Venturi Wealth Management LLC Has $992,000 Stake in UDR, Inc. (NYSE:UDR)

Venturi Wealth Management LLC raised its stake in UDR, Inc. (NYSE:UDR) by 17.7% in the fourth quarter, Holdings Channel reports. The firm owned 22,845 shares of the real estate investment trust’s stock after acquiring an additional 3,429 shares during the quarter. Venturi Wealth Management LLC’s holdings in UDR were worth $992,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in UDR. FMR LLC lifted its stake in shares of UDR by 14.8% during the 3rd quarter. FMR LLC now owns 11,401,026 shares of the real estate investment trust’s stock worth $516,923,000 after buying an additional 1,471,855 shares during the last quarter. JPMorgan Chase & Co. lifted its position in UDR by 5.0% during the third quarter. JPMorgan Chase & Co. now owns 7,774,541 shares of the real estate investment trust’s stock worth $352,498,000 after purchasing an additional 368,087 shares during the period. Daiwa Securities Group Inc. boosted its position in shares of UDR by 2.3% during the 3rd quarter. Daiwa Securities Group Inc. now owns 7,109,980 shares of the real estate investment trust’s stock worth $322,366,000 after acquiring an additional 159,625 shares in the last quarter. Charles Schwab Investment Management Inc. increased its stake in shares of UDR by 2.8% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 4,272,032 shares of the real estate investment trust’s stock valued at $193,694,000 after purchasing an additional 117,213 shares during the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in UDR by 862.3% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 3,086,964 shares of the real estate investment trust’s stock worth $139,963,000 after acquiring an additional 2,766,172 shares in the last quarter. 97.84% of the stock is currently owned by institutional investors and hedge funds.

UDR Price Performance

Shares of NYSE:UDR opened at $43.04 on Wednesday. The company has a market capitalization of $14.20 billion, a P/E ratio of 172.16, a P/E/G ratio of 8.66 and a beta of 0.88. UDR, Inc. has a 1-year low of $34.76 and a 1-year high of $47.55. The firm’s 50 day simple moving average is $42.41 and its two-hundred day simple moving average is $43.55. The company has a debt-to-equity ratio of 1.71, a current ratio of 1.32 and a quick ratio of 5.91.

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

UDR Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, January 31st. Investors of record on Thursday, January 9th were given a $0.425 dividend. The ex-dividend date was Friday, January 10th. This represents a $1.70 dividend on an annualized basis and a yield of 3.95%. UDR’s dividend payout ratio is presently 680.00%.

Wall Street Analyst Weigh In

UDR has been the topic of a number of recent research reports. Jefferies Financial Group lowered 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 research note on Thursday, January 2nd. Royal Bank of Canada boosted their price target on UDR from $43.00 to $44.00 and gave the company a “sector perform” rating in a research note on Friday, February 7th. Wells Fargo & Company decreased their target price on UDR from $48.00 to $45.00 and set an “overweight” rating for the company in a research report on Friday, January 24th. Mizuho dropped 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. Finally, Barclays decreased their price target on UDR from $50.00 to $48.00 and set an “overweight” rating for the company in a report on Friday, January 24th. One research analyst has rated the stock with a sell rating, ten have issued a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $46.18.

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.