Vanguard Personalized Indexing Management LLC Purchases 1,767 Shares of UDR, Inc. (NYSE:UDR)

Vanguard Personalized Indexing Management LLC boosted its position in UDR, Inc. (NYSE:UDR) by 12.3% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 16,084 shares of the real estate investment trust’s stock after purchasing an additional 1,767 shares during the period. Vanguard Personalized Indexing Management LLC’s holdings in UDR were worth $616,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the company. Mitsubishi UFJ Asset Management Co. Ltd. grew its position in UDR by 6.1% in the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 486,168 shares of the real estate investment trust’s stock worth $18,309,000 after purchasing an additional 28,090 shares in the last quarter. Pacific Sun Financial Corp boosted its stake in UDR by 29.7% in the fourth quarter. Pacific Sun Financial Corp now owns 7,557 shares of the real estate investment trust’s stock valued at $289,000 after acquiring an additional 1,731 shares during the last quarter. Checchi Capital Advisers LLC purchased a new position in UDR in the fourth quarter valued at about $214,000. Ieq Capital LLC boosted its stake in UDR by 31.1% in the fourth quarter. Ieq Capital LLC now owns 58,714 shares of the real estate investment trust’s stock valued at $2,248,000 after acquiring an additional 13,913 shares during the last quarter. Finally, Envestnet Portfolio Solutions Inc. purchased a new position in UDR in the fourth quarter valued at about $239,000. 97.84% of the stock is owned by institutional investors.

UDR Price Performance

Shares of NYSE:UDR opened at $38.81 on Friday. The company’s fifty day moving average price is $37.63 and its 200-day moving average price is $36.56. The firm has a market capitalization of $12.78 billion, a price-to-earnings ratio of 28.12, a PEG ratio of 8.76 and a beta of 0.79. UDR, Inc. has a one year low of $30.95 and a one year high of $44.02. 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 issued a $0.425 dividend. This is a positive change from UDR’s previous quarterly dividend of $0.42. The ex-dividend date of this dividend was Tuesday, April 9th. This represents a $1.70 dividend on an annualized basis and a dividend yield of 4.38%. UDR’s dividend payout ratio is presently 123.19%.

Insider Transactions at UDR

In other news, SVP Michael D. Lacy sold 4,500 shares of the stock in a transaction on Friday, May 10th. The shares were sold at an average price of $38.17, for a total value of $171,765.00. Following the transaction, the senior vice president now owns 8,566 shares of the company’s stock, valued at approximately $326,964.22. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Insiders own 3.73% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have weighed in on the stock. UBS Group upgraded shares of UDR from a “neutral” rating to a “buy” rating and boosted their target price for the company from $38.00 to $44.00 in a research note on Thursday, April 25th. Scotiabank boosted 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. Wells Fargo & Company upgraded shares of UDR from an “equal weight” rating to an “overweight” rating and upped their price target for the company from $34.00 to $39.00 in a research note on Monday, March 4th. Barclays cut shares of UDR from an “overweight” rating to an “equal weight” rating and dropped their price target for the company from $46.00 to $37.00 in a research note on Tuesday, February 20th. Finally, Wedbush upped their price target on shares of UDR from $40.00 to $45.00 and gave the company an “outperform” rating in a research note on Monday, May 6th. Eleven analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $40.35.

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.