1,304 Shares in UDR, Inc. (NYSE:UDR) Bought by Point72 Asia Singapore Pte. Ltd.

Point72 Asia Singapore Pte. Ltd. purchased a new position in UDR, Inc. (NYSE:UDR) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 1,304 shares of the real estate investment trust’s stock, valued at approximately $54,000.

Other institutional investors also recently bought and sold shares of the company. Fidelis Capital Partners LLC bought a new stake in shares of UDR during the 1st quarter valued at $26,000. Family Firm Inc. bought a new stake in UDR during the second quarter worth approximately $26,000. UMB Bank n.a. bought a new position in UDR during the second quarter valued at $33,000. Rothschild Investment LLC purchased a new stake in UDR in the 2nd quarter worth about $35,000. Finally, Quest Partners LLC bought a new stake in shares of UDR during the 2nd quarter worth approximately $37,000. 97.84% of the stock is owned by institutional investors.

UDR Stock Up 0.8 %

UDR stock opened at $45.34 on Tuesday. The company has a market capitalization of $14.95 billion, a P/E ratio of 32.86, a price-to-earnings-growth ratio of 9.86 and a beta of 0.85. UDR, Inc. has a 12 month low of $30.95 and a 12 month high of $47.55. The firm’s fifty day simple moving average is $43.44 and its 200-day simple moving average is $40.44. The company has a debt-to-equity ratio of 1.57, a current ratio of 5.82 and a quick ratio of 5.82.

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 analysts’ consensus estimates of $0.61 by ($0.53). UDR had a net margin of 8.34% and a return on equity of 3.70%. The company had revenue of $415.30 million for the quarter, compared to analysts’ expectations of $413.75 million. During the same quarter in the previous year, the business posted $0.61 EPS. The business’s quarterly revenue was up 2.7% on a year-over-year basis. As a group, equities research analysts forecast that UDR, Inc. will post 2.47 earnings per share for the current year.

UDR Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, October 31st. Investors of record on Thursday, October 10th will be issued a dividend of $0.425 per share. This represents a $1.70 dividend on an annualized basis and a yield of 3.75%. The ex-dividend date is Thursday, October 10th. UDR’s dividend payout ratio (DPR) is presently 123.19%.

Wall Street Analyst Weigh In

A number of brokerages have commented on UDR. Piper Sandler upped their target price on shares of UDR from $40.00 to $46.00 and gave the stock a “neutral” rating in a research note on Monday, August 26th. Royal Bank of Canada decreased their price target on shares of UDR from $41.00 to $40.00 and set a “sector perform” rating for the company in a research report on Thursday, August 1st. Truist Financial lifted their price objective on shares of UDR from $44.00 to $47.00 and gave the stock a “buy” rating in a research report on Monday, August 26th. Wells Fargo & Company increased their target price on shares of UDR from $41.00 to $48.00 and gave the company an “overweight” rating in a research report on Monday, August 26th. Finally, Wedbush lifted their price target on shares of UDR from $45.00 to $49.00 and gave the stock an “outperform” rating in a report on Monday, August 5th. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $44.28.

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.