WEALTHFRONT Corp lifted its position in UDR, Inc. (NYSE:UDR) by 78.4% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 19,164 shares of the real estate investment trust’s stock after acquiring an additional 8,424 shares during the quarter. WEALTHFRONT Corp’s holdings in UDR were worth $775,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also recently modified their holdings of UDR. Piedmont Investment Advisors LLC acquired a new position in shares of UDR in the 2nd quarter worth approximately $118,000. Aperio Group LLC grew its position in shares of UDR by 19.4% in the 2nd quarter. Aperio Group LLC now owns 104,049 shares of the real estate investment trust’s stock worth $3,906,000 after acquiring an additional 16,912 shares in the last quarter. TD Asset Management Inc. grew its position in shares of UDR by 8.5% in the 2nd quarter. TD Asset Management Inc. now owns 85,130 shares of the real estate investment trust’s stock worth $3,196,000 after acquiring an additional 6,675 shares in the last quarter. Sumitomo Mitsui Trust Holdings Inc. grew its position in shares of UDR by 4.5% in the 2nd quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 1,151,701 shares of the real estate investment trust’s stock worth $43,235,000 after acquiring an additional 49,485 shares in the last quarter. Finally, Wells Fargo & Company MN grew its position in shares of UDR by 2.5% in the 2nd quarter. Wells Fargo & Company MN now owns 352,900 shares of the real estate investment trust’s stock worth $13,249,000 after acquiring an additional 8,486 shares in the last quarter. Institutional investors own 97.55% of the company’s stock.
NYSE:UDR opened at $42.43 on Friday. UDR, Inc. has a 12-month low of $32.88 and a 12-month high of $42.98. The company has a market cap of $11.52 billion, a P/E ratio of 22.69, a P/E/G ratio of 3.82 and a beta of 0.37. The company has a quick ratio of 5.97, a current ratio of 5.97 and a debt-to-equity ratio of 1.49.
Several research analysts have recently commented on UDR shares. Evercore ISI lowered UDR from an “in-line” rating to an “underperform” rating in a research report on Sunday, October 21st. Societe Generale started coverage on UDR in a research report on Tuesday, October 16th. They issued a “sell” rating for the company. Barclays reiterated a “hold” rating and issued a $39.00 target price on shares of UDR in a research report on Sunday, October 14th. Jefferies Financial Group upgraded UDR from a “hold” rating to a “buy” rating and lifted their target price for the stock from $42.00 to $47.00 in a research report on Friday, November 30th. Finally, Stifel Nicolaus boosted their price objective on UDR from $40.00 to $43.00 and gave the company a “buy” rating in a research report on Tuesday, September 25th. Two research analysts have rated the stock with a sell rating, ten have given a hold rating and six have issued a buy rating to the company. The stock currently has an average rating of “Hold” and an average target price of $40.93.
In other UDR news, VP Warren L. Troupe sold 10,000 shares of UDR stock in a transaction on Monday, November 12th. The stock was sold at an average price of $41.29, for a total transaction of $412,900.00. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CEO Thomas W. Toomey sold 40,000 shares of UDR stock in a transaction on Wednesday, November 14th. The shares were sold at an average price of $41.20, for a total value of $1,648,000.00. Following the sale, the chief executive officer now directly owns 1,746,826 shares in the company, valued at approximately $71,969,231.20. The disclosure for this sale can be found here. Insiders have sold a total of 84,773 shares of company stock valued at $3,474,829 in the last 90 days. Insiders own 3.16% of the company’s stock.
COPYRIGHT VIOLATION NOTICE: “WEALTHFRONT Corp Raises Stake in UDR, Inc. (UDR)” was reported by BBNS and is the property of of BBNS. If you are reading this story on another site, it was illegally copied and reposted in violation of US and international copyright & trademark laws. The correct version of this story can be accessed at https://baseballnewssource.com/2018/12/08/wealthfront-corp-raises-stake-in-udr-inc-udr/3065393.html.
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 properties in targeted U.S.
Recommended Story: What is Net Asset Value (NAV)?
Want to see what other hedge funds are holding UDR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for UDR, Inc. (NYSE:UDR).
Receive News & Ratings for UDR Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for UDR and related companies with MarketBeat.com's FREE daily email newsletter.