UDR, Inc. (NYSE:UDR) Shares Purchased by Blue Trust Inc.

Blue Trust Inc. increased its position in shares of UDR, Inc. (NYSE:UDR) by 229.0% during the 3rd quarter, HoldingsChannel reports. The fund owned 3,422 shares of the real estate investment trust’s stock after acquiring an additional 2,382 shares during the quarter. Blue Trust Inc.’s holdings in UDR were worth $155,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. CWM LLC boosted its position in shares of UDR by 10.0% during the 3rd quarter. CWM LLC now owns 3,802 shares of the real estate investment trust’s stock valued at $172,000 after acquiring an additional 347 shares during the last quarter. Mather Group LLC. lifted its position in UDR by 58.2% in the third quarter. Mather Group LLC. now owns 998 shares of the real estate investment trust’s stock valued at $45,000 after buying an additional 367 shares during the last quarter. Truist Financial Corp lifted its position in UDR by 0.6% in the second quarter. Truist Financial Corp now owns 66,673 shares of the real estate investment trust’s stock valued at $2,744,000 after buying an additional 414 shares during the last quarter. Integrity Wealth Solutions LLC lifted its position in UDR by 8.2% in the first quarter. Integrity Wealth Solutions LLC now owns 6,409 shares of the real estate investment trust’s stock valued at $240,000 after buying an additional 484 shares during the last quarter. Finally, Covestor Ltd lifted its position in UDR by 18.3% in the first quarter. Covestor Ltd now owns 3,336 shares of the real estate investment trust’s stock valued at $125,000 after buying an additional 515 shares during the last quarter. Institutional investors and hedge funds own 97.84% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have commented on UDR. Wells Fargo & Company upped their target price on shares of UDR from $41.00 to $48.00 and gave the company an “overweight” rating in a research report on Monday, August 26th. Scotiabank boosted their price target on shares of UDR from $45.00 to $49.00 and gave the stock a “sector perform” rating in a research note on Monday, September 16th. Truist Financial boosted their price target on shares of UDR from $44.00 to $47.00 and gave the stock a “buy” rating in a research note on Monday, August 26th. BNP Paribas assumed coverage on shares of UDR in a research note on Wednesday, September 11th. They set an “outperform” rating and a $49.00 price target on the stock. Finally, Royal Bank of Canada dropped their price target on shares of UDR from $41.00 to $40.00 and set a “sector perform” rating on the stock in a research note on Thursday, August 1st. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $44.28.

UDR Stock Performance

NYSE UDR opened at $43.87 on Monday. The firm has a market capitalization of $14.45 billion, a P/E ratio of 31.79, a P/E/G ratio of 9.70 and a beta of 0.85. UDR, Inc. has a 1-year low of $30.95 and a 1-year high of $47.55. The company has a debt-to-equity ratio of 1.57, a current ratio of 5.82 and a quick ratio of 5.82. The business’s 50-day simple moving average is $44.63 and its 200-day simple moving average is $41.40.

UDR (NYSE:UDR) last released its quarterly earnings results on Tuesday, July 30th. The real estate investment trust reported $0.08 EPS for the quarter, missing the consensus estimate of $0.61 by ($0.53). The company had revenue of $415.30 million for the quarter, compared to analyst estimates of $413.75 million. UDR had a return on equity of 3.70% and a net margin of 8.34%. The business’s revenue was up 2.7% on a year-over-year basis. During the same period last year, the firm posted $0.61 earnings per share. Equities analysts predict 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. Investors of record on Thursday, October 10th will be given a dividend of $0.425 per share. This represents a $1.70 annualized dividend and a yield of 3.88%. The ex-dividend date of this dividend is Thursday, October 10th. UDR’s dividend payout ratio (DPR) is presently 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.