UDR UDR, Inc. Common Stock

NYSE · Real Estate · View on SEC EDGAR ↗
$37.52
Price · Aug 19, 2026
Fundamentals as of Jul 28, 2026
52W Range
$33–$42
51% of range
Analyst Rating
HOLD
28 analysts
Price Target
$42
+12% upside
P/E (TTM)
33.2
ROE
11.2%
Net Profit Margin
22.1%

About UDR, Inc. Common Stock Company overview from Wikipedia

UDR Inc. is a publicly traded real estate investment trust that invests in apartments. The company is organized in Maryland with its headquarters in Highlands Ranch, Colorado. As of December 31, 2024, the company owned interests in 169 apartment communities containing 55.696 apartment units in 21 markets in the United States.

Read more

UDR Inc. (formerly United Dominion Realty) is a publicly traded real estate investment trust that invests in apartments. The company is organized in Maryland with its headquarters in Highlands Ranch, Colorado. As of December 31, 2024, the company owned interests in 169 apartment communities containing 55.696 apartment units in 21 markets in the United States.

It is the 15th largest owner of apartments in the United States and the 31st largest apartment property manager in the United States.

## History

The company was founded in Highlands Ranch, Colorado in 1972.

In October 1996, the company acquired South West Property for $312 million in common stock. At that time, South West owned 14,975 apartments and UDR owned 41,004 apartments.

In March 1998, the company acquired ASR Investments Corporation, which owned 7,550 apartments, for $313 million.

In December 1998, the company acquired American Apartment Communities II, which owned 14,001 apartments primarily in California, the Pacific Northwest, the Midwest and Florida.

Source: Wikipedia, CC BY-SA 4.0 · View on Wikipedia ↗

Wikidata ↗

UDR Stock Snapshot Price, market cap, P/E, EPS, ROE, debt/equity, 52-week range

Price
$37.52
Market Cap
$12.32B
P/E (TTM)
33.2
EPS (TTM)
$1.13
Revenue (TTM)
$1.71B
Div Yield
4.6%
ROE
11.2%
Debt/Equity
—
52W Range
$33 – $42

UDR Stock Price Chart Daily OHLCV with technical indicators — pan, zoom, and customize your view

10-Year Performance Revenue, net income, margins and EPS trends

Revenue & Net Income $1.71B
10-point trend, +78.4%
2016-12-31 → 2025-12-31
EPS $1.13
10-point trend, +4.6%
2016-12-31 → 2025-12-31
Free Cash Flow —
3-point trend, +4.4%
2016-12-31 → 2018-12-31
Margins 22.1%

Valuation P/E, P/S, P/B, EV/EBITDA ratios — is the stock expensive or cheap?

Metric
5Y trend
UDR
Peer Median
P/E (TTM)
5-point trend, -74.0%
33.2
35.8
P/S (TTM)
5-point trend, -52.4%
7.2
7.4
P/B
5-point trend, -33.9%
3.7
2.6

Profitability Gross, operating and net margins; ROE, ROA, ROIC

Metric
5Y trend
UDR
Peer Median
Operating Margin
5-point trend, +55.7%
32.3%
—
Net Profit Margin
5-point trend, +89.8%
22.1%
24.7%
ROA
5-point trend, +138.8%
3.5%
4.2%
ROE
5-point trend, +149.9%
11.2%
8.1%
ROIC
5-point trend, +117.9%
16.8%
—

Financial Health Debt, liquidity, solvency — balance sheet strength

Metric
5Y trend
UDR
Peer Median

Growth Revenue, EPS and net income growth: YoY, 3Y CAGR, 5Y CAGR

Metric
5Y trend
UDR
Peer Median
Revenue YoY
5-point trend, +32.7%
2.4%
—
Revenue CAGR 3Y
5-point trend, +32.7%
4.1%
—
Revenue CAGR 5Y
5-point trend, +32.7%
6.7%
—
EPS YoY
5-point trend, +135.4%
334.6%
—
Net Income YoY
5-point trend, +151.8%
321.6%
—

Per Share Metrics EPS, book value per share, cash flow per share, dividend per share

Metric
5Y trend
UDR
Peer Median
EPS (Diluted)
5-point trend, +135.4%
$1.13
—

Capital Efficiency Asset turnover, inventory turnover, receivables turnover

Metric
5Y trend
UDR
Peer Median
Payout Ratio
5-point trend, -48.0%
150.3%
—

Dividends Yield, payout ratio, dividend history, 5Y CAGR

Dividend Yield
4.6%
Payout Ratio
150.3%
5Y Div CAGR
—
Ex-dateAmount
Aug. 17, 2026$0.1450
July 17, 2026$0.1450
April 15, 2026$0.4350
Jan. 12, 2026$0.4300
Oct. 9, 2025$0.4300
July 10, 2025$0.4300
April 10, 2025$0.4300
Jan. 10, 2025$0.4250
Oct. 10, 2024$0.4250
July 10, 2024$0.4250
April 9, 2024$0.4250
Jan. 9, 2024$0.4200
Oct. 6, 2023$0.4200
July 7, 2023$0.4200
April 6, 2023$0.4200
Jan. 6, 2023$0.3800
Oct. 7, 2022$0.3800
July 8, 2022$0.3800
April 8, 2022$0.3800
Jan. 7, 2022$0.3630

