Wellington Management Group LLP Has $281.46 Million Stock Position in UDR, Inc. (NYSE:UDR)

Wellington Management Group LLP lessened its holdings in shares of UDR, Inc. (NYSE:UDR) by 13.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 7,350,723 shares of the real estate investment trust’s stock after selling 1,134,773 shares during the quarter. Wellington Management Group LLP’s holdings in UDR were worth $281,459,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Principal Securities Inc. acquired a new stake in shares of UDR during the fourth quarter worth about $26,000. Quest Partners LLC acquired a new position in shares of UDR in the fourth quarter valued at approximately $27,000. Parkside Financial Bank & Trust increased its position in shares of UDR by 225.7% during the third quarter. Parkside Financial Bank & Trust now owns 1,088 shares of the real estate investment trust’s stock worth $39,000 after acquiring an additional 754 shares in the last quarter. Livforsakringsbolaget Skandia Omsesidigt raised its holdings in shares of UDR by 87.3% during the fourth quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 1,435 shares of the real estate investment trust’s stock worth $55,000 after acquiring an additional 669 shares during the period. Finally, Addison Advisors LLC lifted 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 in the last quarter. 97.84% of the stock is currently owned by institutional investors.

Insider Transactions at UDR

In other UDR news, SVP Michael D. Lacy sold 4,500 shares of the company’s stock in a transaction 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 of the company’s stock, valued at approximately $326,964.22. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. In related news, CEO Thomas W. Toomey sold 90,000 shares of the stock in a transaction that occurred on Friday, June 7th. The stock was 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 $33,580,776.32. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, SVP Michael D. Lacy sold 4,500 shares of UDR stock in a transaction on Friday, May 10th. The shares were sold at an average price of $38.17, for a total value of $171,765.00. Following the completion of the transaction, the senior vice president now directly owns 8,566 shares of the company’s stock, valued at $326,964.22. The disclosure for this sale can be found here. 3.73% of the stock is owned by corporate insiders.

UDR Price Performance

Shares of UDR opened at $40.34 on Tuesday. The company’s 50-day moving average is $38.42 and its 200-day moving average is $37.36. The company has a debt-to-equity ratio of 1.49, a current ratio of 6.61 and a quick ratio of 6.61. The firm has a market capitalization of $13.28 billion, a PE ratio of 29.23, a PEG ratio of 8.90 and a beta of 0.81. UDR, Inc. has a fifty-two week low of $30.95 and a fifty-two week high of $44.02.

UDR Announces Dividend

The company also recently disclosed 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 4.21%. The ex-dividend date is Wednesday, July 10th. UDR’s dividend payout ratio is presently 123.19%.

Analyst Upgrades and Downgrades

UDR has been the topic of a number of research reports. Barclays lowered UDR from an “overweight” rating to an “equal weight” rating and cut their price target for the company from $46.00 to $37.00 in a report on Tuesday, February 20th. Mizuho raised their price target on shares of UDR from $35.00 to $38.00 and gave the stock a “neutral” rating in a research note on Thursday, May 30th. UBS Group upgraded shares of UDR from a “neutral” rating to a “buy” rating and lifted their price objective for the company from $38.00 to $44.00 in a report on Thursday, April 25th. The Goldman Sachs Group assumed coverage on shares of UDR in a research report on Thursday, February 22nd. They issued a “neutral” rating and a $39.00 target price for the company. Finally, 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. Eleven research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $40.59.

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.