UDR, Inc. (NYSE:UDR) Shares Sold by Atlantic Union Bankshares Corp

Atlantic Union Bankshares Corp lowered its stake in shares of UDR, Inc. (NYSE:UDR) by 4.5% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 28,514 shares of the real estate investment trust’s stock after selling 1,359 shares during the quarter. Atlantic Union Bankshares Corp’s holdings in UDR were worth $1,067,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also modified their holdings of UDR. Norges Bank purchased a new stake in UDR during the 4th quarter worth about $1,065,482,000. Centersquare Investment Management LLC increased its stake in shares of UDR by 35.9% during the fourth quarter. Centersquare Investment Management LLC now owns 8,117,175 shares of the real estate investment trust’s stock worth $310,807,000 after buying an additional 2,145,242 shares during the period. Balyasny Asset Management L.P. acquired a new stake in UDR in the fourth quarter valued at approximately $79,897,000. Heitman Real Estate Securities LLC acquired a new stake in UDR in the fourth quarter valued at approximately $60,952,000. Finally, Deutsche Bank AG lifted its stake in UDR by 35.9% in the third quarter. Deutsche Bank AG now owns 5,066,503 shares of the real estate investment trust’s stock worth $180,722,000 after acquiring an additional 1,339,276 shares during the last quarter. 97.84% of the stock is currently owned by institutional investors and hedge funds.

UDR Stock Up 0.9 %

Shares of NYSE:UDR opened at $41.15 on Friday. 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 has a market cap of $13.55 billion, a P/E ratio of 29.82, a P/E/G ratio of 8.99 and a beta of 0.81. UDR, Inc. has a 1-year low of $30.95 and a 1-year high of $44.02. The firm has a fifty day moving average price of $39.21 and a 200 day moving average price of $37.70.

UDR Dividend Announcement

The firm 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. The ex-dividend date is Wednesday, July 10th. This represents a $1.70 annualized dividend and a dividend yield of 4.13%. UDR’s dividend payout ratio (DPR) is 123.19%.

Insider Buying and Selling

In other UDR news, CEO Thomas W. Toomey sold 90,000 shares of the 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 sale, the chief executive officer now directly owns 849,716 shares of the company’s stock, valued at approximately $33,580,776.32. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, 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 dated Friday, May 10th. The shares were sold at an average price of $38.17, for a total transaction of $171,765.00. Following 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 document filed with the SEC, which is available at this hyperlink. Also, CEO Thomas W. Toomey sold 90,000 shares of the stock in a transaction dated 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 transaction, the chief executive officer now directly owns 849,716 shares of the company’s stock, valued at $33,580,776.32. The disclosure for this sale can be found here. Corporate insiders own 3.73% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on UDR. Mizuho raised their price objective on shares of UDR from $35.00 to $38.00 and gave the company a “neutral” rating in a report on Thursday, May 30th. Morgan Stanley lifted their price target on UDR from $37.00 to $40.00 and gave the stock an “equal weight” rating in a report on Tuesday, May 14th. Truist Financial increased their price objective on UDR from $42.00 to $44.00 and gave the company a “buy” rating in a report on Monday, June 24th. UBS Group upgraded UDR from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $38.00 to $44.00 in a research note on Thursday, April 25th. Finally, Piper Sandler upgraded shares of UDR from an “underweight” rating to a “neutral” rating and increased their price target for the company from $34.00 to $40.00 in a research note on Wednesday, April 10th. Eleven analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, UDR has an average rating of “Hold” and a consensus price target of $40.71.

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.