UDR, Inc. (NYSE:UDR) Shares Purchased by Vert Asset Management LLC

Vert Asset Management LLC raised its position in shares of UDR, Inc. (NYSE:UDR) by 7.6% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 129,935 shares of the real estate investment trust’s stock after purchasing an additional 9,132 shares during the period. UDR accounts for approximately 2.0% of Vert Asset Management LLC’s holdings, making the stock its 17th biggest position. Vert Asset Management LLC’s holdings in UDR were worth $4,861,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Principal Securities Inc. acquired a new position in UDR during the 4th quarter valued at about $26,000. Quest Partners LLC acquired a new stake in shares of UDR in the 4th quarter worth approximately $27,000. Parkside Financial Bank & Trust lifted its stake in shares of UDR by 225.7% in the 3rd quarter. Parkside Financial Bank & Trust now owns 1,088 shares of the real estate investment trust’s stock worth $39,000 after acquiring an additional 754 shares during the period. Livforsakringsbolaget Skandia Omsesidigt lifted its stake in shares of UDR by 87.3% in the 4th quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 1,435 shares of the real estate investment trust’s stock worth $55,000 after acquiring an additional 669 shares during the period. Finally, Addison Advisors LLC lifted its stake in shares of UDR by 53.1% in the 4th quarter. Addison Advisors LLC now owns 1,731 shares of the real estate investment trust’s stock worth $66,000 after acquiring an additional 600 shares during the period. 97.84% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at UDR

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

UDR Price Performance

Shares of NYSE:UDR traded up $0.19 during midday trading on Thursday, reaching $40.65. 131,246 shares of the company’s stock were exchanged, compared to its average volume of 2,692,004. The company’s 50 day simple moving average is $38.91 and its two-hundred day simple moving average is $37.62. The firm has a market capitalization of $13.39 billion, a PE ratio of 29.32, a price-to-earnings-growth ratio of 9.00 and a beta of 0.81. UDR, Inc. has a 12 month low of $30.95 and a 12 month high of $44.02. 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 Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 31st. Stockholders of record on Wednesday, July 10th will be issued a dividend of $0.425 per share. This represents a $1.70 dividend on an annualized basis and a dividend yield of 4.18%. The ex-dividend date is Wednesday, July 10th. UDR’s payout ratio is 123.19%.

Analysts Set New Price Targets

A number of analysts have recently weighed in on UDR shares. Wells Fargo & Company upped their price target on shares of UDR from $39.00 to $41.00 and gave the stock an “overweight” rating in a research note on Friday, May 31st. JPMorgan Chase & Co. increased their target price on shares of UDR from $42.00 to $43.00 and gave the company an “overweight” rating in a research note on Monday, June 17th. Scotiabank increased their target price 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 increased their target price on shares of UDR from $35.00 to $38.00 and gave the company a “neutral” rating in a research note on Thursday, May 30th. Finally, Morgan Stanley increased their target price on shares of UDR from $37.00 to $40.00 and gave the company an “equal weight” rating in a research note on Tuesday, May 14th. Eleven analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to MarketBeat, UDR has an average rating of “Hold” and an average target price of $40.71.

UDR Company 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.