Twinbeech Capital LP Lowers Holdings in UDR, Inc. (NYSE:UDR)

Twinbeech Capital LP decreased its stake in UDR, Inc. (NYSE:UDR - Free Report) by 79.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 8,764 shares of the real estate investment trust's stock after selling 34,724 shares during the quarter. Twinbeech Capital LP's holdings in UDR were worth $380,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Toronto Dominion Bank grew its stake 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 worth $7,047,000 after buying an additional 12,512 shares in the last quarter. ProShare Advisors LLC grew its holdings in UDR by 7.4% in the fourth quarter. ProShare Advisors LLC now owns 54,689 shares of the real estate investment trust's stock worth $2,374,000 after purchasing an additional 3,745 shares during the last quarter. Quantinno Capital Management LP grew its position in UDR by 31.3% during the 4th quarter. Quantinno Capital Management LP now owns 13,529 shares of the real estate investment trust's stock worth $587,000 after purchasing an additional 3,224 shares during the last quarter. Mufg Securities Americas Inc. purchased a new stake in UDR during the 4th quarter worth approximately $192,000. Finally, Nissay Asset Management Corp Japan ADV boosted its holdings in shares of UDR by 1.6% in the 4th quarter. Nissay Asset Management Corp Japan ADV now owns 80,871 shares of the real estate investment trust's stock valued at $3,511,000 after acquiring an additional 1,265 shares during the last quarter. 97.84% of the stock is owned by hedge funds and other institutional investors.

UDR Stock Up 0.7%

UDR stock traded up $0.27 during midday trading on Wednesday, reaching $40.31. 402,942 shares of the company were exchanged, compared to its average volume of 2,140,014. The company has a debt-to-equity ratio of 1.71, a quick ratio of 5.91 and a current ratio of 5.61. UDR, Inc. has a 1-year low of $36.61 and a 1-year high of $47.55. The stock's 50-day simple moving average is $41.82 and its 200 day simple moving average is $42.82. The company has a market cap of $13.35 billion, a price-to-earnings ratio of 161.28, a price-to-earnings-growth ratio of 8.67 and a beta of 0.84.

UDR (NYSE:UDR - Get Free Report) last announced its earnings results on Wednesday, April 30th. The real estate investment trust reported $0.61 earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of $0.61. The business had revenue of $419.84 million for the quarter, compared to analyst estimates of $421.23 million. UDR had a net margin of 5.36% and a return on equity of 2.65%. The company's revenue for the quarter was up 2.0% compared to the same quarter last year. During the same period last year, the firm posted $0.61 earnings per share. On average, equities analysts forecast that UDR, Inc. will post 2.51 earnings per share 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 given a dividend of $0.43 per share. The ex-dividend date of this dividend was Thursday, April 10th. This is a positive change from UDR's previous quarterly dividend of $0.43. This represents a $1.72 dividend on an annualized basis and a dividend yield of 4.27%. UDR's dividend payout ratio (DPR) is 491.43%.

Analyst Upgrades and Downgrades

UDR has been the subject of several analyst reports. Truist Financial cut shares of 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 note on Monday, March 10th. Evercore ISI upped their price objective 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. Zelman & Associates reaffirmed a "neutral" rating on shares of UDR in a report on Thursday, February 13th. Barclays upped 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. Finally, Scotiabank increased their target price 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. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and an average target price of $46.44.

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.