UDR, Inc. (NYSE:UDR) Shares Sold by Healthcare of Ontario Pension Plan Trust Fund

Healthcare of Ontario Pension Plan Trust Fund decreased its holdings in shares of UDR, Inc. (NYSE:UDR) by 81.7% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The firm owned 104,500 shares of the real estate investment trust’s stock after selling 466,362 shares during the period. Healthcare of Ontario Pension Plan Trust Fund’s holdings in UDR were worth $3,909,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Vanguard Group Inc. boosted its holdings in shares of UDR by 0.5% in the first quarter. Vanguard Group Inc. now owns 51,063,214 shares of the real estate investment trust’s stock valued at $1,910,275,000 after acquiring an additional 233,475 shares in the last quarter. Norges Bank purchased a new stake in UDR during the fourth quarter worth about $1,065,482,000. Cohen & Steers Inc. grew its position in UDR by 3.8% during the fourth quarter. Cohen & Steers Inc. now owns 26,775,574 shares of the real estate investment trust’s stock worth $1,025,351,000 after buying an additional 984,807 shares during the period. Centersquare Investment Management LLC increased its holdings in UDR by 17.7% in the first 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 buying an additional 1,433,463 shares in the last quarter. Finally, Daiwa Securities Group Inc. lifted its position in shares of UDR by 22.3% during the 1st quarter. Daiwa Securities Group Inc. now owns 7,467,881 shares of the real estate investment trust’s stock valued at $279,373,000 after acquiring an additional 1,359,804 shares during the period. Hedge funds and other institutional investors own 97.84% of the company’s stock.

UDR Stock Performance

Shares of UDR stock opened at $40.67 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 1 year low of $30.95 and a 1 year high of $42.75. The firm’s 50-day simple moving average is $40.22 and its 200-day simple moving average is $38.14. The firm has a market cap of $13.39 billion, a PE ratio of 29.47, a price-to-earnings-growth ratio of 9.15 and a beta of 0.83.

UDR Announces Dividend

The company also recently disclosed 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 4.18%. The ex-dividend date is Wednesday, July 10th. UDR’s payout ratio is currently 123.19%.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on UDR. Mizuho raised their price objective on UDR from $35.00 to $38.00 and gave the company a “neutral” rating in a research note on Thursday, May 30th. Wedbush lifted their price target on UDR from $40.00 to $45.00 and gave the stock an “outperform” rating in a research note on Monday, May 6th. Piper Sandler upgraded shares of UDR from an “underweight” rating to a “neutral” rating and raised their target price for the company from $34.00 to $40.00 in a report on Wednesday, April 10th. BMO Capital Markets raised shares of UDR from a “market perform” rating to an “outperform” rating and upped their price target for the company from $39.00 to $45.00 in a report on Monday, July 15th. Finally, JPMorgan Chase & Co. raised their price objective on shares of UDR from $42.00 to $43.00 and gave the stock an “overweight” rating in a research note on Monday, June 17th. Eleven analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat.com, UDR has a consensus rating of “Hold” and a consensus target price of $41.17.

Insiders Place Their Bets

In other UDR news, CEO Thomas W. Toomey sold 90,000 shares of UDR stock in a transaction 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 $33,580,776.32. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. In related news, CEO Thomas W. Toomey sold 90,000 shares of the stock in a transaction dated Friday, June 7th. The shares were sold at an average price of $39.52, for a total transaction of $3,556,800.00. Following the sale, the chief executive officer now owns 849,716 shares in the company, valued at $33,580,776.32. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, SVP Michael D. Lacy sold 4,500 shares of UDR stock in a transaction that occurred 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 completion of the transaction, the senior vice president now owns 8,566 shares of the company’s stock, valued at $326,964.22. The disclosure for this sale can be found here. 3.73% of the stock is currently owned by company insiders.

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.