Worldquant Millennium Advisors LLC Buys 206,900 Shares of UDR, Inc. (NYSE:UDR)

Worldquant Millennium Advisors LLC raised its position in shares of UDR, Inc. (NYSE:UDR - Free Report) by 172.9% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 326,586 shares of the real estate investment trust's stock after acquiring an additional 206,900 shares during the period. Worldquant Millennium Advisors LLC owned approximately 0.10% of UDR worth $14,177,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also modified their holdings of the company. Smartleaf Asset Management LLC raised its holdings in UDR by 68.7% during 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 during the period. Catalyst Capital Advisors LLC purchased a new stake in UDR during the 4th quarter valued at $63,000. Crews Bank & Trust purchased a new stake in UDR during the 4th quarter valued at $76,000. Wingate Wealth Advisors Inc. purchased a new stake in UDR during the 4th quarter valued at $87,000. Finally, Atlas Capital Advisors Inc. purchased a new stake in UDR during the 4th quarter valued at $114,000. 97.84% of the stock is owned by hedge funds and other institutional investors.

UDR Stock Down 1.5%

Shares of UDR traded down $0.60 during midday trading on Friday, reaching $39.50. 2,890,754 shares of the stock were exchanged, compared to its average volume of 2,143,521. UDR, Inc. has a 52 week low of $36.61 and a 52 week 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 moving average is $41.98 and its two-hundred day moving average is $42.88. The company has a market capitalization of $13.09 billion, a P/E ratio of 157.99, a PEG 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 earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of $0.61. UDR had a return on equity of 2.65% and a net margin of 5.36%. The business had revenue of $419.84 million for the quarter, compared to the consensus estimate of $421.23 million. During the same quarter in the prior year, the company earned $0.61 EPS. The business's revenue was up 2.0% compared to the same quarter last year. On average, sell-side analysts anticipate that UDR, Inc. will post 2.51 earnings per share for the current year.

UDR Increases Dividend

The company also recently declared 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. This is an increase from UDR's previous quarterly dividend of $0.43. The ex-dividend date was Thursday, April 10th. This represents a $1.72 dividend on an annualized basis and a dividend yield of 4.35%. UDR's dividend payout ratio is presently 491.43%.

Analyst Ratings Changes

Several research firms recently weighed in on UDR. Wells Fargo & Company decreased their price target on UDR from $48.00 to $45.00 and set an "overweight" rating on the stock in a report on Friday, January 24th. Truist Financial lowered UDR from a "buy" rating to a "hold" rating and increased their price target for the company from $45.00 to $46.00 in a report on Monday, March 10th. Scotiabank increased their price target on UDR from $48.00 to $49.00 and gave the company a "sector perform" rating in a report on Friday, February 14th. Mizuho cut their price objective on UDR from $45.00 to $41.00 and set a "neutral" rating on the stock in a research report on Friday. Finally, Evercore ISI upped their price objective on UDR from $43.00 to $45.00 and gave the company an "in-line" rating in a research report on Monday, February 10th. One analyst has rated the stock with a sell rating, ten have issued a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat, UDR has an average rating of "Hold" and an average target price 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.