UDR, Inc. (NYSE:UDR) Shares Acquired by Vanderbilt University

Vanderbilt University lifted its position in UDR, Inc. (NYSE:UDR - Free Report) by 135.8% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 42,057 shares of the real estate investment trust's stock after purchasing an additional 24,219 shares during the quarter. Vanderbilt University's holdings in UDR were worth $1,907,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in the company. Vanguard Group Inc. lifted its position 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 worth $1,910,275,000 after acquiring an additional 233,475 shares during the period. BNP PARIBAS ASSET MANAGEMENT Holding S.A. lifted its position 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 worth $8,340,000 after acquiring an additional 175,566 shares during the period. Simplicity Wealth LLC acquired a new stake in UDR during the 2nd quarter worth approximately $2,135,000. Bessemer Group Inc. lifted its position in UDR by 2,250.3% during the 1st quarter. Bessemer Group Inc. now owns 37,416 shares of the real estate investment trust's stock worth $1,399,000 after acquiring an additional 35,824 shares during the period. Finally, Lasalle Investment Management Securities LLC lifted its position in UDR by 64.6% during the 1st quarter. Lasalle Investment Management Securities LLC now owns 1,447,425 shares of the real estate investment trust's stock worth $54,148,000 after acquiring an additional 567,878 shares during the period. 97.84% of the stock is owned by institutional investors and hedge funds.

UDR Price Performance

NYSE:UDR traded up $0.23 during trading hours on Monday, reaching $44.10. 1,422,500 shares of the company traded hands, compared to its average volume of 2,497,845. The firm's 50-day moving average is $44.63 and its 200-day moving average is $41.43. The stock has a market cap of $14.55 billion, a P/E ratio of 107.98, a P/E/G ratio of 9.62 and a beta of 0.85. 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 $47.55.

UDR (NYSE:UDR - Get Free Report) last announced its earnings results on Tuesday, July 30th. The real estate investment trust reported $0.08 EPS for the quarter, missing analysts' consensus estimates of $0.61 by ($0.53). The company had revenue of $415.30 million for the quarter, compared to analyst estimates of $413.75 million. UDR had a net margin of 8.34% and a return on equity of 3.70%. UDR's quarterly revenue was up 2.7% compared to the same quarter last year. During the same quarter last year, the company posted $0.61 EPS. Equities research analysts expect that UDR, Inc. will post 2.47 earnings per share for the current fiscal year.

UDR Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, October 31st. Shareholders of record on Thursday, October 10th will be issued a dividend of $0.425 per share. This represents a $1.70 dividend on an annualized basis and a yield of 3.85%. The ex-dividend date is Thursday, October 10th. UDR's dividend payout ratio (DPR) is presently 414.64%.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on UDR shares. Piper Sandler increased their target price on UDR from $40.00 to $46.00 and gave the stock a "neutral" rating in a research note on Monday, August 26th. Wells Fargo & Company increased their target price on UDR from $41.00 to $48.00 and gave the stock an "overweight" rating in a research note on Monday, August 26th. The Goldman Sachs Group started coverage on UDR in a research note on Wednesday, September 4th. They set a "sell" rating and a $42.00 target price for the company. JPMorgan Chase & Co. increased their target price on UDR from $43.00 to $50.00 and gave the stock an "overweight" rating in a research note on Monday, September 16th. Finally, Royal Bank of Canada cut their target price on UDR from $41.00 to $40.00 and set a "sector perform" rating for the company in a research note on Thursday, August 1st. One investment 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 MarketBeat.com, UDR has an average rating of "Hold" and an average price target of $44.28.

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.