Elo Mutual Pension Insurance Co Acquires 2,608 Shares of UDR, Inc. (NYSE:UDR)

Elo Mutual Pension Insurance Co grew its holdings in UDR, Inc. (NYSE:UDR) by 9.2% in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 30,865 shares of the real estate investment trust’s stock after buying an additional 2,608 shares during the period. Elo Mutual Pension Insurance Co’s holdings in UDR were worth $1,270,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently made changes to their positions in the business. Principal Securities Inc. purchased a new position in UDR in the fourth quarter worth about $26,000. Fidelis Capital Partners LLC purchased a new position in shares of UDR in the 1st quarter worth approximately $26,000. Family Firm Inc. bought a new position in shares of UDR during the 2nd quarter valued at approximately $26,000. Quest Partners LLC purchased a new stake in UDR during the 4th quarter valued at $27,000. Finally, UMB Bank n.a. bought a new stake in UDR in the second quarter worth $33,000. 97.84% of the stock is currently owned by institutional investors.

UDR Stock Performance

UDR stock opened at $45.62 on Friday. 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, Inc. has a 1-year low of $30.95 and a 1-year high of $47.55. The business has a 50-day moving average price of $42.94 and a 200 day moving average price of $40.06. The company has a market capitalization of $15.02 billion, a P/E ratio of 33.06, a PEG ratio of 10.30 and a beta of 0.85.

UDR (NYSE:UDR) last announced its quarterly earnings results on Tuesday, July 30th. The real estate investment trust reported $0.08 earnings per share for the quarter, missing the consensus estimate of $0.61 by ($0.53). UDR had a return on equity of 3.70% and a net margin of 8.34%. The business had revenue of $415.30 million during the quarter, compared to analysts’ expectations of $413.75 million. During the same period in the previous year, the company posted $0.61 EPS. UDR’s revenue for the quarter was up 2.7% on a year-over-year basis. As a group, equities research analysts forecast that UDR, Inc. will post 2.46 EPS for the current fiscal year.

UDR Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, October 31st. Stockholders of record on Thursday, October 10th will be issued a $0.425 dividend. The ex-dividend date is Thursday, October 10th. This represents a $1.70 dividend on an annualized basis and a dividend yield of 3.73%. UDR’s dividend payout ratio is presently 123.19%.

Analyst Ratings Changes

A number of research analysts have weighed in on the stock. Mizuho boosted their price objective on shares of UDR from $35.00 to $38.00 and gave the company a “neutral” rating in a research report on Thursday, May 30th. Piper Sandler upped their price target on shares of UDR from $40.00 to $46.00 and gave the company a “neutral” rating in a report on Monday, August 26th. 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 research note on Thursday, September 12th. JPMorgan Chase & Co. upped their target price on UDR from $43.00 to $50.00 and gave the company an “overweight” rating in a research note on Monday, September 16th. Finally, BNP Paribas assumed coverage on UDR in a report on Wednesday, September 11th. They issued an “outperform” rating and a $49.00 price target on the stock. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat.com, UDR currently has an average rating of “Hold” and an average price target of $44.28.

About UDR

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.