New Mexico Educational Retirement Board Trims Holdings in UDR, Inc. (NYSE:UDR)

New Mexico Educational Retirement Board decreased its stake in shares of UDR, Inc. (NYSE:UDR) by 3.4% during the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 14,300 shares of the real estate investment trust’s stock after selling 500 shares during the period. New Mexico Educational Retirement Board’s holdings in UDR were worth $621,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in the stock. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in shares of UDR by 862.3% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 3,086,964 shares of the real estate investment trust’s stock valued at $139,963,000 after acquiring an additional 2,766,172 shares during the period. Mizuho Securities USA LLC lifted its stake in UDR by 8,460.5% in the 3rd quarter. Mizuho Securities USA LLC now owns 2,000,000 shares of the real estate investment trust’s stock worth $90,680,000 after purchasing an additional 1,976,637 shares in the last quarter. FMR LLC boosted its holdings in UDR by 14.8% in the 3rd quarter. FMR LLC now owns 11,401,026 shares of the real estate investment trust’s stock valued at $516,923,000 after purchasing an additional 1,471,855 shares during the period. JPMorgan Chase & Co. increased its holdings in shares of UDR by 5.0% in the third quarter. JPMorgan Chase & Co. now owns 7,774,541 shares of the real estate investment trust’s stock worth $352,498,000 after purchasing an additional 368,087 shares during the period. Finally, Los Angeles Capital Management LLC increased its holdings in shares of UDR by 1,665.3% in the third quarter. Los Angeles Capital Management LLC now owns 369,448 shares of the real estate investment trust’s stock worth $16,751,000 after purchasing an additional 348,520 shares during the period. Institutional investors own 97.84% of the company’s stock.

UDR Price Performance

Shares of UDR stock opened at $43.04 on Wednesday. The company’s fifty day simple moving average is $42.41 and its two-hundred day simple moving average is $43.55. UDR, Inc. has a 12-month low of $34.76 and a 12-month high of $47.55. The firm has a market cap of $14.20 billion, a PE ratio of 172.16, a price-to-earnings-growth ratio of 11.72 and a beta of 0.88. The company has a quick ratio of 5.91, a current ratio of 1.32 and a debt-to-equity ratio of 1.71.

UDR (NYSE:UDR) last announced its quarterly earnings results on Wednesday, February 5th. The real estate investment trust reported $0.63 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 expect that UDR, Inc. will post 2.51 EPS for the current year.

UDR Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, January 31st. Investors of record on Thursday, January 9th were paid a $0.425 dividend. This represents a $1.70 dividend on an annualized basis and a yield of 3.95%. The ex-dividend date was Friday, January 10th. UDR’s payout ratio is 680.00%.

Analysts Set New Price Targets

Several equities analysts recently commented on UDR shares. Barclays reduced their target price on UDR from $50.00 to $48.00 and set an “overweight” rating for the company in a research report on Friday, January 24th. Evercore ISI raised their target price on shares of UDR from $43.00 to $45.00 and gave the company an “in-line” rating in a research note 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. Zelman & Associates reaffirmed a “neutral” rating on shares of UDR in a report on Thursday, February 13th. Finally, Scotiabank raised their price target on UDR from $48.00 to $49.00 and gave the company a “sector perform” rating in a research report on Friday, February 14th. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price 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.