Y.D. More Investments Ltd Acquires New Shares in UDR, Inc. (NYSE:UDR)

Y.D. More Investments Ltd acquired a new stake in shares of UDR, Inc. (NYSE:UDR) in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 2,658 shares of the real estate investment trust’s stock, valued at approximately $109,000.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Vanguard Group Inc. raised its stake in UDR by 0.5% during the 1st quarter. Vanguard Group Inc. now owns 51,063,214 shares of the real estate investment trust’s stock valued at $1,910,275,000 after acquiring an additional 233,475 shares in the last quarter. Presima Securities ULC bought a new stake in UDR during the 4th quarter valued at $18,256,000. BNP PARIBAS ASSET MANAGEMENT Holding S.A. raised its stake in UDR by 370.6% during the 1st quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 222,940 shares of the real estate investment trust’s stock valued at $8,340,000 after acquiring an additional 175,566 shares in the last quarter. Simplicity Wealth LLC bought a new stake in UDR during the 2nd quarter valued at $2,135,000. Finally, Hsbc Holdings PLC raised its stake in UDR by 6.2% during the 4th quarter. Hsbc Holdings PLC now owns 761,659 shares of the real estate investment trust’s stock valued at $29,205,000 after acquiring an additional 44,677 shares in the last quarter. Institutional investors and hedge funds own 97.84% of the company’s stock.

UDR Stock Performance

Shares of NYSE UDR opened at $46.55 on Friday. 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 $15.35 billion, a price-to-earnings ratio of 33.73, a PEG ratio of 10.08 and a beta of 0.85. The stock’s fifty day simple moving average is $42.25 and its 200 day simple moving average is $39.61. UDR, Inc. has a 52-week low of $30.95 and a 52-week high of $46.64.

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 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 business had revenue of $415.30 million for the quarter, compared to analysts’ expectations of $413.75 million. During the same quarter in the prior year, the firm posted $0.61 EPS. The business’s quarterly revenue was up 2.7% compared to the same quarter last year. As a group, sell-side analysts forecast that UDR, Inc. will post 2.46 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several brokerages have weighed in on UDR. JPMorgan Chase & Co. lifted their target price on UDR from $42.00 to $43.00 and gave the company an “overweight” rating in a research note on Monday, June 17th. Evercore ISI lifted their target price on UDR from $42.00 to $43.00 and gave the company an “in-line” rating in a research note on Monday. Truist Financial boosted their price objective on UDR from $44.00 to $47.00 and gave the stock a “buy” rating in a research note on Monday, August 26th. Piper Sandler boosted their price objective on UDR from $40.00 to $46.00 and gave the stock a “neutral” rating in a research note on Monday, August 26th. Finally, Deutsche Bank Aktiengesellschaft boosted their price objective on UDR from $40.00 to $44.00 and gave the stock a “hold” rating in a research note on Tuesday. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating and eight have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $43.67.

UDR 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.