Commonwealth of Pennsylvania Public School Empls Retrmt SYS Has $7.41 Million Stock Position in UDR, Inc. (NYSE:UDR)

Commonwealth of Pennsylvania Public School Empls Retrmt SYS grew its holdings in UDR, Inc. (NYSE:UDR - Free Report) by 39.0% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 170,632 shares of the real estate investment trust's stock after acquiring an additional 47,870 shares during the quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS owned 0.05% of UDR worth $7,407,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. iA Global Asset Management Inc. boosted its holdings in UDR by 24.4% in the 4th quarter. iA Global Asset Management Inc. now owns 18,156 shares of the real estate investment trust's stock valued at $788,000 after purchasing an additional 3,567 shares during the period. Teacher Retirement System of Texas raised its position in shares of UDR by 27.5% during the fourth quarter. Teacher Retirement System of Texas now owns 180,061 shares of the real estate investment trust's stock valued at $7,816,000 after buying an additional 38,852 shares during the last quarter. Royal London Asset Management Ltd. lifted its stake in shares of UDR by 7.9% in the fourth quarter. Royal London Asset Management Ltd. now owns 173,426 shares of the real estate investment trust's stock valued at $7,528,000 after buying an additional 12,648 shares during the period. OVERSEA CHINESE BANKING Corp Ltd grew its position in UDR by 23.1% during the fourth quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 177,096 shares of the real estate investment trust's stock worth $7,688,000 after buying an additional 33,280 shares in the last quarter. Finally, Generali Asset Management SPA SGR bought a new position in UDR during the fourth quarter valued at about $844,000. Institutional investors and hedge funds own 97.84% of the company's stock.

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UDR Price Performance

UDR stock traded up $0.25 on Wednesday, reaching $44.33. The company's stock had a trading volume of 1,136,574 shares, compared to its average volume of 2,030,239. The business's fifty day moving average price is $42.87 and its 200 day moving average price is $43.77. The company has a debt-to-equity ratio of 1.71, a quick ratio of 5.91 and a current ratio of 5.61. The company has a market cap of $14.68 billion, a price-to-earnings ratio of 177.30, a PEG ratio of 8.67 and a beta of 0.88. UDR, Inc. has a twelve month low of $35.14 and a twelve month high of $47.55.

UDR (NYSE:UDR - Get Free Report) last released its quarterly earnings results on Wednesday, February 5th. The real estate investment trust reported $0.63 earnings per share (EPS) 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%. Equities analysts expect 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. Shareholders of record on Thursday, April 10th will be issued a dividend of $0.43 per share. This is an increase from UDR's previous quarterly dividend of $0.43. The ex-dividend date of this dividend is Thursday, April 10th. This represents a $1.72 annualized dividend and a yield of 3.88%. UDR's dividend payout ratio is currently 688.00%.

Analyst Ratings Changes

A number of analysts have commented on UDR shares. StockNews.com upgraded UDR from a "sell" rating to a "hold" rating in a research report on Thursday, February 6th. Evercore ISI raised their target price on UDR from $43.00 to $45.00 and gave the stock an "in-line" rating in a research report on Monday, February 10th. Wells Fargo & Company lowered their price target on shares of UDR from $48.00 to $45.00 and set an "overweight" rating on the stock in a report on Friday, January 24th. Truist Financial cut shares of UDR from a "buy" rating to a "hold" rating and increased their price objective for the company from $45.00 to $46.00 in a research note on Monday, March 10th. Finally, Zelman & Associates reissued a "neutral" rating on shares of UDR in a research note on Thursday, February 13th. One research 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. According to MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus target price of $46.12.

Insider Buying and Selling at UDR

In other UDR news, CEO Thomas W. Toomey sold 25,000 shares of the business's stock in a transaction dated Thursday, February 20th. The stock was sold at an average price of $42.75, for a total transaction of $1,068,750.00. Following the completion of the sale, the chief executive officer now directly owns 824,716 shares of the company's stock, valued at approximately $35,256,609. The trade was a 2.94 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Corporate insiders own 3.73% of the company's stock.

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.