MBB Public Markets I LLC Takes Position in UDR, Inc. (NYSE:UDR)

MBB Public Markets I LLC purchased a new stake in shares of UDR, Inc. (NYSE:UDR) during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund purchased 23,425 shares of the real estate investment trust’s stock, valued at approximately $964,000.

A number of other institutional investors also recently bought and sold shares of the stock. Family Firm Inc. purchased a new position in shares of UDR during the 2nd quarter worth approximately $26,000. Fidelis Capital Partners LLC purchased a new stake in UDR in the first quarter worth $26,000. UMB Bank n.a. bought a new position in UDR in the second quarter worth $33,000. Rothschild Investment LLC purchased a new position in UDR during the second quarter valued at $35,000. Finally, Quest Partners LLC bought a new stake in shares of UDR during the 2nd quarter valued at $37,000. 97.84% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on UDR. BNP Paribas assumed coverage on shares of UDR in a research report on Wednesday, September 11th. They set an “outperform” rating and a $49.00 price target for the company. BMO Capital Markets raised UDR from a “market perform” rating to an “outperform” rating and boosted their price target for the stock from $39.00 to $45.00 in a research report on Monday, July 15th. Royal Bank of Canada reduced their price objective on UDR from $41.00 to $40.00 and set a “sector perform” rating for the company in a research report on Thursday, August 1st. Piper Sandler boosted their target price on UDR from $40.00 to $46.00 and gave the stock a “neutral” rating in a report on Monday, August 26th. Finally, Evercore ISI raised their price target on UDR from $42.00 to $43.00 and gave the company an “in-line” rating in a report on Monday, September 9th. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $44.28.

UDR Price Performance

Shares of NYSE:UDR opened at $45.34 on Tuesday. The firm’s 50 day moving average price is $43.44 and its 200-day moving average price is $40.44. The company has a quick ratio of 5.82, a current ratio of 5.82 and a debt-to-equity ratio of 1.57. The stock has a market capitalization of $14.95 billion, a PE ratio of 32.86, a price-to-earnings-growth ratio of 9.86 and a beta of 0.85. UDR, Inc. has a twelve month low of $30.95 and a twelve month high of $47.55.

UDR (NYSE:UDR) last issued 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). The business had revenue of $415.30 million for 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%. The company’s revenue was up 2.7% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.61 EPS. Equities research analysts expect that UDR, Inc. will post 2.47 EPS for the current year.

UDR Announces Dividend

The business also recently declared 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 yield of 3.75%. The ex-dividend date of this dividend is Thursday, October 10th. UDR’s payout ratio is 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.