Treasurer of the State of North Carolina Buys 1,430 Shares of UDR, Inc. (NYSE:UDR)

Treasurer of the State of North Carolina increased its stake in UDR, Inc. (NYSE:UDRFree Report) by 1.0% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 149,716 shares of the real estate investment trust’s stock after acquiring an additional 1,430 shares during the period. Treasurer of the State of North Carolina’s holdings in UDR were worth $5,733,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in UDR. Barclays PLC boosted its stake in UDR by 30.3% in the third quarter. Barclays PLC now owns 673,298 shares of the real estate investment trust’s stock worth $24,015,000 after buying an additional 156,682 shares in the last quarter. Charles Schwab Investment Management Inc. raised its position in UDR by 1.0% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 4,046,249 shares of the real estate investment trust’s stock worth $144,330,000 after purchasing an additional 41,465 shares during the period. Van ECK Associates Corp lifted its stake in UDR by 0.9% in the third quarter. Van ECK Associates Corp now owns 112,509 shares of the real estate investment trust’s stock worth $4,013,000 after purchasing an additional 1,024 shares during the last quarter. Pathstone Family Office LLC lifted its stake in UDR by 22.1% in the third quarter. Pathstone Family Office LLC now owns 18,775 shares of the real estate investment trust’s stock worth $670,000 after purchasing an additional 3,396 shares during the last quarter. Finally, State Board of Administration of Florida Retirement System grew its stake in shares of UDR by 18.0% during the third quarter. State Board of Administration of Florida Retirement System now owns 427,726 shares of the real estate investment trust’s stock valued at $15,257,000 after buying an additional 65,252 shares during the last quarter. Institutional investors own 97.84% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on UDR shares. Truist Financial lowered their target price on UDR from $45.00 to $42.00 and set a “buy” rating for the company in a research note on Tuesday, April 9th. Morgan Stanley raised 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. The Goldman Sachs Group initiated coverage on shares of UDR in a research report on Thursday, February 22nd. They set a “neutral” rating and a $39.00 price target for the company. UBS Group upgraded shares of UDR from a “neutral” rating to a “buy” rating and increased their target price for the stock from $38.00 to $44.00 in a report on Thursday, April 25th. Finally, Wells Fargo & Company boosted their price target on UDR from $39.00 to $41.00 and gave the company an “overweight” rating in a report on Friday. Eleven investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $40.65.

Get Our Latest Research Report on UDR

UDR Trading Up 2.0 %

Shares of NYSE:UDR opened at $38.62 on Monday. UDR, Inc. has a 1 year low of $30.95 and a 1 year high of $44.02. The stock’s fifty day moving average price is $37.78 and its 200-day moving average price is $36.86. The company has a market cap of $12.72 billion, a P/E ratio of 27.99, a PEG ratio of 8.54 and a beta of 0.81. The company has a debt-to-equity ratio of 1.49, a current ratio of 6.61 and a quick ratio of 6.61.

UDR Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, April 30th. Stockholders of record on Wednesday, April 10th were paid a $0.425 dividend. The ex-dividend date was Tuesday, April 9th. This is a positive change from UDR’s previous quarterly dividend of $0.42. This represents a $1.70 dividend on an annualized basis and a dividend yield of 4.40%. UDR’s payout ratio is currently 123.19%.

Insider Activity at UDR

In other UDR news, SVP Michael D. Lacy sold 4,500 shares of the business’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 sale, the senior vice president now directly owns 8,566 shares in the company, valued at approximately $326,964.22. The sale was disclosed in a document filed with the SEC, which is available through this link. 3.73% of the stock is owned by insiders.

UDR Profile

(Free Report)

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.

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Institutional Ownership by Quarter for UDR (NYSE:UDR)

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