UDR (UDR)

• Market cap: $14.3B
• 1 day: 2.45%
• 5 days: -2.07%
• 1 month: -1.98%
• 3 months: -4.73%
• 6 months: 7.10%
• Year to date: 12.47%
• 1 year: 17.33%
• 5 years: -6.17%
• 10 years: 36.93%
• Sector: Financials
• Industry: Real Estate Investment Trusts

About: UDR Inc 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. It generates key revenue from Same-Store Communities.

Employees: 1,410

Fund manager confidence

Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)

44% more first-time investments, than exits

New positions opened: 65 | Existing positions closed: 45

4% more funds holding

Funds holding: 475 [Q2] → 495 (+20) [Q3]

1% more capital invested

Capital invested by funds: $13.4B [Q2] → $13.6B (+$193M) [Q3]

1% more repeat investments, than reductions

Existing positions increased: 174 | Existing positions reduced: 172

7.36% less ownership

Funds ownership: 98.9% [Q2] → 91.54% (-7.36%) [Q3]

27% less call options, than puts

Call options by funds: $1.42M | Put options by funds: $1.96M

29% less funds holding in top 10

Funds holding in top 10: 7 [Q2] → 5 (-2) [Q3]

Research analyst outlook

3 Wall Street Analysts provided 1 year price targets over the past 3 months

• Low target: $45 4% upside
• Avg. target: $48 10% upside
• High target: $50 15% upside

3 analyst ratings

• positive: 1 33%
• neutral: 2 67%
• negative: 0 0%

Barclays Richard Hightower 25% 1-year accuracy 2 / 8 met price target	15% upside $50	Overweight Initiated	17 Dec 2024
Scotiabank Nicholas Yulico 43% 1-year accuracy 15 / 35 met price target	10% upside $48	Sector Perform Maintained	14 Nov 2024
RBC Capital Brad Heffern 47% 1-year accuracy 18 / 38 met price target	4% upside $45	Sector Perform Maintained	5 Nov 2024