Venturi Wealth Management LLC Purchases 1,270 Shares of UDR, Inc. (NYSE:UDR)

Venturi Wealth Management LLC boosted its stake in shares of UDR, Inc. (NYSE:UDR) by 7.0% during the third quarter, Holdings Channel.com reports. The fund owned 19,416 shares of the real estate investment trust’s stock after acquiring an additional 1,270 shares during the period. Venturi Wealth Management LLC’s holdings in UDR were worth $880,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in UDR. Capital Research Global Investors bought a new position in UDR during the 1st quarter worth $176,137,000. Millennium Management LLC increased its stake in UDR by 115.3% during the 2nd quarter. Millennium Management LLC now owns 3,499,150 shares of the real estate investment trust’s stock worth $143,990,000 after acquiring an additional 1,874,096 shares during the period. Centersquare Investment Management LLC increased its stake in UDR by 17.7% during the 1st quarter. Centersquare Investment Management LLC now owns 9,550,638 shares of the real estate investment trust’s stock worth $363,688,000 after acquiring an additional 1,433,463 shares during the period. PGGM Investments increased its stake in UDR by 38.2% during the 1st quarter. PGGM Investments now owns 3,211,724 shares of the real estate investment trust’s stock worth $120,151,000 after acquiring an additional 887,060 shares during the period. Finally, Lasalle Investment Management Securities LLC increased its stake in UDR by 64.6% during the 1st quarter. Lasalle Investment Management Securities LLC now owns 1,447,425 shares of the real estate investment trust’s stock worth $54,148,000 after acquiring an additional 567,878 shares during the period. Institutional investors own 97.84% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have commented on the company. The Goldman Sachs Group assumed coverage on UDR in a research note on Wednesday, September 4th. They set a “sell” rating and a $42.00 price objective on the stock. JPMorgan Chase & Co. raised 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. BMO Capital Markets raised UDR from a “market perform” rating to an “outperform” rating and raised their target price for the company from $39.00 to $45.00 in a report on Monday, July 15th. Deutsche Bank Aktiengesellschaft raised their target price on UDR from $40.00 to $44.00 and gave the company a “hold” rating in a report on Tuesday, September 10th. Finally, Truist Financial raised their target price on UDR from $44.00 to $47.00 and gave the company a “buy” rating in a report on Monday, August 26th. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating and eight have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $45.24.

UDR Stock Up 0.4 %

Shares of UDR opened at $44.65 on Tuesday. The company has a market capitalization of $14.73 billion, a PE ratio of 120.68, a PEG ratio of 9.72 and a beta of 0.85. UDR, Inc. has a 12 month low of $31.94 and a 12 month high of $47.55. The stock’s 50-day moving average price is $44.62 and its two-hundred day moving average price is $41.90. The company has a current ratio of 5.91, a quick ratio of 5.91 and a debt-to-equity ratio of 1.69.

UDR Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, October 31st. Shareholders of record on Thursday, October 10th were issued a dividend of $0.425 per share. This represents a $1.70 annualized dividend and a yield of 3.81%. The ex-dividend date was Thursday, October 10th. UDR’s payout ratio is presently 459.46%.

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.