Vert Asset Management LLC Has $6.63 Million Holdings in UDR, Inc. (NYSE:UDR)

Vert Asset Management LLC grew its position in UDR, Inc. (NYSE:UDR) by 6.4% during the 1st quarter, Holdings Channel.com reports. The firm owned 146,679 shares of the real estate investment trust’s stock after purchasing an additional 8,817 shares during the period. UDR accounts for about 2.3% of Vert Asset Management LLC’s portfolio, making the stock its 16th largest holding. Vert Asset Management LLC’s holdings in UDR were worth $6,625,000 at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. Sentry Investment Management LLC bought a new stake in UDR in the 1st quarter valued at $47,000. Smartleaf Asset Management LLC increased its position in UDR by 68.7% during the 4th quarter. Smartleaf Asset Management LLC now owns 1,206 shares of the real estate investment trust’s stock worth $52,000 after buying an additional 491 shares during the period. Continuum Advisory LLC lifted its holdings in shares of UDR by 38.0% during the fourth quarter. Continuum Advisory LLC now owns 1,275 shares of the real estate investment trust’s stock worth $55,000 after buying an additional 351 shares in the last quarter. UMB Bank n.a. boosted its position in shares of UDR by 47.8% in the first quarter. UMB Bank n.a. now owns 1,342 shares of the real estate investment trust’s stock valued at $61,000 after acquiring an additional 434 shares during the period. Finally, Catalyst Capital Advisors LLC bought a new stake in shares of UDR in the fourth quarter valued at about $63,000. Institutional investors own 97.84% of the company’s stock.

Analysts Set New Price Targets

Several analysts have weighed in on the stock. Royal Bank of Canada lifted their price objective on shares of UDR from $43.00 to $44.00 and gave the stock a “sector perform” rating in a research note on Thursday, May 8th. Zelman & Associates reaffirmed a “neutral” rating on shares of UDR in a report on Thursday, February 13th. Evercore ISI boosted their price target on UDR from $43.00 to $45.00 and gave the company an “in-line” rating in a research note on Monday, February 10th. Truist Financial downgraded UDR from a “buy” rating to a “hold” rating and increased their price target for the stock from $45.00 to $46.00 in a research report on Monday, March 10th. Finally, Mizuho dropped their price objective on UDR from $45.00 to $41.00 and set a “neutral” rating for the company in a report on Friday, May 23rd. One analyst has rated the stock with a sell rating, ten have assigned a hold rating and seven have given a buy rating to the company’s stock. According to data from MarketBeat, UDR currently has a consensus rating of “Hold” and an average price target of $46.44.

UDR Stock Performance

NYSE:UDR opened at $41.07 on Monday. UDR, Inc. has a twelve month low of $36.61 and a twelve month high of $47.55. The company has a quick ratio of 5.91, a current ratio of 5.61 and a debt-to-equity ratio of 1.71. The stock’s 50-day simple moving average is $41.30 and its 200 day simple moving average is $42.61. The firm has a market capitalization of $13.61 billion, a PE ratio of 164.29, a price-to-earnings-growth ratio of 8.67 and a beta of 0.83.

UDR (NYSE:UDR) last posted its earnings results on Wednesday, April 30th. The real estate investment trust reported $0.61 EPS for the quarter, hitting analysts’ consensus estimates of $0.61. UDR had a net margin of 5.36% and a return on equity of 2.65%. The firm had revenue of $419.84 million during the quarter, compared to analysts’ expectations of $421.23 million. During the same quarter in the prior year, the business earned $0.61 earnings per share. The business’s revenue for the quarter was up 2.0% compared to the same quarter last year. On average, analysts anticipate that UDR, Inc. will post 2.51 EPS for the current fiscal year.

UDR Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, April 30th. Shareholders of record on Thursday, April 10th were given a $0.43 dividend. The ex-dividend date of this dividend was Thursday, April 10th. This represents a $1.72 dividend on an annualized basis and a yield of 4.19%. This is a positive change from UDR’s previous quarterly dividend of $0.43. UDR’s dividend payout ratio (DPR) is currently 491.43%.

UDR 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.