NEOS Investment Management LLC Has $702,000 Stock Position in UDR, Inc. (NYSE:UDR)

NEOS Investment Management LLC increased its position in shares of UDR, Inc. (NYSE:UDR) by 29.9% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 16,180 shares of the real estate investment trust’s stock after acquiring an additional 3,729 shares during the quarter. NEOS Investment Management LLC’s holdings in UDR were worth $702,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in UDR. Algert Global LLC acquired a new position in UDR during the 3rd quarter valued at about $442,000. Brooklyn Investment Group bought a new stake in shares of UDR during the third quarter worth approximately $33,000. BNP Paribas Financial Markets lifted its holdings in UDR by 52.7% in the third quarter. BNP Paribas Financial Markets now owns 412,282 shares of the real estate investment trust’s stock valued at $18,693,000 after buying an additional 142,329 shares during the period. Townsquare Capital LLC bought a new position in UDR in the third quarter valued at approximately $224,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in UDR by 1.8% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 239,626 shares of the real estate investment trust’s stock worth $10,865,000 after acquiring an additional 4,282 shares during the period. Institutional investors own 97.84% of the company’s stock.

Insider Transactions at UDR

In related news, CEO Thomas W. Toomey sold 25,000 shares of the business’s stock in a transaction on Thursday, February 20th. The shares were sold at an average price of $42.75, for a total transaction of $1,068,750.00. Following the transaction, the chief executive officer now directly owns 824,716 shares in the company, valued at approximately $35,256,609. The trade was a 2.94 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 3.73% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on UDR shares. Zelman & Associates reissued a “neutral” rating on shares of UDR in a research note on Thursday, February 13th. Mizuho cut their target price on UDR from $47.00 to $45.00 and set a “neutral” rating on the stock in a research note on Monday, January 6th. Truist Financial lowered UDR from a “buy” rating to a “hold” rating and boosted their target price for the stock from $45.00 to $46.00 in a research report on Monday, March 10th. Scotiabank increased their price target on shares of UDR from $48.00 to $49.00 and gave the company a “sector perform” rating in a research report on Friday, February 14th. Finally, Wells Fargo & Company decreased their price objective on shares of UDR from $48.00 to $45.00 and set an “overweight” rating for the company in a report on Friday, January 24th. One research analyst has rated the stock with a sell rating, eleven have assigned a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat, UDR has a consensus rating of “Hold” and an average target price of $46.12.

UDR Stock Up 0.8 %

NYSE:UDR opened at $44.56 on Monday. The stock has a 50-day simple moving average of $43.06 and a 200 day simple moving average of $43.75. UDR, Inc. has a 52-week low of $35.14 and a 52-week high of $47.55. The company has a market cap of $14.75 billion, a PE ratio of 178.22, a PEG ratio of 8.67 and a beta of 0.88. The company has a debt-to-equity ratio of 1.71, a quick ratio of 5.91 and a current ratio of 5.61.

UDR (NYSE:UDR) last issued its quarterly earnings results on Wednesday, February 5th. The real estate investment trust reported $0.63 EPS for the quarter, topping the consensus estimate of $0.10 by $0.53. UDR had a net margin of 5.36% and a return on equity of 2.65%. On average, sell-side analysts expect that UDR, Inc. will post 2.51 EPS for the current fiscal year.

UDR Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 30th. Shareholders of record on Thursday, April 10th will be given a dividend of $0.43 per share. This is a positive change from UDR’s previous quarterly dividend of $0.43. The ex-dividend date is Thursday, April 10th. This represents a $1.72 annualized dividend and a dividend yield of 3.86%. UDR’s payout ratio is 688.00%.

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.