Sumitomo Mitsui DS Asset Management Company Ltd Has $3.55 Million Stock Position in UDR, Inc. (NYSE:UDR)

Sumitomo Mitsui DS Asset Management Company Ltd lifted its position in UDR, Inc. (NYSE:UDR) by 3.6% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 86,275 shares of the real estate investment trust’s stock after buying an additional 2,986 shares during the quarter. Sumitomo Mitsui DS Asset Management Company Ltd’s holdings in UDR were worth $3,550,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the company. Hummer Financial Advisory Services Inc grew its position in shares of UDR by 2.9% in the 1st quarter. Hummer Financial Advisory Services Inc now owns 12,057 shares of the real estate investment trust’s stock valued at $451,000 after acquiring an additional 335 shares during the period. Integrity Wealth Solutions LLC raised its stake in UDR by 8.2% in the 1st quarter. Integrity Wealth Solutions LLC now owns 6,409 shares of the real estate investment trust’s stock valued at $240,000 after acquiring an additional 484 shares during the period. Covestor Ltd raised its stake in UDR by 18.3% in the 1st quarter. Covestor Ltd now owns 3,336 shares of the real estate investment trust’s stock valued at $125,000 after acquiring an additional 515 shares during the period. Telos Capital Management Inc. lifted its holdings in UDR by 1.6% during the 1st quarter. Telos Capital Management Inc. now owns 34,759 shares of the real estate investment trust’s stock valued at $1,300,000 after purchasing an additional 547 shares during the last quarter. Finally, State of Alaska Department of Revenue boosted its position in UDR by 0.3% during the first quarter. State of Alaska Department of Revenue now owns 189,355 shares of the real estate investment trust’s stock worth $7,083,000 after purchasing an additional 551 shares during the period. 97.84% of the stock is currently owned by institutional investors and hedge funds.

UDR Stock Performance

NYSE UDR opened at $44.51 on Friday. The stock has a fifty day simple moving average of $41.50 and a 200 day simple moving average of $39.04. UDR, Inc. has a twelve month low of $30.95 and a twelve month high of $44.53. The company has a market capitalization of $14.68 billion, a price-to-earnings ratio of 32.25, a PEG ratio of 9.49 and a beta of 0.83. 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 (NYSE:UDR) last announced its earnings results on Tuesday, July 30th. The real estate investment trust reported $0.08 EPS for the quarter, missing the consensus estimate of $0.61 by ($0.53). The company had revenue of $415.30 million during the quarter, compared to the consensus estimate of $413.75 million. UDR had a net margin of 8.34% and a return on equity of 3.70%. The business’s revenue was up 2.7% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.61 earnings per share. Sell-side analysts expect that UDR, Inc. will post 2.46 EPS for the current year.

UDR Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, July 31st. Investors of record on Wednesday, July 10th were issued a $0.425 dividend. The ex-dividend date of this dividend was Wednesday, July 10th. This represents a $1.70 annualized dividend and a yield of 3.82%. UDR’s payout ratio is 123.19%.

Insider Buying and Selling at UDR

In other news, CEO Thomas W. Toomey sold 90,000 shares of UDR stock in a transaction dated Friday, June 7th. The stock was sold at an average price of $39.52, for a total value of $3,556,800.00. Following the completion of the transaction, the chief executive officer now directly owns 849,716 shares of the company’s stock, valued at approximately $33,580,776.32. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Insiders own 3.73% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have recently weighed in on the stock. JPMorgan Chase & Co. increased their price objective on shares of UDR from $42.00 to $43.00 and gave the company an “overweight” rating in a research report on Monday, June 17th. Mizuho raised their price objective on shares of UDR from $35.00 to $38.00 and gave the stock a “neutral” rating in a research report on Thursday, May 30th. Evercore ISI boosted their price objective on UDR from $40.00 to $42.00 and gave the stock an “in-line” rating in a report on Wednesday. Scotiabank increased their target price on UDR from $43.00 to $45.00 and gave the stock a “sector perform” rating in a research note on Monday, August 26th. Finally, Piper Sandler boosted their price target on UDR from $40.00 to $46.00 and gave the company a “neutral” rating in a research note on Monday, August 26th. Eleven research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat, UDR presently has an average rating of “Hold” and a consensus target price of $42.65.

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.