UDR, Inc. (NYSE:UDR) Stock Holdings Increased by Handelsbanken Fonder AB

Handelsbanken Fonder AB boosted its stake in shares of UDR, Inc. (NYSE:UDR) by 44.8% during the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 89,900 shares of the real estate investment trust’s stock after purchasing an additional 27,800 shares during the period. Handelsbanken Fonder AB’s holdings in UDR were worth $4,076,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in UDR. Rafferty Asset Management LLC grew its holdings in shares of UDR by 19.8% during the 4th quarter. Rafferty Asset Management LLC now owns 40,583 shares of the real estate investment trust’s stock valued at $1,554,000 after acquiring an additional 6,720 shares in the last quarter. Tower Research Capital LLC TRC raised its holdings in shares of UDR by 285.8% during the fourth quarter. Tower Research Capital LLC TRC now owns 43,001 shares of the real estate investment trust’s stock worth $1,647,000 after acquiring an additional 31,856 shares in the last quarter. Sei Investments Co. boosted its position in UDR by 5.0% during the fourth quarter. Sei Investments Co. now owns 1,352,313 shares of the real estate investment trust’s stock valued at $51,780,000 after purchasing an additional 64,012 shares during the last quarter. State of Tennessee Treasury Department grew its stake in UDR by 0.7% in the fourth quarter. State of Tennessee Treasury Department now owns 578,850 shares of the real estate investment trust’s stock valued at $22,164,000 after purchasing an additional 3,865 shares in the last quarter. Finally, Balyasny Asset Management L.P. acquired a new position in UDR in the 4th quarter worth about $79,897,000. 97.84% of the stock is owned by hedge funds and other institutional investors.

UDR Stock Down 0.2 %

Shares of UDR stock opened at $44.10 on Wednesday. UDR, Inc. has a 12 month low of $30.95 and a 12 month high of $47.55. 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 market cap of $14.55 billion, a PE ratio of 31.97, a price-to-earnings-growth ratio of 9.77 and a beta of 0.85. The stock has a 50 day moving average of $43.78 and a 200-day moving average of $40.71.

UDR (NYSE:UDR) last released its earnings results on Tuesday, July 30th. The real estate investment trust reported $0.08 EPS for the quarter, missing the consensus estimate of $0.61 by ($0.53). The company had revenue of $415.30 million for the quarter, compared to analyst estimates 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% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.61 earnings per share. On average, equities analysts predict that UDR, Inc. will post 2.47 EPS for the current year.

UDR Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, October 31st. Investors of record on Thursday, October 10th will be given a dividend of $0.425 per share. This represents a $1.70 dividend on an annualized basis and a yield of 3.85%. The ex-dividend date is Thursday, October 10th. UDR’s dividend payout ratio (DPR) is presently 123.19%.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on UDR shares. Piper Sandler lifted their price target on UDR from $40.00 to $46.00 and gave the company a “neutral” rating in a report on Monday, August 26th. JPMorgan Chase & Co. boosted their target price on shares of UDR from $43.00 to $50.00 and gave the stock an “overweight” rating in a research report on Monday, September 16th. Evercore ISI raised their price target 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. Wells Fargo & Company upped their price objective on shares of UDR from $41.00 to $48.00 and gave the stock an “overweight” rating in a report on Monday, August 26th. Finally, BNP Paribas started coverage on UDR in a report on Wednesday, September 11th. They set an “outperform” rating and a $49.00 target price on the stock. One analyst has rated the stock with a sell rating, nine have given a hold rating and eight have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $44.28.

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.