Los Angeles Capital Management LLC Buys Shares of 20,928 UDR, Inc. (NYSE:UDR)

Los Angeles Capital Management LLC bought a new position in shares of UDR, Inc. (NYSE:UDR) during the second quarter, HoldingsChannel.com reports. The firm bought 20,928 shares of the real estate investment trust’s stock, valued at approximately $861,000.

Several other institutional investors also recently modified their holdings of UDR. Vanguard Group Inc. grew its holdings in UDR by 0.5% during the first quarter. Vanguard Group Inc. now owns 51,063,214 shares of the real estate investment trust’s stock valued at $1,910,275,000 after purchasing an additional 233,475 shares during the period. Presima Securities ULC bought a new position in shares of UDR during the fourth quarter worth $18,256,000. BNP PARIBAS ASSET MANAGEMENT Holding S.A. grew its holdings in shares of UDR by 370.6% in the 1st quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 222,940 shares of the real estate investment trust’s stock valued at $8,340,000 after buying an additional 175,566 shares during the period. Simplicity Wealth LLC acquired a new stake in UDR during the 2nd quarter worth $2,135,000. Finally, Hsbc Holdings PLC raised its stake in UDR by 6.2% during the 4th quarter. Hsbc Holdings PLC now owns 761,659 shares of the real estate investment trust’s stock worth $29,205,000 after buying an additional 44,677 shares during the period. 97.84% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on UDR. Truist Financial increased their price target on UDR from $44.00 to $47.00 and gave the stock a “buy” rating in a report on Monday, August 26th. Evercore ISI raised their target price on shares of UDR from $42.00 to $43.00 and gave the stock an “in-line” rating in a report on Monday. BNP Paribas began coverage on shares of UDR in a report on Wednesday. They issued an “outperform” rating and a $49.00 price target for the company. UBS Group boosted their price objective on shares of UDR from $48.00 to $52.00 and gave the company a “buy” rating in a research report on Thursday. Finally, Mizuho increased their target price on UDR from $35.00 to $38.00 and gave the stock a “neutral” rating in a report on Thursday, May 30th. One research analyst has rated the stock with a sell rating, ten have given a hold rating and eight have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $43.67.

UDR Price Performance

NYSE:UDR opened at $46.55 on Friday. The stock has a market capitalization of $15.33 billion, a PE ratio of 33.73, a P/E/G ratio of 9.66 and a beta of 0.85. UDR, Inc. has a 1-year low of $30.95 and a 1-year high of $46.64. The firm has a fifty day simple moving average of $42.25 and a 200 day simple moving average of $39.61. The company has a current ratio of 5.82, a quick ratio of 5.82 and a debt-to-equity ratio of 1.57.

UDR (NYSE:UDR) last announced its quarterly earnings results on Tuesday, July 30th. The real estate investment trust reported $0.08 EPS for the quarter, missing analysts’ consensus estimates of $0.61 by ($0.53). The firm had revenue of $415.30 million during the quarter, compared to analyst estimates of $413.75 million. UDR had a net margin of 8.34% and a return on equity of 3.70%. The business’s revenue was up 2.7% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.61 EPS. On average, research analysts expect that UDR, Inc. will post 2.46 EPS for the current fiscal year.

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.