Skandinaviska Enskilda Banken AB publ Has $2.40 Million Stock Holdings in UDR, Inc. (NYSE:UDR)

Skandinaviska Enskilda Banken AB publ reduced its holdings in shares of UDR, Inc. (NYSE:UDR) by 11.4% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 58,273 shares of the real estate investment trust’s stock after selling 7,500 shares during the period. Skandinaviska Enskilda Banken AB publ’s holdings in UDR were worth $2,398,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in UDR. Principal Securities Inc. bought a new position in shares of UDR during the fourth quarter valued at $26,000. Fidelis Capital Partners LLC bought a new position in UDR during the 1st quarter valued at about $26,000. Family Firm Inc. bought a new position in UDR during the 2nd quarter valued at about $26,000. Quest Partners LLC acquired a new position in UDR in the fourth quarter valued at 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.

UDR Trading Up 1.6 %

NYSE UDR opened at $46.35 on Tuesday. UDR, Inc. has a 12 month low of $30.95 and a 12 month high of $47.55. The stock has a 50-day simple moving average of $43.05 and a 200 day simple moving average of $40.16. 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 market capitalization of $15.26 billion, a PE ratio of 33.59, a P/E/G ratio of 10.30 and a beta of 0.85.

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 net margin of 8.34% and a return on equity of 3.70%. The company had revenue of $415.30 million during the quarter, compared to the consensus estimate of $413.75 million. During the same period last year, the company earned $0.61 earnings per share. The business’s revenue was up 2.7% compared to the same quarter last year. Research analysts forecast that UDR, Inc. will post 2.46 EPS for the current year.

UDR Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, October 31st. Stockholders of record on Thursday, October 10th will be given 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 3.67%. UDR’s dividend payout ratio is 123.19%.

Analyst Ratings Changes

UDR has been the topic of several recent analyst reports. Truist Financial boosted their target price on UDR from $44.00 to $47.00 and gave the stock a “buy” rating in a report on Monday, August 26th. Mizuho boosted their price objective on UDR from $35.00 to $38.00 and gave the stock a “neutral” rating in a research note on Thursday, May 30th. Deutsche Bank Aktiengesellschaft raised their target price on UDR from $40.00 to $44.00 and gave the company a “hold” rating in a research note on Tuesday, September 10th. BNP Paribas assumed coverage on shares of UDR in a research report on Wednesday, September 11th. They set an “outperform” rating and a $49.00 price target on the stock. Finally, Wedbush boosted their target price on shares of UDR from $45.00 to $49.00 and gave the stock an “outperform” rating in a research note on Monday, August 5th. One research analyst has rated the stock with a sell rating, ten have issued a hold rating and eight have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $44.28.

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.