DNB Asset Management AS Buys 5,494 Shares of UDR, Inc. (NYSE:UDR)

DNB Asset Management AS lifted its stake in shares of UDR, Inc. (NYSE:UDR) by 12.5% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 49,347 shares of the real estate investment trust’s stock after acquiring an additional 5,494 shares during the quarter. DNB Asset Management AS’s holdings in UDR were worth $2,031,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. Principal Securities Inc. acquired a new stake in UDR during the fourth quarter worth about $26,000. Fidelis Capital Partners LLC purchased a new position in shares of UDR in the first quarter valued at approximately $26,000. Quest Partners LLC acquired a new position in UDR during the 4th quarter worth $27,000. Livforsakringsbolaget Skandia Omsesidigt raised its stake in UDR by 87.3% in the fourth quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 1,435 shares of the real estate investment trust’s stock valued at $55,000 after buying an additional 669 shares in the last quarter. Finally, Addison Advisors LLC increased its position in shares of 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 purchasing an additional 600 shares in the last quarter. 97.84% of the stock is owned by institutional investors.

Insiders Place Their Bets

In related news, SVP Michael D. Lacy sold 4,500 shares of the stock in a transaction that occurred on Friday, May 10th. The shares were sold at an average price of $38.17, for a total value of $171,765.00. Following the completion of the transaction, the senior vice president now directly owns 8,566 shares of the company’s stock, valued at approximately $326,964.22. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, CEO Thomas W. Toomey sold 90,000 shares of UDR 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 in the company, valued at approximately $33,580,776.32. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, 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 completion of the sale, the senior vice president now owns 8,566 shares in the company, valued at $326,964.22. The disclosure for this sale can be found here. 3.73% of the stock is owned by company insiders.

UDR Trading Up 3.2 %

Shares of UDR traded up $1.26 during trading hours on Tuesday, reaching $41.22. 2,103,198 shares of the company traded hands, compared to its average volume of 2,689,798. UDR, Inc. has a 12 month low of $30.95 and a 12 month high of $42.42. The company has a market capitalization of $13.57 billion, a price-to-earnings ratio of 29.66, a price-to-earnings-growth ratio of 8.96 and a beta of 0.83. The company’s fifty day moving average price is $40.41 and its two-hundred day moving average price is $38.26. The company has a quick ratio of 6.61, a current ratio of 5.82 and a debt-to-equity ratio of 1.57.

UDR (NYSE:UDR) last announced its quarterly earnings results on Tuesday, July 30th. The real estate investment trust reported $0.08 EPS for the quarter, missing analysts’ consensus estimates of $0.61 by ($0.53). The company had revenue of $415.30 million during the quarter, compared to the consensus estimate of $413.75 million. UDR had a return on equity of 3.70% and a net margin of 8.34%. The business’s revenue was up 2.7% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.61 earnings per share. Equities research analysts predict that UDR, Inc. will post 2.45 earnings per share for the current fiscal year.

UDR Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, July 31st. Stockholders of record on Wednesday, July 10th were issued a $0.425 dividend. This represents a $1.70 dividend on an annualized basis and a dividend yield of 4.12%. The ex-dividend date of this dividend was Wednesday, July 10th. UDR’s payout ratio is presently 123.19%.

Analyst Ratings Changes

Several equities analysts recently issued reports on UDR shares. Scotiabank upped their price objective on shares of UDR from $39.00 to $42.00 and gave the company a “sector perform” rating in a research note on Tuesday, May 14th. Mizuho boosted their price objective on UDR from $35.00 to $38.00 and gave the company a “neutral” rating in a report on Thursday, May 30th. Royal Bank of Canada cut their price target on UDR from $41.00 to $40.00 and set a “sector perform” rating on the stock in a report on Thursday, August 1st. Truist Financial increased their price target on UDR from $42.00 to $44.00 and gave the stock a “buy” rating in a research note on Monday, June 24th. Finally, BMO Capital Markets raised shares of UDR from a “market perform” rating to an “outperform” rating and upped their price target for the company from $39.00 to $45.00 in a report on Monday, July 15th. Eleven equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat.com, UDR currently has an average rating of “Hold” and a consensus target price of $41.56.

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.