Hudson Edge Investment Partners Inc. Takes Position in UDR, Inc. (NYSE:UDR)

Hudson Edge Investment Partners Inc. bought a new stake in UDR, Inc. (NYSE:UDR) in the 2nd quarter, HoldingsChannel.com reports. The firm bought 67,853 shares of the real estate investment trust’s stock, valued at approximately $2,792,000.

A number of other hedge funds have also recently added to or reduced their stakes in UDR. Hummer Financial Advisory Services Inc grew its holdings in UDR by 2.9% in the first quarter. Hummer Financial Advisory Services Inc now owns 12,057 shares of the real estate investment trust’s stock valued at $451,000 after purchasing an additional 335 shares during the period. Integrity Wealth Solutions LLC lifted its holdings in UDR by 8.2% during the first quarter. Integrity Wealth Solutions LLC now owns 6,409 shares of the real estate investment trust’s stock valued at $240,000 after purchasing an additional 484 shares in the last quarter. Covestor Ltd lifted its holdings in UDR by 18.3% during the first quarter. Covestor Ltd now owns 3,336 shares of the real estate investment trust’s stock valued at $125,000 after purchasing an additional 515 shares in the last quarter. Telos Capital Management Inc. grew its position in shares of UDR by 1.6% in the first quarter. Telos Capital Management Inc. now owns 34,759 shares of the real estate investment trust’s stock valued at $1,300,000 after purchasing an additional 547 shares during the period. Finally, State of Alaska Department of Revenue increased its stake in shares of UDR by 0.3% during the first quarter. State of Alaska Department of Revenue now owns 189,355 shares of the real estate investment trust’s stock worth $7,083,000 after purchasing an additional 551 shares in the last quarter. 97.84% of the stock is owned by hedge funds and other institutional investors.

UDR Trading Down 0.8 %

UDR stock traded down $0.37 during mid-day trading on Friday, hitting $44.05. The company’s stock had a trading volume of 3,557,497 shares, compared to its average volume of 2,579,960. The stock’s fifty day moving average is $41.86 and its two-hundred day moving average is $39.37. The company has a current ratio of 5.82, a quick ratio of 5.82 and a debt-to-equity ratio of 1.57. The firm has a market capitalization of $14.51 billion, a PE ratio of 31.92, a price-to-earnings-growth ratio of 9.78 and a beta of 0.85. UDR, Inc. has a 1 year low of $30.95 and a 1 year high of $45.10.

UDR (NYSE:UDR) last released its quarterly earnings results on Tuesday, July 30th. The real estate investment trust reported $0.08 earnings per share for the quarter, missing analysts’ consensus estimates of $0.61 by ($0.53). UDR had a return on equity of 3.70% and a net margin of 8.34%. The business had revenue of $415.30 million for the quarter, compared to analysts’ expectations of $413.75 million. During the same quarter in the prior year, the company posted $0.61 earnings per share. The business’s revenue for the quarter was up 2.7% compared to the same quarter last year. On average, analysts anticipate that UDR, Inc. will post 2.46 EPS for the current year.

UDR Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, July 31st. Investors of record on Wednesday, July 10th were issued a dividend of $0.425 per share. This represents a $1.70 dividend on an annualized basis and a yield of 3.86%. The ex-dividend date was Wednesday, July 10th. UDR’s dividend payout ratio (DPR) is 123.19%.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on the stock. The Goldman Sachs Group initiated coverage on shares of UDR in a research note on Wednesday. They issued a “sell” rating and a $42.00 price target on the stock. Royal Bank of Canada lowered 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. BMO Capital Markets upgraded UDR from a “market perform” rating to an “outperform” rating and boosted their price target for the stock from $39.00 to $45.00 in a research report on Monday, July 15th. Evercore ISI raised their price objective on UDR from $40.00 to $42.00 and gave the company an “in-line” rating in a report on Wednesday, August 28th. Finally, JPMorgan Chase & Co. upped their target price on shares of UDR from $42.00 to $43.00 and gave the stock an “overweight” rating in a report on Monday, June 17th. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating and seven have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $42.82.

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.