Maryland State Retirement & Pension System Boosts Stake in UDR, Inc. (NYSE:UDR)

Maryland State Retirement & Pension System grew its position in shares of UDR, Inc. (NYSE:UDRGet Rating) by 3.7% during the first quarter, according to its most recent filing with the SEC. The firm owned 24,475 shares of the real estate investment trust’s stock after acquiring an additional 875 shares during the period. Maryland State Retirement & Pension System’s holdings in UDR were worth $1,404,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of UDR. NuWave Investment Management LLC grew its stake in shares of UDR by 32.6% in the 4th quarter. NuWave Investment Management LLC now owns 943 shares of the real estate investment trust’s stock worth $57,000 after buying an additional 232 shares during the last quarter. Commerce Bank grew its stake in shares of UDR by 2.9% in the 4th quarter. Commerce Bank now owns 8,219 shares of the real estate investment trust’s stock worth $493,000 after buying an additional 232 shares during the last quarter. Credit Agricole S A grew its stake in shares of UDR by 15.0% in the 4th quarter. Credit Agricole S A now owns 1,810 shares of the real estate investment trust’s stock worth $109,000 after buying an additional 236 shares during the last quarter. Quadrant Capital Group LLC grew its stake in shares of UDR by 9.1% in the 4th quarter. Quadrant Capital Group LLC now owns 3,011 shares of the real estate investment trust’s stock worth $181,000 after buying an additional 251 shares during the last quarter. Finally, Corient Capital Partners LLC boosted its stake in UDR by 6.4% during the 3rd quarter. Corient Capital Partners LLC now owns 4,462 shares of the real estate investment trust’s stock valued at $236,000 after purchasing an additional 270 shares during the last quarter. Hedge funds and other institutional investors own 96.39% of the company’s stock.

Shares of UDR stock opened at $44.48 on Thursday. The stock has a market cap of $14.16 billion, a price-to-earnings ratio of 87.22, a price-to-earnings-growth ratio of 2.11 and a beta of 0.77. The company has a debt-to-equity ratio of 1.64, a quick ratio of 0.30 and a current ratio of 0.30. The stock has a 50 day moving average price of $49.48 and a 200-day moving average price of $54.62. UDR, Inc. has a one year low of $42.00 and a one year high of $61.06.

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

The company also recently announced a quarterly dividend, which will be paid on Monday, August 1st. Shareholders of record on Monday, July 11th will be given a dividend of $0.38 per share. This represents a $1.52 dividend on an annualized basis and a yield of 3.42%. The ex-dividend date of this dividend is Friday, July 8th. UDR’s dividend payout ratio (DPR) is presently 298.05%.

Several analysts have commented on UDR shares. Truist Financial cut their target price on UDR from $61.00 to $53.00 and set a “hold” rating on the stock in a research note on Tuesday, May 24th. Piper Sandler lowered their price target on UDR from $63.00 to $57.00 in a report on Wednesday, May 4th. Scotiabank lowered their price target on UDR from $60.00 to $58.00 in a report on Thursday, May 19th. StockNews.com started coverage on UDR in a report on Thursday, March 31st. They issued a “hold” rating on the stock. Finally, Credit Suisse Group started coverage on UDR in a report on Wednesday. They issued an “outperform” rating on the stock. Five equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $58.64.

UDR Company 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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