Kentucky Retirement Systems Has $895,000 Stock Position in UDR, Inc. (NYSE:UDR)

Kentucky Retirement Systems lowered its stake in UDR, Inc. (NYSE:UDR) by 1.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 20,625 shares of the real estate investment trust’s stock after selling 284 shares during the quarter. Kentucky Retirement Systems’ holdings in UDR were worth $895,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Exchange Traded Concepts LLC increased its position in shares of UDR by 8.8% in the fourth quarter. Exchange Traded Concepts LLC now owns 3,330 shares of the real estate investment trust’s stock valued at $145,000 after acquiring an additional 269 shares during the last quarter. Empowered Funds LLC increased its position in shares of UDR by 7.1% in the third quarter. Empowered Funds LLC now owns 5,246 shares of the real estate investment trust’s stock valued at $238,000 after acquiring an additional 350 shares during the last quarter. TCV Trust & Wealth Management Inc. increased its position in shares of UDR by 8.2% in the third quarter. TCV Trust & Wealth Management Inc. now owns 5,589 shares of the real estate investment trust’s stock valued at $253,000 after acquiring an additional 424 shares during the last quarter. IRON Financial LLC increased its position in shares of UDR by 3.0% in the fourth quarter. IRON Financial LLC now owns 17,674 shares of the real estate investment trust’s stock valued at $767,000 after acquiring an additional 511 shares during the last quarter. Finally, Salem Investment Counselors Inc. increased its position in shares of UDR by 62.7% in the fourth quarter. Salem Investment Counselors Inc. now owns 1,349 shares of the real estate investment trust’s stock valued at $59,000 after acquiring an additional 520 shares during the last quarter. Institutional investors and hedge funds own 97.84% of the company’s stock.

Insider Buying and Selling

In related news, CEO Thomas W. Toomey sold 25,000 shares of the company’s stock in a transaction dated Thursday, February 20th. The shares were sold at an average price of $42.75, for a total transaction of $1,068,750.00. Following the completion of the sale, the chief executive officer now owns 824,716 shares of the company’s stock, valued at $35,256,609. This represents a 2.94 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 3.73% of the stock is currently owned by company insiders.

UDR Price Performance

UDR stock opened at $43.21 on Tuesday. The company has a current ratio of 5.61, a quick ratio of 5.91 and a debt-to-equity ratio of 1.71. The company has a market capitalization of $14.31 billion, a price-to-earnings ratio of 172.82, a PEG ratio of 8.67 and a beta of 0.88. The stock’s 50 day moving average is $42.27 and its 200-day moving average is $43.61. UDR, Inc. has a 12 month low of $34.76 and a 12 month high of $47.55.

UDR (NYSE:UDR) last posted its quarterly earnings data on Wednesday, February 5th. The real estate investment trust reported $0.63 EPS for the quarter, topping 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%. Equities research analysts expect that UDR, Inc. will post 2.51 EPS for the current year.

UDR Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, January 31st. Investors of record on Thursday, January 9th were given a dividend of $0.425 per share. The ex-dividend date of this dividend was Friday, January 10th. This represents a $1.70 annualized dividend and a yield of 3.93%. UDR’s dividend payout ratio is 680.00%.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on UDR. Scotiabank boosted their price target on UDR from $48.00 to $49.00 and gave the stock a “sector perform” rating in a research report on Friday, February 14th. Royal Bank of Canada boosted their price target on UDR from $43.00 to $44.00 and gave the stock a “sector perform” rating in a research report on Friday, February 7th. Zelman & Associates reissued a “neutral” rating on shares of UDR in a research report on Thursday, February 13th. Mizuho lowered their price target on UDR from $47.00 to $45.00 and set a “neutral” rating on the stock in a research report on Monday, January 6th. Finally, Evercore ISI boosted their price target on UDR from $43.00 to $45.00 and gave the stock an “in-line” rating in a research report on Monday, February 10th. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating and eight have assigned a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target 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.