GAMMA Investing LLC Increases Stock Position in UDR, Inc. (NYSE:UDR)

GAMMA Investing LLC grew its position in UDR, Inc. (NYSE:UDR) by 15.0% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 7,380 shares of the real estate investment trust’s stock after purchasing an additional 962 shares during the period. GAMMA Investing LLC’s holdings in UDR were worth $335,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in UDR. Fidelis Capital Partners LLC purchased a new stake in shares of UDR in the first quarter valued at about $26,000. Family Firm Inc. purchased a new stake in shares of UDR in the second quarter valued at about $26,000. UMB Bank n.a. purchased a new stake in UDR during the second quarter worth about $33,000. Rothschild Investment LLC purchased a new stake in UDR during the second quarter worth about $35,000. Finally, Quest Partners LLC purchased a new stake in UDR during the second quarter worth about $37,000. Hedge funds and other institutional investors own 97.84% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on the stock. Scotiabank raised their price objective on shares of UDR from $45.00 to $49.00 and gave the stock a “sector perform” rating in a report on Monday, September 16th. Wells Fargo & Company raised their price objective on shares of UDR from $41.00 to $48.00 and gave the stock an “overweight” rating in a report on Monday, August 26th. Deutsche Bank Aktiengesellschaft raised their price objective on shares of UDR from $40.00 to $44.00 and gave the stock a “hold” rating in a report on Tuesday, September 10th. Royal Bank of Canada decreased their price objective on shares of UDR from $41.00 to $40.00 and set a “sector perform” rating for the company in a report on Thursday, August 1st. Finally, Wedbush increased their target price on shares of UDR from $45.00 to $49.00 and gave the stock an “outperform” rating in a research report on Monday, August 5th. One research analyst has rated the stock with a sell rating, nine have issued a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $44.28.

UDR Price Performance

UDR stock opened at $44.14 on Thursday. The firm has a 50 day moving average of $43.84 and a 200-day moving average of $40.76. The company has a current ratio of 5.82, a quick 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 firm has a market capitalization of $14.56 billion, a P/E ratio of 31.99, a price-to-earnings-growth ratio of 9.77 and a beta of 0.85.

UDR (NYSE:UDR) last released its quarterly earnings data on Tuesday, July 30th. The real estate investment trust reported $0.08 EPS for the quarter, missing analysts’ consensus estimates of $0.61 by ($0.53). UDR had a net margin of 8.34% and a return on equity of 3.70%. The firm had revenue of $415.30 million during the quarter, compared to the consensus estimate of $413.75 million. During the same quarter last year, the business posted $0.61 earnings per share. UDR’s revenue was up 2.7% compared to the same quarter last year. As a group, sell-side analysts predict that UDR, Inc. will post 2.47 earnings per share for the current fiscal year.

UDR Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, October 31st. Shareholders of record on Thursday, October 10th will be given a dividend of $0.425 per share. The ex-dividend date of this dividend is Thursday, October 10th. This represents a $1.70 annualized dividend and a yield of 3.85%. UDR’s payout ratio 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.