Landscape Capital Management L.L.C. purchased a new position in UDR, Inc. (NYSE:UDR – Free Report) in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 5,845 shares of the real estate investment trust’s stock, valued at approximately $240,000.
Several other hedge funds have also recently made changes to their positions in UDR. Cetera Investment Advisers raised its stake in UDR by 3.5% during the 1st quarter. Cetera Investment Advisers now owns 6,529 shares of the real estate investment trust’s stock valued at $375,000 after buying an additional 218 shares during the last quarter. Bessemer Group Inc. increased its position in UDR by 10.6% during the fourth quarter. Bessemer Group Inc. now owns 2,444 shares of the real estate investment trust’s stock valued at $95,000 after acquiring an additional 234 shares during the last quarter. Baird Financial Group Inc. boosted its position in UDR by 3.8% in the first quarter. Baird Financial Group Inc. now owns 6,525 shares of the real estate investment trust’s stock worth $374,000 after purchasing an additional 237 shares during the last quarter. Texas Permanent School Fund grew its stake in shares of UDR by 0.6% during the 4th quarter. Texas Permanent School Fund now owns 43,478 shares of the real estate investment trust’s stock valued at $1,684,000 after purchasing an additional 262 shares during the period. Finally, Bank of Nova Scotia increased its position in shares of UDR by 1.1% during the 4th quarter. Bank of Nova Scotia now owns 25,558 shares of the real estate investment trust’s stock valued at $990,000 after purchasing an additional 269 shares during the last quarter. 92.46% of the stock is owned by hedge funds and other institutional investors.
Wall Street Analyst Weigh In
Several analysts recently issued reports on UDR shares. TheStreet upgraded shares of UDR from a “c” rating to a “b” rating in a research report on Wednesday, July 26th. Barclays decreased their target price on UDR from $50.00 to $47.00 in a report on Wednesday, May 31st. Wolfe Research cut UDR from an “outperform” rating to a “peer perform” rating and set a $71.00 price target for the company. in a research report on Monday, May 15th. Mizuho lowered their price objective on UDR from $50.00 to $44.00 in a research report on Friday, May 19th. Finally, Piper Sandler increased their target price on shares of UDR from $45.00 to $46.00 in a report on Friday, July 28th. Nine equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat, UDR currently has a consensus rating of “Hold” and a consensus price target of $47.17.
UDR Stock Performance
NYSE:UDR opened at $38.41 on Monday. The stock’s 50 day simple moving average is $41.71 and its two-hundred day simple moving average is $41.46. The company has a debt-to-equity ratio of 1.33, a current ratio of 5.60 and a quick ratio of 5.60. The company has a market cap of $12.66 billion, a price-to-earnings ratio of 28.66, a PEG ratio of 2.07 and a beta of 0.77. UDR, Inc. has a 1 year low of $37.18 and a 1 year high of $49.38.
UDR Dividend Announcement
The business also recently disclosed a quarterly dividend, which was paid on Monday, July 31st. Shareholders of record on Monday, July 10th were given a dividend of $0.42 per share. The ex-dividend date was Friday, July 7th. This represents a $1.68 dividend on an annualized basis and a yield of 4.37%. UDR’s dividend payout ratio (DPR) is presently 125.37%.
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.
Featured Articles
- Five stocks we like better than UDR
- Unveiling The Power Of VWAP: A Key Indicator For Traders
- Farming Boom Fears Create a Buying Opportunity in Deere & Company
- High Flyers: 3 Natural Gas Stocks for March 2022
- MarketBeat Week in Review – 8/14 – 8/18
- Energy and Oil Stocks Explained
- 8 Best Artificial Intelligence Stocks Under $10
Receive News & Ratings for UDR Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for UDR and related companies with MarketBeat.com's FREE daily email newsletter.
