XTX Topco Ltd Takes $1.45 Million Position in UDR, Inc. (NYSE:UDR)

XTX Topco Ltd bought a new position in UDR, Inc. (NYSE:UDR) during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund bought 35,164 shares of the real estate investment trust’s stock, valued at approximately $1,447,000.

Other hedge funds also recently made changes to their positions in the company. Principal Securities Inc. bought a new stake in UDR in the fourth quarter worth $26,000. Jump Financial LLC bought a new stake in shares of UDR in the 4th quarter worth about $373,000. Envestnet Portfolio Solutions Inc. purchased a new stake in shares of UDR during the 4th quarter valued at about $239,000. Vanguard Personalized Indexing Management LLC grew its position in UDR by 12.3% in the fourth quarter. Vanguard Personalized Indexing Management LLC now owns 16,084 shares of the real estate investment trust’s stock worth $616,000 after acquiring an additional 1,767 shares in the last quarter. Finally, Robeco Institutional Asset Management B.V. increased its stake in UDR by 143.6% during the fourth quarter. Robeco Institutional Asset Management B.V. now owns 5,949 shares of the real estate investment trust’s stock worth $228,000 after acquiring an additional 3,507 shares during the last quarter. 97.84% of the stock is currently owned by hedge funds and other institutional investors.

UDR Stock Performance

Shares of UDR stock opened at $45.62 on Friday. The firm has a market cap of $15.02 billion, a price-to-earnings ratio of 33.06, a PEG ratio of 10.30 and a beta of 0.85. UDR, Inc. has a 52-week low of $30.95 and a 52-week high of $47.55. The company has a quick ratio of 5.82, a current ratio of 5.82 and a debt-to-equity ratio of 1.57. The company’s 50 day moving average is $42.94 and its 200 day moving average is $40.06.

UDR (NYSE:UDR) last released its quarterly earnings results on Tuesday, July 30th. The real estate investment trust reported $0.08 EPS for the quarter, missing the consensus estimate of $0.61 by ($0.53). The company had revenue of $415.30 million during the quarter, compared to the consensus estimate of $413.75 million. UDR had a return on equity of 3.70% and a net margin of 8.34%. The company’s revenue was up 2.7% on a year-over-year basis. During the same period in the previous year, the firm posted $0.61 earnings per share. On average, sell-side analysts anticipate that UDR, Inc. will post 2.46 EPS for the current fiscal year.

UDR Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 31st. Investors of record on Thursday, October 10th will be paid a dividend of $0.425 per share. This represents a $1.70 dividend on an annualized basis and a dividend yield of 3.73%. The ex-dividend date of this dividend is Thursday, October 10th. UDR’s dividend payout ratio (DPR) is currently 123.19%.

Analysts Set New Price Targets

Several research firms have recently issued reports on UDR. Scotiabank raised their price objective on UDR from $45.00 to $49.00 and gave the company a “sector perform” rating in a research note on Monday, September 16th. Piper Sandler boosted their price objective on shares of UDR from $40.00 to $46.00 and gave the company a “neutral” rating in a research report on Monday, August 26th. BMO Capital Markets raised shares of UDR from a “market perform” rating to an “outperform” rating and increased their target price for the company from $39.00 to $45.00 in a research note on Monday, July 15th. Evercore ISI lifted their price target on shares of UDR from $42.00 to $43.00 and gave the stock an “in-line” rating in a research note on Monday, September 9th. Finally, Royal Bank of Canada decreased their price objective on shares of UDR from $41.00 to $40.00 and set a “sector perform” rating for the company in a research note on Thursday, August 1st. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating and eight have assigned a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $44.28.

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.