GAMMA Investing LLC Has $18.59 Million Holdings in UDR, Inc. (NYSE:UDR)

GAMMA Investing LLC raised its position in UDR, Inc. (NYSE:UDR - Free Report) by 4,764.6% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 411,544 shares of the real estate investment trust's stock after acquiring an additional 403,084 shares during the period. GAMMA Investing LLC owned approximately 0.12% of UDR worth $18,589,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently modified their holdings of UDR. Wealth Enhancement Advisory Services LLC lifted its position in UDR by 16.2% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 10,739 shares of the real estate investment trust's stock valued at $466,000 after purchasing an additional 1,497 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH acquired a new stake in UDR during the fourth quarter worth about $42,073,000. Mackenzie Financial Corp grew its holdings in shares of UDR by 20.7% during the 4th quarter. Mackenzie Financial Corp now owns 13,605 shares of the real estate investment trust's stock worth $591,000 after purchasing an additional 2,331 shares during the period. Toronto Dominion Bank raised its holdings in shares of UDR by 8.4% in the 4th quarter. Toronto Dominion Bank now owns 162,338 shares of the real estate investment trust's stock valued at $7,047,000 after buying an additional 12,512 shares during the period. Finally, GF Fund Management CO. LTD. purchased a new stake in UDR during the 4th quarter worth approximately $247,000. Institutional investors and hedge funds own 97.84% of the company's stock.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on UDR shares. Royal Bank of Canada upped their price objective on UDR from $43.00 to $44.00 and gave the stock a "sector perform" rating in a research report on Thursday, May 8th. Barclays lifted their price objective on UDR from $48.00 to $51.00 and gave the stock an "overweight" rating in a report on Friday, May 9th. Zelman & Associates reaffirmed a "neutral" rating on shares of UDR in a research note on Thursday, February 13th. Mizuho decreased their price target on shares of UDR from $45.00 to $41.00 and set a "neutral" rating on the stock in a report on Friday, May 23rd. Finally, Truist Financial downgraded UDR from a "buy" rating to a "hold" rating and raised their target price for the company from $45.00 to $46.00 in a report on Monday, March 10th. One analyst has rated the stock with a sell rating, ten have given a hold rating and seven have given a buy rating to the company's stock. According to data from MarketBeat, the company has an average rating of "Hold" and a consensus price target of $46.44.

UDR Stock Performance

UDR stock traded up $0.40 during mid-day trading on Monday, reaching $41.47. The company had a trading volume of 1,953,772 shares, compared to its average volume of 2,164,399. UDR, Inc. has a one year low of $36.61 and a one year high of $47.55. The stock has a market capitalization of $13.74 billion, a P/E ratio of 165.90, a P/E/G ratio of 8.67 and a beta of 0.83. The stock's 50-day simple moving average is $41.30 and its two-hundred day simple moving average is $42.61. The company has a quick ratio of 5.91, a current ratio of 5.61 and a debt-to-equity ratio of 1.71.

UDR (NYSE:UDR - Get Free Report) last posted its quarterly earnings data on Wednesday, April 30th. The real estate investment trust reported $0.61 EPS for the quarter, hitting analysts' consensus estimates of $0.61. The company had revenue of $419.84 million for the quarter, compared to the consensus estimate of $421.23 million. UDR had a return on equity of 2.65% and a net margin of 5.36%. 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 business earned $0.61 EPS. Research analysts anticipate that UDR, Inc. will post 2.51 EPS for the current year.

UDR Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, April 30th. Stockholders of record on Thursday, April 10th were issued a $0.43 dividend. The ex-dividend date of this dividend was Thursday, April 10th. This represents a $1.72 dividend on an annualized basis and a dividend yield of 4.15%. This is a positive change from UDR's previous quarterly dividend of $0.43. UDR's dividend payout ratio is presently 491.43%.

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.