Allspring Global Investments Holdings LLC grew its stake in UDR, Inc. (NYSE:UDR – Get Rating) by 0.8% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 33,657 shares of the real estate investment trust’s stock after purchasing an additional 255 shares during the quarter. Allspring Global Investments Holdings LLC’s holdings in UDR were worth $1,402,000 at the end of the most recent quarter.
Several other institutional investors have also added to or reduced their stakes in UDR. Clear Street Markets LLC raised its holdings in UDR by 412.3% in the 2nd quarter. Clear Street Markets LLC now owns 625 shares of the real estate investment trust’s stock worth $29,000 after purchasing an additional 503 shares in the last quarter. Private Trust Co. NA bought a new position in UDR in the 2nd quarter worth $52,000. Wipfli Financial Advisors LLC bought a new position in UDR in the 3rd quarter worth $73,000. Meeder Asset Management Inc. raised its holdings in UDR by 25.6% in the 2nd quarter. Meeder Asset Management Inc. now owns 1,707 shares of the real estate investment trust’s stock worth $79,000 after purchasing an additional 348 shares in the last quarter. Finally, Allworth Financial LP raised its holdings in UDR by 78.7% in the 3rd quarter. Allworth Financial LP now owns 2,859 shares of the real estate investment trust’s stock worth $119,000 after purchasing an additional 1,259 shares in the last quarter. 92.09% of the stock is currently owned by institutional investors.
UDR Stock Performance
Shares of NYSE UDR opened at $39.98 on Friday. The firm’s 50-day moving average price is $39.61 and its 200-day moving average price is $42.32. The company has a quick ratio of 3.72, a current ratio of 3.72 and a debt-to-equity ratio of 1.44. The company has a market cap of $13.02 billion, a PE ratio of 81.59, a PEG ratio of 2.08 and a beta of 0.73. UDR, Inc. has a 52-week low of $37.18 and a 52-week high of $60.01.
UDR Dividend Announcement
Analyst Upgrades and Downgrades
UDR has been the subject of several research reports. Mizuho decreased their price target on shares of UDR from $46.00 to $41.00 and set a “neutral” rating for the company in a research note on Thursday, November 10th. Piper Sandler decreased their price target on shares of UDR from $48.00 to $44.00 and set a “neutral” rating for the company in a research note on Friday, October 7th. UBS Group initiated coverage on shares of UDR in a research note on Thursday, December 15th. They issued a “neutral” rating and a $43.00 price target for the company. Jefferies Financial Group decreased their price target on shares of UDR from $55.00 to $46.00 and set a “buy” rating for the company in a research note on Wednesday, October 19th. Finally, Capital One Financial reiterated an “overweight” rating on shares of UDR in a research note on Wednesday, November 30th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat, UDR presently has an average rating of “Hold” and an average target price of $46.71.
In related news, CEO Thomas W. Toomey sold 20,000 shares of the firm’s stock in a transaction that occurred on Wednesday, November 23rd. The shares were sold at an average price of $40.44, for a total value of $808,800.00. Following the transaction, the chief executive officer now owns 984,716 shares of the company’s stock, valued at $39,821,915.04. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 3.41% of the company’s stock.
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.
- Get a free copy of the StockNews.com research report on UDR (UDR)
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