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

Avantax Advisory Services Inc. increased its stake in shares of UDR, Inc. (NYSE:UDR) by 9.8% during the fourth quarter, according to its most recent Form 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 buying an additional 627 shares during the quarter. Avantax Advisory Services Inc.’s holdings in UDR were worth $305,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in UDR by 862.3% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 3,086,964 shares of the real estate investment trust’s stock worth $139,963,000 after purchasing an additional 2,766,172 shares during the last quarter. FMR LLC grew its stake in UDR by 14.8% in the third quarter. FMR LLC now owns 11,401,026 shares of the real estate investment trust’s stock valued at $516,923,000 after acquiring an additional 1,471,855 shares during the period. Raymond James Financial Inc. bought a new stake in UDR during the 4th quarter valued at $22,662,000. JPMorgan Chase & Co. lifted its position in 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 in the last quarter. Finally, Janus Henderson Group PLC boosted its position in shares of UDR by 25.6% during the third quarter. Janus Henderson Group PLC now owns 1,544,796 shares of the real estate investment trust’s stock valued at $70,048,000 after buying an additional 315,105 shares during the last quarter. Institutional investors own 97.84% of the company’s stock.

Insider Activity at UDR

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

UDR Price Performance

Shares of UDR stock opened at $44.09 on Wednesday. The firm has a market capitalization 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 current ratio of 5.61, a quick ratio of 5.91 and a debt-to-equity ratio of 1.71. The firm’s 50 day moving average is $42.87 and its 200-day moving average is $43.77. UDR, Inc. has a 1 year low of $35.14 and a 1 year high of $47.55.

UDR (NYSE:UDR) last announced its quarterly earnings results on Wednesday, February 5th. The real estate investment trust reported $0.63 earnings per share 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%. Sell-side analysts forecast that UDR, Inc. will post 2.51 EPS for the current fiscal year.

UDR Increases Dividend

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

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on UDR shares. Jefferies Financial Group downgraded shares of UDR from a “buy” rating to a “hold” rating and decreased their price objective for the stock from $50.00 to $45.00 in a report on Thursday, January 2nd. Mizuho lowered their price objective 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. Wells Fargo & Company dropped their target price on shares of UDR from $48.00 to $45.00 and set an “overweight” rating for the company in a report on Friday, January 24th. Zelman & Associates reiterated a “neutral” rating on shares of UDR in a research note on Thursday, February 13th. Finally, Royal Bank of Canada upped 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. One research analyst has rated the stock with a sell rating, eleven have assigned a hold rating and seven have assigned a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus target price 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.