PGGM Investments Acquires 228,342 Shares of UDR, Inc. (NYSE:UDR)

PGGM Investments grew its stake in UDR, Inc. (NYSE:UDR) by 7.8% in the 4th quarter, Holdings Channel.com reports. The fund owned 3,163,812 shares of the real estate investment trust’s stock after purchasing an additional 228,342 shares during the quarter. UDR makes up 1.8% of PGGM Investments’ holdings, making the stock its 14th largest holding. PGGM Investments’ holdings in UDR were worth $137,341,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also bought and sold shares of UDR. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in UDR by 862.3% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 3,086,964 shares of the real estate investment trust’s stock valued at $139,963,000 after purchasing an additional 2,766,172 shares in the last quarter. Mizuho Securities USA LLC boosted its holdings in shares of UDR by 8,460.5% in the 3rd quarter. Mizuho Securities USA LLC now owns 2,000,000 shares of the real estate investment trust’s stock valued at $90,680,000 after buying an additional 1,976,637 shares during the last quarter. FMR LLC grew its stake in shares of UDR by 14.8% in the third quarter. FMR LLC now owns 11,401,026 shares of the real estate investment trust’s stock valued at $516,923,000 after buying an additional 1,471,855 shares in the last quarter. Raymond James Financial Inc. acquired a new position in UDR during the fourth quarter worth $22,662,000. Finally, JPMorgan Chase & Co. raised its position in UDR by 5.0% during the third quarter. JPMorgan Chase & Co. now owns 7,774,541 shares of the real estate investment trust’s stock worth $352,498,000 after acquiring an additional 368,087 shares in the last quarter. Institutional investors own 97.84% of the company’s stock.

Insider Activity at UDR

In other UDR news, CEO Thomas W. Toomey sold 25,000 shares of the firm’s stock in a transaction dated Thursday, February 20th. The shares were sold at an average price of $42.75, for a total value of $1,068,750.00. Following the transaction, the chief executive officer now directly owns 824,716 shares of the company’s stock, valued at $35,256,609. This trade represents a 2.94 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 3.73% of the stock is owned by insiders.

UDR Stock Performance

Shares of NYSE:UDR opened at $42.98 on Thursday. UDR, Inc. has a 12-month low of $35.14 and a 12-month high of $47.55. The company’s 50 day moving average price is $42.49 and its two-hundred day moving average price is $43.81. The firm has a market cap of $14.23 billion, a PE ratio of 171.90, a PEG ratio of 8.67 and a beta of 0.88. The company has a quick ratio of 5.91, a current ratio of 5.61 and a debt-to-equity ratio of 1.71.

UDR (NYSE:UDR) last issued its quarterly earnings results on Wednesday, February 5th. The real estate investment trust reported $0.63 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.10 by $0.53. UDR had a return on equity of 2.65% and a net margin of 5.36%. Equities research analysts predict that UDR, Inc. will post 2.51 earnings per share for the current year.

UDR Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, January 31st. Investors of record on Thursday, January 9th were given a $0.425 dividend. This represents a $1.70 dividend on an annualized basis and a dividend yield of 3.96%. The ex-dividend date was Friday, January 10th. UDR’s payout ratio is currently 680.00%.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on UDR. Truist Financial downgraded shares of UDR from a “buy” rating to a “hold” rating and raised their target price for the company from $45.00 to $46.00 in a research note on Monday. Mizuho cut their price objective on UDR from $47.00 to $45.00 and set a “neutral” rating for the company in a research report on Monday, January 6th. Barclays decreased their target price on UDR from $50.00 to $48.00 and set an “overweight” rating on the stock in a report on Friday, January 24th. Wells Fargo & Company cut their price target on UDR from $48.00 to $45.00 and set an “overweight” rating for the company in a report on Friday, January 24th. Finally, Evercore ISI upped their price objective on shares of UDR from $43.00 to $45.00 and gave the company an “in-line” rating in a report on Monday, February 10th. One investment analyst has rated the stock with a sell rating, eleven have assigned a hold rating and seven have given a buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $46.12.

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.