Wealth Enhancement Advisory Services LLC Acquires 1,497 Shares of UDR, Inc. (NYSE:UDR)

Wealth Enhancement Advisory Services LLC grew its holdings in shares of UDR, Inc. (NYSE:UDR) by 16.2% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 10,739 shares of the real estate investment trust’s stock after purchasing an additional 1,497 shares during the period. Wealth Enhancement Advisory Services LLC’s holdings in UDR were worth $466,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in the business. Universal Beteiligungs und Servicegesellschaft mbH purchased a new stake in shares of UDR in the 4th quarter worth approximately $42,073,000. Mackenzie Financial Corp boosted its holdings in UDR by 20.7% in the fourth quarter. Mackenzie Financial Corp now owns 13,605 shares of the real estate investment trust’s stock worth $591,000 after acquiring an additional 2,331 shares in the last quarter. Toronto Dominion Bank grew its stake in shares of UDR by 8.4% in the fourth quarter. Toronto Dominion Bank now owns 162,338 shares of the real estate investment trust’s stock worth $7,047,000 after acquiring an additional 12,512 shares during the last quarter. GF Fund Management CO. LTD. purchased a new stake in shares of UDR in the fourth quarter worth $247,000. Finally, Inspire Trust Co. N.A. increased its holdings in shares of UDR by 9.4% during the fourth quarter. Inspire Trust Co. N.A. now owns 30,000 shares of the real estate investment trust’s stock valued at $1,302,000 after acquiring an additional 2,585 shares in the last quarter. 97.84% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on the stock. Scotiabank upped their price target on shares of UDR from $48.00 to $49.00 and gave the stock a “sector perform” rating in a research note on Friday, February 14th. Mizuho dropped their target price on shares of UDR from $45.00 to $41.00 and set a “neutral” rating on the stock in a research note on Friday, May 23rd. Royal Bank of Canada increased their price target on shares of UDR from $43.00 to $44.00 and gave the company a “sector perform” rating in a report on Thursday, May 8th. Barclays boosted their price objective on shares of UDR from $48.00 to $51.00 and gave the stock an “overweight” rating in a report on Friday, May 9th. Finally, Zelman & Associates reaffirmed a “neutral” rating on shares of UDR in a research report on Thursday, February 13th. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $46.44.

UDR Stock Up 0.9%

UDR stock opened at $41.93 on Friday. The company has a market cap of $13.89 billion, a price-to-earnings ratio of 167.72, a P/E/G ratio of 8.67 and a beta of 0.83. The company has a debt-to-equity ratio of 1.71, a quick ratio of 5.91 and a current ratio of 5.61. The business’s 50-day moving average is $41.26 and its two-hundred day moving average is $42.55. UDR, Inc. has a fifty-two week low of $36.61 and a fifty-two week high of $47.55.

UDR (NYSE:UDR) last released its quarterly earnings results on Wednesday, April 30th. The real estate investment trust reported $0.61 EPS for the quarter, meeting the consensus estimate of $0.61. The firm had revenue of $419.84 million during the quarter, compared to analyst estimates of $421.23 million. UDR had a net margin of 5.36% and a return on equity of 2.65%. The business’s revenue for the quarter was up 2.0% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.61 EPS. As a group, analysts forecast that UDR, Inc. will post 2.51 earnings per share for the current year.

UDR Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, July 31st. Stockholders of record on Thursday, July 10th will be given a dividend of $0.43 per share. This represents a $1.72 dividend on an annualized basis and a dividend yield of 4.10%. UDR’s payout ratio is 491.43%.

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.