Inspire Investing LLC Sells 11,124 Shares of UDR, Inc. (NYSE:UDR)

Inspire Investing LLC decreased its stake in shares of UDR, Inc. (NYSE:UDR) by 23.4% in the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 36,457 shares of the real estate investment trust’s stock after selling 11,124 shares during the period. Inspire Investing LLC’s holdings in UDR were worth $1,500,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Principal Securities Inc. acquired a new stake in UDR during the fourth quarter worth approximately $26,000. Fidelis Capital Partners LLC acquired a new stake in UDR during the 1st quarter worth approximately $26,000. Family Firm Inc. acquired a new stake in UDR during the 2nd quarter worth approximately $26,000. Quest Partners LLC bought a new stake in UDR in the 4th quarter valued at $27,000. Finally, UMB Bank n.a. acquired a new position in UDR in the 2nd quarter valued at $33,000. Institutional investors and hedge funds own 97.84% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on UDR shares. Evercore ISI boosted their target price on shares of UDR from $42.00 to $43.00 and gave the company an “in-line” rating in a research report on Monday, September 9th. Deutsche Bank Aktiengesellschaft increased their target price on shares of UDR from $40.00 to $44.00 and gave the stock a “hold” rating in a research report on Tuesday, September 10th. BMO Capital Markets upgraded shares of UDR from a “market perform” rating to an “outperform” rating and lifted their price target for the company from $39.00 to $45.00 in a research report on Monday, July 15th. JPMorgan Chase & Co. increased their price target on UDR from $43.00 to $50.00 and gave the stock an “overweight” rating in a research report on Monday. Finally, Truist Financial lifted their price objective on UDR from $44.00 to $47.00 and gave the company a “buy” rating in a report on Monday, August 26th. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating and eight have issued a buy rating to the company’s stock. According to data from MarketBeat, UDR has a consensus rating of “Hold” and a consensus target price of $44.28.

UDR Stock Performance

Shares of UDR stock opened at $46.14 on Friday. The company’s 50 day moving average price is $42.83 and its two-hundred day moving average price is $40.00. The firm has a market capitalization of $15.22 billion, a P/E ratio of 33.44, a P/E/G ratio of 10.30 and a beta of 0.85. UDR, Inc. has a fifty-two week low of $30.95 and a fifty-two week high of $47.55. The company has a debt-to-equity ratio of 1.57, a current ratio of 5.82 and a quick ratio of 5.82.

UDR (NYSE:UDR) last released its quarterly earnings data on Tuesday, July 30th. The real estate investment trust reported $0.08 earnings per share for the quarter, missing the consensus estimate of $0.61 by ($0.53). The firm had revenue of $415.30 million for 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 company’s revenue was up 2.7% compared to the same quarter last year. During the same period last year, the business earned $0.61 EPS. On average, equities analysts forecast that UDR, Inc. will post 2.46 earnings per share for the current fiscal year.

UDR Company 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.