California State Teachers Retirement System reduced its holdings in shares of UDR, Inc. (NYSE:UDR) by 2.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 441,234 shares of the real estate investment trust’s stock after selling 13,234 shares during the period. California State Teachers Retirement System owned approximately 0.16% of UDR worth $17,482,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other large investors have also made changes to their positions in UDR. Oregon Public Employees Retirement Fund increased its position in UDR by 3,986.5% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 1,198,148 shares of the real estate investment trust’s stock valued at $30,000 after buying an additional 1,168,828 shares in the last quarter. Capital Investment Advisory Services LLC purchased a new stake in UDR during the 4th quarter valued at about $55,000. Pearl River Capital LLC purchased a new stake in UDR during the 4th quarter valued at about $87,000. First Quadrant L P CA purchased a new stake in UDR during the 4th quarter valued at about $91,000. Finally, Advisor Group Inc. grew its stake in UDR by 20.5% during the 4th quarter. Advisor Group Inc. now owns 4,099 shares of the real estate investment trust’s stock valued at $162,000 after purchasing an additional 697 shares during the last quarter. 97.49% of the stock is currently owned by institutional investors.
In other news, Director Lynne B. Sagalyn sold 4,289 shares of the company’s stock in a transaction dated Friday, February 22nd. The stock was sold at an average price of $44.97, for a total value of $192,876.33. Following the sale, the director now owns 81,852 shares in the company, valued at $3,680,884.44. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, COO Jerry A. Davis sold 10,000 shares of the company’s stock in a transaction dated Wednesday, January 2nd. The stock was sold at an average price of $39.24, for a total value of $392,400.00. Following the completion of the sale, the chief operating officer now owns 214,669 shares in the company, valued at approximately $8,423,611.56. The disclosure for this sale can be found here. Insiders sold 64,289 shares of company stock worth $2,818,276 in the last 90 days. Company insiders own 3.16% of the company’s stock.
UDR stock opened at $45.13 on Friday. UDR, Inc. has a fifty-two week low of $34.03 and a fifty-two week high of $45.38. The company has a current ratio of 7.61, a quick ratio of 7.61 and a debt-to-equity ratio of 1.23. The stock has a market cap of $12.44 billion, a price-to-earnings ratio of 23.03, a PEG ratio of 3.85 and a beta of 0.55.
UDR (NYSE:UDR) last issued its earnings results on Tuesday, February 12th. The real estate investment trust reported $0.30 EPS for the quarter, missing analysts’ consensus estimates of $0.49 by ($0.19). UDR had a return on equity of 7.50% and a net margin of 19.40%. The company had revenue of $264.73 million during the quarter, compared to analysts’ expectations of $262.98 million. During the same quarter in the previous year, the company earned $0.25 EPS. The firm’s quarterly revenue was up 5.8% compared to the same quarter last year. On average, research analysts forecast that UDR, Inc. will post 2.06 earnings per share for the current year.
UDR has been the topic of several research analyst reports. JPMorgan Chase & Co. upgraded UDR from a “neutral” rating to an “overweight” rating in a research note on Wednesday, December 19th. Zacks Investment Research upgraded UDR from a “hold” rating to a “buy” rating and set a $46.00 price target on the stock in a research note on Monday, November 26th. Robert W. Baird downgraded UDR from an “outperform” rating to a “neutral” rating and set a $42.00 price target on the stock. in a research note on Tuesday, November 20th. Capital One Financial reiterated an “equal weight” rating and set a $43.00 price target on shares of UDR in a research note on Sunday, November 18th. Finally, Goldman Sachs Group downgraded UDR from a “neutral” rating to a “sell” rating and dropped their price target for the company from $43.00 to $39.00 in a research note on Monday, March 11th. Four investment analysts have rated the stock with a sell rating, eight have issued a hold rating and five have issued a buy rating to the stock. The company has an average rating of “Hold” and a consensus price target of $41.31.
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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 properties in targeted U.S.
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