UDR, Inc. (NYSE:UDR) Shares Sold by Employees Retirement System of Texas

Employees Retirement System of Texas reduced its holdings in shares of UDR, Inc. (NYSE:UDR - Free Report) by 11.6% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 118,000 shares of the real estate investment trust's stock after selling 15,513 shares during the period. Employees Retirement System of Texas' holdings in UDR were worth $5,122,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of UDR. Smartleaf Asset Management LLC lifted its holdings in shares of UDR by 68.7% during the fourth quarter. Smartleaf Asset Management LLC now owns 1,206 shares of the real estate investment trust's stock valued at $52,000 after purchasing an additional 491 shares during the last quarter. Continuum Advisory LLC increased its position in UDR by 38.0% during the 4th quarter. Continuum Advisory LLC now owns 1,275 shares of the real estate investment trust's stock valued at $55,000 after buying an additional 351 shares in the last quarter. Catalyst Capital Advisors LLC bought a new position in UDR during the 4th quarter valued at approximately $63,000. Crews Bank & Trust purchased a new position in UDR during the fourth quarter valued at $76,000. Finally, Wingate Wealth Advisors Inc. bought a new stake in UDR in the fourth quarter worth $87,000. 97.84% of the stock is owned by hedge funds and other institutional investors.

UDR Price Performance

UDR traded up $0.11 on Friday, hitting $41.43. 3,463,323 shares of the company's stock were exchanged, compared to its average volume of 2,168,028. UDR, Inc. has a fifty-two week low of $36.61 and a fifty-two week high of $47.55. The stock has a market cap of $13.73 billion, a price-to-earnings ratio of 165.72, a P/E/G ratio of 8.67 and a beta of 0.84. The firm has a 50-day moving average price of $41.65 and a 200-day moving average price of $42.76. The company has a current ratio of 5.61, a quick ratio of 5.91 and a debt-to-equity ratio of 1.71.

UDR (NYSE:UDR - Get Free Report) last released its quarterly earnings data on Wednesday, April 30th. The real estate investment trust reported $0.61 earnings per share for the quarter, hitting analysts' consensus estimates of $0.61. The company had revenue of $419.84 million for the quarter, compared to analyst estimates of $421.23 million. UDR had a return on equity of 2.65% and a net margin of 5.36%. The firm's revenue for the quarter was up 2.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.61 earnings per share. As a group, equities analysts anticipate that UDR, Inc. will post 2.51 earnings per share for the current year.

UDR Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, April 30th. Investors of record on Thursday, April 10th were issued a $0.43 dividend. The ex-dividend date of this dividend was Thursday, April 10th. This represents a $1.72 dividend on an annualized basis and a dividend yield of 4.15%. This is a positive change from UDR's previous quarterly dividend of $0.43. UDR's dividend payout ratio is currently 491.43%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on the company. Barclays lifted their price target on UDR from $48.00 to $51.00 and gave the stock an "overweight" rating in a research report on Friday, May 9th. Mizuho cut their price target on shares of UDR from $45.00 to $41.00 and set a "neutral" rating on the stock in a report on Friday, May 23rd. Zelman & Associates reissued a "neutral" rating on shares of UDR in a research report on Thursday, February 13th. Royal Bank of Canada boosted their price objective on shares of UDR from $43.00 to $44.00 and gave the stock a "sector perform" rating in a report on Thursday, May 8th. Finally, Evercore ISI increased 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. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating and seven have issued a buy rating to the company. According to MarketBeat, UDR has a consensus rating of "Hold" and an average price target of $46.44.

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.