UDR, Inc. (NYSE:UDR) Shares Purchased by Wealth Enhancement Advisory Services LLC

Wealth Enhancement Advisory Services LLC raised its position in shares of UDR, Inc. (NYSE:UDR) by 17.8% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 9,242 shares of the real estate investment trust’s stock after buying an additional 1,395 shares during the period. Wealth Enhancement Advisory Services LLC’s holdings in UDR were worth $419,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also modified their holdings of UDR. Family Firm Inc. purchased a new position in shares of UDR in the second quarter valued at approximately $26,000. UMB Bank n.a. purchased a new position in UDR in the 2nd quarter valued at approximately $33,000. Rothschild Investment LLC acquired a new position in shares of UDR in the second quarter worth $35,000. Quest Partners LLC purchased a new stake in shares of UDR during the second quarter worth $37,000. Finally, International Assets Investment Management LLC purchased a new stake in shares of UDR during the second quarter worth $40,000. 97.84% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research analysts recently commented on UDR shares. Royal Bank of Canada lowered their target price on UDR from $46.00 to $45.00 and set a “sector perform” rating for the company in a research note on Tuesday, November 5th. Truist Financial boosted their price target on shares of UDR from $44.00 to $47.00 and gave the stock a “buy” rating in a report on Monday, August 26th. BNP Paribas assumed coverage on shares of UDR in a research report on Wednesday, September 11th. They issued an “outperform” rating and a $49.00 price objective on the stock. BMO Capital Markets raised shares of UDR from a “market perform” rating to an “outperform” rating and lifted their price objective for the stock from $39.00 to $45.00 in a research report on Monday, July 15th. Finally, JPMorgan Chase & Co. increased their target price on UDR from $43.00 to $50.00 and gave the company an “overweight” rating in a report on Monday, September 16th. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating and eight have given a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $45.24.

UDR Stock Performance

Shares of UDR stock opened at $44.48 on Friday. The stock has a market capitalization of $14.68 billion, a price-to-earnings ratio of 120.22, a PEG ratio of 9.45 and a beta of 0.85. The firm’s fifty day simple moving average is $44.62 and its 200-day simple moving average is $41.84. The company has a debt-to-equity ratio of 1.69, a current ratio of 5.91 and a quick ratio of 5.91. UDR, Inc. has a 12 month low of $31.87 and a 12 month high of $47.55.

UDR Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, October 31st. Stockholders of record on Thursday, October 10th were paid a dividend of $0.425 per share. The ex-dividend date was Thursday, October 10th. This represents a $1.70 annualized dividend and a dividend yield of 3.82%. UDR’s dividend payout ratio (DPR) is 459.47%.

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.