Napa Wealth Management Purchases 1,225 Shares of UDR, Inc. (NYSE:UDR)

Napa Wealth Management lifted its holdings in UDR, Inc. (NYSE:UDR) by 22.2% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 6,731 shares of the real estate investment trust’s stock after purchasing an additional 1,225 shares during the period. Napa Wealth Management’s holdings in UDR were worth $305,000 as of its most recent filing with the SEC.

Several other large investors have also made changes to their positions in the business. Family Firm Inc. bought a new position in UDR in the 2nd quarter worth approximately $26,000. UMB Bank n.a. acquired a new stake in shares of UDR in the second quarter worth $33,000. Rothschild Investment LLC bought a new position in UDR during the second quarter worth $35,000. Quest Partners LLC acquired a new position in UDR during the 2nd quarter valued at $37,000. Finally, International Assets Investment Management LLC acquired a new stake in UDR in the 2nd quarter worth $40,000. Institutional investors and hedge funds own 97.84% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on the stock. Royal Bank of Canada reduced their target price on shares of UDR from $46.00 to $45.00 and set a “sector perform” rating for the company in a research note on Tuesday, November 5th. Wedbush raised their price objective on UDR from $45.00 to $49.00 and gave the stock an “outperform” rating in a research report on Monday, August 5th. StockNews.com cut UDR from a “hold” rating to a “sell” rating in a research report on Wednesday, November 6th. Piper Sandler raised their target price on UDR from $40.00 to $46.00 and gave the stock a “neutral” rating in a research report on Monday, August 26th. Finally, BNP Paribas began coverage on shares of UDR in a report on Wednesday, September 11th. They issued an “outperform” rating and a $49.00 price target on the stock. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $45.18.

UDR Stock Performance

NYSE UDR opened at $44.31 on Monday. UDR, Inc. has a 1-year low of $32.37 and a 1-year high of $47.55. The company has a 50 day moving average of $44.63 and a 200-day moving average of $42.13. 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 firm has a market cap of $14.62 billion, a price-to-earnings ratio of 119.76, a PEG ratio of 12.30 and a beta of 0.85.

UDR Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, October 31st. Shareholders of record on Thursday, October 10th were paid a $0.425 dividend. This represents a $1.70 dividend on an annualized basis and a yield of 3.84%. The ex-dividend date of this dividend was Thursday, October 10th. UDR’s dividend payout ratio is currently 459.47%.

UDR 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.