GC Wealth Management RIA LLC Grows Position in UDR, Inc. (NYSE:UDR)

GC Wealth Management RIA LLC grew its stake in shares of UDR, Inc. (NYSE:UDR) by 21.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 9,088 shares of the real estate investment trust’s stock after purchasing an additional 1,595 shares during the quarter. GC Wealth Management RIA LLC’s holdings in UDR were worth $395,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Activest Wealth Management purchased a new stake in shares of UDR during the third quarter valued at approximately $27,000. Brooklyn Investment Group purchased a new stake in shares of UDR during the third quarter valued at approximately $33,000. Continuum Advisory LLC raised its holdings in shares of UDR by 5,335.3% during the third quarter. Continuum Advisory LLC now owns 924 shares of the real estate investment trust’s stock valued at $41,000 after acquiring an additional 907 shares in the last quarter. Smartleaf Asset Management LLC raised its holdings in shares of UDR by 68.7% during the fourth 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 in the last quarter. Finally, Salem Investment Counselors Inc. raised its holdings in shares of UDR by 62.7% during the fourth quarter. Salem Investment Counselors Inc. now owns 1,349 shares of the real estate investment trust’s stock valued at $59,000 after acquiring an additional 520 shares in the last quarter. Hedge funds and other institutional investors own 97.84% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on UDR shares. Zelman & Associates restated a “neutral” rating on shares of UDR in a report on Thursday, February 13th. Wells Fargo & Company decreased their target price on UDR from $48.00 to $45.00 and set an “overweight” rating for the company in a report on Friday, January 24th. Royal Bank of Canada upped their target price on UDR from $43.00 to $44.00 and gave the company a “sector perform” rating in a report on Friday, February 7th. Barclays decreased their target price on UDR from $50.00 to $48.00 and set an “overweight” rating for the company in a report on Friday, January 24th. Finally, Mizuho decreased their target price on UDR from $47.00 to $45.00 and set a “neutral” rating for the company in a report on Monday, January 6th. One equities research analyst has rated the stock with a sell rating, eleven have issued a hold rating and seven have given a buy rating to the company’s stock. Based on data from MarketBeat.com, UDR presently has an average rating of “Hold” and a consensus price target of $46.12.

Insiders Place Their Bets

In other news, CEO Thomas W. Toomey sold 25,000 shares of the firm’s stock in a transaction dated 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 transaction, the chief executive officer now owns 824,716 shares of the company’s stock, valued at $35,256,609. This trade represents a 2.94 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 3.73% of the company’s stock.

UDR Price Performance

Shares of NYSE:UDR opened at $43.81 on Wednesday. UDR, Inc. has a 1-year low of $35.14 and a 1-year high of $47.55. The company has a debt-to-equity ratio of 1.71, a current ratio of 5.61 and a quick ratio of 5.91. The business has a fifty day moving average price of $42.50 and a 200-day moving average price of $43.82. The company has a market capitalization of $14.51 billion, a PE ratio of 175.26, a PEG ratio of 8.67 and a beta of 0.88.

UDR (NYSE:UDR) last issued its quarterly earnings results on Wednesday, February 5th. The real estate investment trust reported $0.63 earnings per share for the quarter, beating 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%. As a group, equities analysts expect that UDR, Inc. will post 2.51 EPS for the current fiscal year.

UDR Dividend Announcement

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. The ex-dividend date was Friday, January 10th. This represents a $1.70 annualized dividend and a yield of 3.88%. UDR’s payout ratio is 680.00%.

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.