Lockheed Martin Investment Management Co. reduced its holding of UDR, Inc. (NYSE:UDR – Get Rating) by 13.9% in the third quarter, according to its latest Form 13F filed with the SEC. Institutional investors owned 19,190 shares of real estate investment trust shares after selling 3,100 shares during the quarter. His UDR holdings at Lockheed Martin Investment Management were valued at $800,000 as of the latest filing with the SEC.
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Other big investors have also recently bought and sold shares in the company. Vanguard Group Inc. increased his UDR stock position by 4.9% in the first quarter. Vanguard Group Inc. now owns 50,627,965 shares of the real estate investment trust worth $2,904,527,000 after he purchased an additional 2,353,851 shares last quarter. State Street Corp increased his UDR stock position by 11.3% in the first quarter. State Street Corp now owns 20,573,811 shares of the real estate investment trust worth $1,180,320,000 after purchasing an additional 2,084,674 shares last quarter. FMR LLC increased his UDR stock position by 8.3% in the second quarter. FMR LLC now owns 10,616,907 real estate investment trust shares worth $488,802,000 after purchasing an additional 816,291 shares in the previous quarter. JPMorgan Chase & Co. increased its UDR stock position by 31.6% in the second quarter. JPMorgan Chase & Co. now owns 8,059,929 real estate investment trust shares valued at $371.08 million after purchasing an additional 1,933,584 shares in the previous quarter. Finally, Legal & General Group Plc increased its stake in UDR by 9.4% in the second quarter. Legal & General Group Plc now owns 4,046,709 real estate investment trust shares valued at $186.31 million after acquiring an additional 347,149 shares during the previous quarter. Hedge funds and other institutional investors own 92.09% of the company’s shares.
UDR stock performance
NYSE:UDR shares opened Friday at $39.61. The company has a market capitalization of $12.89 billion, a P/E ratio of 80.84, a PEG ratio of 2.08 and a beta of 0.73. The company has a debt to equity ratio of 1.44, a quick ratio of 3.72 and a current ratio of 3.72. UDR, Inc. has a one-year low of $37.18 and a one-year high of $60.01. His 50-day simple moving average for this business is $39.61 and his 200-day simple moving average is $42.37.
UDR Announces Dividend
The business recently announced a quarterly dividend payable on Tuesday, January 31st. Dividends of $0.38 per share will be issued to investors of record on Monday, January 9. The ex-dividend date for this dividend is Friday, January 6. That represents an annualized dividend of $1.52 and his 3.84% dividend yield. The payout percentage of UDR is currently 310.20%.
Insider activity at UDR
In other UDR news, CEO Thomas W. Toomey sold 20,000 UDR shares in a transaction on Wednesday, November 23rd. The shares were sold at an average price of $40.44 and the total transaction value he was $808,800.00. After the sale, the CEO now directly owns 984,716 shares of the company, valued at approximately $39,821,915.04. The deal is disclosed in documents filed with the Securities and Exchange Commission and available on the SEC’s website. A company insider owns his 3.41% of the company’s shares.
Wall Street analyst opinion
A number of analysts have recently commented on the UDR stock. Evercore ISI lowered its UDR price target to his $45.00 in a research note on Thursday, October 13th. Royal Bank of Canada lowered its price target on UDR from $46.00 to $43.00 and set a ‘sector perform’ rating in its research notes on Friday, October 28th. Morgan Stanley upgraded UDR from an “equal weight” rating to an “overweight” rating and lowered the company’s price target from $49.00 to $47.00, in a research note on Friday, Dec. 2. The UBS Group began covering his UDR in an investigative note on Thursday, Dec. 15. They set a “neutral” rating and a price target of $43.00. Finally, Truist Financial lowered its UDR price target from $52.00 to $45.00 and gave the stock a ‘Hold’ rating in its research notes on Wednesday, November 30th. One of his investment analysts gave the stock a sell rating, seven gave a hold rating, and eight gave a buy rating. Based on MarketBeat data, UDR currently has a consensus valuation of ‘hold’ and a consensus target price of $46.71.
UDR company profile
UDR, Inc (NYSE: UDR), an S&P 500 company, has delivered superior and reliable returns by successfully managing, buying, selling, developing and redeveloping targeted and attractive real estate communities. A leading multi-family real estate investment trust with a proven performance history.we
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