Presima Securities ULC Has $20.49 Million Stock Holdings in UDR, Inc. (NYSE:UDR)

Presima Securities ULC lowered its holdings in shares of UDR, Inc. (NYSE:UDR) by 12.3% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 451,925 shares of the real estate investment trust’s stock after selling 63,500 shares during the quarter. UDR accounts for about 4.5% of Presima Securities ULC’s portfolio, making the stock its 9th biggest position. Presima Securities ULC owned about 0.14% of UDR worth $20,490,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of the business. Exchange Traded Concepts LLC boosted its holdings in shares of UDR by 267.0% in the third quarter. Exchange Traded Concepts LLC now owns 3,061 shares of the real estate investment trust’s stock valued at $139,000 after buying an additional 2,227 shares during the period. Inspire Investing LLC lifted its position in UDR by 58.8% in the 3rd quarter. Inspire Investing LLC now owns 57,892 shares of the real estate investment trust’s stock valued at $2,625,000 after acquiring an additional 21,435 shares in the last quarter. Livforsakringsbolaget Skandia Omsesidigt boosted its stake in UDR by 710.3% in the 3rd quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 4,335 shares of the real estate investment trust’s stock worth $197,000 after purchasing an additional 3,800 shares during the period. Contravisory Investment Management Inc. bought a new position in UDR during the 3rd quarter worth about $8,382,000. Finally, BSN CAPITAL PARTNERS Ltd bought a new position in UDR during the 3rd quarter worth about $10,987,000. Institutional investors own 97.84% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have recently commented on UDR. Royal Bank of Canada cut their price target on UDR from $41.00 to $40.00 and set a “sector perform” rating on the stock in a report on Thursday, August 1st. Evercore ISI upped their price target on UDR from $42.00 to $43.00 and gave the stock an “in-line” rating in a research report on Monday, September 9th. Scotiabank raised 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. BNP Paribas assumed coverage on shares of UDR in a research report on Wednesday, September 11th. They issued an “outperform” rating and a $49.00 price objective on the stock. 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 report on Monday, August 5th. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $44.28.

UDR Stock Performance

UDR opened at $44.86 on Thursday. 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 has a 50 day moving average of $44.26 and a 200-day moving average of $41.03. The stock has a market cap of $14.80 billion, a price-to-earnings ratio of 109.42, a PEG ratio of 9.63 and a beta of 0.85.

UDR (NYSE:UDR) last posted 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 during the quarter, compared to the consensus estimate of $413.75 million. During the same quarter last year, the company posted $0.61 EPS. The firm’s revenue was up 2.7% on a year-over-year basis. On average, equities research analysts expect that UDR, Inc. will post 2.47 earnings per share for the current year.

UDR Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, October 31st. Investors of record on Thursday, October 10th will be issued a dividend of $0.425 per share. This represents a $1.70 annualized dividend and a dividend yield of 3.79%. The ex-dividend date of this dividend is Thursday, October 10th. UDR’s payout ratio is 414.64%.

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.