Centersquare Investment Management LLC Acquires 2,145,242 Shares of UDR, Inc. (NYSE:UDR)

Centersquare Investment Management LLC boosted its holdings in UDR, Inc. (NYSE:UDRFree Report) by 35.9% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 8,117,175 shares of the real estate investment trust’s stock after acquiring an additional 2,145,242 shares during the quarter. UDR makes up approximately 3.5% of Centersquare Investment Management LLC’s holdings, making the stock its 9th biggest holding. Centersquare Investment Management LLC’s holdings in UDR were worth $310,807,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Principal Securities Inc. bought a new position in UDR in the fourth quarter valued at about $26,000. Quest Partners LLC bought a new position in UDR in the fourth quarter valued at about $27,000. Parkside Financial Bank & Trust raised its position in UDR by 225.7% in the third quarter. Parkside Financial Bank & Trust now owns 1,088 shares of the real estate investment trust’s stock valued at $39,000 after purchasing an additional 754 shares during the last quarter. Livforsakringsbolaget Skandia Omsesidigt raised its position in UDR by 87.3% in the fourth quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 1,435 shares of the real estate investment trust’s stock valued at $55,000 after purchasing an additional 669 shares during the last quarter. Finally, Addison Advisors LLC raised its position in UDR by 53.1% in the fourth quarter. Addison Advisors LLC now owns 1,731 shares of the real estate investment trust’s stock valued at $66,000 after purchasing an additional 600 shares during the last quarter. 97.84% of the stock is currently owned by institutional investors.

UDR Trading Up 1.9 %

Shares of UDR stock opened at $39.60 on Wednesday. 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 52 week low of $30.95 and a 52 week high of $44.02. The stock has a 50 day moving average price of $37.89 and a two-hundred day moving average price of $36.95. The stock has a market capitalization of $13.04 billion, a PE ratio of 28.69, a price-to-earnings-growth ratio of 8.59 and a beta of 0.81.

UDR Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, April 30th. Shareholders of record on Wednesday, April 10th were paid a $0.425 dividend. This represents a $1.70 dividend on an annualized basis and a yield of 4.29%. The ex-dividend date of this dividend was Tuesday, April 9th. This is a boost from UDR’s previous quarterly dividend of $0.42. UDR’s dividend payout ratio (DPR) is 123.19%.

Insider Buying and Selling at UDR

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

Wall Street Analysts Forecast Growth

Several research firms have commented on UDR. Morgan Stanley increased their target price on UDR from $37.00 to $40.00 and gave the company an “equal weight” rating in a research report on Tuesday, May 14th. Mizuho raised their price objective on UDR from $35.00 to $38.00 and gave the stock a “neutral” rating in a research report on Thursday, May 30th. Truist Financial lowered their price objective on UDR from $45.00 to $42.00 and set a “buy” rating for the company in a research report on Tuesday, April 9th. The Goldman Sachs Group assumed coverage on UDR in a research report on Thursday, February 22nd. They set a “neutral” rating and a $39.00 price objective for the company. Finally, UBS Group upgraded UDR from a “neutral” rating to a “buy” rating and raised their price objective for the stock from $38.00 to $44.00 in a research report on Thursday, April 25th. Eleven equities research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat, UDR currently has an average rating of “Hold” and a consensus price target of $40.65.

View Our Latest Stock Analysis on UDR

About UDR

(Free Report)

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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Institutional Ownership by Quarter for UDR (NYSE:UDR)

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