Teacher Retirement System of Texas Has $4.30 Million Stake in UDR, Inc. (NYSE:UDR)

Teacher Retirement System of Texas lowered its stake in shares of UDR, Inc. (NYSE:UDRFree Report) by 29.6% in the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 112,273 shares of the real estate investment trust’s stock after selling 47,231 shares during the period. Teacher Retirement System of Texas’ holdings in UDR were worth $4,299,000 as of its most recent filing with the SEC.

Other large investors have also made changes to their positions in the company. Mackenzie Financial Corp grew its holdings in shares of UDR by 1.8% during the 3rd quarter. Mackenzie Financial Corp now owns 30,386 shares of the real estate investment trust’s stock worth $1,058,000 after purchasing an additional 550 shares in the last quarter. New Mexico Educational Retirement Board increased its holdings in UDR by 7.3% in the 3rd quarter. New Mexico Educational Retirement Board now owns 16,100 shares of the real estate investment trust’s stock valued at $574,000 after buying an additional 1,100 shares during the period. Telos Capital Management Inc. raised its stake in shares of UDR by 34.0% in the 3rd quarter. Telos Capital Management Inc. now owns 34,019 shares of the real estate investment trust’s stock valued at $1,213,000 after buying an additional 8,635 shares in the last quarter. Diamond Hill Capital Management Inc. lifted its holdings in shares of UDR by 27.5% during the 3rd quarter. Diamond Hill Capital Management Inc. now owns 1,609,011 shares of the real estate investment trust’s stock worth $57,393,000 after acquiring an additional 346,590 shares during the period. Finally, Duality Advisers LP raised its position in UDR by 428.6% in the third quarter. Duality Advisers LP now owns 28,407 shares of the real estate investment trust’s stock worth $1,013,000 after purchasing an additional 23,033 shares in the last quarter. Institutional investors and hedge funds own 97.84% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on the company. Mizuho lowered their price objective on UDR from $38.00 to $35.00 and set a “neutral” rating on the stock in a research note on Wednesday, February 28th. Barclays cut UDR from an “overweight” rating to an “equal weight” rating and cut their price objective for the company from $46.00 to $37.00 in a report on Tuesday, February 20th. Deutsche Bank Aktiengesellschaft assumed coverage on shares of UDR in a report on Tuesday, January 30th. They issued a “hold” rating and a $40.00 target price on the stock. The Goldman Sachs Group began coverage on shares of UDR in a report on Thursday, February 22nd. They set a “neutral” rating and a $39.00 price target for the company. Finally, Piper Sandler raised shares of UDR from an “underweight” rating to a “neutral” rating and upped their price objective for the stock from $34.00 to $40.00 in a research note on Wednesday, April 10th. Twelve investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $42.06.

Read Our Latest Report on UDR

Insider Buying and Selling at UDR

In other UDR news, SVP Michael D. Lacy sold 4,500 shares of the company’s stock in a transaction on Friday, May 10th. The shares were sold at an average price of $38.17, for a total transaction of $171,765.00. Following the completion of the sale, the senior vice president now owns 8,566 shares in the company, valued at approximately $326,964.22. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 3.73% of the company’s stock.

UDR Stock Performance

Shares of NYSE:UDR opened at $39.37 on Wednesday. The stock has a market capitalization of $12.96 billion, a P/E ratio of 28.53, a P/E/G ratio of 2.99 and a beta of 0.79. The company has a current ratio of 6.61, a quick ratio of 6.61 and a debt-to-equity ratio of 1.49. UDR, Inc. has a 1-year low of $30.95 and a 1-year high of $44.02. The business has a 50-day moving average price of $37.30 and a two-hundred day moving average price of $36.21.

UDR Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, April 30th. Investors of record on Wednesday, April 10th were issued a $0.425 dividend. This is a positive change from UDR’s previous quarterly dividend of $0.42. This represents a $1.70 annualized dividend and a yield of 4.32%. The ex-dividend date was Tuesday, April 9th. UDR’s dividend payout ratio is currently 123.19%.

About UDR

(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.

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Institutional Ownership by Quarter for UDR (NYSE:UDR)

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