Vert Asset Management LLC Boosts Stock Position in UDR, Inc. (NYSE:UDR)

Vert Asset Management LLC lifted its position in UDR, Inc. (NYSE:UDR) by 0.6% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 129,983 shares of the real estate investment trust’s stock after purchasing an additional 746 shares during the quarter. UDR comprises 2.0% of Vert Asset Management LLC’s holdings, making the stock its 18th largest position. Vert Asset Management LLC’s holdings in UDR were worth $5,893,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of UDR. Vanguard Group Inc. lifted its stake in UDR by 0.5% during the 1st quarter. Vanguard Group Inc. now owns 51,063,214 shares of the real estate investment trust’s stock valued at $1,910,275,000 after acquiring an additional 233,475 shares during the period. BNP PARIBAS ASSET MANAGEMENT Holding S.A. lifted its position in UDR by 370.6% during the first quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 222,940 shares of the real estate investment trust’s stock valued at $8,340,000 after purchasing an additional 175,566 shares during the period. Simplicity Wealth LLC purchased a new stake in UDR in the second quarter valued at $2,135,000. Bessemer Group Inc. grew its position in UDR by 2,250.3% during the 1st quarter. Bessemer Group Inc. now owns 37,416 shares of the real estate investment trust’s stock worth $1,399,000 after purchasing an additional 35,824 shares during the period. Finally, Lasalle Investment Management Securities LLC raised its stake in shares of UDR by 64.6% during the 1st quarter. Lasalle Investment Management Securities LLC now owns 1,447,425 shares of the real estate investment trust’s stock valued at $54,148,000 after buying an additional 567,878 shares during the last quarter. Hedge funds and other institutional investors own 97.84% of the company’s stock.

UDR Stock Up 1.0 %

NYSE UDR opened at $44.77 on Friday. The business has a fifty day moving average price of $44.38 and a 200 day moving average price of $41.11. The company has a debt-to-equity ratio of 1.57, a quick ratio of 5.82 and a current ratio of 5.82. The company has a market cap of $14.77 billion, a P/E ratio of 109.20, a P/E/G ratio of 9.63 and a beta of 0.85. UDR, Inc. has a one year low of $30.95 and a one year high of $47.55.

UDR (NYSE:UDR) last issued 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). The business had revenue of $415.30 million during 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 quarterly revenue was up 2.7% on a year-over-year basis. During the same quarter last year, the company earned $0.61 earnings per share. Research analysts anticipate that UDR, Inc. will post 2.47 EPS for the current fiscal year.

UDR Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, October 31st. Stockholders of record on Thursday, October 10th will be issued a dividend of $0.425 per share. This represents a $1.70 annualized dividend and a dividend yield of 3.80%. The ex-dividend date of this dividend is Thursday, October 10th. UDR’s dividend payout ratio is currently 414.64%.

Wall Street Analyst Weigh In

Several analysts recently commented on the company. Wedbush raised 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. Deutsche Bank Aktiengesellschaft lifted their target price on shares of UDR from $40.00 to $44.00 and gave the company a “hold” rating in a report on Tuesday, September 10th. Wells Fargo & Company raised their price target on shares of UDR from $41.00 to $48.00 and gave the company an “overweight” rating in a research report on Monday, August 26th. Scotiabank upped their price objective on shares of UDR from $45.00 to $49.00 and gave the stock a “sector perform” rating in a research report on Monday, September 16th. Finally, Evercore ISI increased their target price on shares of UDR from $42.00 to $43.00 and gave the stock an “in-line” rating in a research note on Monday, September 9th. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating and eight have issued a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Hold” and an average target price 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.