Oak Thistle LLC Acquires Shares of 8,047 UDR, Inc. (NYSE:UDR)

Oak Thistle LLC acquired a new stake in UDR, Inc. (NYSE:UDR) in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 8,047 shares of the real estate investment trust’s stock, valued at approximately $301,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Vert Asset Management LLC boosted its position in UDR by 7.6% in the 1st quarter. Vert Asset Management LLC now owns 129,935 shares of the real estate investment trust’s stock valued at $4,861,000 after buying an additional 9,132 shares during the last quarter. Hummer Financial Advisory Services Inc raised its stake in shares of UDR by 2.9% in the 1st quarter. Hummer Financial Advisory Services Inc now owns 12,057 shares of the real estate investment trust’s stock valued at $451,000 after purchasing an additional 335 shares in the last quarter. Aurora Investment Managers LLC. raised its stake in shares of UDR by 25.6% in the 1st quarter. Aurora Investment Managers LLC. now owns 74,638 shares of the real estate investment trust’s stock valued at $2,792,000 after purchasing an additional 15,226 shares in the last quarter. Pensionfund Sabic raised its stake in shares of UDR by 24.7% in the 1st quarter. Pensionfund Sabic now owns 35,388 shares of the real estate investment trust’s stock valued at $1,324,000 after purchasing an additional 7,000 shares in the last quarter. Finally, Pensionfund DSM Netherlands raised its stake in shares of UDR by 10.7% in the 1st quarter. Pensionfund DSM Netherlands now owns 72,605 shares of the real estate investment trust’s stock valued at $2,716,000 after purchasing an additional 7,000 shares in the last quarter. 97.84% of the stock is owned by hedge funds and other institutional investors.

UDR Price Performance

Shares of UDR stock traded down $0.11 on Monday, hitting $41.04. The company had a trading volume of 1,616,479 shares, compared to its average volume of 2,698,710. The business has a 50-day simple moving average of $39.29 and a 200-day simple moving average of $37.74. The company has a debt-to-equity ratio of 1.49, a current ratio of 6.61 and a quick ratio of 6.61. The company has a market cap of $13.51 billion, a PE ratio of 29.74, a PEG ratio of 9.07 and a beta of 0.83. UDR, Inc. has a 52 week low of $30.95 and a 52 week high of $44.02.

UDR Dividend Announcement

The business also recently disclosed 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 4.14%. The ex-dividend date is Wednesday, July 10th. UDR’s dividend payout ratio (DPR) is presently 123.19%.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on UDR shares. Mizuho upped their target price on shares of UDR from $35.00 to $38.00 and gave the company a “neutral” rating in a research note on Thursday, May 30th. Scotiabank increased their price objective on shares of UDR from $39.00 to $42.00 and gave the stock a “sector perform” rating in a research note on Tuesday, May 14th. UBS Group upgraded shares of UDR from a “neutral” rating to a “buy” rating and increased their price objective for the stock from $38.00 to $44.00 in a research note on Thursday, April 25th. Wells Fargo & Company increased their price objective on shares of UDR from $39.00 to $41.00 and gave the stock an “overweight” rating in a research note on Friday, May 31st. Finally, JPMorgan Chase & Co. increased their price objective on shares of UDR from $42.00 to $43.00 and gave the stock an “overweight” rating in a research note on Monday, June 17th. Eleven equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $40.71.

Insider Activity

In related news, SVP Michael D. Lacy sold 4,500 shares of the firm’s stock in a transaction that occurred on Friday, May 10th. The shares were sold at an average price of $38.17, for a total transaction of $171,765.00. Following the completion of the sale, the senior vice president now directly owns 8,566 shares in the company, valued at $326,964.22. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In related news, CEO Thomas W. Toomey sold 90,000 shares of the company’s stock in a transaction that occurred on Friday, June 7th. The shares were 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 owns 849,716 shares in the company, valued at approximately $33,580,776.32. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, SVP Michael D. Lacy sold 4,500 shares of the company’s stock in a transaction that occurred on Friday, May 10th. The shares were sold at an average price of $38.17, for a total transaction of $171,765.00. Following the completion of the sale, the senior vice president now owns 8,566 shares of the company’s stock, valued at approximately $326,964.22. The disclosure for this sale can be found here. Insiders own 3.73% of the company’s stock.

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.