Arizona State Retirement System Has $3.95 Million Stock Position in UDR, Inc. (NYSE:UDR)

Arizona State Retirement System boosted its stake in shares of UDR, Inc. (NYSE:UDR) by 1.5% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 90,987 shares of the real estate investment trust’s stock after purchasing an additional 1,358 shares during the quarter. Arizona State Retirement System’s holdings in UDR were worth $3,950,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Activest Wealth Management acquired a new position in UDR during the 3rd quarter valued at $27,000. Brooklyn Investment Group acquired a new position in UDR during the 3rd quarter valued at $33,000. Continuum Advisory LLC raised its stake in UDR by 5,335.3% during the 3rd quarter. Continuum Advisory LLC now owns 924 shares of the real estate investment trust’s stock valued at $41,000 after purchasing an additional 907 shares during the last quarter. Smartleaf Asset Management LLC raised its stake in UDR by 68.7% during the 4th quarter. Smartleaf Asset Management LLC now owns 1,206 shares of the real estate investment trust’s stock valued at $52,000 after purchasing an additional 491 shares during the last quarter. Finally, Salem Investment Counselors Inc. raised its stake in UDR by 62.7% during 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. 97.84% of the stock is currently owned by institutional investors and hedge funds.

UDR Stock Up 0.5 %

UDR opened at $44.43 on Friday. The firm’s 50-day simple moving average is $42.47 and its 200-day simple moving average is $43.79. 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 twelve month low of $35.14 and a twelve month high of $47.55. The firm has a market cap of $14.71 billion, a price-to-earnings ratio of 177.72, a PEG ratio of 8.67 and a beta of 0.88.

UDR (NYSE:UDR) last issued 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%. Equities research analysts anticipate that UDR, Inc. will post 2.51 EPS for the current fiscal year.

UDR Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, January 31st. Investors of record on Thursday, January 9th were given a dividend of $0.425 per share. The ex-dividend date of this dividend was Friday, January 10th. This represents a $1.70 annualized dividend and a yield of 3.83%. UDR’s dividend payout ratio (DPR) is 680.00%.

Insider Buying and Selling

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

Analyst Upgrades and Downgrades

Several equities analysts recently commented on the stock. Royal Bank of Canada upped their target price on shares of UDR from $43.00 to $44.00 and gave the company a “sector perform” rating in a research note on Friday, February 7th. Jefferies Financial Group cut shares of UDR from a “buy” rating to a “hold” rating and cut their target price for the company from $50.00 to $45.00 in a research note on Thursday, January 2nd. Evercore ISI boosted their price target on shares of UDR from $43.00 to $45.00 and gave the company an “in-line” rating in a report on Monday, February 10th. StockNews.com raised shares of UDR from a “sell” rating to a “hold” rating in a report on Thursday, February 6th. Finally, Barclays lowered their price target on shares of UDR from $50.00 to $48.00 and set an “overweight” rating on the stock in a report on Friday, January 24th. 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 stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target 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.