Forsta AP Fonden Has $4.41 Million Stock Holdings in UDR, Inc. (NYSE:UDR)

Forsta AP Fonden lessened its stake in shares of UDR, Inc. (NYSE:UDR - Free Report) by 34.6% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 97,200 shares of the real estate investment trust's stock after selling 51,500 shares during the quarter. Forsta AP Fonden's holdings in UDR were worth $4,407,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Sumitomo Mitsui Trust Holdings Inc. increased its stake in shares of UDR by 28.0% in the first quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 2,342,825 shares of the real estate investment trust's stock worth $87,645,000 after purchasing an additional 512,388 shares during the period. State of Alaska Department of Revenue lifted its holdings in shares of 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 buying an additional 551 shares during the last quarter. Commonwealth Equity Services LLC lifted its holdings in shares of UDR by 2.5% during the first quarter. Commonwealth Equity Services LLC now owns 52,961 shares of the real estate investment trust's stock worth $1,981,000 after buying an additional 1,316 shares during the last quarter. Van ECK Associates Corp boosted its position in shares of UDR by 4.0% in the first quarter. Van ECK Associates Corp now owns 133,905 shares of the real estate investment trust's stock valued at $5,009,000 after acquiring an additional 5,107 shares during the period. Finally, Mirae Asset Global Investments Co. Ltd. increased its position in UDR by 21.8% during the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 99,502 shares of the real estate investment trust's stock worth $3,771,000 after acquiring an additional 17,823 shares during the period. Institutional investors and hedge funds own 97.84% of the company's stock.

UDR Price Performance

NYSE UDR traded down $0.09 during trading hours on Wednesday, reaching $43.52. 3,137,748 shares of the company's stock were exchanged, compared to its average volume of 2,496,888. The firm has a fifty day moving average of $44.73 and a 200-day moving average of $41.54. UDR, Inc. has a one year low of $30.95 and a one year high of $47.55. The stock has a market cap of $14.35 billion, a PE ratio of 106.15, a price-to-earnings-growth ratio of 9.62 and a beta of 0.85. The company has a current ratio of 5.82, a quick ratio of 5.82 and a debt-to-equity ratio of 1.57.

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 the consensus estimate of $0.61 by ($0.53). UDR had a return on equity of 3.70% and a net margin of 8.34%. The business had revenue of $415.30 million for the quarter, compared to the consensus estimate of $413.75 million. During the same quarter in the previous year, the company posted $0.61 EPS. UDR's revenue for the quarter was up 2.7% on a year-over-year basis. On average, equities research analysts predict that UDR, Inc. will post 2.47 earnings per share for the current fiscal year.

UDR Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 31st. Shareholders of record on Thursday, October 10th will be given a $0.425 dividend. This represents a $1.70 annualized dividend and a yield of 3.91%. The ex-dividend date of this dividend is Thursday, October 10th. UDR's payout ratio is presently 414.64%.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on UDR. The Goldman Sachs Group began coverage on shares of UDR in a report on Wednesday, September 4th. They issued a "sell" rating and a $42.00 price target for the company. Scotiabank boosted their price target on UDR from $45.00 to $49.00 and gave the company a "sector perform" rating in a research note on Monday, September 16th. Evercore ISI upped their price target on UDR from $42.00 to $43.00 and gave the company an "in-line" rating in a report on Monday, September 9th. UBS Group lifted their price objective on UDR from $48.00 to $52.00 and gave the stock a "buy" rating in a report on Thursday, September 12th. Finally, Piper Sandler upped their target price on UDR from $40.00 to $46.00 and gave the company a "neutral" rating in a research note on Monday, August 26th. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus target price of $44.28.

About UDR

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.