Squarepoint Ops LLC Boosts Stock Holdings in UDR, Inc. (NYSE:UDR)

Squarepoint Ops LLC raised its stake in UDR, Inc. (NYSE:UDR - Free Report) by 371.5% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 60,193 shares of the real estate investment trust's stock after purchasing an additional 47,427 shares during the quarter. Squarepoint Ops LLC's holdings in UDR were worth $2,613,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Asset Management One Co. Ltd. raised its holdings in shares of UDR by 7.9% during the fourth quarter. Asset Management One Co. Ltd. now owns 587,772 shares of the real estate investment trust's stock valued at $25,515,000 after acquiring an additional 42,926 shares in the last quarter. Principal Financial Group Inc. raised its holdings in UDR by 45.7% in the 4th quarter. Principal Financial Group Inc. now owns 512,540 shares of the real estate investment trust's stock worth $22,249,000 after purchasing an additional 160,708 shares in the last quarter. JPMorgan Chase & Co. lifted its position in shares of UDR by 5.0% in the 3rd quarter. JPMorgan Chase & Co. now owns 7,774,541 shares of the real estate investment trust's stock worth $352,498,000 after purchasing an additional 368,087 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd boosted its stake in shares of UDR by 7.0% during the 4th quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 95,344 shares of the real estate investment trust's stock valued at $4,139,000 after purchasing an additional 6,217 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. increased its position in shares of UDR by 2.2% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 4,367,054 shares of the real estate investment trust's stock valued at $189,574,000 after buying an additional 95,022 shares during the period. Hedge funds and other institutional investors own 97.84% of the company's stock.

Analyst Ratings Changes

Several analysts have commented on UDR shares. Evercore ISI raised their price objective on shares of UDR from $43.00 to $45.00 and gave the stock an "in-line" rating in a report on Monday, February 10th. Mizuho dropped their price target on UDR from $45.00 to $41.00 and set a "neutral" rating on the stock in a research report on Friday, May 23rd. Truist Financial downgraded UDR from a "buy" rating to a "hold" rating and increased their price objective for the stock from $45.00 to $46.00 in a report on Monday, March 10th. Barclays upped their target price on shares of UDR from $48.00 to $51.00 and gave the stock an "overweight" rating in a research report on Friday, May 9th. Finally, Wall Street Zen raised shares of UDR from a "sell" rating to a "hold" rating in a research report on Thursday, February 6th. One investment 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. According to data from MarketBeat.com, UDR presently has an average rating of "Hold" and an average price target of $46.44.

UDR Stock Performance

NYSE:UDR traded up $0.11 during mid-day trading on Friday, hitting $41.43. 3,463,323 shares of the company traded hands, compared to its average volume of 2,161,798. The stock's fifty day moving average price is $41.65 and its 200-day moving average price is $42.73. 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, Inc. has a one year low of $36.61 and a one year high of $47.55. The firm 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 released its earnings results 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 analysts' expectations of $421.23 million. UDR had a net margin of 5.36% and a return on equity of 2.65%. The firm's revenue was up 2.0% compared to the same quarter last year. During the same quarter last year, the business earned $0.61 EPS. Research analysts anticipate that UDR, Inc. will post 2.51 earnings per share for the current fiscal year.

UDR Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, April 30th. Investors 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 annualized dividend and a yield of 4.15%. This is an increase from UDR's previous quarterly dividend of $0.43. UDR's dividend payout ratio is currently 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.