Commonwealth Equity Services LLC Buys 1,316 Shares of UDR, Inc. (NYSE:UDR)

Commonwealth Equity Services LLC grew its stake in shares of UDR, Inc. (NYSE:UDR) by 2.5% during the first quarter, HoldingsChannel reports. The firm 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 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. Principal Securities Inc. bought a new stake in shares of UDR during the 4th quarter valued at about $26,000. Quest Partners LLC bought a new stake in UDR during the fourth quarter worth about $27,000. Livforsakringsbolaget Skandia Omsesidigt boosted its stake in UDR by 87.3% during the fourth 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 in the last quarter. Addison Advisors LLC boosted its stake in UDR by 53.1% during the fourth 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 in the last quarter. Finally, Allworth Financial LP boosted its stake in UDR by 20.1% during the fourth 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 in the last quarter. Institutional investors own 97.84% of the company’s stock.

Insiders Place Their Bets

In other UDR news, 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 $33,580,776.32. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. In related news, SVP Michael D. Lacy sold 4,500 shares of the company’s stock in a transaction on Friday, May 10th. The shares were 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 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 through this hyperlink. Also, 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 transaction of $3,556,800.00. Following the transaction, the chief executive officer now owns 849,716 shares of the company’s stock, valued at approximately $33,580,776.32. The disclosure for this sale can be found here. Company insiders own 3.73% of the company’s stock.

UDR Stock Performance

UDR stock traded down $0.11 during midday trading on Friday, reaching $40.49. 1,339,688 shares of the company’s stock traded hands, compared to its average volume of 2,674,899. The stock has a market cap of $13.33 billion, a P/E ratio of 29.42, a PEG ratio of 8.95 and a beta of 0.83. UDR, Inc. has a 52-week low of $30.95 and a 52-week high of $44.02. The stock’s 50-day moving average is $39.47 and its 200 day moving average is $37.80. The company has a current ratio of 6.61, a quick ratio of 6.61 and a debt-to-equity ratio of 1.49.

UDR Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, July 31st. Shareholders of record on Wednesday, July 10th will be given a $0.425 dividend. The ex-dividend date is Wednesday, July 10th. This represents a $1.70 dividend on an annualized basis and a dividend yield of 4.20%. UDR’s payout ratio is currently 123.19%.

Wall Street Analysts Forecast Growth

UDR has been the topic of several research reports. JPMorgan Chase & Co. boosted their price objective on shares of UDR from $42.00 to $43.00 and gave the stock an “overweight” rating in a research note on Monday, June 17th. Wells Fargo & Company lifted their target price on shares of UDR from $39.00 to $41.00 and gave the stock an “overweight” rating in a report on Friday, May 31st. Morgan Stanley lifted their target price on shares of UDR from $37.00 to $40.00 and gave the stock an “equal weight” rating in a report on Tuesday, May 14th. Mizuho lifted their target price on shares of UDR from $35.00 to $38.00 and gave the stock a “neutral” rating in a report on Thursday, May 30th. Finally, Piper Sandler raised shares of UDR from an “underweight” rating to a “neutral” rating and boosted their price objective for the company from $34.00 to $40.00 in a report 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 MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $40.71.

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.