Smartleaf Asset Management LLC Raises Stake in UDR, Inc. (NYSE:UDR)

Smartleaf Asset Management LLC boosted its holdings in shares of UDR, Inc. (NYSE:UDR) by 68.7% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,206 shares of the real estate investment trust’s stock after acquiring an additional 491 shares during the period. Smartleaf Asset Management LLC’s holdings in UDR were worth $52,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Activest Wealth Management purchased a new position in UDR during the 3rd quarter valued at about $27,000. Brooklyn Investment Group purchased a new position in UDR during the 3rd quarter valued at about $33,000. Continuum Advisory LLC raised its holdings in UDR by 5,335.3% in the third quarter. Continuum Advisory LLC now owns 924 shares of the real estate investment trust’s stock worth $41,000 after buying an additional 907 shares during the last quarter. Salem Investment Counselors Inc. raised its holdings in UDR by 62.7% in the fourth quarter. Salem Investment Counselors Inc. now owns 1,349 shares of the real estate investment trust’s stock worth $59,000 after buying an additional 520 shares during the last quarter. Finally, Catalyst Capital Advisors LLC purchased a new position in UDR in the fourth quarter worth about $63,000. 97.84% of the stock is owned by hedge funds and other institutional investors.

UDR Trading Down 0.6 %

Shares of UDR opened at $44.24 on Tuesday. UDR, Inc. has a 52-week low of $35.14 and a 52-week high of $47.55. 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’s fifty day moving average is $42.49 and its two-hundred day moving average is $43.81. The stock has a market cap of $14.65 billion, a PE ratio of 176.94, a price-to-earnings-growth 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 return on equity of 2.65% and a net margin of 5.36%. Research analysts forecast that UDR, Inc. will post 2.51 earnings per share for the current fiscal year.

UDR Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, January 31st. Shareholders of record on Thursday, January 9th were given a $0.425 dividend. This represents a $1.70 annualized dividend and a yield of 3.84%. The ex-dividend date of this dividend was Friday, January 10th. UDR’s dividend payout ratio is currently 680.00%.

Wall Street Analysts Forecast Growth

UDR has been the subject of several recent analyst reports. Truist Financial cut shares of UDR from a “buy” rating to a “hold” rating and lifted their target price for the stock from $45.00 to $46.00 in a report on Monday. Mizuho decreased their target price on shares of UDR from $47.00 to $45.00 and set a “neutral” rating for the company in a report on Monday, January 6th. Scotiabank lifted their target price on shares of UDR from $48.00 to $49.00 and gave the stock a “sector perform” rating in a report on Friday, February 14th. Royal Bank of Canada lifted their target price on shares of UDR from $43.00 to $44.00 and gave the stock a “sector perform” rating in a report on Friday, February 7th. Finally, Barclays decreased their target price on shares of UDR from $50.00 to $48.00 and set an “overweight” rating for the company in a report on Friday, January 24th. One analyst has rated the stock with a sell rating, eleven have assigned a hold rating and seven have given a buy rating to the company. According to data from MarketBeat.com, UDR presently has a consensus rating of “Hold” and an average target price of $46.12.

Insider Buying and Selling at UDR

In other news, CEO Thomas W. Toomey sold 25,000 shares of the business’s stock in a transaction dated Thursday, February 20th. The stock was sold at an average price of $42.75, for a total transaction of $1,068,750.00. Following the completion of the transaction, the chief executive officer now directly owns 824,716 shares of the company’s stock, valued at approximately $35,256,609. The trade was a 2.94 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 3.73% of the stock is currently owned by corporate insiders.

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.