Acadian Asset Management LLC Purchases Shares of 4,140 UDR, Inc. (NYSE:UDR)

Acadian Asset Management LLC acquired a new stake in UDR, Inc. (NYSE:UDR) during the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 4,140 shares of the real estate investment trust’s stock, valued at approximately $170,000.

Several other large investors also recently modified their holdings of the stock. Capital Research Global Investors bought a new stake in UDR in the 1st quarter valued at $176,137,000. Centersquare Investment Management LLC boosted its position in shares of UDR by 35.9% in the fourth quarter. Centersquare Investment Management LLC now owns 8,117,175 shares of the real estate investment trust’s stock valued at $310,807,000 after acquiring an additional 2,145,242 shares during the period. Balyasny Asset Management L.P. bought a new stake in shares of UDR in the fourth quarter valued at about $79,897,000. Heitman Real Estate Securities LLC acquired a new position in shares of UDR in the fourth quarter valued at about $60,952,000. Finally, Daiwa Securities Group Inc. increased its position in UDR by 22.3% during the first quarter. Daiwa Securities Group Inc. now owns 7,467,881 shares of the real estate investment trust’s stock worth $279,373,000 after acquiring an additional 1,359,804 shares during the period. 97.84% of the stock is owned by institutional investors.

Analysts Set New Price Targets

UDR has been the subject of a number of recent analyst reports. Wedbush increased their target price on UDR from $45.00 to $49.00 and gave the stock an “outperform” rating in a report on Monday, August 5th. Wells Fargo & Company raised their price objective on UDR from $41.00 to $48.00 and gave the company an “overweight” rating in a research note on Monday, August 26th. The Goldman Sachs Group started coverage on UDR in a research note on Wednesday, September 4th. They set a “sell” rating and a $42.00 target price for the company. Piper Sandler increased their price objective on shares of UDR from $40.00 to $46.00 and gave the company a “neutral” rating in a research note on Monday, August 26th. Finally, UBS Group increased their price target on UDR from $48.00 to $52.00 and gave the company a “buy” rating in a research note on Thursday, September 12th. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating and eight have given a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $44.28.

UDR Trading Down 1.1 %

Shares of 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 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. UDR, Inc. has a twelve month low of $30.95 and a twelve month high of $47.55. The firm has a fifty day simple moving average of $42.94 and a two-hundred day simple moving average of $40.06.

UDR (NYSE:UDR) last announced its quarterly earnings results 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 business had revenue of $415.30 million during the quarter, compared to analysts’ expectations of $413.75 million. During the same period in the previous year, the business earned $0.61 EPS. The business’s revenue was up 2.7% compared to the same quarter last year. On average, research analysts anticipate that UDR, Inc. will post 2.46 EPS for the current year.

UDR Announces Dividend

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

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.