UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Boosts Holdings in UDR, Inc. (NYSE:UDR)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in UDR, Inc. (NYSE:UDR - Free Report) by 3.9% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 3,207,420 shares of the real estate investment trust's stock after acquiring an additional 120,456 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned 0.97% of UDR worth $139,234,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in the company. Smartleaf Asset Management LLC boosted its holdings in shares of UDR by 68.7% in the 4th quarter. Smartleaf Asset Management LLC now owns 1,206 shares of the real estate investment trust's stock valued at $52,000 after buying an additional 491 shares in the last quarter. Catalyst Capital Advisors LLC purchased a new position in UDR during the 4th quarter worth $63,000. Crews Bank & Trust purchased a new stake in shares of UDR in the fourth quarter valued at about $76,000. Wingate Wealth Advisors Inc. acquired a new stake in UDR during the 4th quarter worth approximately $87,000. Finally, Atlas Capital Advisors Inc. acquired a new stake in shares of UDR during the fourth quarter worth $114,000. Institutional investors and hedge funds own 97.84% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research firms have commented on UDR. Scotiabank raised their target price on UDR from $48.00 to $49.00 and gave the company a "sector perform" rating in a report on Friday, February 14th. Evercore ISI boosted 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. Zelman & Associates restated a "neutral" rating on shares of UDR in a research report on Thursday, February 13th. Wall Street Zen raised UDR from a "sell" rating to a "hold" rating in a research note on Thursday, February 6th. Finally, Truist Financial cut UDR from a "buy" rating to a "hold" rating and lifted their price objective for the stock from $45.00 to $46.00 in a report on Monday, March 10th. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus target price of $46.44.

UDR Trading Up 1.7%

Shares of NYSE:UDR traded up $0.68 during midday trading on Wednesday, reaching $40.72. The company's stock had a trading volume of 3,220,490 shares, compared to its average volume of 2,150,839. The firm has a market cap of $13.49 billion, a price-to-earnings ratio of 162.88, a price-to-earnings-growth ratio of 8.67 and a beta of 0.84. The business has a 50 day moving average price of $41.82 and a 200 day moving average price of $42.82. UDR, Inc. has a 1 year low of $36.61 and a 1 year high of $47.55. 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 issued its quarterly 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 firm had revenue of $419.84 million for the quarter, compared to analyst estimates of $421.23 million. UDR had a return on equity of 2.65% and a net margin of 5.36%. The firm's quarterly revenue was up 2.0% on a year-over-year basis. During the same period last year, the company earned $0.61 EPS. Research analysts forecast that UDR, Inc. will post 2.51 EPS for the current year.

UDR Increases Dividend

The business 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. This represents a $1.72 dividend on an annualized basis and a yield of 4.22%. This is an increase from UDR's previous quarterly dividend of $0.43. The ex-dividend date was Thursday, April 10th. UDR's payout ratio is presently 491.43%.

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.