TCV Trust & Wealth Management Inc. Raises Stock Position in UDR, Inc. (NYSE:UDR)

TCV Trust & Wealth Management Inc. lifted its stake in UDR, Inc. (NYSE:UDR) by 8.2% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 5,589 shares of the real estate investment trust’s stock after purchasing an additional 424 shares during the period. TCV Trust & Wealth Management Inc.’s holdings in UDR were worth $253,000 as of its most recent SEC filing.

Other large investors have also recently modified their holdings of the company. Fidelis Capital Partners LLC bought a new position in shares of UDR in the 1st quarter worth approximately $26,000. Family Firm Inc. bought a new position in UDR in the second quarter worth $26,000. UMB Bank n.a. purchased a new position in UDR during the second quarter valued at $33,000. Rothschild Investment LLC bought a new stake in shares of UDR during the 2nd quarter valued at $35,000. Finally, Quest Partners LLC purchased a new stake in shares of UDR in the 2nd quarter worth about $37,000. Institutional investors own 97.84% of the company’s stock.

UDR Stock Performance

NYSE:UDR opened at $43.87 on Monday. The stock has a 50-day simple moving average of $44.63 and a two-hundred day simple moving average of $41.40. 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 52-week low of $30.95 and a 52-week high of $47.55. The firm has a market capitalization of $14.47 billion, a PE ratio of 107.00, a P/E/G ratio of 9.62 and a beta of 0.85.

UDR (NYSE:UDR) last issued its earnings results on Tuesday, July 30th. The real estate investment trust reported $0.08 earnings per share for the quarter, missing the consensus estimate of $0.61 by ($0.53). The firm had revenue of $415.30 million during 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 quarterly revenue was up 2.7% on a year-over-year basis. During the same period in the prior year, the company posted $0.61 EPS. Analysts forecast that UDR, Inc. will post 2.47 EPS for the current year.

UDR Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, October 31st. Investors of record on Thursday, October 10th will be paid a dividend of $0.425 per share. The ex-dividend date is Thursday, October 10th. This represents a $1.70 annualized dividend and a yield of 3.88%. UDR’s payout ratio is 414.64%.

Analyst Upgrades and Downgrades

UDR has been the subject of a number of recent research reports. BMO Capital Markets raised shares of UDR from a “market perform” rating to an “outperform” rating and lifted their price target for the company from $39.00 to $45.00 in a research report on Monday, July 15th. Deutsche Bank Aktiengesellschaft lifted their target price on shares of UDR from $40.00 to $44.00 and gave the company a “hold” rating in a report on Tuesday, September 10th. Royal Bank of Canada cut their price target on UDR from $41.00 to $40.00 and set a “sector perform” rating on the stock in a research note on Thursday, August 1st. Truist Financial raised their price objective on UDR from $44.00 to $47.00 and gave the company a “buy” rating in a research report on Monday, August 26th. Finally, BNP Paribas assumed coverage on UDR in a research note on Wednesday, September 11th. They issued an “outperform” rating and a $49.00 target price on the stock. One analyst has rated the stock with a sell rating, nine have issued a hold rating and eight have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company 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.