UDR Analyst Consensus Bullish and bearish analyst opinions, 12-month price target, upside

HOLD 28 analysts
  • Strong Buy 3 10.7%
  • Buy 9 32.1%
  • Hold 13 46.4%
  • Sell 3 10.7%
  • Strong Sell 0 0.0%

12-Month Price Target

21 analysts · 2026-08-18
Median target $42.00 +11.9%
Mean target $42.07 +12.1%

Earnings History EPS actual vs estimate, surprise %, beat rate, next earnings date

Avg Surprise
0.08%
Period EPS Actual EPS Est Surprise
June 30, 2026 $0.10 $0.12 -0.02%
March 31, 2026 $0.57 $0.11 0.46%
Dec. 31, 2025 $0.08 $0.15 -0.07%
Sept. 30, 2025 $0.12 $0.13 -0.01%
June 30, 2025 $0.11 $0.13 -0.02%
March 31, 2025 $0.23 $0.12 0.11%

Peer comparison (GICS sub-industry) Key metrics vs sector peers

Ticker Market Cap P/E Rev YoY Net Margin ROE Gross Margin
UDR $12.04B 32.5 2.4% 22.1% 11.2% —
ESS $16.86B 25.2 6.4% 37.2% 12.7% 69.9%
MAA $16.24B 36.7 0.83% 20.2% 7.7% —
CPT $11.48B 31.1 81.7% 2964.9% 8.5% —
IRT $4.15B 72.8 2.8% 8.6% 1.6% —
CSR $1.12B 65.4 4.9% 6.2% 2.3% —
NXRT $763M -23.9 -3.2% -12.8% -9.1% —
AVB $25.40B 24.5 4.4% — — —

Full Fundamentals All metrics by year — income statement, balance sheet, cash flow

