Focus Partners Wealth Makes New Investment in UDR, Inc. (NYSE:UDR)

Focus Partners Wealth acquired a new position in shares of UDR, Inc. (NYSE:UDR) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 54,454 shares of the real estate investment trust’s stock, valued at approximately $2,364,000.

Other large investors have also bought and sold shares of the company. Smartleaf Asset Management LLC increased its stake in shares of UDR by 68.7% in the 4th quarter. Smartleaf Asset Management LLC now owns 1,206 shares of the real estate investment trust’s stock valued at $52,000 after acquiring an additional 491 shares during the last quarter. Catalyst Capital Advisors LLC bought a new stake in UDR in the 4th quarter valued at approximately $63,000. Crews Bank & Trust acquired a new stake in shares of UDR in the fourth quarter valued at approximately $76,000. Wingate Wealth Advisors Inc. bought a new stake in shares of UDR in the fourth quarter worth $87,000. Finally, Atlas Capital Advisors Inc. acquired a new position in UDR during the fourth quarter worth $114,000. 97.84% of the stock is currently owned by institutional investors and hedge funds.

UDR Stock Performance

NYSE UDR opened at $41.83 on Friday. UDR, Inc. has a 12-month low of $36.61 and a 12-month high of $47.55. The company’s 50 day moving average is $42.24 and its 200-day moving average is $42.94. The company has a quick ratio of 5.91, a current ratio of 5.61 and a debt-to-equity ratio of 1.71. The firm has a market cap of $13.86 billion, a P/E ratio of 167.32, a price-to-earnings-growth ratio of 8.67 and a beta of 0.84.

UDR (NYSE:UDR) last issued its quarterly earnings data on Wednesday, April 30th. The real estate investment trust reported $0.61 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.61. The company had revenue of $419.84 million for the quarter, compared to the consensus estimate of $421.23 million. UDR had a return on equity of 2.65% and a net margin of 5.36%. The firm’s revenue was up 2.0% compared to the same quarter last year. During the same quarter last year, the business posted $0.61 earnings per share. Sell-side analysts predict that UDR, Inc. will post 2.51 earnings per share for the current year.

UDR Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, April 30th. Shareholders of record on Thursday, April 10th were given a $0.43 dividend. This is a boost from UDR’s previous quarterly dividend of $0.43. The ex-dividend date was Thursday, April 10th. This represents a $1.72 dividend on an annualized basis and a dividend yield of 4.11%. UDR’s payout ratio is presently 491.43%.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on UDR shares. Evercore ISI boosted their price objective on shares of UDR from $43.00 to $45.00 and gave the stock an “in-line” rating in a research note on Monday, February 10th. Scotiabank boosted their price target on UDR from $48.00 to $49.00 and gave the company a “sector perform” rating in a research note on Friday, February 14th. Truist Financial lowered UDR from a “buy” rating to a “hold” rating and raised their price objective for the company from $45.00 to $46.00 in a research note on Monday, March 10th. StockNews.com upgraded UDR from a “sell” rating to a “hold” rating in a research report on Thursday, February 6th. Finally, Barclays lifted their target price on UDR from $48.00 to $51.00 and gave the stock an “overweight” rating in a report on Friday, May 9th. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating and seven have given a buy rating to the company’s stock. According to MarketBeat, UDR presently has a consensus rating of “Hold” and an average target price of $46.69.

Insiders Place Their Bets

In other UDR news, CEO Thomas W. Toomey sold 25,000 shares of the stock in a transaction on 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 completion of 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 ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 3.39% of the company’s stock.

About UDR

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.