UDR, Inc. (NYSE:UDR) Shares Acquired by Teacher Retirement System of Texas

Teacher Retirement System of Texas lifted its holdings in UDR, Inc. (NYSE:UDR - Free Report) by 27.5% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 180,061 shares of the real estate investment trust's stock after purchasing an additional 38,852 shares during the quarter. Teacher Retirement System of Texas owned 0.05% of UDR worth $7,816,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of the business. Exchange Traded Concepts LLC grew its position in UDR by 8.8% in the fourth quarter. Exchange Traded Concepts LLC now owns 3,330 shares of the real estate investment trust's stock worth $145,000 after acquiring an additional 269 shares in the last quarter. Empowered Funds LLC increased its position in UDR by 7.1% during the third quarter. Empowered Funds LLC now owns 5,246 shares of the real estate investment trust's stock valued at $238,000 after acquiring an additional 350 shares during the last quarter. Smartleaf Asset Management LLC raised its stake in shares of UDR by 68.7% in the fourth quarter. Smartleaf Asset Management LLC now owns 1,206 shares of the real estate investment trust's stock valued at $52,000 after acquiring an additional 491 shares during the period. IRON Financial LLC boosted its stake in shares of UDR by 3.0% during the 4th quarter. IRON Financial LLC now owns 17,674 shares of the real estate investment trust's stock worth $767,000 after purchasing an additional 511 shares during the period. Finally, Salem Investment Counselors Inc. raised its position in 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 purchasing an additional 520 shares during the period. Institutional investors own 97.84% of the company's stock.

Remove Ads

Insider Buying and Selling at UDR

In related news, CEO Thomas W. Toomey sold 25,000 shares of the stock in a transaction that occurred on 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 completion of the sale, the chief executive officer now owns 824,716 shares of the company's stock, valued at approximately $35,256,609. This trade represents a 2.94 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 3.73% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on UDR. Truist Financial lowered shares of UDR from a "buy" rating to a "hold" rating and boosted their target price for the company from $45.00 to $46.00 in a research note on Monday, March 10th. Jefferies Financial Group lowered UDR from a "buy" rating to a "hold" rating and decreased their target price for the company from $50.00 to $45.00 in a research report on Thursday, January 2nd. Barclays dropped their price target on UDR from $50.00 to $48.00 and set an "overweight" rating on the stock in a research report on Friday, January 24th. StockNews.com raised shares of UDR from a "sell" rating to a "hold" rating in a research note on Thursday, February 6th. Finally, Evercore ISI upped their price target on shares of UDR from $43.00 to $45.00 and gave the stock an "in-line" rating in a research report on Monday, February 10th. One research analyst has rated the stock with a sell rating, eleven have issued a hold rating and seven have given a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Hold" and a consensus price target of $46.12.

UDR Stock Performance

Shares of NYSE UDR traded down $0.11 during midday trading on Thursday, reaching $44.24. 1,467,650 shares of the stock were exchanged, compared to its average volume of 2,030,312. The firm has a market cap of $14.65 billion, a price-to-earnings ratio of 176.94, a PEG ratio of 8.67 and a beta of 0.88. The company has a quick ratio of 5.91, a current ratio of 5.61 and a debt-to-equity ratio of 1.71. The firm has a 50-day simple moving average of $42.94 and a two-hundred day simple moving average of $43.77. 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 posted its quarterly earnings data on Wednesday, February 5th. The real estate investment trust reported $0.63 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%. As a group, analysts anticipate that UDR, Inc. will post 2.51 EPS for the current fiscal year.

UDR Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, April 30th. Investors of record on Thursday, April 10th will be given a dividend of $0.43 per share. This represents a $1.72 annualized dividend and a dividend yield of 3.89%. This is a boost from UDR's previous quarterly dividend of $0.43. The ex-dividend date of this dividend is Thursday, April 10th. UDR's payout ratio is presently 688.00%.

UDR Company 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.