IRON Financial LLC Purchases 511 Shares of UDR, Inc. (NYSE:UDR)

IRON Financial LLC grew its holdings in UDR, Inc. (NYSE:UDR) by 3.0% during the 4th quarter, Holdings Channel reports. The firm owned 17,674 shares of the real estate investment trust’s stock after purchasing an additional 511 shares during the period. IRON Financial LLC’s holdings in UDR were worth $767,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Activest Wealth Management bought a new position in UDR in the third quarter valued at approximately $27,000. Brooklyn Investment Group acquired a new position in shares of UDR in the 3rd quarter valued at $33,000. Continuum Advisory LLC lifted its stake in shares of UDR by 5,335.3% in the 3rd quarter. Continuum Advisory LLC now owns 924 shares of the real estate investment trust’s stock valued at $41,000 after purchasing an additional 907 shares during the period. Mather Group LLC. boosted its position in shares of UDR by 58.2% in the 3rd quarter. Mather Group LLC. now owns 998 shares of the real estate investment trust’s stock worth $45,000 after purchasing an additional 367 shares during the last quarter. Finally, Point72 Asia Singapore Pte. Ltd. acquired a new stake in shares of UDR during the second quarter worth $54,000. Institutional investors and hedge funds own 97.84% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have issued reports on the company. Wells Fargo & Company reduced their target price on UDR from $48.00 to $45.00 and set an “overweight” rating on the stock in a report on Friday. Mizuho reduced their price objective on shares of UDR from $47.00 to $45.00 and set a “neutral” rating on the stock in a research note on Monday, January 6th. Scotiabank lowered their target price on shares of UDR from $49.00 to $48.00 and set a “sector perform” rating for the company in a research note on Thursday, November 14th. Royal Bank of Canada reduced their price target on shares of UDR from $46.00 to $45.00 and set a “sector perform” rating on the stock in a research report on Tuesday, November 5th. Finally, Barclays lowered their price objective on shares of UDR from $50.00 to $48.00 and set an “overweight” rating for the company in a research report on Friday. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and eight have issued a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $46.06.

UDR Price Performance

Shares of UDR opened at $41.69 on Tuesday. 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 twelve month low of $34.19 and a twelve month high of $47.55. The stock has a market capitalization of $13.76 billion, a P/E ratio of 112.68, a P/E/G ratio of 11.03 and a beta of 0.89. The company has a 50 day moving average of $43.35 and a 200-day moving average of $43.42.

UDR Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, January 31st. Shareholders of record on Thursday, January 9th will be paid a $0.425 dividend. The ex-dividend date of this dividend is Friday, January 10th. This represents a $1.70 annualized dividend and a yield of 4.08%. UDR’s payout ratio is currently 459.47%.

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.