Income Statement 14
Annual Income Statement data for UDR
Metric Trend 202520242023202220212020201920182017201620152014
Revenue 12-point trend, +109.3% $1.71B $1.67B $1.63B $1.52B $1.29B $1.24B $1.15B $1.05B $996M $960M $872M $818M
SG&A Expense 12-point trend, +78.0% $85M $84M $70M $64M $58M $50M $52M $47M $49M $50M $60M $48M
Operating Expenses 12-point trend, +102.8% $1.40B $1.40B $1.34B $1.29B $1.16B $1.11B $936M $828M $811M $785M $735M $691M
Operating Income 12-point trend, +336.7% $554M $285M $635M $251M $268M $249M $221M $355M $228M $401M $160M $127M
Interest Expense 10-point trend, +38.6% · · $181M $156M $186M $203M $171M $134M $129M $123M $122M $130M
Other Non-op 12-point trend, +61.7% $19M $-12M $18M $-7M $15M $6M $15M $7M $2M $2M $2M $12M
Pretax Income 12-point trend, +34715.0% $405M $97M $477M $93M $162M $72M $203M $222M $132M $332M $102M $1M
Income Tax 12-point trend, +105.5% $835.0K $879.0K $2M $349.0K $1M $3M $4M $688.0K $-240.0K $12M $-4M $-15M
Net Income 12-point trend, +144.7% $378M $90M $444M $87M $150M $64M $185M $203M $122M $293M $340M $154M
EPS (Basic) 12-point trend, +88.3% $1.13 $0.26 $1.34 $0.26 $0.49 $0.20 $0.63 $0.74 $0.44 $1.09 $1.30 $0.60
EPS (Diluted) 12-point trend, +91.5% $1.13 $0.26 $1.34 $0.26 $0.48 $0.20 $0.63 $0.74 $0.44 $1.08 $1.29 $0.59
Shares (Basic) 12-point trend, +31.3% 330,322,000 329,290,000 328,765,000 321,671,000 300,326,000 294,545,000 285,247,000 268,179,000 267,024,000 265,386,000 258,669,000 251,528,000
Shares (Diluted) 12-point trend, +30.6% 331,053,000 330,116,000 329,104,000 322,700,000 301,703,000 294,927,000 286,015,000 269,483,000 268,830,000 267,311,000 263,752,000 253,445,000
EBITDA 11-point trend, +873.2% $1.23B $980M $1.33B $930M $888M · $729M $790M $621M $600M $541M $127M
Balance Sheet 11
Annual Balance Sheet data for UDR
Metric Trend 202520242023202220212020201920182017201620152014
Cash & Equivalents 12-point trend, -92.0% $1M $1M $3M $1M $967.0K $1M $8M $185M $2M $2M $7M $15M
Intangibles 7-point trend, -73.4% $22M $31M $46M $40M $63M $37M $81M · · · · ·
Total Assets 12-point trend, +55.3% $10.61B $10.90B $11.37B $11.04B $10.78B $9.64B $9.64B $7.71B $7.73B $7.68B $7.66B $6.83B
Total Liabilities 12-point trend, +69.5% $6.46B $6.44B $6.42B $6.10B $6.00B $5.52B $5.23B $3.82B $3.95B $3.67B $3.82B $3.81B
Long-term Debt 12-point trend, +63.3% $5.82B $5.83B $5.80B $5.49B $5.41B $4.98B $4.71B $3.55B $3.67B $3.40B $3.57B $3.57B
Common Stock 12-point trend, +28.7% $3M $3M $3M $3M $3M $3M $3M $3M $3M $3M $3M $3M
Paid-in Capital 12-point trend, +77.1% $7.48B $7.57B $7.49B $7.49B $6.88B $5.88B $5.78B $4.92B $4.65B $4.64B $4.45B $4.22B
AOCI 12-point trend, +118.7% $2M $4M $5M $8M $-4M $-9M $-10M $-67.0K $-3M $-6M $-13M $-9M
Stockholders' Equity 12-point trend, +20.2% $3.29B $3.44B $3.99B $4.10B $3.44B $3.23B $3.36B $2.91B $2.83B $3.09B $2.90B $2.74B
Liabilities + Equity 12-point trend, +55.3% $10.61B $10.90B $11.37B $11.04B $10.78B $9.64B $9.64B $7.71B $7.73B $7.68B $7.66B $6.83B
Shares Outstanding 12-point trend, +28.7% 328,273,044 330,858,719 329,014,512 328,993,088 318,149,635 296,611,579 294,588,305 275,545,900 267,822,069 267,259,469 261,844,521 255,114,603
Cash Flow 16
Annual Cash Flow data for UDR
Metric Trend 202520242023202220212020201920182017201620152014
D&A 12-point trend, +86.9% $680M $695M $692M $680M $620M $619M $508M $436M $436M $426M $381M $364M
Stock-based Comp 12-point trend, +89.8% $26M $33M $33M $28M $22M $20M $24M $14M $13M $13M $18M $14M
Deferred Tax 2-point trend, -118.9% · · · · · · · · · · $-5M $25M
Other Non-cash 10-point trend, +40.2% $-181M $59M $-336M $26M $-128M · $-87M $-92M $-52M $-195M $-303M ·
Operating Cash Flow 12-point trend, +127.3% $903M $877M $833M $820M $664M $604M $631M $561M $519M $537M $459M $397M
CapEx 5-point trend, -11.8% · · · · · · · $5M $1M $4M $4M $5M
Investing Cash Flow 12-point trend, +49.4% $-151M $-276M $-289M $-930M $-1.27B $-461M $-1.69B $-114M $-407M $-113M $-265M $-299M
Stock Issued 9-point trend, -100.6% · · $-551.0K $630M $899M $102M $725M $300M · $173M $210M $100M
Stock Repurchased 5-point trend, +489.4% $118M · $25M $49M · $20M · $20M · · · ·
Net Stock Activity 9-point trend, -215.4% $-118M · $-26M $581M $899M · $725M $280M · $173M $111M $102M
Dividends Paid 12-point trend, +121.7% $568M $558M $540M $484M $434M $419M $383M $342M $328M $309M $283M $256M
Financing Cash Flow 12-point trend, -559.8% $-750M $-600M $-539M $111M $613M $-153M $880M $-260M $-112M $-429M $-202M $-114M
