Activest Wealth Management Purchases New Stake in UDR, Inc. (NYSE:UDR)

Activest Wealth Management acquired a new position in shares of UDR, Inc. (NYSE:UDR) in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 600 shares of the real estate investment trust’s stock, valued at approximately $27,000.

Other institutional investors also recently modified their holdings of the company. Family Firm Inc. acquired a new position in shares of UDR in the 2nd quarter valued at approximately $26,000. UMB Bank n.a. bought a new stake in UDR in the 2nd quarter valued at $33,000. Rothschild Investment LLC acquired a new stake in shares of UDR in the 2nd quarter valued at about $35,000. Quest Partners LLC bought a new position in shares of UDR during the second quarter worth about $37,000. Finally, Blue Trust Inc. raised its position in UDR by 1,018.3% in the 2nd quarter. Blue Trust Inc. now owns 1,040 shares of the real estate investment trust’s stock valued at $39,000 after buying an additional 947 shares during the last quarter. Institutional investors and hedge funds own 97.84% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on UDR. The Goldman Sachs Group began coverage on shares of UDR in a research note on Wednesday, September 4th. They set a “sell” rating and a $42.00 price objective for the company. Wedbush upped their price objective on UDR from $45.00 to $49.00 and gave the stock an “outperform” rating in a research note on Monday, August 5th. Truist Financial upped their price target on shares of UDR from $44.00 to $47.00 and gave the stock a “buy” rating in a research report on Monday, August 26th. UBS Group boosted their price objective on shares of UDR from $48.00 to $52.00 and gave the stock a “buy” rating in a research note on Thursday, September 12th. Finally, BNP Paribas started coverage on shares of UDR in a report on Wednesday, September 11th. They issued an “outperform” rating and a $49.00 target price on the stock. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating and eight have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, UDR currently has a consensus rating of “Hold” and a consensus price target of $45.18.

UDR Price Performance

UDR stock opened at $44.81 on Friday. The company’s 50-day moving average price is $44.54 and its two-hundred day moving average price is $42.26. The firm has a market cap of $14.79 billion, a P/E ratio of 121.11, a P/E/G ratio of 12.35 and a beta of 0.85. The company has a quick ratio of 5.91, a current ratio of 5.91 and a debt-to-equity ratio of 1.69. UDR, Inc. has a 12 month low of $32.85 and a 12 month high of $47.55.

UDR Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, October 31st. Shareholders of record on Thursday, October 10th were given a $0.425 dividend. This represents a $1.70 dividend on an annualized basis and a yield of 3.79%. The ex-dividend date of this dividend was Thursday, October 10th. UDR’s dividend payout ratio is presently 459.47%.

UDR Company 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.