Teacher Retirement System of Texas Boosts Stock Position in UDR, Inc. (NYSE:UDR)

Teacher Retirement System of Texas boosted its holdings in shares of UDR, Inc. (NYSE:UDR) by 27.5% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 180,061 shares of the real estate investment trust’s stock after acquiring an additional 38,852 shares during the quarter. Teacher Retirement System of Texas’ holdings in UDR were worth $7,816,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of the business. Exchange Traded Concepts LLC boosted its holdings in UDR by 8.8% during the 4th quarter. Exchange Traded Concepts LLC now owns 3,330 shares of the real estate investment trust’s stock valued at $145,000 after acquiring an additional 269 shares during the period. Empowered Funds LLC lifted its holdings in shares of UDR by 7.1% in the 3rd quarter. Empowered Funds LLC now owns 5,246 shares of the real estate investment trust’s stock worth $238,000 after buying an additional 350 shares during the period. Smartleaf Asset Management LLC lifted its holdings in shares of UDR by 68.7% in the 4th quarter. Smartleaf Asset Management LLC now owns 1,206 shares of the real estate investment trust’s stock worth $52,000 after buying an additional 491 shares during the period. IRON Financial LLC lifted its holdings in shares of UDR by 3.0% in the 4th quarter. IRON Financial LLC now owns 17,674 shares of the real estate investment trust’s stock worth $767,000 after buying an additional 511 shares during the period. Finally, Salem Investment Counselors Inc. lifted its holdings in shares of UDR by 62.7% in the 4th quarter. Salem Investment Counselors Inc. now owns 1,349 shares of the real estate investment trust’s stock worth $59,000 after buying an additional 520 shares during the period. Hedge funds and other institutional investors own 97.84% of the company’s stock.

Insider Activity

In other news, CEO Thomas W. Toomey sold 25,000 shares of the stock in a transaction dated Thursday, February 20th. The stock was sold at an average price of $42.75, for a total value of $1,068,750.00. Following the transaction, the chief executive officer now directly owns 824,716 shares of the company’s stock, valued at approximately $35,256,609. This represents a 2.94 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 3.73% of the company’s stock.

UDR Trading Down 0.6 %

Shares of NYSE:UDR opened at $43.36 on Friday. The business’s 50-day moving average is $42.75 and its 200 day moving average is $43.77. UDR, Inc. has a 1 year low of $35.14 and a 1 year high of $47.55. The firm has a market capitalization of $14.36 billion, a P/E ratio of 173.44, a P/E/G ratio of 8.67 and a beta of 0.88. The company has a debt-to-equity ratio of 1.71, a current ratio of 5.61 and a quick ratio of 5.91.

UDR (NYSE:UDR) last announced its quarterly earnings data on Wednesday, February 5th. The real estate investment trust reported $0.63 earnings per share for the quarter, beating analysts’ consensus estimates of $0.10 by $0.53. UDR had a return on equity of 2.65% and a net margin of 5.36%. On average, research analysts predict that UDR, Inc. will post 2.51 earnings per share for the current fiscal year.

UDR Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Thursday, April 10th will be issued a $0.43 dividend. The ex-dividend date is Thursday, April 10th. This is a positive change from UDR’s previous quarterly dividend of $0.43. This represents a $1.72 dividend on an annualized basis and a dividend yield of 3.97%. UDR’s dividend payout ratio is currently 688.00%.

Analysts Set New Price Targets

Several brokerages have weighed in on UDR. Jefferies Financial Group cut UDR from a “buy” rating to a “hold” rating and lowered their target price for the stock from $50.00 to $45.00 in a report on Thursday, January 2nd. Truist Financial cut UDR from a “buy” rating to a “hold” rating and upped their target price for the stock from $45.00 to $46.00 in a report on Monday, March 10th. Wells Fargo & Company lowered their target price on UDR from $48.00 to $45.00 and set an “overweight” rating for the company in a report on Friday, January 24th. Royal Bank of Canada upped their price objective on UDR from $43.00 to $44.00 and gave the stock a “sector perform” rating in a research note on Friday, February 7th. Finally, Zelman & Associates restated a “neutral” rating on shares of UDR in a research note on Thursday, February 13th. One investment analyst has rated the stock with a sell rating, eleven have assigned a hold rating and seven have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and an average price target of $46.12.

UDR 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.