Net Change in Cash 4-point trend, +99.5% · · · · · · · · $-74.0K $-5M $-8M $-15M
Taxes Paid 12-point trend, +2.1% $1M $1M $2M $1M $5M $1M $2M $625.0K $2M $693.0K $-1M $1M
Free Cash Flow 5-point trend, +43.7% · · · · · · · $556M $518M $532M $428M $387M
Levered FCF 3-point trend, -86.7% · · · · · · · $422M · · $301M $3.17B
Profitability 7
Annual Profitability data for UDR
Metric Trend 202520242023202220212020201920182017201620152014
Operating Margin 11-point trend, +108.6% 32.3% 17.0% 39.0% 16.5% 20.8% · 19.2% 33.9% 18.7% 18.2% 17.8% 15.5%
Net Margin 11-point trend, +16.9% 22.1% 5.4% 27.3% 5.7% 11.6% · 16.1% 19.4% 12.3% 30.5% 38.0% 18.9%
Pretax Margin 11-point trend, +16778.6% 23.6% 5.8% 29.3% 6.1% 12.6% · 17.6% 21.2% 9.0% 11.0% 11.4% 0.14%
EBITDA Margin 11-point trend, +364.8% 72.0% 58.6% 81.5% 61.3% 68.8% · 63.3% 75.5% 63.1% 62.5% 60.5% 15.5%
ROA 11-point trend, +55.3% 3.5% 0.80% 4.0% 0.80% 1.5% · 2.1% 2.6% 1.6% 3.8% 4.7% 2.3%
ROE 11-point trend, +101.8% 11.2% 2.4% 11.0% 2.3% 4.5% · 5.9% 7.1% 4.1% 9.8% 12.1% 5.6%
ROIC 10-point trend, +117.0% 16.8% 8.2% 15.8% 6.1% 7.7% · 6.5% 12.2% 6.6% · 5.7% -99.0%
Liquidity & Solvency 1
Annual Liquidity & Solvency data for UDR
Metric Trend 202520242023202220212020201920182017201620152014
Interest Coverage 8-point trend, +261.3% · · 3.5 1.6 1.4 · 1.3 2.6 · 1.4 1.3 1.0
Efficiency 1
Annual Efficiency data for UDR
Metric Trend 202520242023202220212020201920182017201620152014
Asset Turnover 11-point trend, +33.0% 0.2 0.2 0.1 0.1 0.1 · 0.1 0.1 0.1 0.1 0.1 0.1
Per Share 7
Annual Per Share data for UDR
Metric Trend 202520242023202220212020201920182017201620152014
Book Value / Share 11-point trend, -6.6% $10.02 $10.41 $12.13 $12.46 $10.82 · $11.40 $10.54 $10.55 $11.57 $11.07 $10.72
Revenue / Share 11-point trend, +60.2% $5.17 $5.06 $4.95 $4.70 $4.28 · $4.03 $3.88 $3.66 $3.59 $3.39 $3.23
Cash Flow / Share 11-point trend, +76.2% $2.73 $2.66 $2.53 $2.54 $2.20 · $2.21 $2.08 $1.93 $2.01 $1.64 $1.55
Cash / Share 11-point trend, -93.8% $0.00 $0.00 $0.01 $0.00 $0.00 · $0.03 $0.67 $0.01 $0.01 $0.03 $0.06
Dividend / Share 12-point trend, +65.4% $2 $2 $2 $2 $1 $1 $1 $1 $1 $1 $1 $1
Dividend Paid / Share 12-point trend, +69.0% $2 $2 $2 $2 $1 $1 $1 $1 $1 $1 $1 $1
EPS (TTM) 12-point trend, +91.5% $1.13 $0.26 $1.34 $0.26 $0.48 $0.20 $0.63 $0.74 $0.44 $1.08 $1.29 $0.59
Growth Rates 10
Annual Growth Rates data for UDR
Metric Trend 202520242023202220212020201920182017201620152014
Revenue YoY 5-point trend, -39.5% 2.4% 2.7% 7.3% 17.6% 4.0% · · · · · · ·
Revenue CAGR 3Y 3-point trend, -56.5% 4.1% 9.0% 9.4% · · · · · · · · ·
Revenue CAGR 5Y 6.7% · · · · · · · · · · ·
EPS YoY 5-point trend, +139.0% 334.6% -80.6% 415.4% -45.8% 140.0% · · · · · · ·
EPS CAGR 3Y 3-point trend, -28.6% 63.2% -18.5% 88.5% · · · · · · · · ·
EPS CAGR 5Y 41.4% · · · · · · · · · · ·
Net Income YoY 5-point trend, +141.0% 321.6% -79.8% 411.2% -42.1% 133.4% · · · · · · ·
Net Income CAGR 3Y 3-point trend, -30.2% 63.2% -15.8% 90.5% · · · · · · · · ·
Net Income CAGR 5Y 42.5% · · · · · · · · · · ·
Dividend CAGR 5Y 6.2% · · · · · · · · · · ·
Valuation (TTM) 13
Annual Valuation (TTM) data for UDR
Metric Trend 202520242023202220212020201920182017201620152014
Revenue TTM 12-point trend, +109.3% $1.71B $1.67B $1.63B $1.52B $1.29B $1.24B $1.15B $1.05B $996M $960M $872M $818M
Net Income TTM 12-point trend, +144.7% $378M $90M $444M $87M $150M $64M $185M $203M $122M $293M $340M $154M
Market Cap 11-point trend, +53.1% $12.04B $14.36B $12.60B $12.74B $19.09B · $13.76B $10.92B $10.32B $9.75B $9.84B $7.86B
P/E 12-point trend, -37.9% 32.5 167.0 28.6 149.0 125.0 192.2 74.1 53.5 87.5 33.8 29.1 52.2
P/S 11-point trend, -26.8% 7.0 8.6 7.7 8.4 14.8 · 11.9 10.4 10.4 10.2 11.3 9.6
P/B 11-point trend, +27.4% 3.7 4.2 3.2 3.1 5.5 · 4.1 3.8 3.7 3.2 3.4 2.9
P / Tangible Book 6-point trend, +3.4% 3.7 4.2 3.2 3.1 5.6 3.6 · · · · · ·
P / Cash Flow 11-point trend, -33.4% 13.3 16.4 15.1 15.5 28.7 · 21.8 19.5 19.9 18.2 22.8 20.0
P / FCF 5-point trend, -3.4% · · · · · · · 19.6 19.9 18.3 23.0 20.3
Dividend Yield 11-point trend, +44.8% 4.7% 3.9% 4.3% 3.8% 2.3% · 2.8% 3.1% 3.2% 3.2% 2.9% 3.3%
Earnings Yield 12-point trend, +61.3% 3.1% 0.60% 3.5% 0.67% 0.80% 0.52% 1.4% 1.9% 1.1% 3.0% 3.4% 1.9%
Payout Ratio 11-point trend, -9.4% 150.3% 623.4% 121.5% 556.4% 289.2% · 207.1% 168.5% 269.7% 105.5% 83.2% 165.9%
Annual Payout 12-point trend, +121.7% $568M $558M $540M $484M $434M $419M $383M $342M $328M $309M $283M $256M

