UDR, Inc. (NYSE:UDR) Position Trimmed by Vanguard Group Inc.

Vanguard Group Inc. lessened its holdings in shares of UDR, Inc. (NYSE:UDR) by 1.1% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 50,829,739 shares of the real estate investment trust’s stock after selling 549,550 shares during the quarter. Vanguard Group Inc. owned approximately 15.44% of UDR worth $1,946,271,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of UDR. Rafferty Asset Management LLC grew its stake in UDR by 2.8% during the 3rd quarter. Rafferty Asset Management LLC now owns 33,863 shares of the real estate investment trust’s stock valued at $1,208,000 after acquiring an additional 930 shares in the last quarter. Korea Investment CORP grew its stake in UDR by 2.3% during the 3rd quarter. Korea Investment CORP now owns 105,070 shares of the real estate investment trust’s stock valued at $3,748,000 after acquiring an additional 2,399 shares in the last quarter. Envestnet Asset Management Inc. grew its stake in UDR by 12.6% during the 3rd quarter. Envestnet Asset Management Inc. now owns 132,409 shares of the real estate investment trust’s stock valued at $4,723,000 after acquiring an additional 14,785 shares in the last quarter. FMR LLC grew its stake in UDR by 3.4% during the 3rd quarter. FMR LLC now owns 12,081,005 shares of the real estate investment trust’s stock valued at $430,929,000 after acquiring an additional 394,581 shares in the last quarter. Finally, V Square Quantitative Management LLC purchased a new position in UDR during the 3rd quarter valued at about $179,000. Hedge funds and other institutional investors own 97.84% of the company’s stock.

Analysts Set New Price Targets

UDR has been the subject of several research reports. Wells Fargo & Company lifted their price target on UDR from $39.00 to $41.00 and gave the company an “overweight” rating in a report on Friday, May 31st. Morgan Stanley lifted 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. Scotiabank lifted their price target on UDR from $39.00 to $42.00 and gave the company a “sector perform” rating in a report on Tuesday, May 14th. Barclays lowered UDR from an “overweight” rating to an “equal weight” rating and reduced their price target for the company from $46.00 to $37.00 in a report on Tuesday, February 20th. Finally, Wedbush lifted their price target on UDR from $40.00 to $45.00 and gave the company an “outperform” rating in a report on Monday, May 6th. Eleven research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $40.59.

UDR Stock Up 0.7 %

Shares of UDR stock opened at $40.63 on Wednesday. UDR, Inc. has a 12 month low of $30.95 and a 12 month high of $44.02. The firm has a market cap of $13.38 billion, a PE ratio of 29.44, a price-to-earnings-growth ratio of 8.92 and a beta of 0.81. The stock has a 50 day moving average of $38.47 and a 200-day moving average of $37.41. The company has a quick ratio of 6.61, a current ratio of 6.61 and a debt-to-equity ratio of 1.49.

UDR Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, July 31st. Stockholders of record on Wednesday, July 10th will be issued 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 4.18%. UDR’s dividend payout ratio (DPR) is presently 123.19%.

Insider Transactions at UDR

In other news, SVP Michael D. Lacy sold 4,500 shares of the company’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 transaction, the senior vice president now directly owns 8,566 shares in the company, valued at $326,964.22. The sale was disclosed in a filing with the SEC, which can be accessed through this link. In other news, CEO Thomas W. Toomey sold 90,000 shares of the company’s stock in a transaction that occurred on Friday, June 7th. The stock was 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 sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, SVP Michael D. Lacy sold 4,500 shares of the company’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 value of $171,765.00. Following the transaction, the senior vice president now owns 8,566 shares of the company’s stock, valued at $326,964.22. The disclosure for this sale can be found here. Corporate insiders own 3.73% of the company’s stock.

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.