Commonwealth Equity Services LLC Has $1.98 Million Stock Position in UDR, Inc. (NYSE:UDR)

Commonwealth Equity Services LLC raised its stake in shares of UDR, Inc. (NYSE:UDR) by 2.5% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 52,961 shares of the real estate investment trust’s stock after purchasing an additional 1,316 shares during the quarter. Commonwealth Equity Services LLC’s holdings in UDR were worth $1,981,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently added to or reduced their stakes in the company. Norges Bank acquired a new position in shares of UDR in the 4th quarter worth approximately $1,065,482,000. Cohen & Steers Inc. raised its position in UDR by 3.8% in the 4th quarter. Cohen & Steers Inc. now owns 26,775,574 shares of the real estate investment trust’s stock worth $1,025,351,000 after purchasing an additional 984,807 shares during the last quarter. Centersquare Investment Management LLC raised its position in UDR by 35.9% in the 4th quarter. Centersquare Investment Management LLC now owns 8,117,175 shares of the real estate investment trust’s stock worth $310,807,000 after purchasing an additional 2,145,242 shares during the last quarter. Daiwa Securities Group Inc. raised its position in UDR by 7.1% in the 4th quarter. Daiwa Securities Group Inc. now owns 6,108,077 shares of the real estate investment trust’s stock worth $233,878,000 after purchasing an additional 403,377 shares during the last quarter. Finally, Deutsche Bank AG raised its position in UDR by 35.9% in the 3rd quarter. Deutsche Bank AG now owns 5,066,503 shares of the real estate investment trust’s stock worth $180,722,000 after purchasing an additional 1,339,276 shares during the last quarter. 97.84% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research firms recently weighed in on UDR. Wedbush boosted their price objective on shares of UDR from $40.00 to $45.00 and gave the stock an “outperform” rating in a research report on Monday, May 6th. Wells Fargo & Company boosted their price objective on shares of UDR from $39.00 to $41.00 and gave the stock an “overweight” rating in a research report on Friday, May 31st. JPMorgan Chase & Co. upped their target price on shares of UDR from $42.00 to $43.00 and gave the company an “overweight” rating in a research report on Monday, June 17th. 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 report on Thursday, May 30th. Finally, Truist Financial upped their target price on shares of UDR from $42.00 to $44.00 and gave the company a “buy” rating in a research report on Monday, June 24th. Eleven equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $40.71.

Insider Activity at UDR

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

UDR Stock Down 0.3 %

Shares of UDR stock traded down $0.11 during trading hours on Friday, reaching $40.49. 1,339,688 shares of the company’s stock were exchanged, compared to its average volume of 2,674,899. The company has a 50 day moving average of $39.47 and a two-hundred day moving average of $37.80. UDR, Inc. has a fifty-two week low of $30.95 and a fifty-two week high of $44.02. The company has a current ratio of 6.61, a quick ratio of 6.61 and a debt-to-equity ratio of 1.49. The stock has a market cap of $13.33 billion, a P/E ratio of 29.42, a P/E/G ratio of 8.95 and a beta of 0.83.

UDR Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 31st. Stockholders of record on Wednesday, July 10th will be paid a dividend of $0.425 per share. The ex-dividend date of this dividend is Wednesday, July 10th. This represents a $1.70 dividend on an annualized basis and a dividend yield of 4.20%. UDR’s dividend payout ratio is 123.19%.

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.