Universal Beteiligungs und Servicegesellschaft mbH Takes Position in UDR, Inc. (NYSE:UDR)

Universal Beteiligungs und Servicegesellschaft mbH acquired a new stake in shares of UDR, Inc. (NYSE:UDR - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 969,212 shares of the real estate investment trust's stock, valued at approximately $42,073,000. Universal Beteiligungs und Servicegesellschaft mbH owned approximately 0.29% of UDR as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the company. Smartleaf Asset Management LLC grew its position in UDR by 68.7% in the fourth quarter. Smartleaf Asset Management LLC now owns 1,206 shares of the real estate investment trust's stock worth $52,000 after acquiring an additional 491 shares in the last quarter. Continuum Advisory LLC grew its position in UDR by 38.0% in the fourth quarter. Continuum Advisory LLC now owns 1,275 shares of the real estate investment trust's stock worth $55,000 after acquiring an additional 351 shares in the last quarter. Catalyst Capital Advisors LLC purchased a new position in UDR in the fourth quarter worth about $63,000. Crews Bank & Trust purchased a new position in UDR in the fourth quarter worth about $76,000. Finally, Wingate Wealth Advisors Inc. purchased a new position in UDR in the fourth quarter worth about $87,000. Hedge funds and other institutional investors own 97.84% of the company's stock.

UDR Trading Up 0.3%

UDR stock traded up $0.11 during trading on Friday, hitting $41.43. The company had a trading volume of 3,463,323 shares, compared to its average volume of 2,161,798. UDR, Inc. has a 1-year low of $36.61 and a 1-year high of $47.55. The company has a current ratio of 5.61, a quick ratio of 5.91 and a debt-to-equity ratio of 1.71. The company's 50 day simple moving average is $41.65 and its 200-day simple moving average is $42.73. The stock has a market cap of $13.73 billion, a price-to-earnings ratio of 165.72, a price-to-earnings-growth ratio of 8.67 and a beta of 0.84.

UDR (NYSE:UDR - Get Free Report) last posted its quarterly earnings results on Wednesday, April 30th. The real estate investment trust reported $0.61 EPS for the quarter, hitting the consensus estimate of $0.61. The business had revenue of $419.84 million during the quarter, compared to the consensus estimate of $421.23 million. UDR had a net margin of 5.36% and a return on equity of 2.65%. The company's quarterly revenue was up 2.0% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.61 earnings per share. As a group, analysts expect that UDR, Inc. will post 2.51 EPS for the current fiscal year.

UDR Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, April 30th. Investors of record on Thursday, April 10th were given a $0.43 dividend. The ex-dividend date was Thursday, April 10th. This is a boost from UDR's previous quarterly dividend of $0.43. This represents a $1.72 dividend on an annualized basis and a yield of 4.15%. UDR's payout ratio is 491.43%.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on UDR shares. Truist Financial lowered UDR from a "buy" rating to a "hold" rating and boosted their target price for the company from $45.00 to $46.00 in a research report on Monday, March 10th. Scotiabank boosted their price objective on shares of UDR from $48.00 to $49.00 and gave the stock a "sector perform" rating in a research note on Friday, February 14th. Zelman & Associates reissued a "neutral" rating on shares of UDR in a research report on Thursday, February 13th. Evercore ISI upped their price target on shares of UDR from $43.00 to $45.00 and gave the stock an "in-line" rating in a research report on Monday, February 10th. Finally, Barclays increased their price objective on shares of UDR from $48.00 to $51.00 and gave the company an "overweight" rating in a report on Friday, May 9th. One investment analyst has rated the stock with a sell rating, ten have given a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Hold" and an average price target of $46.44.

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.