Integrity Wealth Solutions LLC Has $240,000 Stake in UDR, Inc. (NYSE:UDR)

Integrity Wealth Solutions LLC boosted its holdings in shares of UDR, Inc. (NYSE:UDR) by 8.2% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,409 shares of the real estate investment trust’s stock after buying an additional 484 shares during the period. Integrity Wealth Solutions LLC’s holdings in UDR were worth $240,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of UDR. Norges Bank acquired a new stake in UDR during the 4th quarter valued at $1,065,482,000. Centersquare Investment Management LLC raised its holdings in shares of UDR by 35.9% in the fourth quarter. Centersquare Investment Management LLC now owns 8,117,175 shares of the real estate investment trust’s stock valued at $310,807,000 after buying an additional 2,145,242 shares during the last quarter. Balyasny Asset Management L.P. acquired a new stake in shares of UDR in the fourth quarter valued at approximately $79,897,000. Heitman Real Estate Securities LLC bought a new stake in shares of UDR during the fourth quarter worth $60,952,000. Finally, Deutsche Bank AG raised its stake in shares of UDR by 35.9% during the third quarter. Deutsche Bank AG now owns 5,066,503 shares of the real estate investment trust’s stock worth $180,722,000 after buying an additional 1,339,276 shares during the last quarter. Institutional investors own 97.84% of the company’s stock.

Analyst Ratings Changes

Several research analysts have recently issued reports on the company. UBS Group upgraded UDR from a “neutral” rating to a “buy” rating and raised their price target for the stock from $38.00 to $44.00 in a research report on Thursday, April 25th. 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. Piper Sandler upgraded shares of UDR from an “underweight” rating to a “neutral” rating and increased their target price for the stock from $34.00 to $40.00 in a report on Wednesday, April 10th. JPMorgan Chase & Co. upped their price objective on shares of UDR from $42.00 to $43.00 and gave the company an “overweight” rating in a research report on Monday, June 17th. Finally, Wells Fargo & Company lifted their target price on UDR from $39.00 to $41.00 and gave the stock an “overweight” rating in a report on Friday, May 31st. Eleven investment analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to data from MarketBeat, UDR currently has a consensus rating of “Hold” and an average price target of $40.71.

UDR Price Performance

Shares of UDR opened at $40.99 on Wednesday. The business’s fifty day moving average is $39.36 and its 200 day moving average is $37.76. UDR, Inc. has a 12-month low of $30.95 and a 12-month high of $44.02. The company has a quick ratio of 6.61, a current ratio of 6.61 and a debt-to-equity ratio of 1.49. The stock has a market cap of $13.50 billion, a P/E ratio of 29.70, a P/E/G ratio of 9.07 and a beta of 0.83.

UDR Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, July 31st. Investors of record on Wednesday, July 10th will be issued a $0.425 dividend. The ex-dividend date is Wednesday, July 10th. This represents a $1.70 dividend on an annualized basis and a dividend yield of 4.15%. UDR’s dividend payout ratio is presently 123.19%.

Insider Buying and Selling at UDR

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 transaction of $3,556,800.00. Following the transaction, the chief executive officer now directly owns 849,716 shares of the company’s stock, valued at approximately $33,580,776.32. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In other UDR news, CEO Thomas W. Toomey sold 90,000 shares of UDR stock in a transaction that occurred on 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 transaction, the chief executive officer now owns 849,716 shares of the company’s stock, valued at approximately $33,580,776.32. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, SVP Michael D. Lacy sold 4,500 shares of the company’s 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 directly owns 8,566 shares of the company’s stock, valued at $326,964.22. The disclosure for this sale can be found here. Company insiders own 3.73% of the company’s stock.

About UDR

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.