State of Alaska Department of Revenue Buys 551 Shares of UDR, Inc. (NYSE:UDR)

State of Alaska Department of Revenue boosted its position in shares of UDR, Inc. (NYSE:UDR) by 0.3% during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 189,355 shares of the real estate investment trust’s stock after acquiring an additional 551 shares during the period. State of Alaska Department of Revenue owned approximately 0.06% of UDR worth $7,083,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in UDR. Cerity Partners LLC lifted its holdings in shares of UDR by 0.3% during the 4th quarter. Cerity Partners LLC now owns 102,605 shares of the real estate investment trust’s stock valued at $3,929,000 after purchasing an additional 313 shares in the last quarter. Allworth Financial LP lifted its stake in UDR by 20.1% in the fourth quarter. Allworth Financial LP now owns 1,943 shares of the real estate investment trust’s stock valued at $74,000 after buying an additional 325 shares in the last quarter. Hummer Financial Advisory Services Inc boosted its holdings in shares of UDR by 2.9% in the first quarter. Hummer Financial Advisory Services Inc now owns 12,057 shares of the real estate investment trust’s stock valued at $451,000 after buying an additional 335 shares during the period. Integrity Wealth Solutions LLC increased its position in shares of UDR by 8.2% during the first quarter. Integrity Wealth Solutions LLC now owns 6,409 shares of the real estate investment trust’s stock worth $240,000 after acquiring an additional 484 shares in the last quarter. Finally, Addison Advisors LLC raised its holdings in shares of UDR by 53.1% during the fourth quarter. Addison Advisors LLC now owns 1,731 shares of the real estate investment trust’s stock worth $66,000 after acquiring an additional 600 shares during the period. Institutional investors and hedge funds own 97.84% of the company’s stock.

UDR Stock Performance

UDR traded down $0.37 during trading hours on Wednesday, reaching $40.62. The company’s stock had a trading volume of 918,846 shares, compared to its average volume of 2,685,413. The company’s 50-day moving average is $39.42 and its 200-day moving average is $37.78. UDR, Inc. has a 52 week low of $30.95 and a 52 week high of $44.02. The firm has a market cap of $13.38 billion, a PE ratio of 29.43, a price-to-earnings-growth ratio of 9.07 and a beta of 0.83. 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 Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 31st. Stockholders of record on Wednesday, July 10th will be given a $0.425 dividend. This represents a $1.70 annualized dividend and a dividend yield of 4.19%. The ex-dividend date is Wednesday, July 10th. UDR’s payout ratio is presently 123.19%.

Insider Transactions at UDR

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

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on UDR shares. Wedbush upped their target price on shares of UDR from $40.00 to $45.00 and gave the stock an “outperform” rating in a research note on Monday, May 6th. Mizuho increased their price objective on UDR from $35.00 to $38.00 and gave the stock a “neutral” rating in a report on Thursday, May 30th. JPMorgan Chase & Co. boosted their target price on UDR from $42.00 to $43.00 and gave the company an “overweight” rating in a research note on Monday, June 17th. Scotiabank raised their price target on shares of UDR from $39.00 to $42.00 and gave the stock a “sector perform” rating in a research note on Tuesday, May 14th. Finally, Morgan Stanley lifted 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 six have assigned a buy rating to the company. According to MarketBeat, UDR has an average rating of “Hold” and an average price target of $40.71.

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.