Financial Statements Income statement, balance sheet, cash flow — annual, last 5 years

Income Statement
2025-12-312024-12-312023-12-312022-12-312021-12-31
Revenue $1.71B$1.67B$1.63B$1.52B$1.29B
Operating Margin % 32.3%17.0%39.0%16.5%20.8%
Net Income $378M$90M$444M$87M$150M
Diluted EPS $1.13$0.26$1.34$0.26$0.48

Trading Signals Recent buy/sell signals with entry price and risk/reward ratio

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Institutional owners (13F) 557 filers · $9.1B total · As of June 30, 2026

Institutions that report holding this stock in their quarterly SEC Form 13F. Long positions only; a single filer may appear twice for separate option legs. Large offsetting put/call legs typically reflect market-making or hedged inventory, not directional conviction.

Institutional activity — Q2 2026 vs prior quarter
New positions Exited positions Increased Decreased Net shares change
82 (+3 vs prior Q) 73 (+12 vs prior Q) 154 (-26 vs prior Q) 199 (+26 vs prior Q) +64.8M

Compared to Q1 2026. SEC Form 13F filings are due within 45 days of quarter-end plus a short buffer for late filers — quarters still inside that window are skipped in favor of the most recent fully-reported pair.

Institution Value Shares % of tracked 13F Type
NORGES BANK $1,175,726,674 29,452,071 12.87% Shares
Capital Research Global Investors $1,020,660,229 25,567,641 11.17% Shares
VANGUARD PORTFOLIO MANAGEMENT LLC $1,018,618,361 25,516,492 11.15% Shares
VANGUARD CAPITAL MANAGEMENT LLC $810,050,931 20,291,857 8.86% Shares
STATE STREET CORP $773,866,246 19,385,427 8.47% Shares
CENTERSQUARE INVESTMENT MANAGEMENT LLC $349,592,494 8,757,327 3.83% Shares
FMR LLC $314,562,291 7,879,817 3.44% Shares
GEODE CAPITAL MANAGEMENT, LLC $305,567,179 7,668,756 3.34% Shares
CANADA PENSION PLAN INVESTMENT BOARD $219,560,000 5,500,000 2.40% Shares
WELLINGTON MANAGEMENT GROUP LLP $190,805,784 4,779,704 2.09% Shares
DIMENSIONAL FUND ADVISORS LP $179,064,408 4,485,581 1.96% Shares
CBRE INVESTMENT MANAGEMENT LISTED REAL ASSETS LLC $175,267,283 4,390,463 1.92% Shares
Daiwa Securities Group Inc. $139,791,816 3,501,799 1.53% Shares
Alyeska Investment Group, L.P. $106,418,017 2,665,782 1.16% Shares
Balyasny Asset Management L.P. $77,206,877 1,934,040 0.84% Shares
VANGUARD FIDUCIARY TRUST CO $67,316,577 1,686,287 0.74% Shares
Sumitomo Mitsui Trust Group, Inc. $56,962,846 1,426,925 0.62% Shares
ARROWSTREET CAPITAL, LIMITED PARTNERSHIP $54,311,120 1,360,499 0.59% Shares
TEACHER RETIREMENT SYSTEM OF TEXAS $48,511,023 1,215,206 0.53% Shares
Woodline Partners LP $47,975,936 1,201,802 0.52% Shares
MORGAN STANLEY $47,762,949 1,196,466 0.52% Shares
State of Tennessee, Department of Treasury $47,277,017 1,184,294 0.52% Shares
Hudson Bay Capital Management LP $47,127,835 1,180,557 0.52% Shares
AMERIPRISE FINANCIAL INC $46,157,092 1,156,236 0.51% Shares
LASALLE INVESTMENT MANAGEMENT SECURITIES LLC $45,703,011 1,144,865 0.50% Shares
BANK OF AMERICA CORP /DE/ $42,690,447 1,069,400 0.47% Shares
CITADEL ADVISORS LLC $41,843,066 1,048,173 0.46% Shares
GOLDMAN SACHS GROUP INC $36,254,146 908,170 0.40% Shares
FIRST TRUST ADVISORS LP $35,309,510 884,507 0.39% Shares
APG Asset Management US Inc. $33,643,231 828,243 0.37% Shares
UBS Group AG $32,734,400 820,000 0.36% Put option
Qube Research & Technologies Ltd $32,287,775 808,812 0.35% Shares
Callodine Capital Management, LP $32,120,390 804,619 0.35% Shares
JANE STREET GROUP, LLC $30,199,480 756,500 0.33% Call option
Apollo Management Holdings, L.P. $30,104,870 754,130 0.33% Shares
Hazelview Securities Inc. $28,508,941 693,817 0.31% Shares
Squarepoint Ops LLC $28,073,580 703,246 0.31% Shares
Nuveen, LLC $27,672,424 693,197 0.30% Shares
Investure, LLC $27,238,973 682,339 0.30% Shares
ADAGE CAPITAL PARTNERS GP, L.L.C. $26,505,802 663,973 0.29% Shares
Gotham Asset Management, LLC $25,609,399 641,518 0.28% Shares
