Avantax Advisory Services Inc. Purchases 627 Shares of UDR, Inc. (NYSE:UDR)

Avantax Advisory Services Inc. raised its position in shares of UDR, Inc. (NYSE:UDR) by 9.8% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,026 shares of the real estate investment trust’s stock after acquiring an additional 627 shares during the period. Avantax Advisory Services Inc.’s holdings in UDR were worth $305,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Asset Management One Co. Ltd. lifted its position in UDR by 7.9% during the fourth quarter. Asset Management One Co. Ltd. now owns 587,772 shares of the real estate investment trust’s stock valued at $25,515,000 after purchasing an additional 42,926 shares during the last quarter. Principal Financial Group Inc. raised its position in shares of UDR by 45.7% during the 4th quarter. Principal Financial Group Inc. now owns 512,540 shares of the real estate investment trust’s stock valued at $22,249,000 after buying an additional 160,708 shares in the last quarter. JPMorgan Chase & Co. lifted its holdings in shares of UDR by 5.0% in the 3rd quarter. JPMorgan Chase & Co. now owns 7,774,541 shares of the real estate investment trust’s stock valued at $352,498,000 after acquiring an additional 368,087 shares during the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd increased its stake in UDR by 7.0% during the fourth quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 95,344 shares of the real estate investment trust’s stock worth $4,139,000 after acquiring an additional 6,217 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its stake in shares of UDR by 2.2% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 4,367,054 shares of the real estate investment trust’s stock valued at $189,574,000 after purchasing an additional 95,022 shares during the last quarter. 97.84% of the stock is currently owned by institutional investors.

Insider Transactions at UDR

In related news, CEO Thomas W. Toomey sold 25,000 shares of the firm’s stock in a transaction on 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 sale, the chief executive officer now directly owns 824,716 shares of the company’s stock, valued at $35,256,609. This trade represents a 2.94 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 3.73% of the stock is currently owned by corporate insiders.

UDR Price Performance

Shares of NYSE:UDR opened at $44.09 on Wednesday. The stock’s 50 day moving average price is $42.87 and its 200 day moving average price is $43.77. UDR, Inc. has a 12 month low of $35.14 and a 12 month high of $47.55. The stock has a market cap of $14.60 billion, a price-to-earnings ratio of 176.36, a PEG ratio of 8.67 and a beta of 0.88. The company has a debt-to-equity ratio of 1.71, a current ratio of 5.61 and a quick ratio of 5.91.

UDR (NYSE:UDR) last announced its quarterly earnings data on Wednesday, February 5th. The real estate investment trust reported $0.63 EPS for the quarter, beating analysts’ consensus estimates of $0.10 by $0.53. UDR had a net margin of 5.36% and a return on equity of 2.65%. Equities research analysts anticipate that UDR, Inc. will post 2.51 earnings per share for the current fiscal year.

UDR Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 30th. Investors of record on Thursday, April 10th will be paid a dividend of $0.43 per share. This is an increase from UDR’s previous quarterly dividend of $0.43. The ex-dividend date of this dividend is Thursday, April 10th. This represents a $1.72 annualized dividend and a yield of 3.90%. UDR’s dividend payout ratio is presently 688.00%.

Analyst Ratings Changes

Several research firms recently weighed in on UDR. Royal Bank of Canada increased their price target on UDR from $43.00 to $44.00 and gave the company a “sector perform” rating in a report on Friday, February 7th. Truist Financial lowered shares of UDR from a “buy” rating to a “hold” rating and raised their target price for the stock from $45.00 to $46.00 in a report on Monday, March 10th. StockNews.com upgraded shares of UDR from a “sell” rating to a “hold” rating in a report on Thursday, February 6th. Scotiabank raised their price objective on shares of UDR from $48.00 to $49.00 and gave the stock a “sector perform” rating in a research note on Friday, February 14th. Finally, Jefferies Financial Group downgraded UDR from a “buy” rating to a “hold” rating and reduced their price target for the stock from $50.00 to $45.00 in a report on Thursday, January 2nd. One research analyst has rated the stock with a sell rating, eleven have issued a hold rating and seven have issued a buy rating to the company’s stock. Based on data from MarketBeat, UDR has an average rating of “Hold” and a consensus price target of $46.12.

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.