Teacher Retirement System of Texas Increases Stock Holdings in UDR, Inc. (NYSE:UDR)

Teacher Retirement System of Texas boosted its position in UDR, Inc. (NYSE:UDR) by 27.5% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 180,061 shares of the real estate investment trust’s stock after purchasing an additional 38,852 shares during the period. Teacher Retirement System of Texas owned about 0.05% of UDR worth $7,816,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Brooklyn Investment Group purchased a new position in shares of UDR during the 3rd quarter valued at about $33,000. Continuum Advisory LLC lifted its position in shares of 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 buying an additional 907 shares in the last quarter. Smartleaf Asset Management LLC lifted its position in shares of 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 buying an additional 491 shares in the last quarter. Salem Investment Counselors Inc. lifted its position in shares of 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 buying an additional 520 shares in the last quarter. Finally, Catalyst Capital Advisors LLC purchased a new position in shares of UDR during the 4th quarter valued at about $63,000. 97.84% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

UDR has been the topic of a number of analyst reports. StockNews.com raised UDR from a “sell” rating to a “hold” rating in a research report on Thursday, February 6th. Jefferies Financial Group cut UDR from a “buy” rating to a “hold” rating and lowered their price objective for the company from $50.00 to $45.00 in a research report on Thursday, January 2nd. Mizuho decreased their target price on UDR from $47.00 to $45.00 and set a “neutral” rating on the stock in a research note on Monday, January 6th. Evercore ISI lifted their target price on UDR from $43.00 to $45.00 and gave the company an “in-line” rating in a research note on Monday, February 10th. Finally, Wells Fargo & Company decreased their target price on UDR from $48.00 to $45.00 and set an “overweight” rating on the stock in a research note on Friday, January 24th. One research analyst has rated the stock with a sell rating, eleven have issued a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $46.12.

UDR Stock Performance

NYSE:UDR opened at $43.36 on Friday. The company has a debt-to-equity ratio of 1.71, a current ratio of 5.61 and a quick ratio of 5.91. UDR, Inc. has a 1 year low of $35.14 and a 1 year high of $47.55. The stock’s 50 day simple moving average is $42.75 and its two-hundred day simple moving average is $43.77. The company has a market cap of $14.36 billion, a price-to-earnings ratio of 173.44, a PEG ratio of 8.67 and a beta of 0.88.

UDR (NYSE:UDR) last released its earnings results on Wednesday, February 5th. The real estate investment trust reported $0.63 earnings per share for the quarter, beating the consensus estimate 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, equities analysts anticipate that UDR, Inc. will post 2.51 earnings per share for the current fiscal year.

UDR Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Thursday, April 10th will be given a dividend of $0.43 per share. The ex-dividend date is Thursday, April 10th. This represents a $1.72 annualized dividend and a dividend yield of 3.97%. This is an increase from UDR’s previous quarterly dividend of $0.43. UDR’s payout ratio is currently 688.00%.

Insider Activity

In other news, CEO Thomas W. Toomey sold 25,000 shares of the business’s stock in a transaction that occurred on Thursday, February 20th. The stock was 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 of the company’s stock, valued at approximately $35,256,609. The trade was a 2.94 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Corporate insiders own 3.73% of the company’s stock.

About UDR

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.