Inspire Investing LLC Buys 21,435 Shares of UDR, Inc. (NYSE:UDR)

Inspire Investing LLC grew its stake in UDR, Inc. (NYSE:UDR) by 58.8% during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 57,892 shares of the real estate investment trust’s stock after purchasing an additional 21,435 shares during the quarter. Inspire Investing LLC’s holdings in UDR were worth $2,625,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Vanguard Group Inc. lifted its holdings in shares of UDR by 0.5% in the first quarter. Vanguard Group Inc. now owns 51,063,214 shares of the real estate investment trust’s stock valued at $1,910,275,000 after purchasing an additional 233,475 shares in the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. lifted its holdings in UDR by 370.6% during the first quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 222,940 shares of the real estate investment trust’s stock worth $8,340,000 after acquiring an additional 175,566 shares during the period. Simplicity Wealth LLC bought a new stake in UDR during the second quarter worth $2,135,000. Bessemer Group Inc. lifted its holdings in UDR by 2,250.3% during the first quarter. Bessemer Group Inc. now owns 37,416 shares of the real estate investment trust’s stock worth $1,399,000 after acquiring an additional 35,824 shares during the period. Finally, Lasalle Investment Management Securities LLC lifted its holdings in UDR by 64.6% during the first quarter. Lasalle Investment Management Securities LLC now owns 1,447,425 shares of the real estate investment trust’s stock worth $54,148,000 after acquiring an additional 567,878 shares during the period. Institutional investors own 97.84% of the company’s stock.

UDR Price Performance

Shares of NYSE UDR opened at $43.72 on Friday. The stock has a market cap of $14.42 billion, a PE ratio of 106.64, a price-to-earnings-growth ratio of 9.52 and a beta of 0.85. UDR, Inc. has a fifty-two week low of $30.95 and a fifty-two week high of $47.55. The company has a debt-to-equity ratio of 1.57, a quick ratio of 5.82 and a current ratio of 5.82. The stock has a fifty day moving average of $44.04 and a 200-day moving average of $40.88.

UDR (NYSE:UDR) last posted its earnings results on Tuesday, July 30th. The real estate investment trust reported $0.08 EPS for the quarter, missing the consensus estimate 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 previous year, the firm earned $0.61 earnings per share. UDR’s quarterly revenue was up 2.7% compared to the same quarter last year. Equities research analysts anticipate that UDR, Inc. will post 2.47 earnings per share for the current year.

UDR Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 31st. Investors of record on Thursday, October 10th will be given a dividend of $0.425 per share. This represents a $1.70 annualized dividend and a yield of 3.89%. The ex-dividend date is Thursday, October 10th. UDR’s payout ratio is 414.64%.

Analyst Upgrades and Downgrades

UDR has been the topic of a number of recent analyst reports. Deutsche Bank Aktiengesellschaft lifted their price target on UDR from $40.00 to $44.00 and gave the stock a “hold” rating in a report on Tuesday, September 10th. BMO Capital Markets upgraded UDR from a “market perform” rating to an “outperform” rating and lifted their price target for the stock from $39.00 to $45.00 in a report on Monday, July 15th. UBS Group lifted their price target on UDR from $48.00 to $52.00 and gave the stock a “buy” rating in a report on Thursday, September 12th. Wedbush lifted their price target on UDR from $45.00 to $49.00 and gave the stock an “outperform” rating in a report on Monday, August 5th. Finally, BNP Paribas assumed coverage on UDR in a research report on Wednesday, September 11th. They issued an “outperform” rating and a $49.00 target price for the company. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating and eight have issued a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average 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.