PGGM Investments Has $130.70 Million Stock Holdings in UDR, Inc. (NYSE:UDR)

PGGM Investments trimmed its stake in shares of UDR, Inc. (NYSE:UDR) by 1.1% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,176,167 shares of the real estate investment trust’s stock after selling 35,557 shares during the quarter. UDR makes up about 1.9% of PGGM Investments’ portfolio, making the stock its 13th largest holding. PGGM Investments owned about 0.96% of UDR worth $130,699,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also added to or reduced their stakes in the stock. Principal Securities Inc. acquired a new position in UDR in the 4th quarter valued at approximately $26,000. Fidelis Capital Partners LLC acquired a new position in UDR in the 1st quarter valued at approximately $26,000. Quest Partners LLC acquired a new position in UDR in the 4th quarter valued at approximately $27,000. Livforsakringsbolaget Skandia Omsesidigt increased its position in UDR by 87.3% in the 4th quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 1,435 shares of the real estate investment trust’s stock valued at $55,000 after acquiring an additional 669 shares during the period. Finally, Addison Advisors LLC increased its position in UDR by 53.1% in the 4th quarter. Addison Advisors LLC now owns 1,731 shares of the real estate investment trust’s stock valued at $66,000 after acquiring an additional 600 shares during the period. 97.84% of the stock is currently owned by institutional investors and hedge funds.

UDR Stock Up 0.2 %

Shares of UDR stock traded up $0.10 during trading hours on Wednesday, reaching $41.79. The company’s stock had a trading volume of 1,068,166 shares, compared to its average volume of 2,657,915. UDR, Inc. has a one year low of $30.95 and a one year high of $42.42. The company has a market capitalization of $13.76 billion, a P/E ratio of 30.28, a P/E/G ratio of 9.22 and a beta of 0.83. The stock’s fifty day simple moving average is $40.81 and its two-hundred day simple moving average is $38.47. The company has a debt-to-equity ratio of 1.57, a quick ratio of 5.82 and a current ratio of 5.82.

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

UDR Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, July 31st. Shareholders 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 4.07%. The ex-dividend date of this dividend was Wednesday, July 10th. UDR’s dividend payout ratio (DPR) is 123.19%.

Insider Buying and Selling at UDR

In other UDR news, CEO Thomas W. Toomey sold 90,000 shares of the firm’s stock in a transaction 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 transaction, the chief executive officer now directly owns 849,716 shares of the company’s stock, valued at $33,580,776.32. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 3.73% of the company’s stock.

Analyst Ratings Changes

UDR has been the subject of several recent research reports. Mizuho upped their price target 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. Royal Bank of Canada decreased their price objective on shares of UDR from $41.00 to $40.00 and set a “sector perform” rating for the company in a research report on Thursday, August 1st. Truist Financial increased their price objective on shares of UDR from $42.00 to $44.00 and gave the stock a “buy” rating in a research report on Monday, June 24th. JPMorgan Chase & Co. increased their price objective on shares of UDR from $42.00 to $43.00 and gave the stock an “overweight” rating in a research report on Monday, June 17th. Finally, Wedbush increased their price objective on shares of UDR from $45.00 to $49.00 and gave the stock an “outperform” rating in a research report on Monday, August 5th. Eleven research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to MarketBeat, UDR has a consensus rating of “Hold” and an average price target of $41.61.

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.