IRON Financial LLC Makes New Investment in UDR, Inc. (NYSE:UDR)

IRON Financial LLC bought a new position in UDR, Inc. (NYSE:UDR - Free Report) during the third quarter, according to its most recent Form 13F filing with the SEC. The firm bought 17,163 shares of the real estate investment trust's stock, valued at approximately $778,000.

A number of other large investors have also recently added to or reduced their stakes in UDR. CWM LLC increased its holdings in UDR by 10.0% in the third quarter. CWM LLC now owns 3,802 shares of the real estate investment trust's stock valued at $172,000 after buying an additional 347 shares during the last quarter. Mather Group LLC. increased its stake in shares of UDR by 58.2% during the 3rd quarter. Mather Group LLC. now owns 998 shares of the real estate investment trust's stock worth $45,000 after purchasing an additional 367 shares in the last quarter. Truist Financial Corp increased its stake in shares of UDR by 0.6% during the 2nd quarter. Truist Financial Corp now owns 66,673 shares of the real estate investment trust's stock worth $2,744,000 after purchasing an additional 414 shares in the last quarter. TCV Trust & Wealth Management Inc. boosted its position in UDR by 8.2% during the third quarter. TCV Trust & Wealth Management Inc. now owns 5,589 shares of the real estate investment trust's stock worth $253,000 after acquiring an additional 424 shares during the last quarter. Finally, Covestor Ltd boosted its holdings in shares of 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 purchasing an additional 515 shares during the last quarter. 97.84% of the stock is currently owned by institutional investors and hedge funds.

UDR Stock Performance

NYSE:UDR traded down $1.35 during mid-day trading on Thursday, hitting $42.20. 4,061,204 shares of the stock were exchanged, compared to its average volume of 2,504,302. The stock has a market capitalization of $13.92 billion, a price-to-earnings ratio of 106.22, a price-to-earnings-growth ratio of 9.62 and a beta of 0.85. The firm's 50-day simple moving average is $44.73 and its 200 day simple moving average is $41.54. The company has a debt-to-equity ratio of 1.57, a quick ratio of 5.82 and a current ratio of 5.82. UDR, Inc. has a fifty-two week low of $30.95 and a fifty-two week high of $47.55.

UDR (NYSE:UDR - Get Free Report) last issued its quarterly earnings data 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). The firm had revenue of $415.30 million for the quarter, compared to the consensus estimate of $413.75 million. UDR had a return on equity of 3.70% and a net margin of 8.34%. The company's revenue was up 2.7% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.61 EPS. As a group, equities analysts anticipate that UDR, Inc. will post 2.47 EPS for the current fiscal year.

UDR Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, October 31st. Stockholders of record on Thursday, October 10th will be paid a $0.425 dividend. This represents a $1.70 dividend on an annualized basis and a dividend yield of 4.03%. The ex-dividend date of this dividend is Thursday, October 10th. UDR's dividend payout ratio is 414.63%.

Analyst Ratings Changes

Several equities research analysts recently issued reports on UDR shares. Wells Fargo & Company lifted their price target on shares of UDR from $41.00 to $48.00 and gave the stock an "overweight" rating in a research note on Monday, August 26th. Piper Sandler boosted their target price on shares of UDR from $40.00 to $46.00 and gave the company a "neutral" rating in a research note on Monday, August 26th. Wedbush boosted their price target on UDR from $45.00 to $49.00 and gave the stock an "outperform" rating in a research report on Monday, August 5th. Evercore ISI boosted 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. Finally, BNP Paribas assumed coverage on UDR in a research note on Wednesday, September 11th. They set an "outperform" rating and a $49.00 target price for the company. One 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.com, UDR presently has an average rating of "Hold" and a consensus 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.