Hudson Edge Investment Partners Inc. Takes $2.79 Million Position in UDR, Inc. (NYSE:UDR)

Hudson Edge Investment Partners Inc. acquired a new stake in shares of UDR, Inc. (NYSE:UDR) during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm acquired 67,853 shares of the real estate investment trust’s stock, valued at approximately $2,792,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Acadian Asset Management LLC purchased a new stake in UDR during the second quarter worth $170,000. Los Angeles Capital Management LLC purchased a new stake in shares of UDR during the 2nd quarter worth $861,000. Mesirow Institutional Investment Management Inc. boosted its position in UDR by 21.1% during the second quarter. Mesirow Institutional Investment Management Inc. now owns 82,625 shares of the real estate investment trust’s stock valued at $3,400,000 after purchasing an additional 14,382 shares in the last quarter. Versor Investments LP bought a new stake in UDR during the second quarter valued at about $848,000. Finally, Natixis Advisors LLC grew its stake in UDR by 10.1% in the second quarter. Natixis Advisors LLC now owns 225,999 shares of the real estate investment trust’s stock valued at $9,300,000 after purchasing an additional 20,781 shares during the last quarter. 97.84% of the stock is currently owned by institutional investors.

UDR Stock Performance

UDR traded down $0.37 during trading on Friday, reaching $44.05. 3,557,497 shares of the company’s stock were exchanged, compared to its average volume of 2,579,960. 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 $45.10. The company’s fifty day simple moving average is $41.86 and its 200-day simple moving average is $39.37. The stock has a market capitalization of $14.51 billion, a P/E ratio of 31.92, a price-to-earnings-growth ratio of 9.78 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 earnings per share for the quarter, missing analysts’ consensus estimates of $0.61 by ($0.53). The business had revenue of $415.30 million during 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 firm’s revenue was up 2.7% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.61 EPS. As a group, research analysts predict that UDR, Inc. will post 2.46 earnings per share for the current fiscal year.

UDR Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, July 31st. Shareholders of record on Wednesday, July 10th were paid a dividend of $0.425 per share. The ex-dividend date of this dividend was Wednesday, July 10th. This represents a $1.70 dividend on an annualized basis and a dividend yield of 3.86%. UDR’s payout ratio is currently 123.19%.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on the stock. Piper Sandler raised 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. Scotiabank raised their target price on shares of UDR from $43.00 to $45.00 and gave the company a “sector perform” rating in a research note on Monday, August 26th. UBS Group upped their price target on UDR from $44.00 to $48.00 and gave the stock a “buy” rating in a research report on Thursday, July 18th. Wells Fargo & Company raised their price objective on UDR from $41.00 to $48.00 and gave the stock an “overweight” rating in a research report on Monday, August 26th. Finally, Morgan Stanley upped their target price on UDR from $37.00 to $40.00 and gave the company an “equal weight” rating in a research report on Tuesday, May 14th. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $42.82.

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.