Diamond Hill Capital Management Inc. Sells 8,391 Shares of UDR, Inc. (NYSE:UDR)

Diamond Hill Capital Management Inc. decreased its holdings in shares of UDR, Inc. (NYSE:UDR) by 0.5% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,520,952 shares of the real estate investment trust’s stock after selling 8,391 shares during the period. Diamond Hill Capital Management Inc. owned about 0.46% of UDR worth $62,587,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently modified their holdings of UDR. Vanguard Group Inc. raised its stake 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 worth $1,910,275,000 after buying an additional 233,475 shares during the period. Presima Securities ULC purchased a new position in UDR during the fourth quarter valued at approximately $18,256,000. BNP PARIBAS ASSET MANAGEMENT Holding S.A. boosted its position in shares of UDR by 370.6% in 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 purchasing an additional 175,566 shares during the period. Simplicity Wealth LLC purchased a new stake in shares of UDR in the second quarter worth $2,135,000. Finally, Hsbc Holdings PLC raised its position in shares of UDR by 6.2% during the 4th quarter. Hsbc Holdings PLC now owns 761,659 shares of the real estate investment trust’s stock valued at $29,205,000 after purchasing an additional 44,677 shares during the period. 97.84% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

UDR has been the subject of a number of analyst reports. Deutsche Bank Aktiengesellschaft increased their price target on UDR from $40.00 to $44.00 and gave the stock a “hold” rating in a research note on Tuesday, September 10th. JPMorgan Chase & Co. lifted their target price on UDR from $42.00 to $43.00 and gave the company an “overweight” rating in a research note on Monday, June 17th. Mizuho lifted their price objective on shares of UDR from $35.00 to $38.00 and gave the company a “neutral” rating in a research report on Thursday, May 30th. Piper Sandler upped their target price on shares of UDR from $40.00 to $46.00 and gave the stock a “neutral” rating in a research report on Monday, August 26th. Finally, Wedbush lifted their price target on shares of UDR from $45.00 to $49.00 and gave the company an “outperform” rating in a report on Monday, August 5th. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $43.67.

UDR Stock Up 1.2 %

NYSE:UDR opened at $47.13 on Friday. The company has a market cap of $15.54 billion, a price-to-earnings ratio of 34.15, a price-to-earnings-growth ratio of 10.21 and a beta of 0.85. UDR, Inc. has a twelve month low of $30.95 and a twelve month high of $47.22. 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 stock has a fifty day simple moving average of $42.37 and a 200-day simple moving average of $39.73.

UDR (NYSE:UDR) last announced its quarterly earnings data 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). The company had revenue of $415.30 million for the quarter, compared to the consensus estimate of $413.75 million. UDR had a net margin of 8.34% and a return on equity of 3.70%. The company’s quarterly revenue was up 2.7% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.61 EPS. Analysts anticipate that UDR, Inc. will post 2.46 EPS for the current year.

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.