State Board of Administration of Florida Retirement System Has $15.26 Million Holdings in UDR, Inc. (NYSE:UDR)

State Board of Administration of Florida Retirement System lifted its holdings in shares of UDR, Inc. (NYSE:UDRFree Report) by 18.0% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 427,726 shares of the real estate investment trust’s stock after acquiring an additional 65,252 shares during the period. State Board of Administration of Florida Retirement System owned approximately 0.13% of UDR worth $15,257,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Private Advisor Group LLC lifted its stake in shares of UDR by 4.8% during the 1st quarter. Private Advisor Group LLC now owns 10,150 shares of the real estate investment trust’s stock valued at $582,000 after buying an additional 461 shares in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its holdings in shares of UDR by 9.7% in the 1st quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 40,015 shares of the real estate investment trust’s stock worth $2,296,000 after buying an additional 3,535 shares during the last quarter. Aviva PLC grew its holdings in shares of UDR by 68.5% during the 1st quarter. Aviva PLC now owns 72,356 shares of the real estate investment trust’s stock valued at $4,151,000 after purchasing an additional 29,403 shares during the last quarter. Allianz Asset Management GmbH grew its holdings in shares of UDR by 0.6% during the 1st quarter. Allianz Asset Management GmbH now owns 465,509 shares of the real estate investment trust’s stock valued at $26,706,000 after purchasing an additional 2,630 shares during the last quarter. Finally, Prudential PLC bought a new position in shares of UDR during the 1st quarter valued at $369,000. 91.68% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities analysts recently commented on the stock. Wells Fargo & Company lowered shares of UDR from an “overweight” rating to an “equal weight” rating and reduced their target price for the company from $42.50 to $34.00 in a report on Tuesday, November 7th. Mizuho increased their price target on shares of UDR from $34.00 to $38.00 and gave the company a “neutral” rating in a research report on Wednesday, January 10th. KeyCorp dropped their price target on shares of UDR from $48.00 to $45.00 and set an “overweight” rating for the company in a research report on Wednesday, December 13th. Piper Sandler cut shares of UDR from a “neutral” rating to an “underweight” rating and dropped their price target for the company from $46.00 to $30.00 in a research report on Tuesday, October 31st. Finally, Bank of America cut shares of UDR from a “buy” rating to a “neutral” rating and dropped their target price for the stock from $42.00 to $33.00 in a research report on Tuesday, October 31st. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and seven have issued a buy rating to the company’s stock. According to data from MarketBeat, UDR presently has a consensus rating of “Hold” and an average target price of $42.69.

Get Our Latest Stock Analysis on UDR

Insider Buying and Selling at UDR

In other UDR news, CEO Thomas W. Toomey sold 45,000 shares of the company’s stock in a transaction that occurred on Tuesday, December 26th. The shares were sold at an average price of $37.90, for a total transaction of $1,705,500.00. Following the completion of the sale, the chief executive officer now directly owns 939,716 shares of the company’s stock, valued at $35,615,236.40. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 3.41% of the stock is owned by corporate insiders.

UDR Stock Down 0.3 %

UDR opened at $35.37 on Monday. The company has a quick ratio of 5.43, a current ratio of 1.12 and a debt-to-equity ratio of 1.47. The firm has a 50 day moving average price of $37.04 and a 200-day moving average price of $36.60. UDR, Inc. has a twelve month low of $30.95 and a twelve month high of $45.46. The stock has a market capitalization of $11.63 billion, a price-to-earnings ratio of 26.40, a PEG ratio of 2.37 and a beta of 0.81.

UDR Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, January 31st. Shareholders of record on Wednesday, January 10th were issued a dividend of $0.42 per share. The ex-dividend date was Tuesday, January 9th. This represents a $1.68 dividend on an annualized basis and a yield of 4.75%. UDR’s dividend payout ratio is currently 125.37%.

UDR Profile

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for UDR (NYSE:UDR)

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