UDR, Inc. (NYSE:UDR) Shares Sold by Maryland State Retirement & Pension System

Maryland State Retirement & Pension System lowered its stake in shares of UDR, Inc. (NYSE:UDR) by 6.5% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 17,526 shares of the real estate investment trust’s stock after selling 1,227 shares during the quarter. Maryland State Retirement & Pension System’s holdings in UDR were worth $761,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also modified their holdings of the stock. Brooklyn Investment Group acquired a new stake in UDR during the 3rd quarter worth $33,000. Continuum Advisory LLC grew its holdings in shares of UDR by 5,335.3% during the third quarter. Continuum Advisory LLC now owns 924 shares of the real estate investment trust’s stock worth $41,000 after purchasing an additional 907 shares during the last quarter. Smartleaf Asset Management LLC increased its position in shares of UDR by 68.7% during the fourth quarter. Smartleaf Asset Management LLC now owns 1,206 shares of the real estate investment trust’s stock worth $52,000 after purchasing an additional 491 shares in the last quarter. 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 valued at $59,000 after purchasing an additional 520 shares during the last quarter. Finally, Catalyst Capital Advisors LLC acquired a new stake in shares of UDR in the 4th quarter valued at about $63,000. Hedge funds and other institutional investors own 97.84% of the company’s stock.

UDR Price Performance

Shares of NYSE UDR opened at $44.35 on Tuesday. The company has a debt-to-equity ratio of 1.71, a quick ratio of 5.91 and a current ratio of 5.61. UDR, Inc. has a one year low of $35.14 and a one year high of $47.55. The firm has a market capitalization of $14.68 billion, a P/E ratio of 177.38, a PEG ratio of 8.67 and a beta of 0.88. The company’s fifty day moving average is $42.82 and its two-hundred day moving average is $43.77.

UDR (NYSE:UDR) last issued its earnings results on Wednesday, February 5th. The real estate investment trust reported $0.63 earnings per share for the quarter, topping the consensus estimate of $0.10 by $0.53. UDR had a net margin of 5.36% and a return on equity of 2.65%. Analysts forecast 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. Investors of record on Thursday, April 10th will be issued a dividend of $0.43 per share. The ex-dividend date is Thursday, April 10th. This is a boost from UDR’s previous quarterly dividend of $0.43. This represents a $1.72 annualized dividend and a yield of 3.88%. UDR’s payout ratio is currently 688.00%.

Wall Street Analyst Weigh In

Several research analysts have commented on the company. Wells Fargo & Company cut their price target on UDR from $48.00 to $45.00 and set an “overweight” rating on the stock in a research report on Friday, January 24th. Truist Financial downgraded shares of UDR from a “buy” rating to a “hold” rating and upped their price target for the company from $45.00 to $46.00 in a research report on Monday, March 10th. Evercore ISI raised their price objective 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. Mizuho dropped their price objective on shares of UDR from $47.00 to $45.00 and set a “neutral” rating on the stock in a research note on Monday, January 6th. Finally, Jefferies Financial Group lowered UDR from a “buy” rating to a “hold” rating and lowered their price target for the stock from $50.00 to $45.00 in a report on Thursday, January 2nd. One investment analyst has rated the stock with a sell rating, eleven have given a hold rating and seven have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $46.12.

Insiders Place Their Bets

In related news, CEO Thomas W. Toomey sold 25,000 shares of the business’s stock in a transaction dated Thursday, February 20th. The shares were sold at an average price of $42.75, for a total value of $1,068,750.00. Following the sale, the chief executive officer now directly owns 824,716 shares in the company, valued at $35,256,609. The trade was a 2.94 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 3.73% of the stock is owned by company insiders.

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.