Public Employees Retirement System of Ohio Decreases Holdings in UDR, Inc. (NYSE:UDR)

Public Employees Retirement System of Ohio decreased its stake in shares of UDR, Inc. (NYSE:UDR - Free Report) by 1.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 537,873 shares of the real estate investment trust's stock after selling 9,712 shares during the quarter. Public Employees Retirement System of Ohio owned about 0.16% of UDR worth $23,349,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. Townsquare Capital LLC lifted its position in shares of UDR by 4.8% in the fourth quarter. Townsquare Capital LLC now owns 5,173 shares of the real estate investment trust's stock worth $225,000 after buying an additional 237 shares in the last quarter. Exchange Traded Concepts LLC raised its holdings in shares of UDR by 8.8% during the 4th quarter. Exchange Traded Concepts LLC now owns 3,330 shares of the real estate investment trust's stock worth $145,000 after acquiring an additional 269 shares in the last quarter. Continuum Advisory LLC boosted its position in shares of 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 acquiring an additional 351 shares during the last quarter. Smartleaf Asset Management LLC boosted its position in shares of UDR by 68.7% during the 4th quarter. Smartleaf Asset Management LLC now owns 1,206 shares of the real estate investment trust's stock valued at $52,000 after acquiring an additional 491 shares during the last quarter. Finally, IRON Financial LLC grew its holdings 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 purchasing an additional 511 shares in the last quarter. Institutional investors own 97.84% of the company's stock.

Analyst Ratings Changes

A number of research firms recently issued reports on UDR. Truist Financial downgraded shares of UDR from a "buy" rating to a "hold" rating and upped their price target for the company from $45.00 to $46.00 in a research note on Monday, March 10th. Zelman & Associates reaffirmed a "neutral" rating on shares of UDR in a report on Thursday, February 13th. Evercore ISI boosted their price objective on UDR from $43.00 to $45.00 and gave the stock an "in-line" rating in a research note on Monday, February 10th. Mizuho decreased their price objective on UDR from $45.00 to $41.00 and set a "neutral" rating on the stock in a research report on Friday, May 23rd. Finally, Wall Street Zen upgraded UDR from a "sell" rating to a "hold" rating in a research report on Thursday, February 6th. One investment analyst has rated the stock with a sell rating, ten have given a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus target price of $46.44.

UDR Stock Down 0.5%

Shares of UDR stock traded down $0.22 on Friday, reaching $41.10. The stock had a trading volume of 477,428 shares, compared to its average volume of 2,152,995. The company has a quick ratio of 5.91, a current ratio of 5.61 and a debt-to-equity ratio of 1.71. The stock has a market capitalization of $13.62 billion, a P/E ratio of 164.50, a P/E/G ratio of 8.67 and a beta of 0.84. The company has a 50 day moving average price of $41.71 and a 200 day moving average price of $42.78. UDR, Inc. has a 1 year low of $36.61 and a 1 year high of $47.55.

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

UDR Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, April 30th. Shareholders of record on Thursday, April 10th were issued a $0.43 dividend. This represents a $1.72 annualized dividend and a yield of 4.18%. The ex-dividend date was Thursday, April 10th. This is an increase from UDR's previous quarterly dividend of $0.43. UDR's dividend payout ratio (DPR) is currently 491.43%.

UDR Company 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.