California Public Employees Retirement System $25,340,458 634,781 0.28% Shares
Mitsubishi UFJ Asset Management Co., Ltd. $24,848,803 622,465 0.27% Shares
BNP PARIBAS FINANCIAL MARKETS $24,765,729 620,384 0.27% Shares
RENAISSANCE TECHNOLOGIES LLC $24,602,616 616,298 0.27% Shares
Vanguard Global Advisers, LLC $24,295,392 608,602 0.27% Shares
Point72 Asset Management, L.P. $23,998,307 601,160 0.26% Shares
SCHRODER INVESTMENT MANAGEMENT GROUP $23,719,278 591,061 0.26% Shares
Swiss National Bank $23,516,872 589,100 0.26% Shares
RHUMBLINE ADVISERS $23,371,834 585,469 0.26% Shares
Jain Global LLC $23,003,860 576,249 0.25% Shares
NEUBERGER BERMAN GROUP LLC $22,845,577 572,284 0.25% Shares
BARCLAYS PLC $22,048,335 552,313 0.24% Shares
SNOWWATER INVESTMENT PARTNERS, LLC $20,925,984 524,198 0.23% Shares
BlackRock, Inc. $20,803,510 521,130 0.23% Shares
Connor, Clark & Lunn Investment Management Ltd. $20,725,067 519,165 0.23% Shares
Asset Management One Co., Ltd. $20,060,692 593,863 0.22% Shares
PRINCIPAL FINANCIAL GROUP INC $19,462,916 487,548 0.21% Shares
PUBLIC EMPLOYEES RETIREMENT SYSTEM OF OHIO $18,765,793 470,085 0.21% Shares
CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM $18,372,233 543,879 0.20% Shares
Amundi $18,048,990 452,129 0.20% Shares
Schonfeld Strategic Advisors LLC $16,983,043 425,427 0.19% Shares
Pacific Heights Asset Management LLC $15,968,000 400,000 0.17% Shares
STATE OF WISCONSIN INVESTMENT BOARD $15,816,025 396,193 0.17% Shares
BAMCO INC /NY/ $14,878,144 372,699 0.16% Shares
Allianz Asset Management GmbH $14,545,092 364,356 0.16% Shares
BANK OF MONTREAL /CAN/ $13,923,537 348,786 0.15% Shares
Russell Investments Group, Ltd. $13,730,484 343,950 0.15% Shares
ALLIANCEBERNSTEIN L.P. $13,608,813 402,866 0.15% Shares
VANGUARD GROUP INC $13,529,455 368,851 0.15% Shares
EXCHANGE TRADED CONCEPTS, LLC $13,266,454 332,326 0.15% Shares
AXA Investment Managers S.A. $13,238,739 355,307 0.14% Shares
State of New Jersey Common Pension Fund D $13,029,170 326,382 0.14% Shares
MILLENNIUM MANAGEMENT LLC $12,986,734 325,319 0.14% Shares
COMMONWEALTH OF PENNSYLVANIA PUBLIC SCHOOL EMPLS RETRMT SYS $12,273,005 307,440 0.13% Shares
Universal- Beteiligungs- und Servicegesellschaft mbH $12,182,860 305,277 0.13% Shares
VANGUARD ASSET MANAGEMENT, Ltd $11,971,010 299,875 0.13% Shares
STATE BOARD OF ADMINISTRATION OF FLORIDA RETIREMENT SYSTEM $11,454,525 286,937 0.13% Shares
Vanguard Investments Australia, Ltd. $11,389,056 285,297 0.12% Shares
ALGERT GLOBAL LLC $10,893,370 272,880 0.12% Shares
Quantinno Capital Management LP $10,532,481 263,839 0.12% Shares
NISA INVESTMENT ADVISORS, LLC $9,803,633 245,582 0.11% Shares
MANUFACTURERS LIFE INSURANCE COMPANY, THE $9,457,208 236,904 0.10% Shares
Y-Intercept (Hong Kong) Ltd $9,341,799 234,013 0.10% Shares
Retirement Systems of Alabama $9,174,814 229,830 0.10% Shares
Chevy Chase Trust Holdings, LLC $8,994,495 225,313 0.10% Shares
Danica Pension, Livsforsikringsaktieselskab $8,962,280 224,506 0.10% Shares
Zurcher Kantonalbank (Zurich Cantonalbank) $8,930,623 223,713 0.10% Shares
Nuveen Asset Management, LLC $8,904,824 205,133 0.10% Shares
EVERGREEN CAPITAL MANAGEMENT LLC $8,870,783 222,214 0.10% Shares
Sophron Capital Management L.P. $8,509,227 213,157 0.09% Shares
MACQUARIE GROUP LTD $7,903,761 197,990 0.09% Shares
TUDOR INVESTMENT CORP ET AL $7,629,870 191,129 0.08% Shares
MANNING & NAPIER ADVISORS LLC $7,552,664 189,195 0.08% Shares
APG Asset Management N.V. $7,467,166 213,858 0.08% Shares
LANDMARK INVESTMENT PARTNERS, L.P. $7,167,761 193,045 0.08% Shares
PRUDENTIAL FINANCIAL INC $6,776,460 169,751 0.07% Shares
NEW YORK STATE COMMON RETIREMENT FUND $6,759,294 169,321 0.07% Shares
UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC $6,716,309 198,825 0.07% Shares
Verition Fund Management LLC $6,570,513 164,592 0.07% Shares

