NuWave Investment Management LLC Boosts Holdings in UDR, Inc. (NYSE:UDR)

NuWave Investment Management LLC increased its holdings in UDR, Inc. (NYSE:UDRGet Rating) by 396.4% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,681 shares of the real estate investment trust’s stock after purchasing an additional 3,738 shares during the period. NuWave Investment Management LLC’s holdings in UDR were worth $269,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. CVA Family Office LLC purchased a new stake in shares of UDR during the 4th quarter worth approximately $28,000. Dixon Hughes Goodman Wealth Advisors LLC raised its holdings in shares of UDR by 111.1% during the 1st quarter. Dixon Hughes Goodman Wealth Advisors LLC now owns 684 shares of the real estate investment trust’s stock worth $39,000 after acquiring an additional 360 shares in the last quarter. Signaturefd LLC raised its holdings in shares of UDR by 66.5% during the 4th quarter. Signaturefd LLC now owns 816 shares of the real estate investment trust’s stock worth $49,000 after acquiring an additional 326 shares in the last quarter. Desjardins Global Asset Management Inc. purchased a new stake in shares of UDR during the 4th quarter worth approximately $58,000. Finally, Eaton Vance Management raised its holdings in shares of UDR by 19.4% during the 3rd quarter. Eaton Vance Management now owns 4,332 shares of the real estate investment trust’s stock worth $59,000 after acquiring an additional 703 shares in the last quarter. 96.39% of the stock is currently owned by institutional investors.

Several analysts have recently issued reports on UDR shares. TheStreet cut UDR from a “b-” rating to a “c+” rating in a report on Tuesday, April 26th. StockNews.com initiated coverage on shares of UDR in a research report on Thursday, March 31st. They set a “hold” rating on the stock. Morgan Stanley reduced their target price on shares of UDR from $56.00 to $51.00 and set an “equal weight” rating on the stock in a research note on Wednesday, May 25th. Wolfe Research raised shares of UDR from a “peer perform” rating to an “outperform” rating in a research note on Tuesday, March 15th. Finally, Credit Suisse Group initiated coverage on shares of UDR in a research note on Wednesday. They issued an “outperform” rating on the stock. Five research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. According to MarketBeat, UDR has a consensus rating of “Moderate Buy” and an average target price of $58.64.

Shares of UDR stock opened at $44.48 on Thursday. The company has a debt-to-equity ratio of 1.64, a current ratio of 0.30 and a quick ratio of 0.30. UDR, Inc. has a 1 year low of $42.00 and a 1 year high of $61.06. The firm’s 50-day moving average is $49.48 and its two-hundred day moving average is $54.62. The stock has a market cap of $14.16 billion, a price-to-earnings ratio of 87.22, a PEG ratio of 2.11 and a beta of 0.77.

UDR (NYSE:UDRGet Rating) last issued its earnings results on Tuesday, April 26th. The real estate investment trust reported $0.04 earnings per share (EPS) 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 prior year, the firm earned $0.47 EPS. On average, equities analysts expect that UDR, Inc. will post 2.3 earnings per share for the current year.

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

About UDR (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.

Further Reading

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Institutional Ownership by Quarter for UDR (NYSE:UDR)

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