V Square Quantitative Management LLC Has $233,000 Stock Position in UDR, Inc. (NYSE:UDR)

V Square Quantitative Management LLC raised its holdings in UDR, Inc. (NYSE:UDR) by 12.4% in the 2nd quarter, according to the company in its most recent filing with the SEC. The firm owned 5,658 shares of the real estate investment trust’s stock after acquiring an additional 626 shares during the quarter. V Square Quantitative Management LLC’s holdings in UDR were worth $233,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Vanguard Group Inc. raised its stake in UDR by 0.5% during the 1st quarter. Vanguard Group Inc. now owns 51,063,214 shares of the real estate investment trust’s stock worth $1,910,275,000 after buying an additional 233,475 shares during the period. Norges Bank acquired a new position in UDR during the 4th quarter worth approximately $1,065,482,000. Cohen & Steers Inc. raised its stake in UDR by 3.8% during the 4th quarter. Cohen & Steers Inc. now owns 26,775,574 shares of the real estate investment trust’s stock worth $1,025,351,000 after buying an additional 984,807 shares during the period. Centersquare Investment Management LLC raised its stake in UDR by 17.7% during the 1st quarter. Centersquare Investment Management LLC now owns 9,550,638 shares of the real estate investment trust’s stock worth $363,688,000 after buying an additional 1,433,463 shares during the period. Finally, Daiwa Securities Group Inc. raised its stake in UDR by 22.3% during the 1st quarter. Daiwa Securities Group Inc. now owns 7,467,881 shares of the real estate investment trust’s stock worth $279,373,000 after buying an additional 1,359,804 shares during the period. 97.84% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several brokerages have recently commented on UDR. BMO Capital Markets raised UDR from a “market perform” rating to an “outperform” rating and increased their price objective for the stock from $39.00 to $45.00 in a research note on Monday, July 15th. Wells Fargo & Company increased their price objective on UDR from $39.00 to $41.00 and gave the stock an “overweight” rating in a research note on Friday, May 31st. Mizuho increased their price objective on UDR from $35.00 to $38.00 and gave the stock a “neutral” rating in a research note on Thursday, May 30th. JPMorgan Chase & Co. increased their price objective on UDR from $42.00 to $43.00 and gave the stock an “overweight” rating in a research note on Monday, June 17th. Finally, Scotiabank increased their price objective on UDR from $42.00 to $43.00 and gave the stock a “sector perform” rating in a research note on Wednesday, August 7th. Eleven equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Hold” and an average price target of $41.61.

UDR Stock Performance

Shares of UDR stock traded up $0.21 during trading hours on Wednesday, reaching $41.90. The company had a trading volume of 325,344 shares, compared to its average volume of 2,653,153. UDR, Inc. has a one year low of $30.95 and a one year high of $42.42. The business has a fifty day simple moving average of $40.77 and a 200 day simple moving average of $38.44. The company has a debt-to-equity ratio of 1.57, a current ratio of 5.82 and a quick ratio of 5.82. The firm has a market cap of $13.82 billion, a PE ratio of 30.41, a price-to-earnings-growth ratio of 9.22 and a beta of 0.83.

UDR (NYSE:UDR) last issued its quarterly earnings data on Tuesday, July 30th. The real estate investment trust reported $0.08 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.61 by ($0.53). UDR had a return on equity of 3.70% and a net margin of 8.34%. The business had revenue of $415.30 million during the quarter, compared to analysts’ expectations of $413.75 million. During the same quarter last year, the business posted $0.61 EPS. The company’s quarterly revenue was up 2.7% on a year-over-year basis. On average, analysts anticipate that UDR, Inc. will post 2.45 earnings per share for the current fiscal year.

UDR Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, July 31st. Shareholders of record on Wednesday, July 10th were given a dividend of $0.425 per share. The ex-dividend date was Wednesday, July 10th. This represents a $1.70 dividend on an annualized basis and a yield of 4.06%. UDR’s payout ratio is 123.19%.

Insider Buying and Selling at UDR

In other UDR news, CEO Thomas W. Toomey sold 90,000 shares of the firm’s stock in a transaction dated Friday, June 7th. The stock was sold at an average price of $39.52, for a total transaction of $3,556,800.00. Following the sale, the chief executive officer now owns 849,716 shares in the company, valued at $33,580,776.32. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 3.73% of the company’s stock.

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.