APG Asset Management N.V. Boosts Stake in UDR, Inc. (NYSE:UDR)

APG Asset Management N.V. raised its position in UDR, Inc. (NYSE:UDR) by 1,835.6% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 210,579 shares of the real estate investment trust’s stock after buying an additional 199,700 shares during the period. APG Asset Management N.V. owned 0.06% of UDR worth $8,085,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. TD Asset Management Inc increased its stake in shares of UDR by 4.1% during the 4th quarter. TD Asset Management Inc now owns 100,824 shares of the real estate investment trust’s stock worth $3,861,000 after purchasing an additional 4,010 shares during the last quarter. Treasurer of the State of North Carolina increased its stake in shares of UDR by 1.0% during the 4th quarter. Treasurer of the State of North Carolina now owns 149,716 shares of the real estate investment trust’s stock worth $5,733,000 after purchasing an additional 1,430 shares during the last quarter. Bank of Nova Scotia increased its stake in shares of UDR by 34.4% during the 4th quarter. Bank of Nova Scotia now owns 38,255 shares of the real estate investment trust’s stock worth $1,465,000 after purchasing an additional 9,795 shares during the last quarter. California State Teachers Retirement System increased its stake in shares of UDR by 0.5% during the 4th quarter. California State Teachers Retirement System now owns 477,638 shares of the real estate investment trust’s stock worth $18,289,000 after purchasing an additional 2,414 shares during the last quarter. Finally, Rafferty Asset Management LLC increased its stake in shares of UDR by 19.8% during the 4th quarter. Rafferty Asset Management LLC now owns 40,583 shares of the real estate investment trust’s stock worth $1,554,000 after purchasing an additional 6,720 shares during the last quarter. Hedge funds and other institutional investors own 97.84% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on UDR shares. The Goldman Sachs Group assumed coverage on shares of UDR in a research note on Wednesday, September 4th. They set a “sell” rating and a $42.00 price target for the company. Wells Fargo & Company raised their price objective on shares of UDR from $41.00 to $48.00 and gave the stock an “overweight” rating in a report on Monday, August 26th. Deutsche Bank Aktiengesellschaft raised their price objective on shares of UDR from $40.00 to $44.00 and gave the stock a “hold” rating in a report on Tuesday, September 10th. UBS Group raised their price objective on shares of UDR from $48.00 to $52.00 and gave the stock a “buy” rating in a report on Thursday, September 12th. Finally, Truist Financial raised their price objective on shares of UDR from $44.00 to $47.00 and gave the stock a “buy” rating in a report on Monday, August 26th. One analyst has rated the stock with a sell rating, ten have assigned a hold rating and eight have given a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $44.28.

UDR Price Performance

Shares of NYSE:UDR opened at $44.99 on Monday. The stock has a market cap of $14.82 billion, a PE ratio of 32.60, a PEG ratio of 10.09 and a beta of 0.85. The company’s fifty day moving average is $43.37 and its 200 day moving average is $40.36. 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.

UDR (NYSE:UDR) last issued its earnings results on Tuesday, July 30th. The real estate investment trust reported $0.08 EPS for the quarter, missing analysts’ consensus estimates of $0.61 by ($0.53). The business had revenue of $415.30 million during the quarter, compared to analysts’ expectations of $413.75 million. UDR had a return on equity of 3.70% and a net margin of 8.34%. UDR’s revenue for the quarter was up 2.7% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.61 EPS. Research analysts anticipate that UDR, Inc. will post 2.47 earnings per share for the current 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. This represents a $1.70 dividend on an annualized basis and a dividend yield of 3.78%. The ex-dividend date of this dividend is Thursday, October 10th. UDR’s payout ratio is 123.19%.

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.