank Aktiengesellschaft boosted their price objective on shares of UDR from $40.00 to $44.00 and gave the stock a “hold” rating in a report on Tuesday, September 10th. Finally, Wells Fargo & Company increased their target price on shares of UDR from $41.00 to $48.00 and gave the company an “overweight” rating in a report on Monday, August 26th. One investment 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’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $44.28.

UDR Stock Down 1.1 %

Shares of NYSE:UDR opened at $45.62 on Friday. 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 company has a market capitalization of $15.02 billion, a P/E ratio of 33.06, a P/E/G ratio of 10.30 and a beta of 0.85. UDR, Inc. has a 52-week low of $30.95 and a 52-week high of $47.55. The stock’s fifty day simple moving average is $42.94 and its 200-day simple moving average is $40.08.

UDR (NYSE:UDR) last released 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). The firm had revenue of $415.30 million during 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%. UDR’s revenue for the quarter was up 2.7% on a year-over-year basis. During the same quarter last year, the company posted $0.61 earnings per share. As a group, equities research analysts forecast that UDR, Inc. will post 2.46 earnings per share for the current fiscal year.

UDR Dividend Announcement

The firm also recently declared 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%.

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.