Point72 DIFC Ltd Invests $382,000 in UDR, Inc. (NYSE:UDR)

Point72 DIFC Ltd acquired a new stake in UDR, Inc. (NYSE:UDR) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 9,290 shares of the real estate investment trust’s stock, valued at approximately $382,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Vanguard Group Inc. raised its position in UDR by 0.5% in the 1st 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 in the last quarter. Presima Securities ULC purchased a new stake in shares of UDR during the fourth quarter worth approximately $18,256,000. BNP PARIBAS ASSET MANAGEMENT Holding S.A. raised its holdings in UDR by 370.6% in the first 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 acquiring an additional 175,566 shares in the last quarter. Simplicity Wealth LLC acquired a new stake in UDR in the second quarter valued at approximately $2,135,000. Finally, Hsbc Holdings PLC lifted its stake in UDR by 6.2% in the fourth quarter. Hsbc Holdings PLC now owns 761,659 shares of the real estate investment trust’s stock worth $29,205,000 after acquiring an additional 44,677 shares during the last quarter. 97.84% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities analysts recently commented on UDR shares. Wells Fargo & Company increased their target price on UDR from $41.00 to $48.00 and gave the company an “overweight” rating in a report on Monday, August 26th. JPMorgan Chase & Co. raised their target price on UDR from $43.00 to $50.00 and gave the stock an “overweight” rating in a research report on Monday, September 16th. Royal Bank of Canada decreased their target price on UDR from $41.00 to $40.00 and set a “sector perform” rating for the company in a research note on Thursday, August 1st. Deutsche Bank Aktiengesellschaft increased their price target on shares of UDR from $40.00 to $44.00 and gave the company a “hold” rating in a research note on Tuesday, September 10th. Finally, BMO Capital Markets upgraded shares of UDR from a “market perform” rating to an “outperform” rating and boosted their price objective for the stock from $39.00 to $45.00 in a research report on Monday, July 15th. One 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 currently has an average rating of “Hold” and an average price target of $44.28.

UDR Price Performance

UDR stock opened at $45.20 on Friday. The firm has a market cap of $14.91 billion, a P/E ratio of 32.75, a price-to-earnings-growth ratio of 10.09 and a beta of 0.85. The company has a debt-to-equity ratio of 1.57, a quick ratio of 5.82 and a current ratio of 5.82. UDR, Inc. has a 1 year low of $30.95 and a 1 year high of $47.55. The stock has a 50-day simple moving average of $43.23 and a 200-day simple moving average of $40.25.

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 the consensus estimate of $0.61 by ($0.53). UDR had a net margin of 8.34% and a return on equity of 3.70%. The firm had revenue of $415.30 million during the quarter, compared to analyst estimates of $413.75 million. During the same period last year, the business earned $0.61 EPS. The firm’s revenue was up 2.7% compared to the same quarter last year. On average, equities analysts predict that UDR, Inc. will post 2.47 earnings per share for the current fiscal year.

UDR Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 31st. Shareholders of record on Thursday, October 10th will be given a $0.425 dividend. The ex-dividend date of this dividend is Thursday, October 10th. This represents a $1.70 dividend on an annualized basis and a yield of 3.76%. UDR’s payout ratio is currently 123.19%.

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.