CANADA LIFE ASSURANCE Co Has $20.62 Million Holdings in UDR, Inc. (NYSE:UDR)

CANADA LIFE ASSURANCE Co raised its stake in UDR, Inc. (NYSE:UDR) by 2.0% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 550,909 shares of the real estate investment trust’s stock after purchasing an additional 10,577 shares during the quarter. CANADA LIFE ASSURANCE Co owned 0.17% of UDR worth $20,617,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently bought and sold shares of the company. SG Americas Securities LLC grew its holdings in shares of UDR by 41.1% in the fourth quarter. SG Americas Securities LLC now owns 70,685 shares of the real estate investment trust’s stock valued at $2,707,000 after acquiring an additional 20,592 shares in the last quarter. Raymond James & Associates raised its stake in shares of UDR by 13.6% during the 4th quarter. Raymond James & Associates now owns 82,281 shares of the real estate investment trust’s stock worth $3,151,000 after purchasing an additional 9,842 shares during the period. Fifth Third Bancorp boosted its holdings in shares of UDR by 24.9% in the 4th quarter. Fifth Third Bancorp now owns 18,105 shares of the real estate investment trust’s stock worth $693,000 after buying an additional 3,613 shares during the last quarter. Venturi Wealth Management LLC grew its position in UDR by 123.6% during the fourth quarter. Venturi Wealth Management LLC now owns 24,987 shares of the real estate investment trust’s stock valued at $957,000 after buying an additional 13,812 shares during the period. Finally, Vanderbilt University increased its holdings in UDR by 10.6% during the fourth quarter. Vanderbilt University now owns 7,470 shares of the real estate investment trust’s stock worth $286,000 after buying an additional 717 shares during the last quarter. 97.84% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at UDR

In other news, CEO Thomas W. Toomey sold 90,000 shares of the firm’s stock in a transaction dated 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 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 accessible through this hyperlink. In other UDR news, SVP Michael D. Lacy sold 4,500 shares of the business’s stock in a transaction on Friday, May 10th. The shares were sold at an average price of $38.17, for a total transaction of $171,765.00. Following the completion of the sale, the senior vice president now directly owns 8,566 shares in the company, valued at approximately $326,964.22. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, 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 transaction, 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. 3.73% of the stock is currently owned by insiders.

UDR Price Performance

Shares of UDR stock opened at $40.67 on Friday. The business has a 50 day moving average of $40.22 and a 200 day moving average of $38.14. UDR, Inc. has a 52 week low of $30.95 and a 52 week high of $42.75. The company has a market cap of $13.39 billion, a PE ratio of 29.47, a P/E/G ratio of 9.15 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 Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, July 31st. Stockholders of record on Wednesday, July 10th will be issued a dividend of $0.425 per share. This represents a $1.70 dividend on an annualized basis and a dividend yield of 4.18%. The ex-dividend date is Wednesday, July 10th. UDR’s payout ratio is currently 123.19%.

Analyst Ratings Changes

A number of research analysts have recently weighed in on UDR shares. Mizuho increased 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. BMO Capital Markets raised UDR from a “market perform” rating to an “outperform” rating and raised their target price for the stock from $39.00 to $45.00 in a research report on Monday, July 15th. Wedbush lifted their price objective on UDR from $40.00 to $45.00 and gave the stock an “outperform” rating in a report on Monday, May 6th. Truist Financial boosted their price objective on UDR from $42.00 to $44.00 and gave the company a “buy” rating in a research note on Monday, June 24th. Finally, Wells Fargo & Company increased their target price 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. 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, the company has a consensus rating of “Hold” and a consensus target price of $41.17.

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.