Sumitomo Mitsui Trust Holdings Inc. Has $87.65 Million Stock Holdings in UDR, Inc. (NYSE:UDR)

Sumitomo Mitsui Trust Holdings Inc. raised its stake in UDR, Inc. (NYSE:UDRFree Report) by 28.0% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,342,825 shares of the real estate investment trust’s stock after buying an additional 512,388 shares during the period. Sumitomo Mitsui Trust Holdings Inc. owned 0.71% of UDR worth $87,645,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Principal Securities Inc. bought a new position in shares of UDR in the 4th quarter valued at $26,000. Quest Partners LLC bought a new position in UDR in the fourth quarter valued at about $27,000. Livforsakringsbolaget Skandia Omsesidigt boosted its stake in shares of UDR by 87.3% during the fourth quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 1,435 shares of the real estate investment trust’s stock valued at $55,000 after purchasing an additional 669 shares in the last quarter. Addison Advisors LLC grew its holdings 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 during the last quarter. Finally, Allworth Financial LP increased its stake in shares of UDR by 20.1% in the fourth quarter. Allworth Financial LP now owns 1,943 shares of the real estate investment trust’s stock valued at $74,000 after buying an additional 325 shares during the period. Institutional investors own 97.84% of the company’s stock.

Insider Buying and Selling

In other UDR 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 transaction, the senior vice president now owns 8,566 shares in the company, valued at $326,964.22. The transaction was disclosed in a filing with the SEC, which is accessible through this link. In other news, SVP Michael D. Lacy sold 4,500 shares of the stock in a transaction that occurred on Friday, May 10th. The stock was sold at an average price of $38.17, for a total value of $171,765.00. Following the completion of the sale, the senior vice president now directly owns 8,566 shares of the company’s stock, valued at $326,964.22. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Thomas W. Toomey sold 90,000 shares of UDR 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 transaction, the chief executive officer now directly owns 849,716 shares in the company, valued at approximately $33,580,776.32. The disclosure for this sale can be found here. 3.73% of the stock is owned by company insiders.

UDR Stock Down 1.0 %

UDR stock opened at $40.60 on Friday. The company has a debt-to-equity ratio of 1.49, a quick ratio of 6.61 and a current ratio of 6.61. UDR, Inc. has a fifty-two week low of $30.95 and a fifty-two week high of $44.02. The stock’s 50 day simple moving average is $39.47 and its 200 day simple moving average is $37.80. The company has a market cap of $13.37 billion, a P/E ratio of 29.42, a price-to-earnings-growth ratio of 8.95 and a beta of 0.83.

UDR Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, July 31st. Investors of record on Wednesday, July 10th will be issued a $0.425 dividend. This represents a $1.70 dividend on an annualized basis and a dividend yield of 4.19%. The ex-dividend date of this dividend is Wednesday, July 10th. UDR’s dividend payout ratio is currently 123.19%.

Analysts Set New Price Targets

UDR has been the topic of several recent research reports. Piper Sandler upgraded shares of UDR from an “underweight” rating to a “neutral” rating and lifted their target price for the stock from $34.00 to $40.00 in a research report on Wednesday, April 10th. Wedbush boosted their price objective on shares of UDR from $40.00 to $45.00 and gave the stock an “outperform” rating in a research note on Monday, May 6th. Scotiabank raised their target price on UDR from $39.00 to $42.00 and gave the stock a “sector perform” rating in a research report on Tuesday, May 14th. JPMorgan Chase & Co. upped their price target on UDR from $42.00 to $43.00 and gave the company an “overweight” rating in a research report on Monday, June 17th. Finally, Mizuho increased their price target on UDR from $35.00 to $38.00 and gave the company a “neutral” rating in a research note on Thursday, May 30th. Eleven investment analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $40.71.

Get Our Latest Stock Report on UDR

About UDR

(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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