2,007 Shares in UDR, Inc. (NYSE:UDR) Acquired by Wingate Wealth Advisors Inc.

Wingate Wealth Advisors Inc. bought a new stake in UDR, Inc. (NYSE:UDR) during the fourth quarter, Holdings Channel.com reports. The firm bought 2,007 shares of the real estate investment trust’s stock, valued at approximately $87,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in UDR. Activest Wealth Management purchased a new stake in UDR during the 3rd quarter worth about $27,000. Brooklyn Investment Group purchased a new stake in shares of UDR in the 3rd quarter valued at about $33,000. Continuum Advisory LLC raised its stake in UDR by 5,335.3% during the 3rd 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 during the last quarter. Mather Group LLC. raised its stake in UDR by 58.2% during the 3rd quarter. Mather Group LLC. now owns 998 shares of the real estate investment trust’s stock valued at $45,000 after acquiring an additional 367 shares during the last quarter. Finally, Salem Investment Counselors Inc. raised its stake in UDR by 62.7% during the 4th 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 during the last quarter. Hedge funds and other institutional investors own 97.84% of the company’s stock.

UDR Trading Down 0.2 %

Shares of NYSE:UDR opened at $42.80 on Tuesday. The stock has a market capitalization of $14.12 billion, a PE ratio of 171.20, a P/E/G ratio of 11.72 and a beta of 0.88. UDR, Inc. has a 1 year low of $34.19 and a 1 year high of $47.55. The firm has a fifty day moving average price of $42.65 and a 200 day moving average price of $43.46. The company has a current ratio of 1.32, a quick ratio of 5.91 and a debt-to-equity ratio of 1.71.

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

UDR Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, January 31st. Investors of record on Thursday, January 9th were paid a $0.425 dividend. This represents a $1.70 annualized dividend and a dividend yield of 3.97%. The ex-dividend date was Friday, January 10th. UDR’s payout ratio is presently 680.00%.

Analyst Ratings Changes

Several equities analysts have issued reports on UDR shares. Barclays dropped their target price on UDR from $50.00 to $48.00 and set an “overweight” rating on the stock in a research report on Friday, January 24th. Evercore ISI increased their target price on UDR from $43.00 to $45.00 and gave the company an “in-line” rating in a report on Monday. Jefferies Financial Group cut UDR from a “buy” rating to a “hold” rating and lowered their target price for the company from $50.00 to $45.00 in a report on Thursday, January 2nd. StockNews.com raised UDR from a “sell” rating to a “hold” rating in a research note on Thursday, February 6th. Finally, Wells Fargo & Company cut their target price on UDR from $48.00 to $45.00 and set an “overweight” rating on the stock in a research report on Friday, January 24th. One investment analyst has rated the stock with a sell rating, nine have given a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat, UDR currently has an average rating of “Hold” and an average target price of $46.12.

About UDR

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.