UDR, Inc. (NYSE:UDR) Stock Position Lowered by Louisiana State Employees Retirement System

Louisiana State Employees Retirement System lessened its position in UDR, Inc. (NYSE:UDR) by 4.1% in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 16,200 shares of the real estate investment trust’s stock after selling 700 shares during the quarter. Louisiana State Employees Retirement System’s holdings in UDR were worth $703,000 as of its most recent filing with the SEC.

Other hedge funds have also made changes to their positions in the company. Activest Wealth Management purchased a new stake in shares of UDR in the 3rd quarter valued at approximately $27,000. Brooklyn Investment Group purchased a new stake in UDR in the 3rd quarter worth approximately $33,000. Continuum Advisory LLC lifted its position in UDR by 5,335.3% in the 3rd quarter. Continuum Advisory LLC now owns 924 shares of the real estate investment trust’s stock worth $41,000 after buying an additional 907 shares in the last quarter. Salem Investment Counselors Inc. lifted 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 buying an additional 520 shares in the last quarter. Finally, Eastern Bank purchased a new stake in UDR in the 4th quarter worth approximately $68,000. Hedge funds and other institutional investors own 97.84% of the company’s stock.

UDR Stock Performance

NYSE:UDR opened at $43.04 on Wednesday. The company has a current ratio of 1.32, a quick ratio of 5.91 and a debt-to-equity ratio of 1.71. The firm has a market capitalization of $14.20 billion, a PE ratio of 172.16, a PEG ratio of 11.72 and a beta of 0.88. The firm’s fifty day simple moving average is $42.41 and its 200 day simple moving average is $43.55. UDR, Inc. has a 1 year low of $34.76 and a 1 year high of $47.55.

UDR (NYSE:UDR) last posted its quarterly earnings results on Wednesday, February 5th. The real estate investment trust reported $0.63 earnings per share (EPS) 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%. On average, sell-side analysts anticipate that UDR, Inc. will post 2.51 EPS for the current year.

UDR Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, January 31st. Shareholders of record on Thursday, January 9th were given a $0.425 dividend. The ex-dividend date of this dividend was Friday, January 10th. This represents a $1.70 annualized dividend and a yield of 3.95%. UDR’s dividend payout ratio is 680.00%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on UDR shares. Zelman & Associates reiterated a “neutral” rating on shares of UDR in a research report on Thursday, February 13th. StockNews.com upgraded shares of UDR from a “sell” rating to a “hold” rating in a research report on Thursday, February 6th. Evercore ISI increased their target price 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 cut their price target on shares of UDR from $47.00 to $45.00 and set a “neutral” rating on the stock in a report on Monday, January 6th. Finally, Scotiabank raised their price target on shares of UDR from $48.00 to $49.00 and gave the company a “sector perform” rating in a report on Friday, February 14th. One analyst has rated the stock with a sell rating, ten have issued a hold rating and eight have assigned a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $46.18.

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.