Allstate Corp Has $1.86 Million Position in UDR, Inc. (NYSE:UDR)

Allstate Corp lowered its holdings in shares of UDR, Inc. (NYSE:UDR) by 42.8% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 48,450 shares of the real estate investment trust’s stock after selling 36,302 shares during the period. Allstate Corp’s holdings in UDR were worth $1,855,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the business. Cerity Partners LLC boosted its stake in UDR by 0.3% during the fourth quarter. Cerity Partners LLC now owns 102,605 shares of the real estate investment trust’s stock worth $3,929,000 after buying an additional 313 shares in the last quarter. Allworth Financial LP lifted its holdings 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 valued at $74,000 after acquiring an additional 325 shares during the period. Treasurer of the State of North Carolina lifted its holdings in shares of UDR by 0.4% during the third quarter. Treasurer of the State of North Carolina now owns 148,286 shares of the real estate investment trust’s stock valued at $5,289,000 after acquiring an additional 550 shares during the period. Addison Advisors LLC lifted its holdings in shares of UDR by 53.1% during the fourth 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 during the period. Finally, Livforsakringsbolaget Skandia Omsesidigt lifted 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 valued at $55,000 after acquiring an additional 669 shares during the period. Institutional investors and hedge funds own 97.84% of the company’s stock.

UDR Trading Down 0.5 %

NYSE:UDR traded down $0.19 on Thursday, hitting $39.41. 414,499 shares of the stock were exchanged, compared to its average volume of 2,861,630. The stock has a market capitalization of $12.98 billion, a price-to-earnings ratio of 28.70, a P/E/G ratio of 8.78 and a beta of 0.79. UDR, Inc. has a 52 week low of $30.95 and a 52 week high of $44.02. The company has a debt-to-equity ratio of 1.49, a quick ratio of 6.61 and a current ratio of 6.61. The company’s 50-day moving average price is $37.59 and its 200 day moving average price is $36.55.

UDR Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, April 30th. Stockholders of record on Wednesday, April 10th were given a dividend of $0.425 per share. This is a positive change from UDR’s previous quarterly dividend of $0.42. This represents a $1.70 annualized dividend and a dividend yield of 4.31%. The ex-dividend date was Tuesday, April 9th. UDR’s payout ratio is presently 123.19%.

Insider Transactions at UDR

In other news, SVP Michael D. Lacy sold 4,500 shares of the business’s stock in a transaction dated Friday, May 10th. The stock was sold at an average price of $38.17, for a total transaction of $171,765.00. Following the completion of the transaction, the senior vice president now directly owns 8,566 shares in the company, valued at approximately $326,964.22. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 3.73% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on UDR shares. Piper Sandler raised UDR from an “underweight” rating to a “neutral” rating and lifted their price objective for the company from $34.00 to $40.00 in a report on Wednesday, April 10th. Truist Financial cut their price objective on UDR from $45.00 to $42.00 and set a “buy” rating for the company in a report on Tuesday, April 9th. Deutsche Bank Aktiengesellschaft started coverage on UDR in a report on Tuesday, January 30th. They set a “hold” rating and a $40.00 price objective for the company. Mizuho cut their price target on UDR from $38.00 to $35.00 and set a “neutral” rating for the company in a report on Wednesday, February 28th. Finally, The Goldman Sachs Group started coverage on UDR in a report on Thursday, February 22nd. They issued a “neutral” rating and a $39.00 price target for the company. Eleven 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, UDR has a consensus rating of “Hold” and a consensus target price of $40.35.

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 communities in targeted U.S.