Integrity Wealth Solutions LLC Increases Stake in UDR, Inc. (NYSE:UDR)

Integrity Wealth Solutions LLC boosted its position in shares of UDR, Inc. (NYSE:UDR) by 8.2% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 6,409 shares of the real estate investment trust’s stock after acquiring an additional 484 shares during the period. Integrity Wealth Solutions LLC’s holdings in UDR were worth $240,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of UDR. Principal Securities Inc. purchased a new position in UDR during the 4th quarter worth approximately $26,000. Quest Partners LLC purchased a new stake in UDR in the 4th quarter valued at $27,000. Livforsakringsbolaget Skandia Omsesidigt boosted its stake in UDR by 87.3% during the 4th quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 1,435 shares of the real estate investment trust’s stock worth $55,000 after purchasing an additional 669 shares during the period. Addison Advisors LLC increased its stake in UDR by 53.1% in the fourth quarter. Addison Advisors LLC now owns 1,731 shares of the real estate investment trust’s stock valued at $66,000 after purchasing an additional 600 shares during the period. Finally, Allworth Financial LP boosted its stake in shares of UDR by 20.1% during the fourth quarter. Allworth Financial LP now owns 1,943 shares of the real estate investment trust’s stock worth $74,000 after buying an additional 325 shares during the period. 97.84% of the stock is owned by hedge funds and other institutional investors.

UDR Trading Down 0.1 %

Shares of UDR stock opened at $40.99 on Wednesday. UDR, Inc. has a fifty-two week low of $30.95 and a fifty-two week high of $44.02. The business’s fifty day moving average is $39.36 and its two-hundred day moving average is $37.76. The company has a quick ratio of 6.61, a current ratio of 6.61 and a debt-to-equity ratio of 1.49. The firm has a market cap of $13.50 billion, a PE ratio of 29.70, a P/E/G ratio of 9.07 and a beta of 0.83.

UDR Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, July 31st. Investors of record on Wednesday, July 10th will be given a dividend of $0.425 per share. The ex-dividend date of this dividend is Wednesday, July 10th. This represents a $1.70 annualized dividend and a yield of 4.15%. UDR’s dividend payout ratio (DPR) is presently 123.19%.

Analyst Ratings Changes

UDR has been the topic of several recent analyst reports. Scotiabank boosted their target price on UDR from $39.00 to $42.00 and gave the stock a “sector perform” rating in a research report on Tuesday, May 14th. Mizuho increased their price objective on UDR from $35.00 to $38.00 and gave the stock a “neutral” rating in a research report on Thursday, May 30th. Wedbush boosted their target price 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. UBS Group raised shares of UDR from a “neutral” rating to a “buy” rating and upped their price target for the stock from $38.00 to $44.00 in a research note on Thursday, April 25th. Finally, Morgan Stanley boosted their price objective on shares of UDR from $37.00 to $40.00 and gave the stock 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 issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $40.71.

Insider Buying and Selling at UDR

In other UDR news, CEO Thomas W. Toomey sold 90,000 shares of UDR 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 owns 849,716 shares in the company, valued at approximately $33,580,776.32. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other news, CEO Thomas W. Toomey sold 90,000 shares of the 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 completion of the sale, the chief executive officer now owns 849,716 shares of the company’s stock, valued at $33,580,776.32. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Michael D. Lacy sold 4,500 shares of the business’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 value of $171,765.00. Following the transaction, 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. 3.73% of the stock is owned by company insiders.

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.