Oppenheimer Asset Management Inc. Purchases 1,261 Shares of UDR, Inc. (NYSE:UDR)

Oppenheimer Asset Management Inc. grew its holdings in UDR, Inc. (NYSE:UDR) by 5.8% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 23,041 shares of the real estate investment trust’s stock after purchasing an additional 1,261 shares during the quarter. Oppenheimer Asset Management Inc.’s holdings in UDR were worth $948,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of the business. Principal Securities Inc. bought a new position in UDR in the fourth quarter valued at approximately $26,000. Jump Financial LLC bought a new position in shares of UDR in the 4th quarter worth $373,000. Envestnet Portfolio Solutions Inc. acquired a new stake in shares of UDR during the fourth quarter worth $239,000. Vanguard Personalized Indexing Management LLC increased its holdings in UDR by 12.3% in the fourth quarter. Vanguard Personalized Indexing Management LLC now owns 16,084 shares of the real estate investment trust’s stock valued at $616,000 after purchasing an additional 1,767 shares during the last quarter. Finally, Panagora Asset Management Inc. lifted its stake in UDR by 9.3% in the fourth quarter. Panagora Asset Management Inc. now owns 25,632 shares of the real estate investment trust’s stock valued at $981,000 after buying an additional 2,187 shares during the period. Institutional investors and hedge funds own 97.84% of the company’s stock.

UDR Trading Down 0.1 %

Shares of UDR stock opened at $46.14 on Friday. The stock has a market cap of $15.22 billion, a P/E ratio of 33.44, a P/E/G ratio of 10.30 and a beta of 0.85. The company has a quick ratio of 5.82, a current ratio of 5.82 and a debt-to-equity ratio of 1.57. UDR, Inc. has a 12-month low of $30.95 and a 12-month high of $47.55. The business’s 50 day moving average is $42.83 and its 200-day moving average is $40.00.

UDR (NYSE:UDR) last posted its quarterly earnings results on Tuesday, July 30th. The real estate investment trust reported $0.08 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.61 by ($0.53). The firm had revenue of $415.30 million for the quarter, compared to the consensus estimate 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% compared to the same quarter last year. During the same period last year, the company posted $0.61 earnings per share. Equities research analysts predict that UDR, Inc. will post 2.46 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of analysts have recently commented on UDR shares. Deutsche Bank Aktiengesellschaft upped their price target on UDR from $40.00 to $44.00 and gave the company a “hold” rating in a research note on Tuesday, September 10th. Evercore ISI upped their price objective on shares of UDR from $42.00 to $43.00 and gave the company an “in-line” rating in a research report on Monday, September 9th. BNP Paribas initiated coverage on UDR in a research report on Wednesday, September 11th. They set an “outperform” rating and a $49.00 price target on the stock. UBS Group boosted their price objective on UDR from $48.00 to $52.00 and gave the company a “buy” rating in a research report on Thursday, September 12th. Finally, Royal Bank of Canada cut 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 equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $44.28.

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.