UDRUDR
Market Cap: $14.5B
About: UDR is a real estate investment trust that owns, operates, acquires, renovates, develops, redevelops, disposes of, and manages multifamily apartment communities in targeted markets located in the United States. The company has two reportable segments; Same-Store Communities segment represents those communities acquired, developed, and stabilized prior to January 1, 2021, and held as of December 31, 2022, and Non-Mature Communities/Other segment represents those communities that do not meet the criteria to be included in Same-Store Communities, including, but not limited to, recently acquired, developed and redeveloped communities, and the non-apartment components of mixed-use properties. The company generates key revenue from Same-Store Communities.
Employees: 1,410
Fund manager confidence
Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)
65% more first-time investments, than exits
New positions opened: 71 | Existing positions closed: 43
18% more capital invested
Capital invested by funds: $11.3B [Q1] → $13.3B (+$2.02B) [Q2]
18% more repeat investments, than reductions
Existing positions increased: 181 | Existing positions reduced: 154
6% more funds holding
Funds holding: 446 [Q1] → 474 (+28) [Q2]
0% more funds holding in top 10
Funds holding in top 10: 7 [Q1] → 7 (+0) [Q2]
14.65% less ownership
Funds ownership: 112.73% [Q1] → 98.08% (-14.65%) [Q2]
76% less call options, than puts
Call options by funds: $4.92M | Put options by funds: $20.4M
Research analyst outlook
13 Wall Street Analysts provided 1 year price targets over the past 3 months
13 analyst ratings
Goldman Sachs Julien Blouin 100% 1-year accuracy 4 / 4 met price target | 5%downside $42 | Sell Initiated | 4 Sept 2024 |
Evercore ISI Group Steve Sakwa 66% 1-year accuracy 31 / 47 met price target | 5%downside $42 | In-Line Maintained | 28 Aug 2024 |
Piper Sandler Alexander Goldfarb 63% 1-year accuracy 34 / 54 met price target | 4%upside $46 | Neutral Maintained | 26 Aug 2024 |
Truist Securities Michael Lewis 84% 1-year accuracy 37 / 44 met price target | 7%upside $47 | Buy Maintained | 26 Aug 2024 |
Scotiabank Nicholas Yulico 68% 1-year accuracy 15 / 22 met price target | 2%upside $45 | Sector Perform Maintained | 26 Aug 2024 |
Financial journalist opinion
Based on 6 articles about UDR published over the past 30 days