PNC Financial Services Group Inc. Has $811,000 Stock Holdings in UDR, Inc. (NYSE:UDR)

PNC Financial Services Group Inc. lowered its position in shares of UDR, Inc. (NYSE:UDR) by 17.9% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 21,170 shares of the real estate investment trust’s stock after selling 4,603 shares during the quarter. PNC Financial Services Group Inc.’s holdings in UDR were worth $811,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of the company. Cerity Partners LLC boosted its position in UDR by 0.3% during the 4th quarter. Cerity Partners LLC now owns 102,605 shares of the real estate investment trust’s stock worth $3,929,000 after acquiring an additional 313 shares during the last quarter. Allworth Financial LP boosted its position in UDR by 20.1% during the 4th quarter. Allworth Financial LP now owns 1,943 shares of the real estate investment trust’s stock worth $74,000 after acquiring an additional 325 shares during the last quarter. Treasurer of the State of North Carolina boosted its position in UDR by 0.4% during the 3rd quarter. Treasurer of the State of North Carolina now owns 148,286 shares of the real estate investment trust’s stock worth $5,289,000 after acquiring an additional 550 shares during the last quarter. Addison Advisors LLC boosted its position in UDR by 53.1% during the 4th quarter. Addison Advisors LLC now owns 1,731 shares of the real estate investment trust’s stock worth $66,000 after acquiring an additional 600 shares during the last quarter. Finally, Livforsakringsbolaget Skandia Omsesidigt boosted its position in UDR by 87.3% during the 4th quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 1,435 shares of the real estate investment trust’s stock worth $55,000 after acquiring an additional 669 shares during the last quarter. Institutional investors and hedge funds own 97.84% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on the company. Scotiabank upped their price target on UDR from $39.00 to $42.00 and gave the stock a “sector perform” rating in a research report on Tuesday, May 14th. Wells Fargo & Company upped their price objective on UDR from $39.00 to $41.00 and gave the stock an “overweight” rating in a research note on Friday, May 31st. JPMorgan Chase & Co. upped their price objective on UDR from $42.00 to $43.00 and gave the stock an “overweight” rating in a research note on Monday, June 17th. UBS Group upgraded UDR from a “neutral” rating to a “buy” rating and upped their price objective for the stock from $38.00 to $44.00 in a research note on Thursday, April 25th. Finally, Piper Sandler upgraded UDR from an “underweight” rating to a “neutral” rating and upped their price objective for the stock from $34.00 to $40.00 in a research note on Wednesday, April 10th. Eleven investment analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $40.71.

Insider Buying and Selling at UDR

In other UDR news, CEO Thomas W. Toomey sold 90,000 shares of the company’s stock in a transaction on 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 directly owns 849,716 shares of the company’s stock, valued at approximately $33,580,776.32. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. In other news, SVP Michael D. Lacy sold 4,500 shares of the stock in a transaction 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 sale, 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 is accessible through the SEC website. Also, CEO Thomas W. Toomey sold 90,000 shares of the stock in a transaction on 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 sale, 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. Insiders own 3.73% of the company’s stock.

UDR Stock Performance

Shares of NYSE UDR opened at $41.16 on Tuesday. 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 stock’s fifty day moving average price is $38.80 and its two-hundred day moving average price is $37.58. UDR, Inc. has a one year low of $30.95 and a one year high of $44.02. The firm has a market cap of $13.55 billion, a price-to-earnings ratio of 29.83, a P/E/G ratio of 8.97 and a beta of 0.81.

UDR Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 31st. Shareholders of record on Wednesday, July 10th will be issued a $0.425 dividend. This represents a $1.70 dividend on an annualized basis and a yield of 4.13%. The ex-dividend date is Wednesday, July 10th. UDR’s dividend payout ratio is 123.19%.

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.