UDR, Inc. (NYSE:UDR) Shares Bought by Lasalle Investment Management Securities LLC

Lasalle Investment Management Securities LLC boosted its position in shares of UDR, Inc. (NYSE:UDR) by 64.6% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The firm owned 1,447,425 shares of the real estate investment trust’s stock after buying an additional 567,878 shares during the quarter. UDR makes up 2.2% of Lasalle Investment Management Securities LLC’s holdings, making the stock its 18th biggest position. Lasalle Investment Management Securities LLC owned about 0.44% of UDR worth $54,148,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Vanguard Group Inc. grew its position in UDR by 0.5% during the first quarter. Vanguard Group Inc. now owns 51,063,214 shares of the real estate investment trust’s stock valued at $1,910,275,000 after buying an additional 233,475 shares during the period. Presima Securities ULC acquired a new stake in shares of UDR in the fourth quarter valued at about $18,256,000. BNP PARIBAS ASSET MANAGEMENT Holding S.A. grew its position in shares of UDR by 370.6% in the first quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 222,940 shares of the real estate investment trust’s stock valued at $8,340,000 after purchasing an additional 175,566 shares during the period. Hsbc Holdings PLC grew its position in shares of UDR by 6.2% in the fourth quarter. Hsbc Holdings PLC now owns 761,659 shares of the real estate investment trust’s stock valued at $29,205,000 after purchasing an additional 44,677 shares during the period. Finally, International Assets Investment Management LLC grew its position in shares of UDR by 3,730.9% in the fourth quarter. International Assets Investment Management LLC now owns 37,351 shares of the real estate investment trust’s stock valued at $1,430,000 after purchasing an additional 36,376 shares during the period. Institutional investors and hedge funds own 97.84% of the company’s stock.

Insider Activity

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 shares were 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, CEO Thomas W. Toomey sold 90,000 shares of the company’s 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 sale, the chief executive officer now directly owns 849,716 shares of the company’s stock, valued at approximately $33,580,776.32. The sale 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 stock was sold at an average price of $38.17, for a total transaction of $171,765.00. Following the sale, the senior vice president now directly owns 8,566 shares in the company, valued at $326,964.22. The disclosure for this sale can be found here. Insiders own 3.73% of the company’s stock.

Analyst Ratings Changes

Several analysts have recently issued reports on UDR shares. Mizuho lifted their target price on shares of UDR from $35.00 to $38.00 and gave the company a “neutral” rating in a research report on Thursday, May 30th. Piper Sandler upgraded shares of UDR from an “underweight” rating to a “neutral” rating and lifted their target price for the company from $34.00 to $40.00 in a research report on Wednesday, April 10th. Morgan Stanley lifted their target price on shares of UDR from $37.00 to $40.00 and gave the company an “equal weight” rating in a research report on Tuesday, May 14th. Wells Fargo & Company boosted their price target on shares of UDR from $39.00 to $41.00 and gave the stock an “overweight” rating in a research report on Friday, May 31st. Finally, Wedbush boosted their price target on shares of UDR from $40.00 to $45.00 and gave the stock an “outperform” rating in a research report on Monday, May 6th. Eleven investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $41.33.

UDR Trading Down 0.3 %

UDR stock traded down $0.14 during trading on Friday, reaching $40.59. 4,218,957 shares of the stock were exchanged, compared to its average volume of 2,658,923. The business has a 50 day moving average price of $40.39 and a 200-day moving average price of $38.23. The firm has a market capitalization of $13.39 billion, a price-to-earnings ratio of 29.41, a P/E/G ratio of 8.99 and a beta of 0.83. UDR, Inc. has a 1 year low of $30.95 and a 1 year high of $42.42. The company has a current ratio of 5.82, a quick ratio of 6.61 and a debt-to-equity ratio of 1.57.

UDR (NYSE:UDR) last released its quarterly earnings results on Tuesday, July 30th. The real estate investment trust reported $0.08 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.61 by ($0.53). The company had revenue of $415.30 million during the quarter, compared to analysts’ expectations of $413.75 million. UDR had a net margin of 8.34% and a return on equity of 3.70%. UDR’s revenue was up 2.7% on a year-over-year basis. During the same period last year, the firm posted $0.61 earnings per share. On average, research analysts predict that UDR, Inc. will post 2.45 earnings per share for the current year.

UDR Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, July 31st. Stockholders of record on Wednesday, July 10th were paid a $0.425 dividend. This represents a $1.70 dividend on an annualized basis and a dividend yield of 4.19%. The ex-dividend date of this dividend was Wednesday, July 10th. UDR’s dividend payout ratio (DPR) is 123.19%.

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.