UDR, Inc. (NYSE:UDR) Shares Purchased by Vert Asset Management LLC

Vert Asset Management LLC boosted its holdings in shares of UDR, Inc. (NYSE:UDR) by 7.6% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 129,935 shares of the real estate investment trust’s stock after purchasing an additional 9,132 shares during the quarter. UDR makes up 2.0% of Vert Asset Management LLC’s holdings, making the stock its 17th largest position. Vert Asset Management LLC’s holdings in UDR were worth $4,861,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of the business. Norges Bank purchased a new position in UDR during the fourth quarter worth approximately $1,065,482,000. Cohen & Steers Inc. lifted its position in shares of UDR by 3.8% in the fourth quarter. Cohen & Steers Inc. now owns 26,775,574 shares of the real estate investment trust’s stock valued at $1,025,351,000 after acquiring an additional 984,807 shares in the last quarter. Centersquare Investment Management LLC lifted its position in shares of UDR by 35.9% in the fourth quarter. Centersquare Investment Management LLC now owns 8,117,175 shares of the real estate investment trust’s stock valued at $310,807,000 after acquiring an additional 2,145,242 shares in the last quarter. Daiwa Securities Group Inc. lifted its position in shares of UDR by 7.1% in the fourth quarter. Daiwa Securities Group Inc. now owns 6,108,077 shares of the real estate investment trust’s stock valued at $233,878,000 after acquiring an additional 403,377 shares in the last quarter. Finally, Deutsche Bank AG lifted its position in shares of UDR by 35.9% in the third quarter. Deutsche Bank AG now owns 5,066,503 shares of the real estate investment trust’s stock valued at $180,722,000 after acquiring an additional 1,339,276 shares in the last quarter. Hedge funds and other institutional investors own 97.84% of the company’s stock.

UDR Stock Up 0.5 %

NYSE UDR traded up $0.19 during trading on Thursday, reaching $40.65. 131,246 shares of the company’s stock were exchanged, compared to its average volume of 2,692,004. The stock has a market cap of $13.39 billion, a P/E ratio of 29.32, a price-to-earnings-growth ratio of 9.00 and a beta of 0.81. The company has a debt-to-equity ratio of 1.49, a quick ratio of 6.61 and a current ratio of 6.61. The company has a 50 day moving average price of $38.91 and a two-hundred day moving average price of $37.62. UDR, Inc. has a 1 year low of $30.95 and a 1 year high of $44.02.

UDR Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, July 31st. Stockholders of record on Wednesday, July 10th will be issued a $0.425 dividend. This represents a $1.70 annualized dividend and a dividend yield of 4.18%. The ex-dividend date is Wednesday, July 10th. UDR’s payout ratio is currently 123.19%.

Insider Activity

In other news, CEO Thomas W. Toomey sold 90,000 shares of the business’s stock in a transaction dated Friday, June 7th. The stock was sold at an average price of $39.52, for a total value of $3,556,800.00. Following the completion of the sale, the chief executive officer now directly owns 849,716 shares of the company’s stock, valued at approximately $33,580,776.32. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, CEO Thomas W. Toomey sold 90,000 shares of the business’s stock in a transaction dated Friday, June 7th. The stock was sold at an average price of $39.52, for a total value of $3,556,800.00. Following the transaction, the chief executive officer now owns 849,716 shares in the company, valued at approximately $33,580,776.32. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Michael D. Lacy sold 4,500 shares of the business’s stock in a transaction dated Friday, May 10th. The shares were sold at an average price of $38.17, for a total value of $171,765.00. Following the completion of the transaction, the senior vice president now owns 8,566 shares in the company, valued at approximately $326,964.22. The disclosure for this sale can be found here. Company insiders own 3.73% of the company’s stock.

Wall Street Analyst Weigh In

UDR has been the topic of several research reports. Wells Fargo & Company raised their target price on UDR from $39.00 to $41.00 and gave the company an “overweight” rating in a research report on Friday, May 31st. Piper Sandler upgraded UDR from an “underweight” rating to a “neutral” rating and lifted their price objective for the stock from $34.00 to $40.00 in a research report on Wednesday, April 10th. Mizuho lifted their price objective on UDR from $35.00 to $38.00 and gave the stock a “neutral” rating in a research report on Thursday, May 30th. Truist Financial lifted their price objective on UDR from $42.00 to $44.00 and gave the stock a “buy” rating in a research report on Monday. Finally, UBS Group upgraded UDR from a “neutral” rating to a “buy” rating and lifted their price objective for the stock from $38.00 to $44.00 in a research report on Thursday, April 25th. Eleven analysts have rated the stock with a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat.com, UDR presently has a consensus rating of “Hold” and a consensus target price of $40.71.

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.