Company insiders 70 insiders · 37 officers · 16 directors

Insider Role Last activity Shares owned Buys 12m Sells 12m Net 12m
Thomas W Toomey Chairman, President and CEO June 5, 2026 S 810,455 0 1 $-3,140,000
David D. Bragg SVP - Chief Financial Officer July 23, 2026 F 27,892 0 0 $0
Joseph D Fisher President-CFO Feb. 9, 2023 D 4,794 0 0 $0
Thomas M Herzog SVP-Chief Financial Officer June 3, 2016 F 97,185 0 0 $0
Michael A Ernst Exec Vice President & CFO March 1, 2008 F 51,829 0 0 $0
Mary Ellen Norwood V President & Secretary April 3, 2008 W 0 0 0 $0
Scott A Shanaberger SeniorVice President March 14, 2006 S 5,729 0 0 $0
Harry G Alcock SVP-Chief Investment Officer Feb. 9, 2023 D 41,675 0 0 $0
Matthew A Cozad SVP-Corp Serv and Innovation Feb. 15, 2022 D 10,968 0 0 $0
Shawn G Johnston VP-Chief Accounting Officer Feb. 2, 2017 F 13,349 0 0 $0
Abram J Claude Vice President-Treasurer Feb. 4, 2016 F 6,121 0 0 $0
David G Thatcher Vice President-General Counsel Feb. 4, 2016 F 6,496 0 0 $0
Randall Scott Wesson Senior Vice President - CIO Feb. 4, 2016 F 41,259 0 0 $0
Andrew H Cantor Vice President-Acq & Disp Feb. 4, 2016 F 38,392 0 0 $0
Mark A Schumacher SVP-Chief Accounting Officer Feb. 4, 2016 F 25,231 0 0 $0
Christopher G Van Ens Vice President - IR Jan. 4, 2016 F 4,876 0 0 $0
William T Oshields III VP - Enterprise Risk Mgmt Jan. 4, 2016 F 5,349 0 0 $0
Sheri Henry Vice President June 24, 2013 S 6,939 0 0 $0
Elaine A Williams VP-Property Operations Feb. 26, 2013 F 13,062 0 0 $0
Mark M Culwell Senior Vice President Sept. 17, 2012 S 33,720 0 0 $0
Matthew T Akin Senior Vice President Oct. 31, 2011 A 100,072 0 0 $0
Douglas S Walker Senior Vice President June 30, 2011 F 14,133 0 0 $0
Cameron A Etezadi Senior Vice President March 1, 2011 F 13,610 0 0 $0
Richard A Giannotti Executive Vice President March 1, 2011 F 212,274 0 0 $0
Mark W Wallis Sr Exec Vice President Dec. 23, 2010 G 562,948 0 0 $0
Thomas A Spangler Senior Vice President Nov. 30, 2010 M 37,961 0 0 $0
Dhrubo K Sircar Senior Vice President April 24, 2009 F 10,385 0 0 $0
Thomas P Simon SVP & Treasurer April 24, 2009 F 16,159 0 0 $0
Stacy M Riffe Senior Vice President Feb. 26, 2008 A 8,438 0 0 $0
Lester C Boeckel Senior Vice President June 13, 2007 F 10,095 0 0 $0
Martha R Carlin Executive Vice President May 31, 2007 S 34,919 0 0 $0
Erin Ditto Obrien Senior Vice President March 12, 2007 F 7,667 0 0 $0
Patrick S Gregory Senior Vice President Feb. 8, 2007 A 16,822 0 0 $0
Christopher D Genry Executive Vice President Sept. 1, 2006 S 114,451 0 0 $0
Mark E Wood Senior Vice President June 15, 2006 M 45,387 0 0 $0
Michael J Kelly Senior Vice President Feb. 28, 2006 F 14,962 0 0 $0
Sara Jo Light Executive Vice President Feb. 15, 2006 A 10,613 0 0 $0
Jon A Grove Director Jan. 2, 2026 A 327,268 0 0 $0
Robert A Mcnamara Director Jan. 2, 2026 A 37,326 0 0 $0
Kevin C Nickelberry Director Jan. 3, 2023 A 1,400 0 0 $0
Clinton D Mcdonnough Director Jan. 3, 2023 A 8,496 0 0 $0
Mary Ann King Director Jan. 3, 2023 A 2,549 0 0 $0
Mark R Patterson Director Jan. 3, 2023 A 8,983 0 0 $0
Diane M Morefield Director Jan. 3, 2023 A 1,556 0 0 $0
James D Klingbeil Director Jan. 3, 2023 A 170,209 0 0 $0
Robert P Freeman Director Jan. 2, 2019 A 93,404 0 0 $0
Eric J Foss Director March 24, 2015 S 39,316 0 0 $0
Mark J Sandler Director Jan. 2, 2014 A 104,801 0 0 $0
Thomas C Wajnert Director April 3, 2012 S 3,571 0 0 $0
Thomas R Oliver Director Feb. 26, 2010 S 58,389 0 0 $0

Insiders from SEC Form 3/4/5 filings; net = open-market P/S only

Activists & 5%+ owners 1 position

Investors who filed SEC Schedule 13D — beneficial ownership above 5% with an intent to influence the issuer (activist stakes, board campaigns, M&A). Each row shows the most recent known state of that filer's position.

Filer Filed Stake Status Purpose Filing
Undisclosed reporting person, Undisclosed reporting person Aug. 20, 2001 — Initial filing — SEC

Purpose is an automated classification of the filer's own stated purpose (SEC Item 4) — not investment advice. "—" means no clear purpose was stated or the text could not be classified.

ETF ownership Held by 123 ETFs

Weight reflects direct equity holdings (N-PORT) only; leveraged or derivative-based funds may hold additional swap exposure not shown.

