266,730 Shares in UDR, Inc. (NYSE:UDR) Bought by Candriam Luxembourg S.C.A.

Candriam Luxembourg S.C.A. purchased a new position in shares of UDR, Inc. (NYSE:UDRGet Rating) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 266,730 shares of the real estate investment trust’s stock, valued at approximately $16,001,000. Candriam Luxembourg S.C.A. owned approximately 0.09% of UDR as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Marshall Wace LLP acquired a new position in UDR during the first quarter worth $157,000. Amundi Pioneer Asset Management Inc. raised its position in UDR by 36.3% during the first quarter. Amundi Pioneer Asset Management Inc. now owns 383,735 shares of the real estate investment trust’s stock worth $17,445,000 after acquiring an additional 102,266 shares during the period. Advisor Group Holdings Inc. raised its position in UDR by 8.8% during the third quarter. Advisor Group Holdings Inc. now owns 14,733 shares of the real estate investment trust’s stock worth $782,000 after acquiring an additional 1,190 shares during the period. Teacher Retirement System of Texas raised its position in UDR by 23.3% during the third quarter. Teacher Retirement System of Texas now owns 47,832 shares of the real estate investment trust’s stock worth $2,534,000 after acquiring an additional 9,049 shares during the period. Finally, Creative Planning acquired a new position in UDR during the third quarter worth $232,000. 96.39% of the stock is currently owned by hedge funds and other institutional investors.

Shares of UDR stock opened at $48.56 on Wednesday. The company has a debt-to-equity ratio of 1.64, a current ratio of 0.30 and a quick ratio of 0.30. The firm has a market cap of $15.46 billion, a PE ratio of 95.22, a price-to-earnings-growth ratio of 2.35 and a beta of 0.76. The company has a 50-day moving average of $55.50 and a two-hundred day moving average of $56.43. UDR, Inc. has a 1-year low of $45.08 and a 1-year high of $61.06.

UDR (NYSE:UDRGet Rating) last announced its earnings results on Tuesday, April 26th. The real estate investment trust reported $0.04 earnings per share for the quarter, missing the consensus estimate of $0.55 by ($0.51). UDR had a return on equity of 4.79% and a net margin of 11.93%. During the same quarter in the previous year, the business posted $0.47 EPS. Sell-side analysts anticipate that UDR, Inc. will post 2.3 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Monday, May 2nd. Shareholders of record on Monday, April 11th were paid a dividend of $0.38 per share. This represents a $1.52 annualized dividend and a yield of 3.13%. The ex-dividend date was Friday, April 8th. This is a positive change from UDR’s previous quarterly dividend of $0.36. UDR’s dividend payout ratio (DPR) is 298.05%.

UDR has been the subject of a number of research analyst reports. Piper Sandler reduced their price objective on shares of UDR from $63.00 to $57.00 in a research report on Wednesday, May 4th. JPMorgan Chase & Co. increased their target price on shares of UDR from $61.00 to $63.00 in a research report on Tuesday, January 18th. TheStreet cut shares of UDR from a “b-” rating to a “c+” rating in a research report on Tuesday, April 26th. StockNews.com initiated coverage on shares of UDR in a research report on Thursday, March 31st. They issued a “hold” rating for the company. Finally, Mizuho reduced their target price on shares of UDR from $61.00 to $60.00 and set a “buy” rating for the company in a research report on Wednesday, February 16th. Six analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Buy” and a consensus target price of $59.68.

UDR Profile (Get Rating)

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.

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Institutional Ownership by Quarter for UDR (NYSE:UDR)

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