Northern Trust Corp raised its holdings in UDR, Inc. (NYSE:UDR) by 5.0% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 4,327,408 shares of the real estate investment trust’s stock after buying an additional 206,649 shares during the quarter. Northern Trust Corp owned 1.52% of UDR worth $194,257,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in UDR. Cornerstone Advisors Inc. boosted its position in shares of UDR by 66.8% during the 1st quarter. Cornerstone Advisors Inc. now owns 577 shares of the real estate investment trust’s stock valued at $26,000 after acquiring an additional 231 shares in the last quarter. CWM LLC grew its stake in shares of UDR by 236.7% in the 2nd quarter. CWM LLC now owns 1,101 shares of the real estate investment trust’s stock valued at $49,000 after purchasing an additional 774 shares during the period. Mcmillion Capital Management Inc. acquired a new position in shares of UDR in the 2nd quarter worth approximately $66,000. Nelson Roberts Investment Advisors LLC acquired a new position in shares of UDR in the 2nd quarter worth approximately $96,000. Finally, Farmers & Merchants Investments Inc. lifted its position in shares of UDR by 1,609.4% during the 2nd quarter. Farmers & Merchants Investments Inc. now owns 2,188 shares of the real estate investment trust’s stock worth $98,000 after buying an additional 2,060 shares during the period. 93.51% of the stock is currently owned by hedge funds and other institutional investors.

Several analysts recently commented on UDR shares. Morgan Stanley boosted their price target on UDR from $48.00 to $51.00 and gave the company an “equal weight” rating in a research note on Friday, September 6th. Zacks Investment Research cut UDR from a “buy” rating to a “hold” rating in a report on Wednesday, May 15th. ValuEngine upgraded shares of UDR from a “hold” rating to a “buy” rating in a research note on Tuesday, August 27th. TheStreet raised shares of UDR from a “c” rating to a “b-” rating in a report on Tuesday, July 30th. Finally, Wells Fargo & Co increased their target price on shares of UDR from $46.00 to $47.00 and gave the stock a “market perform” rating in a research report on Tuesday, August 13th. Three equities research analysts have rated the stock with a sell rating, nine have given a hold rating and five have given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average target price of $45.54.

In related news, VP Warren L. Troupe sold 5,000 shares of the business’s stock in a transaction that occurred on Tuesday, June 18th. The shares were sold at an average price of $46.61, for a total value of $233,050.00. Following the completion of the transaction, the vice president now owns 490,761 shares in the company, valued at approximately $22,874,370.21. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, COO Jerry A. Davis sold 10,000 shares of the company’s stock in a transaction on Monday, July 1st. The stock was sold at an average price of $45.21, for a total value of $452,100.00. Following the transaction, the chief operating officer now directly owns 193,065 shares in the company, valued at approximately $8,728,468.65. The disclosure for this sale can be found here. In the last quarter, insiders have sold 18,100 shares of company stock worth $834,663. 2.85% of the stock is owned by corporate insiders.

Shares of NYSE:UDR traded down $0.09 during midday trading on Wednesday, reaching $47.75. The company’s stock had a trading volume of 60,973 shares, compared to its average volume of 1,626,707. The business’s fifty day simple moving average is $47.17 and its 200-day simple moving average is $45.67. The company has a debt-to-equity ratio of 1.32, a current ratio of 6.43 and a quick ratio of 6.43. UDR, Inc. has a fifty-two week low of $37.87 and a fifty-two week high of $49.07. The company has a market capitalization of $14.01 billion, a P/E ratio of 24.34, a P/E/G ratio of 3.60 and a beta of 0.46.

About UDR

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.

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Institutional Ownership by Quarter for UDR (NYSE:UDR)

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