Howland Capital Management LLC Has $466,000 Stock Holdings in UDR, Inc. (NYSE:UDR)

Howland Capital Management LLC trimmed its holdings in UDR, Inc. (NYSE:UDR) by 7.0% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 12,455 shares of the real estate investment trust’s stock after selling 938 shares during the quarter. Howland Capital Management LLC’s holdings in UDR were worth $466,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently made changes to their positions in UDR. Easterly Investment Partners LLC acquired a new position in UDR during the 1st quarter worth approximately $20,577,000. BI Asset Management Fondsmaeglerselskab A S increased its holdings in UDR by 20.6% during the 1st quarter. BI Asset Management Fondsmaeglerselskab A S now owns 3,782 shares of the real estate investment trust’s stock worth $141,000 after purchasing an additional 645 shares in the last quarter. Daiwa Securities Group Inc. increased its holdings in 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 worth $279,373,000 after purchasing an additional 1,359,804 shares in the last quarter. Fidelis Capital Partners LLC bought a new stake in UDR during the 1st quarter worth approximately $26,000. Finally, Tokio Marine Asset Management Co. Ltd. increased its holdings in UDR by 7.3% during the 1st quarter. Tokio Marine Asset Management Co. Ltd. now owns 11,218 shares of the real estate investment trust’s stock worth $420,000 after purchasing an additional 766 shares in the last quarter. 97.84% of the stock is owned by institutional investors and hedge funds.

UDR Stock Up 0.1 %

UDR opened at $40.65 on Friday. The stock has a market cap of $13.39 billion, a PE ratio of 29.43, a P/E/G ratio of 8.96 and a beta of 0.83. The company has a quick ratio of 6.61, a current ratio of 6.61 and a debt-to-equity ratio of 1.49. UDR, Inc. has a 52 week low of $30.95 and a 52 week high of $43.67. The business’s fifty day simple moving average is $39.76 and its 200 day simple moving average is $37.92.

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 paid a dividend of $0.425 per share. The ex-dividend date is Wednesday, July 10th. This represents a $1.70 dividend on an annualized basis and a dividend yield of 4.18%. UDR’s dividend payout ratio (DPR) is currently 123.19%.

Insider Activity

In other news, CEO Thomas W. Toomey sold 90,000 shares of the firm’s stock in a transaction dated 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 transaction, the chief executive officer now directly owns 849,716 shares of the company’s stock, valued at $33,580,776.32. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In related news, SVP Michael D. Lacy sold 4,500 shares of the firm’s stock in a transaction dated Friday, May 10th. The stock was sold at an average price of $38.17, for a total value of $171,765.00. Following the sale, the senior vice president now directly owns 8,566 shares of the company’s stock, valued at $326,964.22. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Thomas W. Toomey sold 90,000 shares of the firm’s stock in a transaction dated 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 completion of the sale, the chief executive officer now directly owns 849,716 shares in the company, valued at $33,580,776.32. The disclosure for this sale can be found here. Insiders own 3.73% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have commented on UDR shares. Scotiabank boosted their price objective on UDR from $39.00 to $42.00 and gave the stock a “sector perform” rating in a report on Tuesday, May 14th. Piper Sandler raised UDR from an “underweight” rating to a “neutral” rating and boosted their price objective for the stock from $34.00 to $40.00 in a report on Wednesday, April 10th. Truist Financial upped their target price on UDR from $42.00 to $44.00 and gave the company a “buy” rating in a report on Monday, June 24th. UBS Group raised UDR from a “neutral” rating to a “buy” rating and upped their target price for the company from $38.00 to $44.00 in a report on Thursday, April 25th. Finally, JPMorgan Chase & Co. upped their target price on UDR from $42.00 to $43.00 and gave the company an “overweight” rating in a report on Monday, June 17th. Eleven equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $40.71.

UDR 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.