Kentucky Retirement Systems Has $895,000 Stake in UDR, Inc. (NYSE:UDR)

Kentucky Retirement Systems trimmed its holdings in shares of UDR, Inc. (NYSE:UDR) by 1.4% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 20,625 shares of the real estate investment trust’s stock after selling 284 shares during the period. Kentucky Retirement Systems’ holdings in UDR were worth $895,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Activest Wealth Management acquired a new stake in UDR during the 3rd quarter valued at $27,000. Brooklyn Investment Group acquired a new stake in shares of UDR in the 3rd quarter valued at $33,000. Continuum Advisory LLC increased its stake in shares of UDR by 5,335.3% in the 3rd quarter. Continuum Advisory LLC now owns 924 shares of the real estate investment trust’s stock valued at $41,000 after buying an additional 907 shares during the period. Salem Investment Counselors Inc. increased its stake 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 buying an additional 520 shares during the period. Finally, Catalyst Capital Advisors LLC acquired a new stake in shares of UDR in the 4th quarter valued at $63,000. 97.84% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research firms have recently commented on UDR. Barclays lowered their target price on UDR from $50.00 to $48.00 and set an “overweight” rating for the company in a research note on Friday, January 24th. Wells Fargo & Company lowered their target price on UDR from $48.00 to $45.00 and set an “overweight” rating for the company in a research note on Friday, January 24th. Mizuho lowered their target price on UDR from $47.00 to $45.00 and set a “neutral” rating for the company in a research note on Monday, January 6th. Jefferies Financial Group cut UDR from a “buy” rating to a “hold” rating and lowered their target price for the company from $50.00 to $45.00 in a research note on Thursday, January 2nd. Finally, Evercore ISI lifted their price objective on UDR from $43.00 to $45.00 and gave the stock an “in-line” rating in a research note on Monday, February 10th. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating and eight have given a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $46.18.

Insider Activity

In other 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 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 ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Corporate insiders own 3.73% of the company’s stock.

UDR Stock Performance

UDR stock opened at $43.21 on Tuesday. The business’s 50-day moving average price is $42.27 and its two-hundred day moving average price is $43.61. The company has a current ratio of 5.61, a quick ratio of 5.91 and a debt-to-equity ratio of 1.71. The firm has a market cap of $14.31 billion, a PE ratio of 172.82, a P/E/G ratio of 8.67 and a beta of 0.88. UDR, Inc. has a 1-year low of $34.76 and a 1-year high of $47.55.

UDR (NYSE:UDR) last issued its quarterly earnings results 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, research analysts forecast that UDR, Inc. will post 2.51 earnings per share for the current year.

UDR Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, January 31st. Stockholders of record on Thursday, January 9th were issued a $0.425 dividend. The ex-dividend date was Friday, January 10th. This represents a $1.70 dividend on an annualized basis and a dividend yield of 3.93%. UDR’s dividend payout ratio (DPR) is 680.00%.

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.