XTX Topco Ltd Takes Position in UDR, Inc. (NYSE:UDR)

XTX Topco Ltd acquired a new position in shares of UDR, Inc. (NYSE:UDR) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 35,164 shares of the real estate investment trust’s stock, valued at approximately $1,447,000.

Other hedge funds have also bought and sold shares of the company. Family Firm Inc. bought a new stake in UDR during the second quarter worth about $26,000. Principal Securities Inc. bought a new stake in UDR during the fourth quarter worth about $26,000. Fidelis Capital Partners LLC bought a new stake in UDR during the first quarter worth about $26,000. Quest Partners LLC bought a new stake in UDR during the fourth quarter worth about $27,000. Finally, UMB Bank n.a. bought a new stake in UDR during the second quarter worth about $33,000. Institutional investors own 97.84% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms recently commented on UDR. Piper Sandler boosted their price objective on shares of UDR from $40.00 to $46.00 and gave the stock a “neutral” rating in a research note on Monday, August 26th. JPMorgan Chase & Co. lifted their target price on shares of UDR from $43.00 to $50.00 and gave the stock an “overweight” rating in a report on Monday, September 16th. Mizuho lifted their target price on shares of UDR from $35.00 to $38.00 and gave the stock a “neutral” rating in a report on Thursday, May 30th. Deutsche Bank Aktiengesellschaft lifted their target price 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, The Goldman Sachs Group assumed coverage on shares of UDR in a report on Wednesday, September 4th. They issued a “sell” rating and a $42.00 target price for the company. One 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, the stock currently has a consensus rating of “Hold” and an average price target of $44.28.

UDR Stock Down 1.1 %

Shares of UDR stock opened at $45.62 on Friday. UDR, Inc. has a 12 month low of $30.95 and a 12 month high of $47.55. The stock has a market cap 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. The company has a current ratio of 5.82, a quick ratio of 5.82 and a debt-to-equity ratio of 1.57. The company has a 50 day simple moving average of $42.94 and a two-hundred day simple moving average of $40.06.

UDR (NYSE:UDR) last announced its 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 net margin of 8.34% and a return on equity of 3.70%. The business had revenue of $415.30 million for the quarter, compared to analysts’ expectations of $413.75 million. During the same period in the prior year, the company posted $0.61 earnings per share. The firm’s quarterly revenue was up 2.7% on a year-over-year basis. On average, research analysts expect that UDR, Inc. will post 2.46 earnings per share for the current year.

UDR Dividend Announcement

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