UniSuper Management Pty Ltd Has $4.57 Million Stake in UDR, Inc. (NYSE:UDR)

UniSuper Management Pty Ltd increased its holdings in shares of UDR, Inc. (NYSE:UDR) by 24.7% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 122,044 shares of the real estate investment trust’s stock after acquiring an additional 24,166 shares during the quarter. UniSuper Management Pty Ltd’s holdings in UDR were worth $4,566,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in UDR. Vanguard Group Inc. boosted its position in UDR by 0.5% during the first quarter. Vanguard Group Inc. now owns 51,063,214 shares of the real estate investment trust’s stock worth $1,910,275,000 after purchasing an additional 233,475 shares during the period. Norges Bank bought a new stake in shares of UDR during the 4th quarter worth about $1,065,482,000. Cohen & Steers Inc. grew its stake in UDR by 3.8% in the 4th quarter. Cohen & Steers Inc. now owns 26,775,574 shares of the real estate investment trust’s stock valued at $1,025,351,000 after buying an additional 984,807 shares during the last quarter. Centersquare Investment Management LLC raised its holdings in UDR by 17.7% in the 1st quarter. Centersquare Investment Management LLC now owns 9,550,638 shares of the real estate investment trust’s stock valued at $363,688,000 after acquiring an additional 1,433,463 shares during the period. Finally, Daiwa Securities Group Inc. lifted its position in UDR by 22.3% during the first quarter. Daiwa Securities Group Inc. now owns 7,467,881 shares of the real estate investment trust’s stock worth $279,373,000 after acquiring an additional 1,359,804 shares during the last quarter. Institutional investors own 97.84% of the company’s stock.

Insider Transactions at UDR

In related news, CEO Thomas W. Toomey sold 90,000 shares of the 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 completion of the transaction, the chief executive officer now owns 849,716 shares of the company’s stock, valued at approximately $33,580,776.32. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. In other UDR news, CEO Thomas W. Toomey sold 90,000 shares of the company’s stock in a transaction dated Friday, June 7th. The stock was 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 owns 849,716 shares of the company’s stock, valued at approximately $33,580,776.32. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, SVP Michael D. Lacy sold 4,500 shares of UDR stock in a transaction dated Friday, May 10th. The shares were sold at an average price of $38.17, for a total value of $171,765.00. Following the sale, the senior vice president now directly owns 8,566 shares in the company, valued at $326,964.22. The disclosure for this sale can be found here. Company insiders own 3.73% of the company’s stock.

UDR Price Performance

Shares of UDR traded down $0.02 during midday trading on Tuesday, hitting $42.01. The company’s stock had a trading volume of 2,712,878 shares, compared to its average volume of 2,650,596. The company has a quick ratio of 6.61, a current ratio of 6.61 and a debt-to-equity ratio of 1.49. UDR, Inc. has a one year low of $30.95 and a one year high of $43.67. The stock has a market capitalization of $13.83 billion, a price-to-earnings ratio of 30.44, a price-to-earnings-growth ratio of 9.16 and a beta of 0.83. The company’s fifty day simple moving average is $40.15 and its two-hundred day simple moving average is $38.10.

UDR Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, July 31st. Shareholders of record on Wednesday, July 10th will be paid a dividend of $0.425 per share. This represents a $1.70 annualized dividend and a yield of 4.05%. The ex-dividend date is Wednesday, July 10th. UDR’s payout ratio is 123.19%.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on the company. BMO Capital Markets raised UDR from a “market perform” rating to an “outperform” rating and upped their target price for the company from $39.00 to $45.00 in a research report on Monday, July 15th. Piper Sandler upgraded UDR from an “underweight” rating to a “neutral” rating and increased their price objective for the stock from $34.00 to $40.00 in a research report on Wednesday, April 10th. UBS Group boosted their target price on shares of UDR from $44.00 to $48.00 and gave the company a “buy” rating in a research report on Thursday, July 18th. Wedbush raised their price target on shares of UDR from $40.00 to $45.00 and gave the stock an “outperform” rating in a research report on Monday, May 6th. Finally, Morgan Stanley boosted their price objective on shares of UDR from $37.00 to $40.00 and gave the company an “equal weight” rating in a report on Tuesday, May 14th. Eleven investment analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $41.17.

UDR 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.