Kentucky Retirement Systems Insurance Trust Fund Sells 886 Shares of UDR, Inc. (NYSE:UDR)

Kentucky Retirement Systems Insurance Trust Fund decreased its position in UDR, Inc. (NYSE:UDR) by 9.1% during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 8,886 shares of the real estate investment trust’s stock after selling 886 shares during the quarter. Kentucky Retirement Systems Insurance Trust Fund’s holdings in UDR were worth $403,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in the company. Empowered Funds LLC grew its holdings in shares of UDR by 7.1% in the 3rd quarter. Empowered Funds LLC now owns 5,246 shares of the real estate investment trust’s stock worth $238,000 after purchasing an additional 350 shares during the last quarter. CIBC Asset Management Inc grew its holdings in UDR by 7.5% during the 3rd quarter. CIBC Asset Management Inc now owns 44,637 shares of the real estate investment trust’s stock worth $2,024,000 after acquiring an additional 3,110 shares during the last quarter. Metis Global Partners LLC grew its holdings in UDR by 20.7% during the 3rd quarter. Metis Global Partners LLC now owns 40,713 shares of the real estate investment trust’s stock worth $1,846,000 after acquiring an additional 6,976 shares during the last quarter. KBC Group NV grew its holdings in UDR by 658.5% during the 3rd quarter. KBC Group NV now owns 308,312 shares of the real estate investment trust’s stock worth $13,979,000 after acquiring an additional 267,662 shares during the last quarter. Finally, MQS Management LLC bought a new stake in UDR during the 3rd quarter worth about $712,000. Institutional investors own 97.84% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have commented on UDR. Wedbush increased their price objective on shares of UDR from $45.00 to $49.00 and gave the stock an “outperform” rating in a report on Monday, August 5th. Evercore ISI upped their target price on shares of UDR from $42.00 to $43.00 and gave the company an “in-line” rating in a research report on Monday, September 9th. BNP Paribas began coverage on shares of UDR in a research report on Wednesday, September 11th. They set an “outperform” rating and a $49.00 target price on the stock. Deutsche Bank Aktiengesellschaft upped their target price on shares of UDR from $40.00 to $44.00 and gave the company a “hold” rating in a research report on Tuesday, September 10th. Finally, Piper Sandler increased their price target on shares of UDR from $40.00 to $46.00 and gave the company a “neutral” rating in a research report on Monday, August 26th. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating and eight have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $45.18.

UDR Trading Up 0.1 %

Shares of UDR stock opened at $44.50 on Wednesday. UDR, Inc. has a 1 year low of $32.37 and a 1 year high of $47.55. The company has a debt-to-equity ratio of 1.69, a current ratio of 5.91 and a quick ratio of 5.91. The company has a market capitalization of $14.68 billion, a price-to-earnings ratio of 120.27, a P/E/G ratio of 12.30 and a beta of 0.85. The business has a fifty day simple moving average of $44.63 and a two-hundred day simple moving average of $42.18.

UDR Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, October 31st. Stockholders of record on Thursday, October 10th were issued a dividend of $0.425 per share. This represents a $1.70 dividend on an annualized basis and a dividend yield of 3.82%. The ex-dividend date of this dividend was Thursday, October 10th. UDR’s dividend payout ratio is currently 459.47%.

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.