SG Americas Securities LLC Has $284,000 Position in UDR, Inc. (NYSE:UDR)

Posted by Defense World Staff on May 9th, 2023

SG Americas Securities LLC reduced its stake in UDR, Inc. (NYSE:UDR – Get Rating) by 28.4% in the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 7,345 shares of the real estate investment trust’s stock after selling 2,908 shares during the quarter. SG Americas Securities LLC’s holdings in UDR were worth $284,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of the business. Forsta AP Fonden increased its position in shares of UDR by 25.4% during the fourth quarter. Forsta AP Fonden now owns 74,500 shares of the real estate investment trust’s stock valued at $2,885,000 after purchasing an additional 15,100 shares during the period. ProShare Advisors LLC increased its position in shares of UDR by 11.4% during the fourth quarter. ProShare Advisors LLC now owns 110,799 shares of the real estate investment trust’s stock valued at $4,291,000 after purchasing an additional 11,316 shares during the period. Tobam increased its position in shares of UDR by 60.3% during the fourth quarter. Tobam now owns 2,473 shares of the real estate investment trust’s stock valued at $96,000 after purchasing an additional 930 shares during the period. State of New Jersey Common Pension Fund D raised its stake in UDR by 20.8% during the fourth quarter. State of New Jersey Common Pension Fund D now owns 438,045 shares of the real estate investment trust’s stock worth $16,965,000 after acquiring an additional 75,320 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank raised its stake in UDR by 2.4% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 169,085 shares of the real estate investment trust’s stock worth $6,549,000 after acquiring an additional 3,968 shares in the last quarter. 92.09% of the stock is currently owned by institutional investors and hedge funds.

UDR Stock Down 0.1 %

UDR stock opened at $41.27 on Tuesday. The company has a current ratio of 4.91, a quick ratio of 4.91 and a debt-to-equity ratio of 1.44. The firm has a market capitalization of $13.58 billion, a PE ratio of 137.57, a PEG ratio of 2.14 and a beta of 0.76. UDR, Inc. has a 1-year low of $37.18 and a 1-year high of $50.65. The business’s 50 day simple moving average is $40.62 and its 200 day simple moving average is $40.59.

UDR (NYSE:UDR – Get Rating) last released its earnings results on Monday, February 6th. The real estate investment trust reported $0.13 earnings per share for the quarter, missing analysts’ consensus estimates of $0.61 by ($0.48). The company had revenue of $399.70 million for the quarter, compared to the consensus estimate of $399.16 million. UDR had a net margin of 6.68% and a return on equity of 2.94%. The business’s revenue was up 15.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.54 earnings per share. As a group, research analysts anticipate that UDR, Inc. will post 2.49 EPS for the current year.

UDR Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, May 1st. Investors of record on Monday, April 10th were given a dividend of $0.42 per share. This is an increase from UDR’s previous quarterly dividend of $0.38. This represents a $1.68 annualized dividend and a dividend yield of 4.07%. The ex-dividend date of this dividend was Thursday, April 6th. UDR’s dividend payout ratio is currently 560.02%.

Wall Street Analyst Weigh In

Several research analysts have issued reports on UDR shares. Robert W. Baird increased their price objective on UDR from $47.00 to $49.00 and gave the stock an “outperform” rating in a research note on Thursday, February 9th. Mizuho lifted their price objective on UDR from $44.00 to $50.00 and gave the stock a “neutral” rating in a research report on Thursday, February 23rd. Wells Fargo & Company began coverage on UDR in a research report on Wednesday, March 29th. They issued an “overweight” rating and a $44.50 price objective for the company. StockNews.com began coverage on UDR in a research report on Thursday, March 16th. They issued a “hold” rating for the company. Finally, Barclays lifted their price objective on UDR from $44.00 to $50.00 and gave the stock an “overweight” rating in a research report on Wednesday, March 1st. Eight research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $47.66.

UDR Company Profile

(Get Rating)

UDR, Inc is a real estate investment trust, which owns, operates, acquires, renovates, develops, redevelops, disposes of, and manages multifamily apartment communities. It engages in the multi-family real estate investment trust business. The firm operates through the Same-Store Communities and Non-Mature Communities/Other segments.