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

Kiker Wealth Management LLC acquired a new stake in UDR, Inc. (NYSE:UDR - Free Report) in the 4th quarter, according to the company in its most recent 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 and other institutional investors have also made changes to their positions in UDR. Exchange Traded Concepts LLC boosted its position in shares of UDR by 8.8% in the 4th quarter. Exchange Traded Concepts LLC now owns 3,330 shares of the real estate investment trust's stock valued at $145,000 after purchasing an additional 269 shares during the period. Empowered Funds LLC boosted its holdings in shares of UDR by 7.1% in the third quarter. Empowered Funds LLC now owns 5,246 shares of the real estate investment trust's stock valued at $238,000 after acquiring an additional 350 shares during the period. Smartleaf Asset Management LLC grew its position in shares of UDR by 68.7% during the fourth quarter. Smartleaf Asset Management LLC now owns 1,206 shares of the real estate investment trust's stock worth $52,000 after acquiring an additional 491 shares during the last quarter. IRON Financial LLC increased its holdings in shares of UDR by 3.0% in the 4th quarter. IRON Financial LLC now owns 17,674 shares of the real estate investment trust's stock valued at $767,000 after acquiring an additional 511 shares during the period. Finally, Salem Investment Counselors Inc. raised its position in UDR by 62.7% in 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 purchasing an additional 520 shares during the last quarter. Institutional investors and hedge funds own 97.84% of the company's stock.

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Insider Buying and Selling at UDR

In other news, CEO Thomas W. Toomey sold 25,000 shares of the stock in a transaction that occurred on Thursday, February 20th. The shares were sold at an average price of $42.75, for a total value of $1,068,750.00. Following the sale, the chief executive officer now directly owns 824,716 shares in the company, valued at $35,256,609. This 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 is available through the SEC website. 3.73% of the stock is currently owned by insiders.

UDR Price Performance

Shares of NYSE UDR traded up $0.99 during midday trading on Monday, hitting $44.35. The company had a trading volume of 2,081,836 shares, compared to its average volume of 2,031,551. The firm has a market capitalization of $14.68 billion, a price-to-earnings ratio of 177.38, a price-to-earnings-growth ratio of 8.67 and a beta of 0.88. UDR, Inc. has a twelve month low of $35.14 and a twelve month high of $47.55. The business has a 50-day simple moving average of $42.82 and a two-hundred day simple moving average of $43.77. The company has a quick ratio of 5.91, a current ratio of 5.61 and a debt-to-equity ratio of 1.71.

UDR (NYSE:UDR - Get Free Report) last released its quarterly earnings data on Wednesday, February 5th. The real estate investment trust reported $0.63 earnings per share for the quarter, beating the consensus estimate of $0.10 by $0.53. UDR had a return on equity of 2.65% and a net margin of 5.36%. Equities research analysts anticipate that UDR, Inc. will post 2.51 earnings per share for the current year.

UDR Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 30th. Investors of record on Thursday, April 10th will be given a $0.43 dividend. The ex-dividend date of this dividend is Thursday, April 10th. This is a positive change from UDR's previous quarterly dividend of $0.43. This represents a $1.72 annualized dividend and a dividend yield of 3.88%. UDR's payout ratio is currently 688.00%.

Wall Street Analyst Weigh In

A number of research firms have commented on UDR. Barclays dropped their price objective on shares of UDR from $50.00 to $48.00 and set an "overweight" rating on the stock in a research note on Friday, January 24th. Evercore ISI upped their price objective on UDR from $43.00 to $45.00 and gave the company an "in-line" rating in a research note on Monday, February 10th. Zelman & Associates reaffirmed a "neutral" rating on shares of UDR in a research report on Thursday, February 13th. Royal Bank of Canada lifted their target price on UDR from $43.00 to $44.00 and gave the company a "sector perform" rating in a research note on Friday, February 7th. Finally, Truist Financial cut UDR from a "buy" rating to a "hold" rating and upped their price target for the stock from $45.00 to $46.00 in a research note on Monday, March 10th. One investment analyst has rated the stock with a sell rating, eleven have given a hold rating and seven have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the company has an average rating of "Hold" and a consensus price target 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.