Point72 Asia Singapore Pte. Ltd. Takes Position in UDR, Inc. (NYSE:UDR)

Point72 Asia Singapore Pte. Ltd. purchased a new stake in shares of UDR, Inc. (NYSE:UDR) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 1,304 shares of the real estate investment trust’s stock, valued at approximately $54,000.

Several other hedge funds and other institutional investors also recently modified their holdings of UDR. Vanguard Group Inc. grew its position in 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 worth $1,910,275,000 after purchasing an additional 233,475 shares during the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. grew its holdings in UDR by 370.6% in the 1st quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 222,940 shares of the real estate investment trust’s stock worth $8,340,000 after buying an additional 175,566 shares in the last quarter. Simplicity Wealth LLC bought a new position in UDR in the 2nd quarter worth approximately $2,135,000. Bessemer Group Inc. increased its position in UDR by 2,250.3% in the 1st quarter. Bessemer Group Inc. now owns 37,416 shares of the real estate investment trust’s stock valued at $1,399,000 after acquiring an additional 35,824 shares during the period. Finally, Lasalle Investment Management Securities LLC raised its stake in UDR by 64.6% during the 1st quarter. Lasalle Investment Management Securities LLC now owns 1,447,425 shares of the real estate investment trust’s stock valued at $54,148,000 after acquiring an additional 567,878 shares in the last quarter. Institutional investors and hedge funds own 97.84% of the company’s stock.

UDR Trading Down 0.2 %

UDR stock opened at $44.59 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. The firm has a market cap of $14.71 billion, a price-to-earnings ratio of 32.31, a price-to-earnings-growth ratio of 9.89 and a beta of 0.85. UDR, Inc. has a 1 year low of $30.95 and a 1 year high of $47.55. The firm’s 50 day moving average price is $43.71 and its two-hundred day moving average price is $40.64.

UDR (NYSE:UDR) last announced its earnings results on Tuesday, July 30th. The real estate investment trust reported $0.08 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.61 by ($0.53). UDR had a net margin of 8.34% and a return on equity of 3.70%. The firm had revenue of $415.30 million for the quarter, compared to analyst estimates of $413.75 million. During the same period last year, the firm earned $0.61 earnings per share. UDR’s revenue for the quarter was up 2.7% compared to the same quarter last year. On average, research analysts predict that UDR, Inc. will post 2.47 EPS for the current fiscal year.

UDR Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, October 31st. Shareholders of record on Thursday, October 10th will be paid a dividend of $0.425 per share. This represents a $1.70 annualized dividend and a yield of 3.81%. The ex-dividend date of this dividend is Thursday, October 10th. UDR’s dividend payout ratio (DPR) is currently 123.19%.

Analyst Ratings Changes

Several research firms have recently issued reports on UDR. Scotiabank increased their price target on UDR from $45.00 to $49.00 and gave the stock a “sector perform” rating in a research note on Monday, September 16th. Wells Fargo & Company raised their target price on shares of UDR from $41.00 to $48.00 and gave the company an “overweight” rating in a research note on Monday, August 26th. Piper Sandler boosted their price target on shares of UDR from $40.00 to $46.00 and gave the stock a “neutral” rating in a research report on Monday, August 26th. Evercore ISI increased their price objective on shares of UDR from $42.00 to $43.00 and gave the company an “in-line” rating in a report on Monday, September 9th. Finally, Wedbush raised their price objective on shares of UDR from $45.00 to $49.00 and gave the company an “outperform” rating in a research note on Monday, August 5th. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating and eight have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus 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.