Cbre Clarion Securities LLC grew its holdings in UDR, Inc. (NYSE:UDR) by 30.9% in the 1st quarter, HoldingsChannel reports. The firm owned 1,534,894 shares of the real estate investment trust’s stock after buying an additional 361,984 shares during the quarter. UDR comprises approximately 1.3% of Cbre Clarion Securities LLC’s holdings, making the stock its 20th largest holding. Cbre Clarion Securities LLC’s holdings in UDR were worth $67,320,000 as of its most recent filing with the SEC.
Several other large investors have also bought and sold shares of UDR. Marshall Wace LLP bought a new position in shares of UDR during the 1st quarter worth approximately $157,000. Amundi Pioneer Asset Management Inc. grew its position in UDR by 36.3% during the 1st quarter. Amundi Pioneer Asset Management Inc. now owns 383,735 shares of the real estate investment trust’s stock worth $17,445,000 after purchasing an additional 102,266 shares during the last quarter. Treasurer of the State of North Carolina grew its position in UDR by 0.3% during the 4th quarter. Treasurer of the State of North Carolina now owns 112,274 shares of the real estate investment trust’s stock worth $4,315,000 after purchasing an additional 380 shares during the last quarter. Fort Washington Investment Advisors Inc. OH grew its position in UDR by 7.3% during the 4th quarter. Fort Washington Investment Advisors Inc. OH now owns 29,500 shares of the real estate investment trust’s stock worth $1,134,000 after purchasing an additional 2,000 shares during the last quarter. Finally, State of New Jersey Common Pension Fund D grew its position in UDR by 33.5% during the 4th quarter. State of New Jersey Common Pension Fund D now owns 314,147 shares of the real estate investment trust’s stock worth $12,072,000 after purchasing an additional 78,817 shares during the last quarter. Institutional investors and hedge funds own 98.18% of the company’s stock.
Shares of UDR traded down $0.11 during mid-day trading on Friday, reaching $50.08. The stock had a trading volume of 28,852 shares, compared to its average volume of 1,846,108. The company has a debt-to-equity ratio of 1.70, a quick ratio of 5.07 and a current ratio of 5.07. UDR, Inc. has a 52-week low of $29.34 and a 52-week high of $50.60. The company has a fifty day moving average of $46.34. The stock has a market capitalization of $14.87 billion, a price-to-earnings ratio of 249.91, a price-to-earnings-growth ratio of 5.82 and a beta of 0.75.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, April 30th. Stockholders of record on Friday, April 9th were paid a $0.3625 dividend. This is a positive change from UDR’s previous quarterly dividend of $0.36. The ex-dividend date of this dividend was Thursday, April 8th. This represents a $1.45 annualized dividend and a dividend yield of 2.90%. UDR’s dividend payout ratio (DPR) is presently 71.08%.
In related news, CEO Thomas W. Toomey sold 10,000 shares of the firm’s stock in a transaction that occurred on Wednesday, April 7th. The shares were sold at an average price of $44.40, for a total value of $444,000.00. Following the sale, the chief executive officer now owns 1,193,726 shares of the company’s stock, valued at $53,001,434.40. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CEO Thomas W. Toomey sold 40,000 shares of the firm’s stock in a transaction that occurred on Tuesday, March 16th. The shares were sold at an average price of $45.53, for a total transaction of $1,821,200.00. Company insiders own 3.68% of the company’s stock.
Several research firms have weighed in on UDR. Morgan Stanley boosted their target price on shares of UDR from $54.00 to $56.00 and gave the stock an “overweight” rating in a research report on Friday. They noted that the move was a valuation call. Zacks Investment Research raised shares of UDR from a “sell” rating to a “hold” rating and set a $46.00 price objective on the stock in a report on Tuesday, March 23rd. Piper Sandler raised shares of UDR from an “underweight” rating to a “neutral” rating and upped their price objective for the company from $35.00 to $44.00 in a report on Thursday, February 11th. KeyCorp boosted their target price on shares of UDR from $44.00 to $46.00 and gave the company an “overweight” rating in a research note on Thursday, February 25th. Finally, Royal Bank of Canada started coverage on shares of UDR in a research note on Tuesday, March 30th. They issued a “sector perform” rating and a $45.00 target price for the company. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and six have given a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus target price of $44.18.
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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