Y.D. More Investments Ltd acquired a new stake in shares of UDR, Inc. (NYSE:UDR – Free Report) 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.
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.
Check Out Our Latest Stock Analysis on UDR
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.
Featured Articles
- Five stocks we like better than UDR
- The 3 Best Retail Stocks to Shop for in August
- 3 Leveraged ETFs to Multiply Returns
- How to Effectively Use the MarketBeat Ratings Screener
- A Tale of Two Titans: Unveiling the Value in Baidu and JD.com
- What is a Bond Market Holiday? How to Invest and Trade
- Is the AI-Capable iPhone 16 the Start of a Sales Super-Cycle?
Want to see what other hedge funds are holding UDR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for UDR, Inc. (NYSE:UDR – Free Report).
Receive News & Ratings for UDR Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for UDR and related companies with MarketBeat.com's FREE daily email newsletter.