Vanguard Personalized Indexing Management LLC Has $1.14 Million Holdings in UDR, Inc. (NYSE:UDR)

Vanguard Personalized Indexing Management LLC increased its position in shares of UDR, Inc. (NYSE:UDR) by 25.3% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 27,697 shares of the real estate investment trust’s stock after buying an additional 5,584 shares during the quarter. Vanguard Personalized Indexing Management LLC’s holdings in UDR were worth $1,139,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Hummer Financial Advisory Services Inc raised its holdings in shares of UDR by 2.9% in the 1st quarter. Hummer Financial Advisory Services Inc now owns 12,057 shares of the real estate investment trust’s stock worth $451,000 after buying an additional 335 shares in the last quarter. Integrity Wealth Solutions LLC boosted its holdings in UDR by 8.2% in the first quarter. Integrity Wealth Solutions LLC now owns 6,409 shares of the real estate investment trust’s stock valued at $240,000 after acquiring an additional 484 shares during the last quarter. Covestor Ltd raised its holdings in UDR by 18.3% during the 1st quarter. Covestor Ltd now owns 3,336 shares of the real estate investment trust’s stock worth $125,000 after purchasing an additional 515 shares during the last quarter. State of Alaska Department of Revenue lifted its position in UDR by 0.3% during the 1st quarter. State of Alaska Department of Revenue now owns 189,355 shares of the real estate investment trust’s stock valued at $7,083,000 after purchasing an additional 551 shares during the period. Finally, V Square Quantitative Management LLC lifted its position in UDR by 12.4% during the 2nd quarter. V Square Quantitative Management LLC now owns 5,658 shares of the real estate investment trust’s stock valued at $233,000 after purchasing an additional 626 shares during the period. Institutional investors and hedge funds own 97.84% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on UDR shares. BNP Paribas initiated coverage on shares of UDR in a research note on Wednesday, September 11th. They set an “outperform” rating and a $49.00 price target for the company. The Goldman Sachs Group assumed coverage on UDR in a research report on Wednesday, September 4th. They issued a “sell” rating and a $42.00 price target on the stock. BMO Capital Markets upgraded shares of UDR from a “market perform” rating to an “outperform” rating and boosted their price objective for the company from $39.00 to $45.00 in a report on Monday, July 15th. Scotiabank increased their price target on UDR from $45.00 to $49.00 and gave the stock a “sector perform” rating in a report on Monday, September 16th. Finally, Truist Financial raised their price objective on shares of UDR from $44.00 to $47.00 and gave the stock a “buy” rating in a report on Monday, August 26th. One research analyst has rated the stock with a sell rating, ten have issued a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $44.28.

UDR Stock Down 1.1 %

UDR opened at $45.62 on Monday. The stock’s fifty day simple moving average is $42.94 and its 200 day simple moving average is $40.10. UDR, Inc. has a 1-year low of $30.95 and a 1-year high of $47.55. The stock has a market cap of $15.02 billion, a PE ratio of 33.06, a price-to-earnings-growth 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.

UDR (NYSE:UDR) last posted 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). UDR had a return on equity of 3.70% and a net margin of 8.34%. The company had revenue of $415.30 million for the quarter, compared to analyst estimates of $413.75 million. During the same quarter in the prior year, the business posted $0.61 EPS. The business’s quarterly revenue was up 2.7% compared to the same quarter last year. As a group, research analysts expect that UDR, Inc. will post 2.46 earnings per share for the current year.

UDR Announces Dividend

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

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.