Vert Asset Management LLC Buys 8,817 Shares of UDR, Inc. (NYSE:UDR)

Vert Asset Management LLC grew its position in shares of UDR, Inc. (NYSE:UDR - Free Report) by 6.4% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 146,679 shares of the real estate investment trust's stock after buying an additional 8,817 shares during the period. UDR comprises 2.3% of Vert Asset Management LLC's portfolio, making the stock its 16th largest position. Vert Asset Management LLC's holdings in UDR were worth $6,625,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Asset Management One Co. Ltd. grew its stake in UDR by 7.9% during the 4th quarter. Asset Management One Co. Ltd. now owns 587,772 shares of the real estate investment trust's stock worth $25,515,000 after buying an additional 42,926 shares during the last quarter. Principal Financial Group Inc. raised its holdings in shares of 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% during the 3rd quarter. JPMorgan Chase & Co. now owns 7,774,541 shares of the real estate investment trust's stock valued at $352,498,000 after acquiring an additional 368,087 shares during the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd lifted its holdings in shares of UDR by 7.0% during the fourth 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 during the last quarter. Finally, Charles Schwab Investment Management Inc. increased its position in shares of UDR by 2.2% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 4,367,054 shares of the real estate investment trust's stock worth $189,574,000 after acquiring an additional 95,022 shares in the last quarter. 97.84% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research firms recently commented on UDR. Scotiabank raised their price target on shares of UDR from $48.00 to $49.00 and gave the stock a "sector perform" rating in a report on Friday, February 14th. Royal Bank of Canada upped their target price on UDR from $43.00 to $44.00 and gave the stock a "sector perform" rating in a research report on Thursday, May 8th. Mizuho cut their price target on UDR from $45.00 to $41.00 and set a "neutral" rating for the company in a research note on Friday, May 23rd. Truist Financial cut UDR from a "buy" rating to a "hold" rating and boosted their price target for the company from $45.00 to $46.00 in a research note on Monday, March 10th. Finally, Zelman & Associates reiterated a "neutral" rating on shares of UDR in a research note on Thursday, February 13th. One 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 company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average target price of $46.44.

UDR Stock Performance

UDR traded up $0.36 during trading on Thursday, hitting $41.93. The stock had a trading volume of 1,283,151 shares, compared to its average volume of 2,153,009. The firm has a market cap of $13.89 billion, a PE ratio of 167.72, a P/E/G ratio of 8.67 and a beta of 0.83. The company has a current ratio of 5.61, a quick ratio of 5.91 and a debt-to-equity ratio of 1.71. UDR, Inc. has a 12 month low of $36.61 and a 12 month high of $47.55. The company has a 50 day simple moving average of $41.21 and a 200-day simple moving average of $42.58.

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, meeting the consensus estimate of $0.61. UDR had a return on equity of 2.65% and a net margin of 5.36%. The company had revenue of $419.84 million for the quarter, compared to the consensus estimate of $421.23 million. During the same period last year, the business posted $0.61 earnings per share. The firm's revenue was up 2.0% compared to the same quarter last year. Analysts expect that UDR, Inc. will post 2.51 EPS for the current year.

UDR Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, July 31st. Shareholders of record on Thursday, July 10th will be given a $0.43 dividend. This represents a $1.72 annualized dividend and a yield of 4.10%. 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.