Graham Capital Wealth Management LLC Takes Position in UDR, Inc. (NYSE:UDR)

Graham Capital Wealth Management LLC bought a new stake in shares of UDR, Inc. (NYSE:UDR - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 63,241 shares of the real estate investment trust's stock, valued at approximately $2,745,000. UDR accounts for approximately 2.5% of Graham Capital Wealth Management LLC's investment portfolio, making the stock its 16th biggest position.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in UDR. Creative Planning raised its stake in UDR by 16.1% during the 2nd quarter. Creative Planning now owns 15,732 shares of the real estate investment trust's stock valued at $647,000 after purchasing an additional 2,181 shares during the period. Truist Financial Corp raised its stake in UDR by 0.6% during the 2nd quarter. Truist Financial Corp now owns 66,673 shares of the real estate investment trust's stock valued at $2,744,000 after purchasing an additional 414 shares during the period. Sanctuary Advisors LLC bought a new stake in UDR during the 2nd quarter valued at approximately $488,000. Point72 Asia Singapore Pte. Ltd. bought a new stake in UDR during the 2nd quarter valued at approximately $54,000. Finally, Czech National Bank grew its holdings in UDR by 5.9% during the 3rd quarter. Czech National Bank now owns 61,141 shares of the real estate investment trust's stock valued at $2,772,000 after buying an additional 3,409 shares in the last quarter. Institutional investors own 97.84% of the company's stock.

UDR Trading Up 1.8 %

Shares of NYSE UDR traded up $0.77 during midday trading on Thursday, hitting $42.99. The company's stock had a trading volume of 2,539,232 shares, compared to its average volume of 2,031,122. The company has a current ratio of 5.91, a quick ratio of 5.91 and a debt-to-equity ratio of 1.69. The business's 50 day moving average is $42.78 and its two-hundred day moving average is $43.43. UDR, Inc. has a 12-month low of $34.19 and a 12-month high of $47.55. The firm has a market cap of $14.18 billion, a P/E ratio of 116.18, a price-to-earnings-growth ratio of 11.38 and a beta of 0.88.

UDR (NYSE:UDR - Get Free Report) last issued its quarterly earnings results on Wednesday, February 5th. The real estate investment trust reported $0.63 earnings per share for the quarter, topping the consensus estimate of $0.10 by $0.53. UDR had a return on equity of 3.57% and a net margin of 7.68%. As a group, equities research analysts expect that UDR, Inc. will post 2.48 EPS for the current year.

UDR Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, January 31st. Shareholders of record on Thursday, January 9th were given a dividend of $0.425 per share. This represents a $1.70 dividend on an annualized basis and a yield of 3.95%. The ex-dividend date of this dividend was Friday, January 10th. UDR's dividend payout ratio (DPR) is presently 459.47%.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on UDR shares. Mizuho cut their price target on UDR from $47.00 to $45.00 and set a "neutral" rating for the company in a report on Monday, January 6th. Royal Bank of Canada cut their price target on UDR from $46.00 to $45.00 and set a "sector perform" rating for the company in a report on Tuesday, November 5th. StockNews.com upgraded UDR from a "sell" rating to a "hold" rating in a report on Thursday. Scotiabank cut their price target on UDR from $49.00 to $48.00 and set a "sector perform" rating for the company in a report on Thursday, November 14th. Finally, Jefferies Financial Group cut UDR from a "buy" rating to a "hold" rating and cut their price target for the company from $50.00 to $45.00 in a report on Thursday, January 2nd. One investment analyst has rated the stock with a sell rating, nine have given a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat.com, UDR has a consensus rating of "Hold" and a consensus price target of $46.06.

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.