Public Employees Retirement System of Ohio Has $20.86 Million Stake in UDR, Inc. (NYSE:UDR)

Public Employees Retirement System of Ohio reduced its stake in shares of UDR, Inc. (NYSE:UDR) by 2.5% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 557,685 shares of the real estate investment trust’s stock after selling 14,321 shares during the quarter. Public Employees Retirement System of Ohio owned about 0.17% of UDR worth $20,863,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently modified their holdings of UDR. Vanguard Group Inc. increased its position in shares of UDR by 0.5% in the 1st quarter. Vanguard Group Inc. now owns 51,063,214 shares of the real estate investment trust’s stock valued at $1,910,275,000 after buying an additional 233,475 shares in the last quarter. Presima Securities ULC acquired a new stake in shares of UDR during the fourth quarter worth about $18,256,000. BNP PARIBAS ASSET MANAGEMENT Holding S.A. raised its position in shares of UDR by 370.6% during the first quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 222,940 shares of the real estate investment trust’s stock worth $8,340,000 after purchasing an additional 175,566 shares during the period. Hsbc Holdings PLC lifted its holdings in shares of UDR by 6.2% during the 4th quarter. Hsbc Holdings PLC now owns 761,659 shares of the real estate investment trust’s stock valued at $29,205,000 after purchasing an additional 44,677 shares in the last quarter. Finally, International Assets Investment Management LLC increased its stake in UDR by 3,730.9% during the 4th quarter. International Assets Investment Management LLC now owns 37,351 shares of the real estate investment trust’s stock worth $1,430,000 after purchasing an additional 36,376 shares in the last quarter. 97.84% of the stock is owned by institutional investors.

Insider Buying and Selling

In other UDR news, SVP Michael D. Lacy sold 4,500 shares of the 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 transaction, the senior vice president now directly owns 8,566 shares of the company’s stock, valued at approximately $326,964.22. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other news, SVP Michael D. Lacy sold 4,500 shares of the business’s stock in a transaction that occurred on Friday, May 10th. The stock was 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 in the company, valued at $326,964.22. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, 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 transaction, the chief executive officer now directly owns 849,716 shares in the company, valued at approximately $33,580,776.32. The disclosure for this sale can be found here. 3.73% of the stock is currently owned by insiders.

UDR Stock Down 0.3 %

UDR opened at $41.16 on Tuesday. 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’s fifty day simple moving average is $40.29 and its 200 day simple moving average is $38.18. UDR, Inc. has a 1-year low of $30.95 and a 1-year high of $42.42. The stock has a market cap of $13.55 billion, a PE ratio of 29.83, a price-to-earnings-growth ratio of 9.10 and a beta of 0.83.

UDR Dividend Announcement

The business also recently announced 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. This represents a $1.70 dividend on an annualized basis and a dividend yield of 4.13%. The ex-dividend date of this dividend is Wednesday, July 10th. UDR’s dividend payout ratio is presently 123.19%.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on UDR shares. 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 report on Tuesday, May 14th. Morgan Stanley boosted their price target on UDR from $37.00 to $40.00 and gave the company an “equal weight” rating in a report on Tuesday, May 14th. Piper Sandler raised UDR from an “underweight” rating to a “neutral” rating and lifted their target price for the company from $34.00 to $40.00 in a research report on Wednesday, April 10th. Truist Financial upped their price target on UDR from $42.00 to $44.00 and gave the stock a “buy” rating in a research report on Monday, June 24th. Finally, BMO Capital Markets upgraded shares of UDR from a “market perform” rating to an “outperform” rating and lifted their price objective for the company from $39.00 to $45.00 in a report on Monday, July 15th. Eleven research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $41.17.

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.