Naviter Wealth LLC Takes Position in UDR, Inc. (NYSE:UDR)

Naviter Wealth LLC acquired a new position in shares of UDR, Inc. (NYSE:UDR) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 16,437 shares of the real estate investment trust’s stock, valued at approximately $714,000.

A number of other institutional investors also recently bought and sold shares of the company. Wealth Enhancement Advisory Services LLC increased its holdings in shares of UDR by 17.8% during the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 9,242 shares of the real estate investment trust’s stock worth $419,000 after buying an additional 1,395 shares during the last quarter. Robeco Institutional Asset Management B.V. grew its position in UDR by 354.1% in the third quarter. Robeco Institutional Asset Management B.V. now owns 57,879 shares of the real estate investment trust’s stock worth $2,624,000 after acquiring an additional 45,134 shares during the period. State of New Jersey Common Pension Fund D increased its stake in UDR by 3.1% during the third quarter. State of New Jersey Common Pension Fund D now owns 337,524 shares of the real estate investment trust’s stock worth $15,303,000 after acquiring an additional 10,000 shares during the last quarter. Los Angeles Capital Management LLC raised its position in UDR by 1,665.3% in the third quarter. Los Angeles Capital Management LLC now owns 369,448 shares of the real estate investment trust’s stock valued at $16,751,000 after purchasing an additional 348,520 shares during the period. Finally, Catalytic Wealth RIA LLC lifted its stake in shares of UDR by 33.1% in the 3rd quarter. Catalytic Wealth RIA LLC now owns 7,493 shares of the real estate investment trust’s stock valued at $340,000 after purchasing an additional 1,864 shares during the last quarter. 97.84% of the stock is owned by hedge funds and other institutional investors.

UDR Stock Performance

Shares of UDR stock opened at $44.43 on Friday. The business has a 50-day simple moving average of $42.47 and a 200-day simple moving average of $43.79. 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, Inc. has a one year low of $35.14 and a one year high of $47.55. The company has a market cap of $14.71 billion, a PE ratio of 177.72, a P/E/G ratio of 8.67 and a beta of 0.88.

UDR (NYSE:UDR) last posted 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, equities research analysts forecast that UDR, Inc. will post 2.51 EPS for the current fiscal year.

UDR Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, January 31st. Investors of record on Thursday, January 9th were issued a $0.425 dividend. This represents a $1.70 annualized dividend and a yield of 3.83%. The ex-dividend date of this dividend was Friday, January 10th. UDR’s dividend payout ratio (DPR) is presently 680.00%.

Wall Street Analysts Forecast Growth

UDR has been the subject of a number of recent analyst reports. Zelman & Associates reissued a “neutral” rating on shares of UDR in a research report on Thursday, February 13th. Royal Bank of Canada lifted their price target on shares of UDR from $43.00 to $44.00 and gave the company a “sector perform” rating in a research report on Friday, February 7th. Wells Fargo & Company reduced their price target on shares of UDR from $48.00 to $45.00 and set an “overweight” rating on the stock in a research note on Friday, January 24th. Barclays lowered their price objective on shares of UDR from $50.00 to $48.00 and set an “overweight” rating for the company in a research report on Friday, January 24th. Finally, Scotiabank boosted their target price on UDR from $48.00 to $49.00 and gave the company a “sector perform” rating in a research report on Friday, February 14th. One analyst has rated the stock with a sell rating, ten have assigned a hold rating and eight have issued a buy rating to the company’s stock. According to data from MarketBeat.com, UDR presently has an average rating of “Hold” and a consensus price target of $46.18.

Insider Buying and Selling at UDR

In other news, CEO Thomas W. Toomey sold 25,000 shares of the stock in a transaction dated Thursday, February 20th. The stock was sold at an average price of $42.75, for a total value of $1,068,750.00. Following the transaction, the chief executive officer now owns 824,716 shares in the company, valued at approximately $35,256,609. This represents a 2.94 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 3.73% of the stock is owned by insiders.

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.