Kiker Wealth Management LLC Takes $337,000 Position in UDR, Inc. (NYSE:UDR)

Kiker Wealth Management LLC acquired a new stake in UDR, Inc. (NYSE:UDR) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 7,753 shares of the real estate investment trust’s stock, valued at approximately $337,000.

A number of other hedge funds have also modified their holdings of the company. Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its holdings in shares of UDR by 39.0% in the fourth quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 170,632 shares of the real estate investment trust’s stock valued at $7,407,000 after purchasing an additional 47,870 shares during the period. iA Global Asset Management Inc. increased its holdings in shares of UDR by 24.4% in the fourth quarter. iA Global Asset Management Inc. now owns 18,156 shares of the real estate investment trust’s stock valued at $788,000 after purchasing an additional 3,567 shares during the period. Teacher Retirement System of Texas increased its holdings in shares of UDR by 27.5% in the fourth quarter. Teacher Retirement System of Texas now owns 180,061 shares of the real estate investment trust’s stock valued at $7,816,000 after purchasing an additional 38,852 shares during the period. Royal London Asset Management Ltd. increased its holdings in shares of UDR by 7.9% in the fourth quarter. Royal London Asset Management Ltd. now owns 173,426 shares of the real estate investment trust’s stock valued at $7,528,000 after purchasing an additional 12,648 shares during the period. Finally, OVERSEA CHINESE BANKING Corp Ltd boosted its stake in shares of UDR by 23.1% in the fourth quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 177,096 shares of the real estate investment trust’s stock worth $7,688,000 after buying an additional 33,280 shares during the last quarter. 97.84% of the stock is owned by institutional investors and hedge funds.

Insider Activity at UDR

In related news, CEO Thomas W. Toomey sold 25,000 shares of the stock in a transaction that occurred on Thursday, February 20th. The stock was sold at an average price of $42.75, for a total value of $1,068,750.00. Following the completion of the sale, the chief executive officer now owns 824,716 shares of the company’s stock, valued at approximately $35,256,609. This trade represents a 2.94 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 3.73% of the company’s stock.

UDR Price Performance

Shares of UDR stock opened at $43.64 on Friday. The business has a 50 day simple moving average of $42.68 and a two-hundred day simple moving average of $43.79. UDR, Inc. has a 12 month low of $35.14 and a 12 month high of $47.55. The stock has a market capitalization of $14.45 billion, a P/E ratio of 174.58, a PEG ratio of 8.67 and a beta of 0.88. The company has a debt-to-equity ratio of 1.71, a current ratio of 5.61 and a quick ratio of 5.91.

UDR (NYSE:UDR) last announced its earnings results on Wednesday, February 5th. The real estate investment trust reported $0.63 EPS for the quarter, beating analysts’ consensus estimates of $0.10 by $0.53. UDR had a return on equity of 2.65% and a net margin of 5.36%. As a group, analysts predict that UDR, Inc. will post 2.51 EPS for the current fiscal year.

UDR Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 30th. Investors of record on Thursday, April 10th will be issued a $0.43 dividend. This represents a $1.72 annualized dividend and a dividend yield of 3.94%. The ex-dividend date is Thursday, April 10th. This is a boost from UDR’s previous quarterly dividend of $0.43. UDR’s dividend payout ratio (DPR) is currently 688.00%.

Analyst Ratings Changes

A number of analysts have recently commented on the company. Wells Fargo & Company lowered their target price on UDR from $48.00 to $45.00 and set an “overweight” rating on the stock in a research note on Friday, January 24th. Jefferies Financial Group downgraded UDR from a “buy” rating to a “hold” rating and lowered their target price for the stock from $50.00 to $45.00 in a research note on Thursday, January 2nd. StockNews.com upgraded UDR from a “sell” rating to a “hold” rating in a research note on Thursday, February 6th. Zelman & Associates restated a “neutral” rating on shares of UDR in a research note on Thursday, February 13th. Finally, Barclays lowered their target price on UDR from $50.00 to $48.00 and set an “overweight” rating on the stock in a research note on Friday, January 24th. One analyst has rated the stock with a sell rating, eleven have given a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat, UDR 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.