Public Employees Retirement System of Ohio Sells 14,321 Shares of UDR, Inc. (NYSE:UDR)

Public Employees Retirement System of Ohio decreased its holdings in shares of UDR, Inc. (NYSE:UDR) by 2.5% during the first quarter, HoldingsChannel reports. The fund owned 557,685 shares of the real estate investment trust’s stock after selling 14,321 shares during the quarter. Public Employees Retirement System of Ohio’s holdings in UDR were worth $20,863,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently made changes to their positions in the stock. Principal Securities Inc. bought a new stake in shares of UDR during the 4th quarter valued at $26,000. Fidelis Capital Partners LLC bought a new stake in shares of UDR during the first quarter valued at about $26,000. Quest Partners LLC purchased a new stake in shares of UDR in the fourth quarter worth about $27,000. Livforsakringsbolaget Skandia Omsesidigt boosted its position in shares of UDR by 87.3% in the fourth quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 1,435 shares of the real estate investment trust’s stock valued at $55,000 after acquiring an additional 669 shares during the period. Finally, Addison Advisors LLC boosted its position in shares of UDR by 53.1% in the fourth quarter. Addison Advisors LLC now owns 1,731 shares of the real estate investment trust’s stock valued at $66,000 after acquiring an additional 600 shares during the period. Hedge funds and other institutional investors own 97.84% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have issued reports on UDR. Mizuho increased their target price on shares of UDR from $35.00 to $38.00 and gave the stock a “neutral” rating in a research note on Thursday, May 30th. Wells Fargo & Company increased their price objective on UDR from $39.00 to $41.00 and gave the stock an “overweight” rating in a research report on Friday, May 31st. Morgan Stanley boosted their target price on UDR from $37.00 to $40.00 and gave the stock an “equal weight” rating in a research report on Tuesday, May 14th. Scotiabank raised their price target on UDR from $39.00 to $42.00 and gave the company a “sector perform” rating in a report on Tuesday, May 14th. Finally, Piper Sandler upgraded UDR from an “underweight” rating to a “neutral” rating and lifted their price target for the company from $34.00 to $40.00 in a research report on Wednesday, April 10th. Eleven investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to MarketBeat, UDR has an average rating of “Hold” and an average target price of $41.17.

UDR Price Performance

Shares of UDR stock opened at $41.16 on Tuesday. The company has a debt-to-equity ratio of 1.49, a quick ratio of 6.61 and a current ratio of 6.61. UDR, Inc. has a 52-week low of $30.95 and a 52-week high of $42.42. The company has a fifty day moving average of $40.29 and a 200-day moving average of $38.18. The stock has a market capitalization of $13.55 billion, a price-to-earnings ratio of 29.83, a price-to-earnings-growth ratio of 9.10 and a beta of 0.83.

UDR Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 31st. Stockholders of record on Wednesday, July 10th will be paid a dividend of $0.425 per share. The ex-dividend date of this dividend is Wednesday, July 10th. This represents a $1.70 dividend on an annualized basis and a dividend yield of 4.13%. UDR’s dividend payout ratio (DPR) is currently 123.19%.

Insider Transactions at UDR

In related news, SVP Michael D. Lacy sold 4,500 shares of the stock in a transaction dated Friday, May 10th. The stock was 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 directly owns 8,566 shares in the company, valued at approximately $326,964.22. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In related news, CEO Thomas W. Toomey sold 90,000 shares of UDR stock in a transaction on Friday, June 7th. The shares were sold at an average price of $39.52, for a total value of $3,556,800.00. Following the transaction, the chief executive officer now directly owns 849,716 shares of the company’s stock, valued at $33,580,776.32. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, SVP Michael D. Lacy sold 4,500 shares of the 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 sale, the senior vice president now directly owns 8,566 shares of the company’s stock, valued at approximately $326,964.22. The disclosure for this sale can be found here. Company insiders own 3.73% of the company’s stock.

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.