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

Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its stake in UDR, Inc. (NYSE:UDR) by 39.0% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 170,632 shares of the real estate investment trust’s stock after purchasing an additional 47,870 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS owned 0.05% of UDR worth $7,407,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Asset Management One Co. Ltd. increased its holdings in shares of UDR by 7.9% in the fourth quarter. Asset Management One Co. Ltd. now owns 587,772 shares of the real estate investment trust’s stock valued at $25,515,000 after purchasing an additional 42,926 shares during the last quarter. Principal Financial Group Inc. increased its holdings in shares of UDR by 45.7% in the fourth quarter. Principal Financial Group Inc. now owns 512,540 shares of the real estate investment trust’s stock valued at $22,249,000 after purchasing an additional 160,708 shares during the last quarter. JPMorgan Chase & Co. increased its holdings in shares of UDR by 5.0% in the third quarter. JPMorgan Chase & Co. now owns 7,774,541 shares of the real estate investment trust’s stock valued at $352,498,000 after purchasing an additional 368,087 shares during the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd increased its holdings in shares of UDR by 7.0% in the fourth quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 95,344 shares of the real estate investment trust’s stock valued at $4,139,000 after purchasing an additional 6,217 shares during the last quarter. Finally, Daiwa Securities Group Inc. increased its holdings in shares of UDR by 2.3% in the third quarter. Daiwa Securities Group Inc. now owns 7,109,980 shares of the real estate investment trust’s stock valued at $322,366,000 after purchasing an additional 159,625 shares during the last quarter. 97.84% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, CEO Thomas W. Toomey sold 25,000 shares of the company’s 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 transaction, the chief executive officer now owns 824,716 shares of the company’s stock, valued at $35,256,609. This represents a 2.94 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. 3.73% of the stock is currently owned by insiders.

UDR Stock Down 0.6 %

UDR stock opened at $43.36 on Friday. The stock has a market capitalization of $14.36 billion, a P/E ratio of 173.44, a price-to-earnings-growth ratio of 8.67 and a beta of 0.88. The company has a current ratio of 5.61, a quick ratio of 5.91 and a debt-to-equity ratio of 1.71. UDR, Inc. has a 12 month low of $35.14 and a 12 month high of $47.55. The firm has a 50-day moving average price of $42.75 and a 200-day moving average price of $43.78.

UDR (NYSE:UDR) last posted its earnings results on Wednesday, February 5th. The real estate investment trust reported $0.63 EPS for the quarter, topping analysts’ consensus estimates of $0.10 by $0.53. UDR had a net margin of 5.36% and a return on equity of 2.65%. As a group, equities research analysts anticipate that UDR, Inc. will post 2.51 EPS 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 paid a $0.43 dividend. The ex-dividend date is Thursday, April 10th. This represents a $1.72 annualized dividend and a dividend yield of 3.97%. This is an increase from UDR’s previous quarterly dividend of $0.43. UDR’s dividend payout ratio is currently 688.00%.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on UDR. Jefferies Financial Group cut shares of UDR from a “buy” rating to a “hold” rating and reduced their target price for the company from $50.00 to $45.00 in a research report on Thursday, January 2nd. Royal Bank of Canada boosted their target price on shares of UDR from $43.00 to $44.00 and gave the company a “sector perform” rating in a research report on Friday, February 7th. Truist Financial cut 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 report on Monday, March 10th. Evercore ISI boosted their target price on shares of UDR from $43.00 to $45.00 and gave the company an “in-line” rating in a research report on Monday, February 10th. Finally, Zelman & Associates reaffirmed a “neutral” rating on shares of UDR in a research report on Thursday, February 13th. One research analyst has rated the stock with a sell rating, eleven have assigned a hold rating and seven have given a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus 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.