Fund Weight Units As of Source
LPRE · Exchange Listed Funds Trust 8.07% 342,242 NS May 31, 2026 N-PORT
HAUS · Tidal Trust I 4.16% 9,839 NS April 30, 2026 N-PORT
PSR · Invesco Actively Managed Exchange-T… 3.70% 57,742 Aug. 8, 2026 Daily
RSPR · Invesco Exchange-Traded Fund Trust 3.17% 82,699 Aug. 8, 2026 Daily
FPRO · FIDELITY COVINGTON TRUST 3.16% 12,943 NS April 30, 2026 N-PORT
REZ · iShares Trust 2.52% 570,861 SH Aug. 8, 2026 Daily
RNTY · Tidal Trust II 2.46% 3,445 NS April 30, 2026 N-PORT
JPRE · J.P. Morgan Exchange-Traded Fund Tr… 2.24% 287,960 NS May 31, 2026 N-PORT
RDOG · ALPS ETF Trust 2.08% 6,313 NS May 31, 2026 N-PORT
PPTY · ETF Series Solutions 1.91% 12,738 NS May 31, 2026 N-PORT
HOMZ · ETF Series Solutions 1.66% 15,283 NS May 31, 2026 N-PORT
IQRA · New York Life Investments Active ET… 1.55% 2,957 NS April 30, 2026 N-PORT
ICF · iShares Trust 1.52% 839,780 SH Aug. 8, 2026 Daily
VGSR · Manager Directed Portfolios 1.13% 154,165 NS March 31, 2026 N-PORT
BBRE · J.P. Morgan Exchange-Traded Fund Tr… 1.02% 340,144 NS May 31, 2026 N-PORT
USRT · iShares Trust 1.01% 1,219,430 SH Aug. 8, 2026 Daily
SPLV · Invesco Exchange-Traded Fund Trust … 0.94% 1,751,859 Aug. 8, 2026 Daily
DFAR · Dimensional ETF Trust 0.88% 406,264 NS April 30, 2026 N-PORT
ALTL · Pacer Funds Trust 0.83% 22,030 NS April 30, 2026 N-PORT
IYR · iShares Trust 0.82% 971,236 SH Aug. 8, 2026 Daily
URE · ProShares Trust 0.82% 12,396 NS May 31, 2026 N-PORT
SCHH · SCHWAB STRATEGIC TRUST 0.79% 2,127,535 NS May 31, 2026 N-PORT
DRN · Direxion Shares ETF Trust 0.76% 9,834 NS April 30, 2026 N-PORT
FREL · FIDELITY COVINGTON TRUST 0.75% 296,302 NS April 30, 2026 N-PORT
MILN · Global X Funds 0.72% 18,961 NS May 31, 2026 N-PORT
REET · iShares Trust 0.67% 887,555 SH Aug. 8, 2026 Daily
ERET · iShares Trust 0.64% 2,356 SH Aug. 8, 2026 Daily
VNQ · VANGUARD SPECIALIZED FUNDS 0.62% 11,164,196 SH Aug. 8, 2026 Daily
AVRE · AMERICAN CENTURY ETF TRUST 0.60% 131,254 NS May 31, 2026 N-PORT
DFGR · Dimensional ETF Trust 0.57% 553,863 NS April 30, 2026 N-PORT
IQSM · New York Life Investments ETF Trust 0.46% 39,583 NS April 30, 2026 N-PORT
VBK · VANGUARD INDEX FUNDS 0.36% 4,306,322 SH Aug. 8, 2026 Daily
RDIV · Invesco Exchange-Traded Fund Trust … 0.31% 113,058 Aug. 8, 2026 Daily
BKMC · BNY Mellon ETF Trust 0.30% 51,658 NS April 30, 2026 N-PORT
CSM · ProShares Trust 0.26% 37,495 NS May 31, 2026 N-PORT
JPME · J.P. Morgan Exchange-Traded Fund Tr… 0.23% 27,793 NS April 30, 2026 N-PORT
BBMC · J.P. Morgan Exchange-Traded Fund Tr… 0.22% 121,419 NS April 30, 2026 N-PORT
ISCG · iShares Trust 0.21% 54,313 SH Aug. 8, 2026 Daily
SCHM · SCHWAB STRATEGIC TRUST 0.21% 814,427 NS May 31, 2026 N-PORT
CAPE · DoubleLine ETF Trust 0.20% 15,546 NS March 31, 2026 N-PORT
GSEW · Goldman Sachs ETF Trust 0.19% 92,752 NS May 31, 2026 N-PORT
RSP · Invesco Exchange-Traded Fund Trust 0.18% 4,715,838 Aug. 8, 2026 Daily
ISCB · iShares Trust 0.18% 13,341 SH Aug. 8, 2026 Daily
SMMD · iShares Trust 0.16% 161,731 SH Aug. 8, 2026 Daily
VB · VANGUARD INDEX FUNDS 0.16% 7,453,769 SH Aug. 8, 2026 Daily
ISCV · iShares Trust 0.15% 27,213 SH Aug. 8, 2026 Daily
EQAL · Invesco Exchange-Traded Fund Trust … 0.14% 31,150 Aug. 8, 2026 Daily
IWS · iShares Trust 0.12% 487,475 SH Aug. 8, 2026 Daily
PFIG · Invesco Exchange-Traded Fund Trust … 0.11% 143,000 Aug. 8, 2026 Daily
WSML · iShares Trust 0.10% 17,998 SH Aug. 8, 2026 Daily