UDR, Inc. (NYSE:UDR) Shares Purchased by Unigestion Holding SA

Unigestion Holding SA increased its holdings in shares of UDR, Inc. (NYSE:UDR - Free Report) by 98.7% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 34,725 shares of the real estate investment trust's stock after purchasing an additional 17,251 shares during the quarter. Unigestion Holding SA's holdings in UDR were worth $1,569,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors also recently modified their holdings of UDR. Sentry Investment Management LLC purchased a new stake in shares of UDR during the 1st quarter valued at about $47,000. Smartleaf Asset Management LLC boosted its holdings in UDR by 68.7% in the fourth quarter. Smartleaf Asset Management LLC now owns 1,206 shares of the real estate investment trust's stock worth $52,000 after purchasing an additional 491 shares during the last quarter. Continuum Advisory LLC grew its position in UDR by 38.0% in the 4th quarter. Continuum Advisory LLC now owns 1,275 shares of the real estate investment trust's stock worth $55,000 after purchasing an additional 351 shares during the period. Catalyst Capital Advisors LLC purchased a new stake in UDR during the 4th quarter valued at $63,000. Finally, Wingate Wealth Advisors Inc. bought a new position in shares of UDR during the 4th quarter valued at $87,000. 97.84% of the stock is owned by hedge funds and other institutional investors.

UDR Stock Down 0.5%

Shares of NYSE UDR traded down $0.22 during midday trading on Thursday, reaching $40.91. 3,626,395 shares of the company's stock traded hands, compared to its average volume of 2,160,384. The company has a market cap of $13.55 billion, a price-to-earnings ratio of 163.64, a P/E/G ratio of 8.67 and a beta of 0.84. The stock's 50 day simple moving average is $41.46 and its 200-day simple moving average is $42.69. 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.

UDR (NYSE:UDR - Get Free Report) last announced its quarterly earnings results on Wednesday, April 30th. The real estate investment trust reported $0.61 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $0.61. The business 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 business's revenue was up 2.0% compared to the same quarter last year. During the same period last year, the business posted $0.61 EPS. On average, analysts predict that UDR, Inc. will post 2.51 EPS for the current fiscal year.

UDR Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, April 30th. Shareholders of record on Thursday, April 10th were given a dividend of $0.43 per share. This represents a $1.72 annualized dividend and a dividend yield of 4.20%. This is a positive change from UDR's previous quarterly dividend of $0.43. The ex-dividend date of this dividend was Thursday, April 10th. UDR's dividend payout ratio is presently 491.43%.

Analysts Set New Price Targets

UDR has been the subject of a number of recent research reports. Barclays boosted their price target on UDR from $48.00 to $51.00 and gave the company an "overweight" rating in a research note on Friday, May 9th. Mizuho reduced their price objective on UDR from $45.00 to $41.00 and set a "neutral" rating on the stock in a research note on Friday, May 23rd. Evercore ISI boosted their price objective on shares of UDR from $43.00 to $45.00 and gave the company an "in-line" rating in a research report on Monday, February 10th. Scotiabank upped their target price on UDR from $48.00 to $49.00 and gave the company a "sector perform" rating in a research note on Friday, February 14th. Finally, Wall Street Zen raised UDR from a "sell" rating to a "hold" rating in a research note on Thursday, February 6th. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating and seven have issued a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Hold" and a consensus target price of $46.44.

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.