Bank of Montreal Can Raises Stake in UDR, Inc. (NYSE:UDR)

Bank of Montreal Can raised its position in shares of UDR, Inc. (NYSE:UDR) by 3.4% during the 2nd quarter, Holdings Channel.com reports. The firm owned 443,492 shares of the real estate investment trust’s stock after purchasing an additional 14,755 shares during the period. Bank of Montreal Can’s holdings in UDR were worth $18,250,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in UDR. Fidelis Capital Partners LLC purchased a new position in UDR during the first quarter valued at approximately $26,000. Family Firm Inc. purchased a new position in UDR during the second quarter valued at approximately $26,000. Quest Partners LLC purchased a new position in UDR during the fourth quarter valued at approximately $27,000. UMB Bank n.a. purchased a new position in UDR during the second quarter valued at approximately $33,000. Finally, Rothschild Investment LLC purchased a new position in UDR during the second quarter valued at approximately $35,000. Hedge funds and other institutional investors own 97.84% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have recently commented on UDR shares. BNP Paribas started coverage on shares of UDR in a report on Wednesday, September 11th. They issued an “outperform” rating and a $49.00 target price on the stock. Wedbush boosted their target price on shares of UDR from $45.00 to $49.00 and gave the stock an “outperform” rating in a report on Monday, August 5th. The Goldman Sachs Group started coverage on shares of UDR in a report on Wednesday, September 4th. They issued a “sell” rating and a $42.00 target price on the stock. JPMorgan Chase & Co. boosted their target price on shares of UDR from $43.00 to $50.00 and gave the stock an “overweight” rating in a report on Monday, September 16th. Finally, Piper Sandler boosted their target price on shares of UDR from $40.00 to $46.00 and gave the stock a “neutral” rating in a report on Monday, August 26th. One 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. According to data from MarketBeat.com, UDR currently has a consensus rating of “Hold” and a consensus target price of $44.28.

UDR Trading Down 0.5 %

Shares of UDR opened at $44.99 on Friday. The company’s fifty day moving average is $43.37 and its 200 day moving average is $40.34. UDR, Inc. has a fifty-two week low of $30.95 and a fifty-two week high of $47.55. The stock has a market capitalization of $14.84 billion, a PE ratio of 32.60, a P/E/G 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 (NYSE:UDR) last posted 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 firm had revenue of $415.30 million for the quarter, compared to the consensus estimate of $413.75 million. During the same quarter last year, the firm earned $0.61 EPS. The company’s revenue was up 2.7% on a year-over-year basis. Sell-side analysts expect that UDR, Inc. will post 2.47 earnings per share for the current fiscal year.

UDR Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 31st. Investors of record on Thursday, October 10th will be given a $0.425 dividend. This represents a $1.70 dividend on an annualized basis and a yield of 3.78%. The ex-dividend date is Thursday, October 10th. UDR’s dividend payout ratio (DPR) 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.